Bills are proposed Acts
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Hon David Parker
Government Bill
191—1
Explanatory note
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6 Sections 4 and 5 repealed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 and 7 substituted
6 Meaning of business A and business B
7 Meaning of involved
8 New headings and sections 17 to 17F substituted
Ownership separation
17 Ownership restrictions on connected electricity businesses
17A Connected generation cap rule
17B Small or encouraged connected generation not counted for purpose of connected generation cap
17C Connected customers selling cap rule
Corporate separation and arm’s-length rules
17D When corporate separation and arm’s-length rules apply
17E What corporate separation and arm’s-length rules require
Exemption for Transpower
17F Exemption for Transpower New Zealand Limited for purpose of deferring investment in national grid
9 Section 18 repealed
10 New heading above section 19 substituted
11 Certain businesses and involvements to be disregarded
12 Sections 22 to 46C and headings repealed
13 Inadvertent contraventions
14 Court may order divestiture of assets or voting securities
15 Application of Commerce Act 1986 and Crown Entities Act 2004 provisions
16 Part 4 repealed
17 Disclosure regime
18 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
19 Sections 71 to 79 and heading above section 71 repealed
20 Not interconnected under Commerce Act 1986
21 Sections 84 and 85 repealed
22 Regulations
23 Part 8 repealed
24 Schedule 1 amended
7
8
9
Part 2Amendments to other Acts and transitional provision
25 Consequential amendments to Commerce Act 1986
26 New sections 57DAA and 57DAAB inserted
57DAA Meaning of electricity lines business
57DAAB Meaning of electricity supply business
27 Consequential amendment to Electricity Act 1992
28 Saving of existing exemptions
The Parliament of New Zealand enacts as follows:
