New Zealand Acts

COMMERCE ACT 1986 - SECT 54K

54K Section 52P determinations setting out default price-quality paths applying from 1 April 2010

1 Before 1 April 2010, the Commission must reset the default price-quality paths for each supplier that apply on and after that date, using the process set out in section 53P .

2 The Commission may reset the default price-quality paths even if all or any of the relevant input methodologies have not been determined.

3 If an input methodology is published after 1 April 2010 and if, had that methodology applied at the time the default price-quality paths were reset as required by subsection (1), it would have resulted in a materially different path being set, then the Commission may reset the default price-quality paths in accordance with section 53P and may apply claw-back, despite section 53ZB(1) .

4 However, the Commission may not exercise its powers in subsection (3) later than 9 months after the date of publication of the input methodology.

5 Nothing in this section affects sections 54N and 54O .

History: Section 54K: inserted, on 1 April 2009, by section 4 of the Commerce Amendment Act 2008 (2008 No 70).