1 Title
2 Commencement
Part 1Amendments to principal Act
3 Principal Act amended
4 Purpose
5 Interpretation
6 Sections 4 and 5 repealed
7 New sections 6 to section 7A substituted
6 Meaning of business A and business B
7 Meaning of involved
7A How to measure involvement
8 Meaning of material influence
9 Meaning of associate
10 New headings and sections 17 to 17G substituted
Ownership separation
17 Ownership restrictions
Connected generation and connected customers selling caps
17A Connected generation cap rule
17B Small or encouraged connected generation
17C Connected customers selling cap rule
Corporate separation and arm’s-length rules
17D Threshold for corporate separation and arm's-length rules
17E Corporate separation and arm’s-length rules imposed
Use-of-systems agreements rules for businesses with 5 MW or more of connected generation
17F Use-of-systems agreements rules for businesses with 5 MW or more of connected generation
Exemption for Transpower
17G Exemption for Transpower New Zealand Limited for purpose of deferring investment in national grid
11 Section 18 repealed
12 New heading above section 19 substituted
13 Certain businesses and involvements to be disregarded
14 Sections 22 to 46C and headings repealed
15 Inadvertent contraventions
16 Court may order divestiture of assets or voting securities
17 Application of Commerce Act 1986 and Crown Entities Act 2004 provisions
18 Part 4 repealed
19 Disclosure regime
20 New sections 70A and 70B inserted
70A Disclosure as to electricity sold to connected customers within local network area
70B Directors must report compliance with arm’s-length rules
21 Sections 71 to 79 and heading above section 71 repealed
22 Not interconnected under Commerce Act 1986
23 Sections 84 and 85 repealed
24 Regulations
25 Part 7 repealed
26 Part 8 repealed
27 Schedule 1 substituted
Part 2Amendments to other Acts and transitional provision
28 Consequential amendments to Commerce Act 1986
29 New sections 57DAA and 57DAAB inserted
57DAA Meaning of electricity lines business
57DAAB Meaning of electricity supply business
30 Consequential amendments to Electricity Act 1992
31 Saving of existing exemptions
Schedule New Schedule 1 substituted
Legislative history
The Parliament of New Zealand enacts as follows: