Commerce Act 1986

Regulated goods or services - Information disclosure regulation

53D: Consolidated information may also be required

You could also call this:

"You might need to share extra information about your business to help the Commission check the rules."

Illustration for Commerce Act 1986

The Commission wants to make sure people follow the rules about sharing information on regulated goods or services. You might need to give them extra information to help them do this. If you sell goods or services that are not regulated, you might need to share financial information about all your businesses, including the ones that are not regulated, or about all the unregulated goods or services you sell together.

You might also need to explain how the information about your unregulated goods or services relates to the information you share about your regulated goods or services. If you sell more than one type of regulated goods or services, the Commission might ask you to share information about all of them, or about some of them together.

The Commission can ask you to share this information under a section 52P determination, and it might also refer to information in section 53C.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1685605.


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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"


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53E: Charge for providing copies to public, or

"Paying for copies of information you ask for"

Part 4Regulated goods or services
Information disclosure regulation

53DConsolidated information may also be required

  1. The purpose of this section is to enable the Commission to monitor compliance with information disclosure regulation applying to regulated goods or services.

  2. A section 52P determination may require information referred to in subsection (3) to be disclosed only to the extent required to enable the purpose in subsection (1) to be met.

  3. If a regulated supplier provides goods or services that are not subject to regulation under this Part (unregulated goods or services), the supplier may be required to disclose—

  4. consolidated financial statements, and any other information referred to in section 53C, for all businesses (including those related to the supply of unregulated goods or services) undertaken by that supplier; and
    1. consolidated financial statements, and any other information referred to in section 53C, for the supply of all unregulated goods or services in aggregate; and
      1. reconciliation between information provided under paragraphs (a) and (b) with information disclosed in accordance with information disclosure requirements applying to the regulated goods or services.
        1. If a supplier supplies more than 1 kind of regulated goods or services, the Commission may require the supplier to provide consolidated information and performance measures relating to all, or any combination of, the regulated goods or services.

        Notes
        • Section 53D: inserted, on , by section 4 of the Commerce Amendment Act 2008 (2008 No 70).