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Commerce Act 1986

Regulated goods or services - Default/customised price-quality regulation

53L: Overview of default/customised price-quality regulation

You could also call this:

"Rules for fair prices and quality of goods and services"

Illustration for Commerce Act 1986

When goods or services are subject to default or customised price-quality regulation, the Commission sets default price-quality paths. You must follow these paths if you are a regulated supplier. The Commission sets these paths for a regulatory period. You can ask the Commission for a customised price-quality path if you are a supplier.

If you ask for a customised path, the Commission might set one for you. This customised path would apply instead of the default path for a set period. This section is just a guide to help you understand the rules.

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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=DLM1685616.

Topics:
Business > Industry rulesBusiness > Fair tradingMoney and consumer rights > Consumer protection
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53K: Purpose of default/customised price-quality regulation, or

"Helping suppliers set fair prices and good quality for their goods and services"

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53M: Content and timing of price-quality paths, or

"What suppliers can charge and the quality they must provide"

Part 4Regulated goods or services
Default/customised price-quality regulation

53LOverview of default/customised price-quality regulation

  1. If goods or services are subject to default/customised price-quality regulation,—

  2. the Commission sets default price-quality paths that apply for a regulatory period, and all regulated suppliers must apply those default price-quality paths; but
    1. individual suppliers may make a proposal to the Commission for a customised price-quality path; and
      1. the Commission may set a customised price-quality path for the supplier, and that then applies for a set period instead of a specified default price-quality path.

        1. This section is only a guide.

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