New Zealand Acts

COMMERCE ACT 1986 - SECT 53Y

53Y Commission's costs relating to assessing, setting, and reconsidering customised price-quality path

1 The Commission’s costs in assessing a proposal for, and setting or reconsidering, a customised price-quality path must be met by the person who makes the proposal for a customised price-quality path.

1A If the amount paid by a person in respect of a proposal for a customised price-quality path exceeds the Commission's costs in assessing the proposal and (if applicable) setting or reconsidering the customised price-quality path, the Commission may refund the excess to the person who paid it.

2 The costs may be recovered in whatever manner the Commission determines.

History: Section 53Y: inserted, on 14 October 2008, by section 4 of the Commerce Amendment Act 2008 (2008 No 70).   Section 53Y heading: amended, on 1 November 2010, by section 148(1) of the Electricity Industry Act 2010 (2010 No 116).     Section 53Y(1): amended, on 1 November 2010, by section 148(2) of the Electricity Industry Act 2010 (2010 No 116).     Section 53Y(1A): inserted, on 1 November 2010, by section 148(3) of the Electricity Industry Act 2010 (2010 No 116).