52A Purpose of Part

(1)

The purpose of this Part is to promote the long-term benefit of consumers in markets referred to in section 52 by promoting outcomes that are consistent with outcomes produced in competitive markets such that suppliers of regulated goods or services—

(a)

have incentives to innovate and to invest, including in replacement, upgraded, and new assets; and

(b)

have incentives to improve efficiency and provide services at a quality that reflects consumer demands; and

(c)

share with consumers the benefits of efficiency gains in the supply of the regulated goods or services, including through lower prices; and

(d)

are limited in their ability to extract excessive profits.

(2)

In this Part, the purpose set out in subsection (1) applies in place of the purpose set out in section 1A.

Section 52A: inserted, on 14 October 2008, by section 4 of the Commerce Amendment Act 2008 (2008 No 70).