The Commerce Commission (“Commission”), pursuant to section 81 of the Electricity Industry Reform Act 1998 (“EIR Act”), temporarily exempts the following entities from the application of section 17 of the EIR Act:
? Centro NZ Shopping Centre Fund Limited;
? CPT Custodian Pty Limited;
? Centro NZ Shopping Centre Fund Sub Trust;
? CPT Manager Limited;
? Centro Property Trust;
? Centro Properties Limited;
? Centro Fund Manager (NZ) Limited;
? Centro Property Manager (NZ) Limited;
? Centro Property Management Trust;
? Centro MCS Manager Limited; and
? Centro CPL Limited.
The temporary exemption applies in respect of their potential “cross-involvements” (as that term is defined in the EIR Act) which may result from the purchase by Centro
NZ Shopping Centre Fund Limited of the properties listed
in the confidential version of the application for exemption, the names of which have been withheld on the basis that they are commercially sensitive.
This temporary exemption takes effect from the date of publication until:
? a permanent exemption takes effect, in the event that the Commission grants a permanent exemption; or
? three months after the date of the release of the Commission’s determination, if the Commission declines to grant a permanent exemption.
The Commission may vary or revoke this temporary exemption at any time in accordance with section 81 (5) of the EIR Act.
The temporary exemption takes effect from the date of publication of this notice in the New Zealand Gazette.