New Zealand Acts

COMMERCE ACT 1986 - SECT 53L

53L Overview of default/customised price-quality regulation

1 If goods or services are subject to default/customised price-quality regulation,—

a) the Commission sets default price-quality paths that apply for a regulatory period, and all regulated suppliers must apply those default price-quality paths; but

b) individual suppliers may make a proposal to the Commission for a customised price-quality path; and

c) the Commission may set a customised price-quality path for the supplier, and that then applies for a set period instead of a specified default price-quality path.

2 This section is only a guide.

History: Section 53L: inserted, on 14 October 2008, by section 4 of the Commerce Amendment Act 2008 (2008 No 70).