New Zealand Legislation: Acts

43S Supplementary empowering provision for regulations and rules

• (1) Any regulations or rules made under this subpart may—

  • (a) provide for 1 or more persons or bodies or groups of persons to carry out functions in relation to those regulations or rules, and for matters concerning their establishment, constitution, functions, members (including their appointment, removal, duties, and protection from liability), procedures, employees, administration and operation, funding by industry participants, and reporting requirements:

  • (b) provide for systems, processes, and procedures (including dispute resolution procedures), and the keeping, supply, and disclosure of information, in relation to any of the matters specified in this subpart:

  • (c) prescribe the form and manner in which information is to be disclosed:

  • (d) require disclosed information, or information from which disclosed information is derived (in whole or in part), to be certified, in the prescribed form and manner, by persons belonging to any specified class of persons:

  • (e) prescribe when and for how long information must be disclosed:

  • (f) exempt or provide for exemptions (including provide for the revocation of exemptions), on any terms and conditions, of any person or class of persons from all or any of the requirements in regulations or rules made under this subpart:

  • (fa) exempt or provide for exemptions (including provide for the revocation of exemptions), on any terms and conditions, of any class of persons from all or any of the requirements in sections 43EA to 43EC (which relate to dispute resolution):

  • (g) provide for the supply of information for the purpose of administration and enforcement of this Act, and regulations and rules made under this Act:

  • (h) provide for transitional provisions:

  • (i) provide for any other matters contemplated by this Act or necessary for its administration or necessary for giving it full effect.

  (2) Regulations or rules that may be made in respect of all industry participants or classes of industry participants may be made in respect of all or any of the persons in that class and in respect of all or part of their business.

  (3) In this subpart, unless the context otherwise requires, terms and conditions includes both contractual matters and other types of arrangements and requirements.

  Section 43S: inserted, on 18 October 2004, by section 5 of the Gas Amendment Act 2004 (2004 No 83).

  Section 43S(1)(fa): inserted, on 1 November 2010, by section 166 of the Electricity Industry Act 2010 (2010 No 116).