✨ Gas Industry Governance Policy
23 APRIL 2008 NEW ZEALAND GAZETTE, No. 75 2077
Co-regulatory governance and Government oversight
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Sub-part 2 of Part 4A of the Gas Act 1992 provides for co-regulation of the gas industry by the Government and Gas Industry Co. as the approved industry body. The Gas Act 1992 sets out a number of obligations with which the Minister of Energy and Gas Industry Co., as the approved industry body, are required to comply before making recommendations for rules or regulations. Gas Industry Co. is also required to have regard to the objectives and outcomes in this statement when making recommendations for rules or regulations and comply with the provisions of its constitution.
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Gas Industry Co. may recommend non-regulatory arrangements (including voluntary codes or multilateral contracts) or that rules or regulations be made under the Gas Act 1992, for governance of the gas industry, whichever Gas Industry Co. considers most practicable to achieve the objectives and outcomes described in the Gas Act 1992 and this policy statement.
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Gas Industry Co. should report to the Minister of Energy each quarter on progress made toward meeting the Government’s objectives and outcomes for the gas industry and any Ministerial requests relating to the gas industry that may arise from time to time.
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Gas Industry Co. should actively consult with the Ministry of Consumer Affairs when pursuing outcomes which directly impact on small consumers.
Government policy objectives for the gas industry
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The Gas Act 1992 sets out the principal policy objective for Gas Industry Co., when recommending rules or regulations for wholesale market, processing facilities, transmission, and distribution of gas, as follows:
"To ensure that gas is delivered to existing and new customers in a safe, efficient, and reliable manner."*
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It is the Government’s objective that when recommending rules, regulations or non-regulatory arrangements, Gas Industry Co. applies this policy objective to all its work.
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It is also the Government’s objective that Gas Industry Co. takes account of fairness and environmental sustainability in all its recommendations. To this end, the Government’s objective for the entire gas industry is as follows:
To ensure that gas is delivered to existing and new customers in a safe, efficient, fair, reliable and environmentally sustainable manner.
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It is against this objective that Gas Industry Co. must have regard when making recommendations for rules, regulations or non-regulatory arrangements for any part of the gas industry and against which it must report.
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The Gas Act 1992 also sets out the following other objectives for Gas Industry Co. when recommending rules or regulations for wholesale market, processing facilities, transmission, and distribution of gas:
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Online Sources for this page:
VUW Te Waharoa —
NZ Gazette 2008, No 75
Gazette.govt.nz —
NZ Gazette 2008, No 75
✨ LLM interpretation of page content
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Government Policy Statement on Gas Governance
(continued from previous page)
🌾 Primary Industries & ResourcesGas governance, policy statement, Gas Act 1992, Commerce Act 1986, Commerce Commission, Gas Industry Co, Minister of Energy, Minister of Commerce