New Zealand Acts

COMMERCE ACT 1986 - SECT 53ZA

53ZA What happens if Commission does not make decision within time frame

1 This section applies if the Commission does not make a determination within 150 working days of receiving a complete proposal (or within any extended time agreed under section 53U ).

2 If the regulated supplier has not complied, in the Commission’s opinion, with any reasonable exercise by the Commission of its information-gathering powers under section 53ZD or 98 , the default price-quality path continues in effect at the close of that period, and the Commission must notify the supplier accordingly.

3 If the regulated supplier has so complied, the customised proposal made under section 53Q takes effect at the close of that period.

4 If a customised price-quality path proposal takes effect under subsection (3), the Commission must immediately prepare an amendment to the relevant section 52P determination, setting out the customised price-quality path applying to the supplier.

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