New Zealand Acts

COMMERCE ACT 1986 - SECT 53O

53O Section 52P determination to set out requirements of default price-quality paths

If default price-quality regulation applies to regulated goods or services, the section 52P determination must set out a default price-quality path that includes—

a) the starting prices that apply to the supply of the goods or services during the first regulatory period; and

b) the rate or rates of change in prices, relative to the Consumers Price Index, allowed during the first regulatory period; and

c) the quality standards that apply during the first regulatory period; and

d) the date or dates on which the default price-quality path (or any part of it) takes effect; and

e) the annual date by which any proposal for a customised price-quality path must be received; and

f) the annual date by which compliance must be demonstrated in accordance with section 53N .

History: Section 53O: inserted, on 14 October 2008, by section 4 of the Commerce Amendment Act 2008 (2008 No 70).   Section 53O(b): amended, on 1 September 2022, by section 107(1) of the Data and Statistics Act 2022 (2022 No 39).