Commerce Act 1986

Regulated goods or services - Information disclosure regulation

53B: Effect of being subject to information disclosure regulation

You could also call this:

"What happens when you have to share information about your goods or services with the public and the Commission"

Illustration for Commerce Act 1986

If you supply goods or services that have to follow information disclosure rules, you must do a few things. You have to make certain information public, as stated in the section 52P rules. You also have to give the Commission a copy of this information within five working days of making it public.

You will also have to give the Commission any other information they ask for, so they can check you are following the section 52P rules. The Commission can look at all the information you make public and analyse it. They have to publish a summary and analysis of the information, so people can understand how well you and other suppliers are performing.

The Commission can also look at how well the information disclosure rules are working, and include this in their summary and analysis.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1685603.


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53A: Purpose of information disclosure regulation, or

"Making sure you get the information you need to see if the law is working properly."


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53C: Section 52P determination to set out information disclosure requirements, or

"A rule that says what information companies must share when they sell regulated goods or services"

Part 4Regulated goods or services
Information disclosure regulation

53BEffect of being subject to information disclosure regulation

  1. Every supplier of goods or services that are subject to information disclosure regulation must—

  2. publicly disclose information in accordance with the information disclosure requirements set out in the relevant section 52P determination; and
    1. supply to the Commission a copy of all information disclosed in accordance with the section 52P determination, within 5 working days after the information is first made publicly available; and
      1. supply to the Commission, in accordance with a written notice by the Commission, any further statements, reports, agreements, particulars, or other information required for the purpose of monitoring the supplier’s compliance with the section 52P determination.
        1. If a supplier of goods or services is subject to information disclosure regulation, the Commission—

        2. may monitor and analyse all information disclosed in accordance with the information disclosure requirements; and
          1. must, as soon as practicable after any information is publicly disclosed, publish a summary and analysis of that information for the purpose of promoting greater understanding of the performance of individual regulated suppliers, their relative performance, and the changes in performance over time.
            1. To avoid doubt, the Commission may, as part of a summary and analysis, include an analysis of how effective the information disclosure requirements imposed on the goods or services are in promoting the purpose of this Part.

            Notes
            • Section 53B: inserted, on , by section 4 of the Commerce Amendment Act 2008 (2008 No 70).
            • Section 53B(3): inserted, on , by section 8 of the Commerce Amendment Act 2018 (2018 No 42).