✨ Commerce Act (Transpower Thresholds) Notice 2008
2806 NEW ZEALAND GAZETTE, No. 106 27 JUNE 2008
(a) a report on the statements required by subclauses (1), (2) and (3) in respect of that assessment date that is signed by an auditor and is in the form set out in Schedule 3; and
(b) a certificate in the form set out in Schedule 4, duly signed by two directors of Transpower.
(5) Under (and without limiting) section 57U of the Act, Transpower is—
(a) required to supply to the Commission, under subsection (1)(a) of that section, a copy of each statement and document disclosed under subclauses (1) to (3); and
(b) requested to supply to the Commission, under subsection (1)(b) of that section, the auditor’s report referred to in subclause (4)(a)—
within 5 working days after the statement is first so disclosed.
(6) Transpower need not include in a statement under subclauses (1), (2) and (3) any information that it considers is commercially sensitive if—
(a) it has given the information concerned to the Commission and advised the Commission in writing of the reasons for the exclusion; and
(b) that information is covered by the auditor’s report required under subclause (4)(a) and the certificate required under subclause (4)(b); and
(c) the Commission has not objected to the exclusion of the information.
(7) An auditor’s report given for the purposes of subclause (4)(a) may be qualified only if—
(a) the auditor considers that the threshold compliance statement concerned—
(i) fails to comply with this clause 9; or
(ii) fails to give a true and fair view of the matters to which it relates (having regard to any information or explanations that may have been provided by the directors of Transpower); and
(b) the auditor’s report explains with full reasons the respects in which the statement so fails.
(8) Under (and without limiting) section 57U of the Act—
(a) Transpower must supply to the Commission, within the period specified by the Commission, all further statements, reports, agreements, particulars, or other information requested by the Commission in writing under that section; and
(b) if any further statements, reports, agreements, particulars, or other information are required to be supplied by Transpower to the Commission under that section, the Commission may require that information to be verified by statutory declaration by a director of Transpower in the form set
Next Page →
NZ Gazette 2008, No 106
✨ LLM interpretation of page content
🏭
Commerce Act (Transpower Thresholds) Notice 2008
(continued from previous page)
🏭 Trade, Customs & IndustryCommerce Act, Transpower, Thresholds, Notice, 2008, Asset Management, Information Requirements, Compliance, Revenue Requirement