New Zealand Gazette – 2006 – No. 30

Page 796

✨ Commerce Act Amendment Notice



796

NEW ZEALAND GAZETTE, No. 30

31 MARCH 2006

COMMERCE ACT (ELECTRICITY DISTRIBUTION THRESHOLDS)
AMENDMENT NOTICE 2006

Pursuant to Part 4A of the Commerce Act 1986, the Commerce Commission (“the
Commission”) gives the following notice.

NOTICE

1. Title

(1) This notice is the Commerce Act (Electricity Distribution Thresholds) Amendment
Notice 2006.

(2) In this notice, the Commerce Act (Electricity Distribution Thresholds) Notice 2004
(Supplement to the New Zealand Gazette, 31 March 2004, No. 37, page 927) is called
the “principal notice”.

2. Commencement

This notice comes into force on 1 April 2006.

3. Price path threshold

Clause 5(1) of the principal notice is amended by omitting paragraph (b), and substituting the
following paragraph:

“(b) notional revenue during each assessment period: the notional revenue of a
distribution business at any time during an assessment period is not to exceed the
greater of the allowable notional revenue of the distribution business at the
assessment date on which that assessment period ends and the allowable notional
revenue of the distribution business at the previous assessment date under this
clause (or, if the previous assessment date is the reference date, under clause 5 of
the initial notice).”

4. Information requirements

Clause 7 of the principal notice is amended by omitting subclause (9), and substituting the
following subclause:

“(9) The Commission may at any time, by written notice to a distribution business,—

(a) exempt from any or all of the provisions of this clause, for a period and on
such terms and conditions as the Commission specifies in the notice, any
distribution business—

(i) in respect of which a control declaration is in force; or

(ii) in respect of which an administrative settlement (being an agreement
made between the Commission and that business following a breach
of either or both of the thresholds by that business) is in force; or

(iii) which the Commission has determined not to assess as at any
assessment date occurring during that period; and"



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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 30


Gazette.govt.nz — PDF NZ Gazette 2006, No 30




✨ LLM interpretation of page content

🏭 Commerce Act (Electricity Distribution Thresholds) Amendment Notice 2006 (continued from previous page)

🏭 Trade, Customs & Industry
Commerce Act, Electricity Distribution, Thresholds, Amendment, Notice
  • Commerce Commission