New Zealand Gazette – 2006 – No. 30

Page 797

✨ Commerce Act Amendment

31 MARCH 2006 NEW ZEALAND GAZETTE, No. 30 797

(b) revoke any such exemption."

Dated at Wellington this 31st day of March 2006.

COMMERCE COMMISSION.

EXPLANATORY NOTE

In 2004, the Commerce Commission set thresholds for the declaration of control in relation to electricity distribution businesses for the 5 years beginning 1 April 2004, and published those thresholds in a supplement to the New Zealand Gazette, 31 March 2004, No. 37, page 927, as the Commerce Act (Electricity Distribution Thresholds) Notice 2004 (the "principal notice").

Further detail regarding the thresholds can be found in a Decision Paper, Regulation of Electricity Lines Businesses, Targeted Control Regime, Threshold Decisions (Regulatory Period Beginning 2004), published by the Commission on 1 April 2004 (the "Decision Paper").

Having consulted with interested parties, the Commission has amended the thresholds as set out in the above amendment notice. The amendments are as follows:

(a) the provision relating to notional revenue during an assessment period (clause 5(1)(b) of the principal notice) has been amended to more accurately reflect the intent of the Commission’s decision concerning the price path threshold, as set out in the Decision Paper; and

(b) the provision relating to exemptions from the information requirements (clause 7(9) of the principal notice) has been extended to, among other things, permit the granting of an exemption to a business that has agreed to an administrative settlement with the Commission or that the Commission has determined not to assess at a particular assessment date.

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Online Sources for this page:

VUW Te Waharoa — NZ Gazette 2006, No 30

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

The Executive Wing of Parliament (depicted) is universally known as The Beehive. It was completed in 1977 and remains the primary office for the elected Government of the day.

✨ LLM interpretation of page content

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

Domain🏭 Trade, Customs & Industry
Dated31 March 2006
KeywordsCommerce Act, Electricity Distribution, Thresholds, Amendment, Notice, Regulation, Consultation, Exemptions
👩‍💼 Officials

Commerce Commission

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