New Zealand Acts

COMMERCE ACT 1986 - SECT 53ZB

53ZB What happens to price-quality paths if input methodologies change

1 Default or customised price-quality paths may not be reopened within a regulatory period on the grounds of a change in an input methodology, except as provided in subsection (2).

2 Every default and customised price-quality path must be reset by the Commission in accordance with section 53P if—

a) an input methodology changes as a result of an appeal under section 52Z ; and

b) had the changed methodology applied at the time the price-quality path was set, it would have resulted in a materially different path being set.

3 When resetting a default or customised price-quality path under subsection (2), the Commission must apply claw-back.

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