Jargon Buster

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

FTM

Fixed-to-mobile

G

GSM

Global System for Mobile communications; a digital, second generation mobile phone standard

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

Individual price-quality path
Individual price-quality path regulation sets the maximum allowable revenues and required quality of supply standards for Transpower.
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 Chorus' 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 Chorus’ 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

W

WACC

Weighted average cost of capital - the weighted average of the expected cost of equity and the expected cost of debt

WCDMA

Wideband Code Division Multiple Access - third generation mobile phone standard