NEW ZEALAND GAZETTE, No. 153 — 18 DECEMBER 2014

EASA AD 2007-0042
7 March 2007

CASA AD/GA8/8
1 December 2014

EASA AD 2014-0225R1
10 December 2014

These airworthiness directives will come into force on:

EASA AD 2014-0264
23 December 2014

EASA AD 2014-0269
24 December 2014

FAA AD 2014-23-16
9 January 2015

Airworthiness directives may be viewed on the CAA website (www.caa.govt.nz) or at Asteron Centre, Level 15, 55 Featherston Street, Wellington 6011, or on application to the Aircraft Certification Unit, CAA, PO Box 3555, Wellington 6140.

Dated at Wellington this 18th day of December 2014.

OWEN OLLS, Airworthiness Specialist.

2014-au7749

Notice Under Section 70C of the Securities Act 1978

Pursuant to sections 70B and 70D of the Securities Act 1978, the Financial Markets Authority on 16 December 2014 granted the exemptions contained in the Securities Act (Heartland Bank Regulatory Capital) Exemption Notice (No 2) 2014.

Copies are available on the Financial Markets Authority’s website

www.fma.govt.nz

Copies are also available for purchase on request to the Financial Markets Authority, Level 2, 1 Grey Street, Wellington, or Level 5, Ernst & Young Building, 2 Takutai Square, Britomart, Auckland, or by post to PO Box 1179, Wellington 6140.

2014-au7812

Notification of Amendment to Input Methodologies for Electricity Lines Services and Gas Pipeline Services

The Commerce Commission (“Commission”) has amended the input methodologies applicable to electricity lines services and gas pipeline services under Part 4 of the Commerce Act 1986.

The amended input methodologies are:

• Electricity Distribution Services Input Methodologies Determination 2012, [2012] NZCC 26*.
• Transpower Input Methodologies Determination [2012] NZCC 17†.
• Gas Distribution Services Input Methodologies Determination 2012, [2012] NZCC 27‡.
• Gas Transmission Services Input Methodologies Determination 2012, [2012] NZCC 28§.

The amendment is set out in the Electricity Lines Services and Gas Pipeline Services Input Methodologies Determination Amendment (WACC Percentile for Information Disclosure Regulation) 2014 [2014] NZCC 38, and will apply to information disclosure regulation for electricity lines services and gas pipeline services.

The amendment gives effect to the Commission’s decision to determine and publish a 67th percentile estimate of the weighted average cost of capital on an annual basis for the purposes of information disclosure regulation for electricity lines services and gas pipeline services.

The amendment also reduces the maximum rate, applicable under GAAP, that suppliers of electricity lines services and gas pipeline services subject to price-quality regulation may use for calculating the financing costs of assets for the purposes of information disclosure and customised price-quality regulation from the 75th percentile estimate of the weighted average cost of capital to the 67th percentile estimate.

These changes follow the Commission’s review of the appropriate weighted average cost of capital percentile for electricity lines services and gas pipeline services.

The review was initiated following the High Court’s comments on the lack of sufficient evidential basis for the current weighted average cost of capital percentile (see Wellington International Airport Ltd & Ors v Commerce Commission [2013] NZHC [December 2013]).

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