The notice of exemption concerns an application received by the Commerce Commission (“the Commission”) on
14 March 2005, made by Wayne Boyd.
Wayne Boyd seeks in the application, under section 81 of the Electricity Industry Reform Act 1998 (“the EIR Act”), an exemption from section 17 of the EIR Act.
The Commission, pursuant to section 81 of the EIR Act, exempts Wayne Boyd from the application of section 17 of the EIR Act in relation to a prohibited cross-involvement in an electricity lines and an electricity supply business.
The exemption is subject to the following terms and conditions:
(a) That Meridian Energy Limited shall not enter into any kind of contract or arrangement with Auckland International Airport Limited that relates to the use of Auckland International Airport Limited’s electricity distribution network whilst Wayne Boyd is involved with both Meridian Energy Limited and Auckland International Airport Limited; and
(b) that Wayne Boyd informs the Commission if he becomes a director of any company other than those described in his application for exemption.
The exemption takes effect from the date of publication of this notice in the New Zealand Gazette.
The Commission may vary or revoke this exemption at any time in accordance with section 81 (5) of the EIR Act.