Specified airport services have the meaning given to them in section 55A of the Act. The specified suppliers are the companies operating Auckland, Christchurch and Wellington International Airports.
The Commission must make a determination specifying how information disclosure regulation applies to each airport company no later than 1 January 2011. Â Until the Commission makes this determination, the information disclosure requirements made under the Airport Authorities Act 1966, i.e. Airport Authorities (Airport Companies Information Disclosure) Regulations 1999, continue to apply.
The Commission’s determination may require suppliers to disclose certain specified information relevant to their performance (such as financial statements, prices and quality performance measures), including forward-looking information (such as forecasts and asset management plans).
The purpose of this form of regulation is to ensure that sufficient information is readily available to interested persons to assess whether the purpose of Part 4 is being met.
Published documents can be viewed on the page Approach to Information Disclosure Regulation.
Project Timeline
The Commission is required to make a determination specifying how information disclosure regulation applies to each airport company by no later than 1 January 2011.
|
Industry |
Key Step |
|---|---|
| Technical consultation on Determination | To be decided following receipt of submissions and cross submissions on Draft Reasons Paper and Draft Determinations |
|
Release of Final Determination |
Week of 7 December 2010 |
Next Steps
Airports Information Disclosure Technical Working Session for Specified Airport Services to be held 13 September 2010
