2814 NEW ZEALAND GAZETTE, No. 95 10 AUGUST 2006

Notice Prohibiting Person From Managing Companies

Pursuant to Section 385 of the Companies Act 1993

To: Dean Robert Lawrence.
Of: 15A Edgewere Road, Christchurch.

Pursuant to section 385 (3) of the Companies Act 1993, I, Peter Barker, Deputy Registrar of Companies, hereby prohibit Dean Robert Lawrence from being a director or promoter of, or being concerned in, or taking part, whether directly or indirectly, in the management of any company for a period of four years three months as from the date of this notice.

Dated at Wellington this 13th day of July 2006.

PETER BARKER, Deputy Registrar of Companies.
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Land Transfer Act / Joint Family Homes Act Notices

Land Transfer Act Notice

The applicant described below has applied, under section 70 of the Land Transfer Act 1952, for the removal of a right of way and a right to convey water, electric power and telephonic communications. The applicant claims the easement is redundant by reason of the circumstances set out below. I intend to remove the easement on the 1st day of September 2006, if no objections have been received before that date.

Application: 6966205.1.
Applicant: Kevin Percival Frewer, care of William Brown Law, P.O. Box 166, Rangiora.
Easement: Right of way and a right to convey water, electric power and telephonic communications over Lot, 1, DP 329357; marked "A" on DP 329357, appurtenant to Lots 11, 12, 13, 14 and 15, DP 331970.
Circumstances: The easement is redundant due to the separation of part of the dominant tenement from the servient tenement caused by the subdivision shown on DP 331970.

Dated at the Christchurch Office of Land Information New Zealand this 1st day of August 2006.

J. BOYLE, for Registrar-General of Land.
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Departmental Notices

Economic Development

Commerce Act 1986

Statement to the Commerce Commission of Economic Policy of the Government: Incentives of Regulated Businesses to Invest in Infrastructure

To: The Commerce Commission

Pursuant to section 26 of the Commerce Act 1986 ("the Act"), I hereby transmit to the Commerce Commission the following statement of the economic policy of the Government in relation to the incentives of regulated businesses to invest in infrastructure.

Government Policy Statement—Incentives of regulated businesses to invest in infrastructure

This statement sets out the Government’s economic policy on infrastructure investment in the context of businesses that are, or may be, regulated under Parts 4, 4A or sections 70 to 74 of Part 5 of the Act.

Introduction and background

1. The Government’s objective of returning New Zealand’s per-capita income to the top half of the OECD requires improved labour and capital productivity.

2. Improved labour and capital productivity relies on quality infrastructure including secure and affordable energy services, affordable and sophisticated telecommunications technologies, and efficient transport links. In recognition of this, the Government has adopted the following overarching objective for infrastructure:

   "To enhance infrastructure’s net contribution to economic growth and societal well-being over time, while reducing the incidence and severity of service failures and adverse effects on the environment."

3. The provision of efficient infrastructure requires that businesses have the confidence and incentives to make investments in replacement, upgraded and new facilities and services.

4. Particular issues arise in the case of businesses which are or may be regulated under Parts 4, 4A or sections 70 to 74 of Part 5 of the Act. The way in which the prices, revenues and/or quality of goods and services produced by these businesses is regulated or controlled can affect their incentives to invest in new or upgraded infrastructure.

5. This is an important issue because regulated businesses tend to operate in basic infrastructure sectors where security of supply is of paramount importance.

6. Similar considerations apply to investment by regulated businesses in related facilities and services. It is in the long term interests of the economy in general and consumers in particular that regulated businesses, in common with non-regulated businesses, are able to utilise existing assets to reduce the cost of investing in new infrastructure and to take advantage of economies of scale and scope.