New Zealand Acts

COMMERCE ACT 1986 - SECT 54L

54L Administrative settlements made before 1 April 2009 (other than with Transpower)

1 This section applies to every administrative settlement accepted by the Commission before 1 April 2009 in respect of a breach of a threshold other than an administrative settlement with Transpower.

2 The enactment of the Commerce Amendment Act 2008 does not limit or affect an administrative settlement to which this section applies, except as provided in this section.

3 Any breach of the administrative settlement must be dealt with in accordance with the terms of the settlement.

4 The expiry of the administrative settlement must be treated as if it were the end of a customised price-quality path, and section 53X applies accordingly (unless the supplier concerned would not otherwise be subject to default/customised price-quality regulation after the expiry of the settlement).

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