A
- ACCC
Australian Competition and Consumer Commission
- ACPEN
Australasian Consumer Protection Enforcement Network
- Administrative settlement
Commission and company agreeing to pricing levels and quality measures, alternative to regulatory control
- Asset management plan
Principal document that drives asset investment planning of businesses
B
- B&K
Bill-and-Keep - A pricing scheme for the two-way interconnection of two telecommunications networks under which the reciprocal call termination charge is zero - that is, each network agrees to terminate calls from the other network at no charge
- Bill and Keep
A pricing scheme for the two-way interconnection of two telecommunications networks under which the reciprocal call termination charge is zero - that is, each network agrees to terminate calls from the other network at no charge
C
- Cartel
A cartel involves illegal agreements between competitors not to compete with each other, such as price fixing; the restriction of outputs; the allocation of customers, suppliers or territories; and bid rigging.
- CCCF Act
Credit Contracts and Consumer Finance Act
- CDMA
Code Division Multiple Access - a US developed mobile phone standard; originally second generation but upgraded to deliver third generation services to compatible handsets
- Compliance programme
A series of activities that when combined are intended to achieve compliance
- Comply
To meet obligations and rules
- Consumer
A person who buys from a retailer, an end-user
- Consumer Price Index
Index used to measure inflation
- Consumer-owned Electricity Distribution Business
Electricity Distribution Business exempt from price-quality regulation on the basis of the consumer ownership criterion
- cpm
cents per minute
D
- Deceive
To cause to believe what is false, to mislead as to a matter of fact, to lead into error; to delude, take in
- DSL
Digital subscriber line - method of transmitting high speed data and voice simultaneously over a copper phone line
E
- EIR Act
Electricity Industry Reform Act
- EIRA
Electricity Industry Reform Act
- Electricity distribution business
An electricity lines business providing distribution services rather than transmission services
- Electricity lines business
A business defined to be a "large electricity lines business" in the Commerce Act, including Transpower
F
G
H
- Herfindahl-Hirschman Index
A commonly accepted measure of market concentration calculated by squaring the market share of each market participant that has a material number of subscribers and adding these together. The maximum possible score is 10,000.
- HHI
Herfindahl-Hirschman Index: A commonly accepted measure of market concentration calculated by squaring the market share of each market participant that has a material number of subscribers and adding these together. The maximum possible score is 10,000.
I
- Information disclosure
Under Part 4 of the Commerce Act 1986 (subpart 4), sufficient information is to be readily available to interested persons so that they can assess whether the purpose of Part 4 is being met.
- Input methodologies
This involves setting upfront regulatory rules, processes and requirements applying to regulation under Part 4, and for undertaking Part 4 inquiries. For example, rules for valuing assets and calculating the cost of capital.
- IP
Internet Protocol - method that computers use to communicate over the internet
- ISP
Internet Services Provider
- ITU
International Telecommunication Union
M
- Mandatory
Compulsory, a set of rules or guidelines that must be followed
- Market definition
The process of identifying the relevant market for goods or services as well as other goods or services that, as a matter of fact and commercial common sense, is substitutable for them. The market so defined will be the area of close competition between firms.
- Merger
A merger is a combination of two or more business enterprises into a single enterprise. Colloquially, mergers also include business acquisitions which involve the acquisition of assets or shares of a business.
- Mislead
To lead astray in action or conduct, to lead into error, to cause to err; A representation may be literally true but misleading
- MNVO
Company that provides mobile phone service but does not have its own licensed frequency allocation of radio spectrum, nor does it have the entire infrastructure required to provide mobile telephone service
- Mobile Termination Access Service
The hand-over of calls or text messages to a mobile service provider.
- MTAS
Mobile Termination Access Service: The hand-over of calls or text messages to a mobile service provider.
O
- ODV
Optimised Deprival Value; method of asset valuation based on valuing assets at the level at which they can be commercially sustained in the long term
- ODV Handbook
Handbook describing the optimised deprival valuation methodology
- OECD
Organisation for Economic Co-operation and Development
P
- PDN
Public Data Network - data network used, or intended for use, in whole or in part, by the public
- Post-breach inquiry
Process the Commission works through in order to decide whether or not to declare control on a business in a monopoly market
- PPP
Purchasing Power Parity - exchange rate designed to equalise standard of living differences between countries, and is therefore generally accepted as an appropriate conversion method for non-tradable goods and services
- Price-quality path
Under Part 4 of the Commerce Act 1986 (subparts 9 and 10), non-exempt suppliers of electricity lines services, and suppliers of gas pipeline services are subject to default/customised price-quality regulation.
- Purchasing Power Parity
Exchange rate designed to equalise standard of living differences between countries
R
- Regulations
Legislation made under an Act
- Representations
Factual statement made about a product or service; also an impression given by general conduct
- ROI
Return on investment
S
- SAIDI
System Average Interruption Duration Index: This is the average outage duration for each electricity customer served, and is calculated as the sum of all customer duration interruptions divided by the total number of customers served.
- SAIFI
System Average Interruption Frequency Index: This is the average number of interruptions that an electricity customer experiences and is calculated as the total number of customer interruptions divided by the total number of customers served.
- SIM
Subscriber Identity Module - commonly known as a SIM card that contains a microchip that stores data that identifies the user, for use in GSM and compatible 3G mobile phones
- SMS
Short Message Service, commonly known as text messaging, is a service for sending short messages between mobile devices
- Substantially lessening competition
Substantial lessening of competition concerns a real or substantial impact on a market in the way of a lessening, hindering or preventing of the process of workable or effective competition.
- System Average Interruption Duration Index
SAIDI: This is the average outage duration for each electricity customer served, and is calculated as the sum of all customer duration interruptions divided by the total number of customers served.
- System Average Interruption Frequency Index
SAIFI: This is the average number of interruptions that an electricity customer experiences and is calculated as the total number of customer interruptions divided by the total number of customers served.
T
- Telecommunications Service Obligation
TSO: Obligation to supply certain telecommunications services to groups of end-users who may not otherwise be supplied on a commercial basis or at a price that is considered to be affordable.
- TFP
Total factor productivity - change in productivity over time, measured by the change in the ratio of outputs to inputs
- Transpower
Transpower New Zealand Limited; the state-owned enterprise that operates New Zealand's high-voltage transmission network
- TSO
Telecommunications Service Obligations: Obligation to supply certain telecommunications services to groups of end-users who may not otherwise be supplied on a commercial basis or at a price that is considered to be affordable.
U
- UBA
Unbundled Bitstream Access: Regulated service giving wholesale access to Telecom’s DSL full speed broadband service. Commercial variants are also available.
- UCLL
Unbundled copper local loop: Wholesale access to the copper line connecting a phone user to the local exchange.
- UFB
Ultra-Fast Broadband Initiative: The Government has contracted with Chorus, WEL Networks, Northpower and Enable Networks to build and operate Fibre-to-the-premises networks in 75 per cent of New Zealand.
- Ultra-Fast Broadband Initiative
The Government has contracted with Chorus, WEL Networks, Northpower and Enable Networks to build and operate Fibre-to-the-premises networks in 75% of New Zealand.
- UMTS
Universal Mobile Telecommunications System - the 3G successor to the 2G GSM standard; the most common form of UMTS uses W-CDMA as the underlying air interface
- Unbundled bitstream access
UBA: Regulated service giving wholesale access to Telecom’s DSL full speed broadband service. Commercial variants are also available.
- Unbundled Copper Local Loop
UCLL: Wholesale access to the copper line connecting a phone user to the local exchange
V
- VoIP
Voice over Internet Protocol - a way of sending voice calls over a data connection like a broadband connection
