New Zealand Legislation: Acts

17E Corporate separation and arm’s-length rules imposed

• (1) Every person or persons who carry on a connected electricity business must carry on the business involving the relevant line in a different company from the company that carries on the business involving the qualifying generation or the selling to connected customers.

  (2) Every person who is involved in either of the connected electricity businesses must comply, and ensure that the person’s electricity businesses comply, with the arm’s-length rules.

  Section 17E: inserted, on 14 October 2008, by section 10 of the Electricity Industry Reform Amendment Act 2008 (2008 No 71).