Part 10Regulations and miscellaneous provisions
Regulations: Information disclosure
411Regulations requiring information disclosure by specified aviation participants
The Governor-General may, by Order in Council, on the recommendation of the Minister, make regulations for any or all of the following purposes:
- requiring a specified aviation participant to make publicly available in the prescribed manner prescribed information in relation to any or all of its specified aviation activities, which may include, without limitation, information about—
- prices, terms, and conditions:
- costs, pricing policies, and pricing methodologies:
- cost allocation policies and methodologies:
- prices, terms, and conditions:
- requiring a specified aviation participant to prepare and make publicly available in the prescribed manner prescribed financial statements—
- in relation to the aviation participant; and
- in relation to any of the aviation participant’s subsidiaries or any part or division of the participant (whether or not including subsidiaries), as if the subsidiary or part or division were a separate and unrelated entity:
- in relation to the aviation participant; and
- prescribing the manner in which the information and financial statements must be made publicly available:
- requiring that the information and financial statements must be provided to the Secretary or any other person in the prescribed manner:
- prescribing the manner in which the information and financial statements must be provided to the Secretary or any other person:
- prescribing any standard or standards that the prescribed financial statements must comply with:
- prescribing any methodology or methodologies that must be used in preparing prescribed financial statements:
- prescribing requirements relating to audit, assurance, approval or certification of the information or financial statements:
- exempting, or providing for the exemption of, any person or persons, or any class or classes of persons, from all or any of the requirements of the regulations.
Regulations made under this section do not apply to a specified airport company within the meaning of section 56A of the Commerce Act 1986.
Regulations made under this section are secondary legislation (see Part 3 of the Legislation Act 2019 for publication requirements).
In this section,—
specified aviation activities means,—
- in the case of an airport operator, identified aerodrome activities:
- in the case of a provider of an air traffic service, air traffic services
specified aviation participant means,—
- subject to subsection (2), every aviation participant who is an airport operator; and
- every aviation participant who provides an air traffic service.
- in the case of an airport operator, identified aerodrome activities:
Compare
- 1966 No 51 s 9A