The Commerce Commission (“Commission”) gives notice that it has amended the information disclosure determination applicable to specified airport services under Part 4 of the Commerce Act 1986 (“Act”).

The amended determination is the Commerce Act (Specified Airport Services Information Disclosure) Determination 2010 (Decision 715, 22 December 2010).

The amendment, made under section 52Q of the Act, is set out in the Airport Services Information Disclosure Amendments Determination 2016 [2016] NZCC 29.

The amendment:

• makes a number of changes to the disclosure requirements that will improve the transparency and timeliness of the information disclosed about airport charging;
• requires that airports disclose a forward-looking profitability indicator following price-setting events to help improve stakeholder understanding of the profitability being targeted by airports at periodic price setting events;
• requires that airports explain why their target return differs from their cost of capital estimate, and that airports explain and evidence why their cost of capital estimate should differ from the Commission’s cost of capital estimate to the extent it does; and
• makes a number of other minor refinements to the information disclosure requirements for airports.

Copies of the amendment, and reasons papers, are available on the Commission’s website at

www.comcom.govt.nz/input-methodologies-review/

and for inspection free of charge, or for purchase at a reasonable price, at the Commission’s office at 44 The Terrace, Wellington (during ordinary office hours).

Dated at Wellington this 22nd day of December 2016.

COMMERCE COMMISSION.