New Zealand Gazette – 2007 – No. 75

Page 1929

✨ Commerce Commission Notice



29 JUNE 2007 NEW ZEALAND GAZETTE, No. 75

                                1929

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 2007, 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 2007.

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 2007, Decisions Paper, published by the Commission.

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Online Sources for this page:

VUW Te Waharoa — PDF NZ Gazette 2007, No 75


Gazette.govt.nz — PDF NZ Gazette 2007, No 75




✨ LLM interpretation of page content

🏭 Thresholds for Declaration of Control for Transpower New Zealand Limited (continued from previous page)

🏭 Trade, Customs & Industry
Thresholds, Declaration of Control, Transpower, Commerce Act, Electricity Lines Businesses