New Zealand Gazette – 2006 – No. 64

Page 1544

✨ Commerce Act Notice



1544 NEW ZEALAND GAZETTE, No. 64 23 JUNE 2006

EXPLANATORY NOTE

The purpose of this Gazette notice is to—

(a) set thresholds for the declaration of control in relation to Transpower New Zealand
Limited for the year beginning 1 July 2006, pursuant to section 57G of the Commerce
Act 1986; and

(b) require Transpower New Zealand Limited, pursuant to sections 57T and 57U of that
Act, to publicly disclose and publish on the Internet (and send to the Commission) a
threshold compliance statement stating whether or not it has complied with the
thresholds set in this notice and providing supporting evidence. The threshold
compliance statement is to be accompanied by both an auditor’s report and a directors’
certificate.

The Commission, having conducted a comprehensive process of consultation, has decided to
maintain two thresholds for Transpower New Zealand Limited – a price path threshold and a
quality threshold. These two thresholds will underpin the achievement of the purpose of the
targeted control regime.

The thresholds for declaration of control in relation to distribution businesses are set by the
Commerce Act (Electricity Distribution Thresholds) Notice 2004, as amended by the
Commerce Act (Electricity Distribution Thresholds) Amendment Notice 2006.

The Commission’s thresholds are a screening mechanism. The Commission is required to
assess one or more lines businesses and identify those that breach the thresholds and may
further investigate their performance. Further investigation may lead to control of one or
more lines businesses.

Copies of this notice are available for inspection free of charge at the Commission (during
ordinary office hours) and on the Internet, or for purchase at a reasonable price at the
Commission.

Further detail regarding the thresholds for the declaration of control in relation to large
electricity lines businesses (including in relation to Transpower New Zealand Limited’s
thresholds) can be found in two Decision Papers, Regulation of Electricity Lines Businesses,
Targeted Control Regime, Threshold Decisions (Regulatory Period Beginning 2004), and
Regulation of Electricity Lines Businesses, Targeted Control Regime, Resetting Transpower’s
Thresholds from 1 July 2006, Decisions Paper, published by the Commission.

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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2006, No 64


Gazette.govt.nz — PDF NZ Gazette 2006, No 64




✨ LLM interpretation of page content

🏭 Commerce Act (Transpower Thresholds) Notice 2006 (continued from previous page)

🏭 Trade, Customs & Industry
Commerce Act, Transpower, Thresholds, Notice, Electricity, Definitions, Pricing, Public Disclosure, Rates, Reference Date, Unplanned Interruptions, Customer Interruptions, Customer Communication, Auditor's Report, Audit Standards, Compliance Statement