Under Part 2B of the Act, the Commission must require Telecom (as defined by section 5 of the Act) to prepare and disclose information about the operation and behaviour of its network, wholesale and retail activities as if they were operated as independent or unrelated companies. The Act gives the Commission discretion to determine what information Telecom must provide, including the methodologies to be used in preparing the information. The information to be disclosed may include, among other things, cost information, asset valuations and non-financial performance measures.
History
The Commission's first regulatory reporting requirements were issued on 25 March 2009 following periods of public consultation in 2008 and 2009.
On 18 May 2010, the Commission published its Decision on Changes to the Telecom Regulatory Financial Statements Information Disclosure Requirements along with its new Telecom Accounting Separation Information Disclosure Requirements.
Telecom has published regulatory financial statements and regulatory reporting manual for the financial years ending 30 June 2009 and 30 June 2010. These are available on Telecom's website.
On 15 April 2010, the Commission published its first summary and analysis (PDF) of Telecom's regulatory financial statements for 2009/10.
On 3 May 2011, the Commission published its second summary and analysis (PDF) which relates to Telecom's regulatory financial statements for 2010/11.
In 2011, Section 47 of the Telecommunications (TSO, Broadband, and Other Matters ) Amendment Act 2011 discontinued accounting separation by repealing section 69ZB of Part2 of the Act.
The Summary and Analysis dcouments are intended to promote greater understanding of Telecom's operations and behaviour, and any changes over time.
Summary and Analysis of Telecom's Regulatory Financial Statements
The Commerce Commission published two documents containing summary and analysis relating to Telecom's regulatory financial statements.
2011 Telecommunications Regulatory Reporting Requirements
Section 47 of the Telecommunications (TSO, Broadband, and Other Matters) Amendment Act 2011 discontinued accounting separation by repealing section 69ZB of Part 2 of the Act.
Accordingly, the Commission will not be proceeding further with changes to the regulatory reporting requirements for 2010/11.
As a result, the Commission will not require Telecom to republish its Regulatory Financial Statements for the Financial Year Ended 30 June 2010 as set out in the Commission's Summary and Analysis of the 2010 regulatory Accounts.
2010 Telecommunications Regulatory Reporting Requirements
On 15 April 2010 the Commission published consultation documents on the proposed changes to the regulatory reporting requirements and called for submissions.
2009 Requirements and Consultation Process
The Commission published the first set of requirements for regulatory reporting on 25 March 2009.
