Electricity Media Releases

Commission exempts Colonial's property activities from the Electricity Industry Reform Act

28 October 1999

The Commerce Commission has given an exemption under section 81 of the Electricity Industry Reform Act (the EIR Act) to Colonial First State Property (NZ) Limited (CFSPL) and certain other New Zealand subsidiaries of the Colonial Group and persons which are involved with Colonial's property investment activities in New Zealand. The exemption is from the application of certain sections of the EIR Act for specified property investment and management activities which relate to the Colonial Group in New Zealand.

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Relates to: Electricity