Pursuant to section 52Q of Part 4 of the Commerce Act 1986 ("the Act"), the Commerce Commission ("the Commission") gives the following notice.
On 27 February 2012, the Commission made an amendment ("the Amendment") under section 52Q of the Act to the Commerce Act (Specified Airport Services Information Disclosure) Determination 2010, Decision 715 ("the Determination").
The majority of the changes are clarifications or drafting corrections.
The Amendment contains three major changes to the Determination:
(a) The Director’s certification requirements have
been amended to make it clear that the disclosed information is required only to comply in all material respects with the Determination;
(b) The auditing requirements have been amended so that the audit report is required to be addressed
to Directors, with the auditor acknowledging a duty of care to the Commission;
(c) The period between a price setting event and the required disclosure after a price setting event is increased from 20 to 40 working days.
The Amendment is effective on 1 March 2012.
Copies of the Amendment and the Determination are available for inspection free of charge at the Commission (during ordinary office hours), on the Commission’s website
or for purchase at a reasonable price at the Commission,
44 The Terrace, Wellington.
Dated at Wellington this 1st day of March 2012.
The Commerce Amendment Act 2008 introduced changes
to the Commerce Act 1986 ("the Act"), including a requirement for the Commerce Commission to set information disclosure requirements for suppliers of specified airport services.
The information disclosure requirements were set out
in Commerce Commission Decision 715 and took effect
on 1 January 2011.
The information disclosure requirements must comply
with the Commerce Act (Specified Airport Services Input Methodologies) Determination 2010.