New Zealand Legislation: Acts
Acts are laws made by Parliament
(1) For the purposes of this Act, substantial customer, in relation to an airport company, means any person that paid, or was liable to pay, that airport company in relation to identified airport activities in that airport company's last accounting period an amount that exceeded 5% of the revenue paid or payable to that airport company during that accounting period in relation to those activities.
(2) A person is deemed to be a substantial customer of an airport company for the purposes of this Act if—
(a) that person has been authorised in writing to represent, and exercise the powers of a substantial customer under this Act in relation to, a number of persons that in aggregate paid, or were liable to pay, that airport company in relation to identified airport activities in the airport company's last accounting period an amount that exceeded 5% of the revenue paid or payable to that airport company during that accounting period in relation to those activities; and
(b) that person has produced those authorisations to that airport company for inspection by it; and
(c) those authorisations have not been withdrawn.
(3) A person who is deemed to be a substantial customer under subsection (2) may exercise all the powers of a substantial customer under this Act and any regulations made under this Act and must be treated in all respects as if that person were a substantial customer.
Section 2A: inserted, on 26 November 1998, by section 3 of the Airport Authorities Amendment Act 1997 (1997 No 90).
