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Electricity Industry Act 2010

Electricity industry governance - Electricity Industry Participation Code - Application of other Acts

44C: Interpretation

You could also call this:

“Explaining what important words mean in this part of the electricity law”

In sections 44D to 44F of this law, there are two important ideas you need to understand:

  1. Corporate separation: This means keeping different types of companies in the electricity industry separate from each other. If a rule in the Code talks about this or is related to this idea, we say it “relates to corporate separation”.

  2. Arm’s-length rules: These are rules that make sure companies act fairly and independently when they deal with each other. If a rule in the Code says someone must follow these arm’s-length rules, or if it’s connected to such a rule, we say it “relates to arm’s-length rules”.

These definitions help explain what we mean when we talk about these topics in the next few sections of the law.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS747957.

Topics:
Business > Industry rules Environment and resources > Climate and energy
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44B: Minister may amend Code to include specified matters, or

"Minister can update electricity rules to make things fairer for everyone"

Next

44D: Not interconnected under Commerce Act 1986, or

"Companies following electricity rules are treated as separate businesses under competition law"

Part 2 Electricity industry governance
Electricity Industry Participation Code: Application of other Acts

44CInterpretation

  1. In sections 44D to 44F, a provision in the Code—

  2. relates to corporate separation if it requires corporate separation between classes of industry participants, or relates to such a provision; and
    1. relates to arm’s-length rules if it requires a person to comply with arm’s-length rules, or relates to such a provision.

      Notes
      • Section 44C: inserted, on , by section 20 of the Electricity Industry Amendment Act 2022 (2022 No 46).