New Zealand Acts

COMMERCE ACT 1986 - SECT 53N

53N Monitoring compliance with price-quality paths

For the purpose of monitoring compliance with a price-quality path (whether a default price-quality path or a customised price-quality path under this subpart, or an individual price-quality path under subpart 7 ), the Commission may, in addition to exercising its powers under section 98 , issue a written notice to a regulated supplier requiring it to provide any or all of the following:

a) a written statement that states whether or not the supplier has complied with the price-quality path applying to that supplier:

b) a report on the written statement referred to in paragraph (a) that is signed by an auditor in accordance with any form specified by the Commission:

c) sufficient information to enable the Commission to properly determine whether all applicable price-quality paths have been complied with:

d) a certificate, in the form specified by the Commission and signed by at least 1 director of the supplier, confirming the truth and accuracy of any information provided under this section.

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