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Commerce Act 1986

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

53O: Section 52P determination to set out requirements of default price-quality paths

You could also call this:

"Rules for setting prices and quality standards for certain goods and services"

Illustration for Commerce Act 1986

When default price-quality regulation applies to certain goods or services, the section 52P determination must include some key details. You need to know what the starting prices are for the goods or services during the first regulatory period. The determination must also outline the rate of change in prices, compared to the Consumers Price Index, during this period.

The section 52P determination must set out the quality standards for the first regulatory period. You should also be aware of the date when the default price-quality path takes effect. There are specific dates to keep in mind, such as when proposals for customised price-quality paths are due and when compliance must be demonstrated, as outlined in section 53N.

The determination provides a framework for default price-quality paths, including the dates by which certain actions must be taken.

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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=DLM1685620.

Topics:
Business > Industry rulesMoney and consumer rights > Consumer protection
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53N: Monitoring compliance with price-quality paths, or

"The Commission checks if companies are following the rules about prices and quality."

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53P: Resetting starting prices, rates of change, and quality standards, or

"The law says the Commission must update important numbers like prices and standards before a new regulatory period starts."

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

53OSection 52P determination to set out requirements of default price-quality paths

  1. If default price-quality regulation applies to regulated goods or services, the section 52P determination must set out a default price-quality path that includes—

  2. the starting prices that apply to the supply of the goods or services during the first regulatory period; and
    1. the rate or rates of change in prices, relative to the Consumers Price Index, allowed during the first regulatory period; and
      1. the quality standards that apply during the first regulatory period; and
        1. the date or dates on which the default price-quality path (or any part of it) takes effect; and
          1. the annual date by which any proposal for a customised price-quality path must be received; and
            1. the annual date by which compliance must be demonstrated in accordance with section 53N.

              Notes
              • Section 53O: inserted, on , by section 4 of the Commerce Amendment Act 2008 (2008 No 70).
              • Section 53O(b): amended, on , by section 107(1) of the Data and Statistics Act 2022 (2022 No 39).