The Commerce Commission ("Commission"), pursuant to section 81 of the Electricity Industry Reform Act 1998 ("the EIR Act"), exempts Lloyd Morrison from compliance with section 17 of the EIR Act in respect of the cross-involvement (as that term is defined in
the EIR Act) with Wellington International Airport Limited (for so long as Wellington International Airport Limited continues to be a supply business) and TrustPower Limited
that would be created through his appointment to the position of director of Auckland International Airport Limited outlined in his application for exemption registered by the Commission on 15 October 2007.
The exemption is subject to the following conditions:
(a) Whilst Lloyd Morrison is cross-involved with TrustPower Limited and Auckland International Airport Limited, Lloyd Morrison shall not participate in any discussions or decision making by TrustPower Limited and/or Auckland International Airport Limited regarding matters that relate to or could affect or favour the supply of electricity by TrustPower Limited (or disadvantage any
other electricity supply business other than TrustPower Limited) on Auckland International Airport Limited's electricity distribution network or the provision of electricity lines services by Auckland International Airport Limited to TrustPower Limited, including:
(i) the selection of, and any negotiation with, any electricity retailer for the supply, or intended supply, of electricity to Auckland International Airport Limited; and
(ii) the supply, or intended supply, of electricity by TrustPower Limited to any new, or existing, consumers on Auckland International Airport Limited's electricity distribution network;
and shall not disclose the outcomes of any discussions or decision making by Auckland International Airport Limited to TrustPower Limited (and vice versa) on those matters; and
(b) this exemption is specific to the cross-involvements created through Lloyd Morrison's involvement in Auckland International Airport Limited. It does not extend to any other interest or existing or future cross-involvement of Lloyd Morrison.
The exemption takes effect from the date of publication of this notice in the New Zealand Gazette.
The Commission may vary or revoke the exemption in accordance with s 81(5) of the
EIR Act.