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Telecommunications Act 2001

Telecommunications service obligations - Amounts payable by liable persons to the Crown - Annual procedure for determining amounts payable by liable persons to the Crown

80: Interpretation

You could also call this:

"What special words mean in this law"

Illustration for Telecommunications Act 2001

In this part of the law, some words have special meanings. A financial reporting standard means what it says in section 5(1) of the Financial Reporting Act 2013. You can find the meaning of financial statements in section 6 of the Financial Reporting Act 2013, unless section 79 applies. Minimum telecommunications revenue is $10 million, or another amount set by regulations, of the money a liable person gets for supplying telecommunications services. This can be by means of its own network or by means that rely on its network or another network. You can find more information about group financial statements in section 7 of the Financial Reporting Act 2013.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM126879.

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Part 3Telecommunications service obligations
Amounts payable by liable persons to the Crown: Annual procedure for determining amounts payable by liable persons to the Crown

80Interpretation

  1. In this subpart, unless the context otherwise requires,—

    financial reporting standard has the same meaning as in section 5(1) of the Financial Reporting Act 2013

      financial statements—

      1. has the same meaning as in section 6 of the Financial Reporting Act 2013, unless section 79 applies; and
        1. if section 79 applies and an applicable financial reporting standard requires the bodies corporate to produce group financial statements (within the meaning of section 7 of the Financial Reporting Act 2013), means those financial statements

          minimum telecommunications revenue means $10 million, or such other amount, as may be prescribed by regulations made under section 101(1)(a), of gross revenue (as may be determined in accordance with any specifications set by the Commission) that a liable person receives during a financial year for supplying either or both of the following (excluding any amount paid to a liable person by the Crown as compensation for the cost of complying with a TSO instrument that contains a specified amount):

          1. telecommunications services by means of its PTN:
            1. telecommunications services by means that rely primarily on the existence of its PTN or any other PTN.

            Notes
            • Section 80: substituted, on , by section 15 of the Telecommunications (TSO, Broadband, and Other Matters) Amendment Act 2011 (2011 No 27).
            • Section 80 financial reporting standard: inserted, on , by section 8 of the Telecommunications (Property Access and Other Matters) Amendment Act 2017 (2017 No 16).
            • Section 80 financial statements: replaced, on , by section 8 of the Telecommunications (Property Access and Other Matters) Amendment Act 2017 (2017 No 16).