New Zealand Legislation: Regulations
Regulations are laws made under Acts
(1) The discount rate used by new co-op in calculating annualised share values must be the same as the cost of capital rate used by new co-op in calculating the price of a co-operative share as at 1 June in the relevant season.
(2) If new co-op does not use a cost of capital rate in calculating the price of a co-operative share, the Commission must set a discount rate for calculating annualised share value and new co-op must use that rate.
(3) In setting a discount rate under subclause (2), the Commission must have regard to whatever relevant information is—
(a) used by new co-op in calculating the price of a co-operative share; and
(b) made available to the Commission.