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Commerce Act 1986

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

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

You could also call this:

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

Illustration for Commerce Act 1986

If you make a proposal to the Commission for a customised price-quality path, you cannot withdraw it. You will be bound by any customised price-quality path that the Commission sets for you, for the regulatory period it applies to. This means you have to follow the path the Commission decides on.

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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=DLM1685625.

Topics:
Money and consumer rights > Consumer protectionBusiness > Industry rules
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53Q: Supplier may propose customised price-quality path, or

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

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53S: Preliminary assessment of proposal, or

"First check of your business idea to see if it meets the rules"

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

53REffect of making proposal for customised price-quality path

  1. A supplier that makes a proposal to the Commission—

  2. cannot withdraw the proposal; and
    1. is bound, for the regulatory period to which it applies, by any customised price-quality path that the Commission subsequently sets for the supplier.

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