Plain language law

New Zealand law explained for everyone

Commerce Act 1986

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

53Q: Supplier may propose customised price-quality path

You could also call this:

"Suppliers can ask to set their own prices and quality standards instead of using the standard ones."

Illustration for Commerce Act 1986

If a default price-quality path is set by the Commission, you can propose a customised price-quality path to the Commission at any time. You must follow the rules outlined in section 52T(1)(d) and make your proposal within the time frame specified in the section 52P determination. Your proposal must also include the standard application fee and use all relevant input methodologies.

You can only make one proposal during a regulatory period, and you cannot make a proposal in the 12 months before a default price-quality path is due to be reset. When you make a proposal, you must make it publicly available as soon as possible after you have given it to the Commission.

You have to pay attention to the rules and time frames when making a proposal for a customised price-quality path.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

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=DLM1685624.

Topics:
Business > Industry rulesMoney and consumer rights > Consumer protection
Previous

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."

Next

53R: Effect of making proposal for customised price-quality path, or

"What happens when you ask to set your own prices and quality standards"

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

53QSupplier may propose customised price-quality path

  1. At any time after a default price-quality path is set by the Commission, a supplier that is (or is likely to be) subject to the default price-quality path may make a proposal to the Commission for a customised price-quality path to apply to that supplier.

  2. Every proposal must—

  3. comply with the input methodologies referred to in section 52T(1)(d) relating to the process for, and content of, customised price-quality path proposals; and
    1. be made within the period, or by the annual date, specified for the purpose in the section 52P determination; and
      1. include the standard application fee for customised price-quality path proposals; and
        1. apply or adopt all relevant input methodologies.

          1. A supplier may make only 1 proposal during a regulatory period, and may not make a proposal within the 12 months before a default price-quality path is due to be reset.

          2. A supplier that makes a proposal must make it publicly available as soon as practicable after it has been made to the Commission.

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