Price setting event 3 (PSE3) for Auckland and Christchurch

The Commission is currently undertaking summary and analysis of information disclosed by Auckland International Airport Limited (Auckland Airport) and Christchurch International Airport Limited (Christchurch Airport).

Auckland and Christchurch Airports have set the prices that will apply during the period 1 July 2017 to 30 June 2022. The Commission received the price setting disclosure information from both airports in August 2017. This disclosure is the third of its kind for both Auckland and Christchurch Airports since information disclosure requirements were set under Part 4. This third price setting event is referred to as PSE3.

Project timeline

Type Description Indicative date/s
Completed Process and Issues paper issued 24/10/2017
Completed Submissions on process and issues paper due 28/11/2017
Completed Cross-submissions on process and issues paper due (process, timing and changes to proposed scope) 12/12/2017
Completed Cross-submissions on process and issues paper due (issues and questions raised in the paper) 19/12/2017
Completed Cross-submissions on process and issues paper due (expert reports) 26/01/2018
Completed Draft report – Auckland Airport 26/04/2018
Completed Submissions on draft report due – Auckland Airport 29/05/2018
Completed Cross-submissions on draft report due – Auckland Airport 26/06/2018
Draft Draft report – Christchurch Airport 19/07/2018
Consultation Submissions on draft report due – Christchurch Airport 16/08/2018
Consultation Cross-submissions on Auckland Airport draft report due – AIAL's expected returns in light of CIAL's expected returns relative to WACC 23/08/2018
Consultation Cross-submissions on draft report due – Christchurch Airport 06/09/2018
Final Final report – Auckland Airport 01/10/2018 - 31/10/2018
Final Final report – Christchurch Airport 01/10/2018 - 31/10/2018

Disclaimer

These dates are not official and may change. Please see the Terms and Conditions for further limitations.

Documents

Cross-submissions on draft report for review of Auckland Airport’s PSE3

28/06/2018 (9 documents)

A4ANZ – Cross-submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 - June 2022) – 25 June 2018 PDF (311 KB)
Published on 28 June 2018
AIAL – Cross-submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 - June 2022) – 26 June 2018 PDF (3.4 MB)
Published on 28 June 2018
AIAL – Appendix Cross-submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 - June 2022) – 26 June 2018 Microsoft Excel Spreadsheet (19 KB)
Published on 28 June 2018
Air NZ – Cross-submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 - June 2022) – 26 June 2018 PDF (714 KB)
Published on 28 June 2018
BARNZ – Cross-submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 - June 2022) – 26 June 2018 PDF (373 KB)
Published on 28 June 2018
BARNZ – Review of aspects of AIAL's beta for the PSE3 pricing decision (TBD Advisory) – 26 June 2018 PDF (820 KB)
Published on 28 June 2018
CIAL – Cross-submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 - June 2022) – 26 June 2018 PDF (661 KB)
Published on 28 June 2018
NZ Airports – Cross-submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 - June 2022) – 26 June 2018 PDF (62 KB)
Published on 28 June 2018
Qantas Group – Cross-submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 - June 2022) – 25 June 2018 PDF (129 KB)
Published on 28 June 2018

Submissions on draft report for review of Auckland Airport’s PSE3

30/05/2018 (16 documents)

A4ANZ – Submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 – June 2022) – 29 May 2018 PDF (318 KB)
Published on 30 May 2018
Air NZ – Submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 – June 2022) – 29 May 2018 PDF (560 KB)
Published on 30 May 2018
AIAL – Submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 – June 2022) – 29 May 2018 PDF (1.5 MB)
Published on 30 May 2018
AIAL – Attachment – Appendix A: Responses on specific Commerce Commission questions / comments PDF (45 KB)
Published on 30 May 2018
AIAL – Attachment – Appendix B: Target returns extract from AIAL’s final pricing decision reasons paper – 8 June 2017 PDF (322 KB)
Published on 30 May 2018
AIAL – Attachment – Appendix C: Summary of response to Commission’s logic chain for the implicit asset beta adjustment PDF (73 KB)
Published on 30 May 2018
AIAL – Attachment – Appendix D: First Economics report on AIAL’s estimate of beta – May 2018 PDF (146 KB)
Published on 30 May 2018
AIAL – Attachment – Appendix E: NERA response to the Commerce Commission’s view on AIAL’s asset beta PDF (1.8 MB)
Published on 30 May 2018
AIAL – Attachment – Appendix F: FNZC report on AIAL’s WACC PDF (134 KB)
Published on 30 May 2018
AIAL – Attachment – Appendix G: Westpac letter on financial risk profile assessment – 18 May 2018 PDF (27 KB)
Published on 30 May 2018
BARNZ – Submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 – June 2022) – 29 May 2018 PDF (283 KB)
Published on 30 May 2018
CIAL – Submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 – June 2022) – 29 May 2018 PDF (119 KB)
Published on 30 May 2018
NZ Airports – Submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 – June 2022) – 29 May 2018 PDF (139 KB)
Published on 30 May 2018
Qantas Group – Submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 – June 2022) – 29 May 2018 PDF (522 KB)
Published on 30 May 2018
Transpower – Submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 – June 2022) – 29 May 2018 PDF (572 KB)
Published on 30 May 2018
WIAL – Submission on draft report for review of Auckland International Airport's pricing decisions and expected performance (July 2017 – June 2022) – 29 May 2018 PDF (243 KB)
Published on 30 May 2018

Cross-submissions on process and issues paper (issues and questions raised in the paper)

21/12/2017 (8 documents)

AIAL – Cross-submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services (issues and questions raised) – 19 December 2017 PDF (3.4 MB)
Published on 21 December 2017
AIAL – Attachment – Appendix A – 19 December 2017 PDF (285 KB)
Published on 21 December 2017
AIAL – Attachment – Appendix B – 19 December 2017 PDF (33 KB)
Published on 21 December 2017
Air NZ – Cross-submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services (issues and questions raised) – 19 December 2017 PDF (781 KB)
Published on 21 December 2017
CIAL – Cross-submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services (issues and questions raised) – 19 December 2017 PDF (726 KB)
Published on 21 December 2017
NZAA – Cross-submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services (issues and questions raised) – 19 December 2017 PDF (81 KB)
Published on 21 December 2017
WIAL – Cross-submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services (issues and questions raised) – 19 December 2017 PDF (109 KB)
Published on 21 December 2017
BARNZ – Cross-submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services (issues and questions raised) – 15 December 2017 PDF (659 KB)
Published on 21 December 2017

Cross-submissions on process and issues paper (process, scope and timeframes)

14/12/2017 (6 documents)

Air NZ – Cross-submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services (process, scope and timeframes) – 12 December 2017 PDF (763 KB)
Published on 14 December 2017
AIAL – Cross-submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services (process, scope and timeframes) – 12 December 2017 PDF (69 KB)
Published on 14 December 2017
BARNZ – Cross-submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services (process, scope and timeframes) – 12 December 2017 PDF (541 KB)
Published on 14 December 2017
CIAL – Cross-submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services (process, scope and timeframes) – 12 December 2017 PDF (135 KB)
Published on 14 December 2017
NZ Airports – Cross-submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services (process, scope and timeframes) – 12 December 2017 PDF (70 KB)
Published on 14 December 2017
WIAL – Cross-submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services (process, scope and timeframes) – 12 December 2017 PDF (109 KB)
Published on 14 December 2017

Submissions on process and issues paper

29/11/2017 (13 documents)

Qantas Group – Submission on process and issues paper on the review of Auckland and Christchurch Airports third prices setting for airport services – 30 November 2017 PDF (221 KB)
Published on 30 November 2017
Air NZ – Submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services – 28 November 2017 PDF (948 KB)
Published on 29 November 2017
AIAL – Submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services – 28 November 2017 PDF (3.2 MB)
Published on 29 November 2017
BARNZ – Submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services – 28 November 2017 PDF (737 KB)
Published on 29 November 2017
BARNZ – Attachment – Report on issues regarding Auckland Airport's runway land charge – Pat Duignan – 28 November 2017 PDF (140 KB)
Published on 29 November 2017
BARNZ – Attachment – CIAL PSE3 Initial proposal John Small – 28 November 2017 PDF (226 KB)
Published on 29 November 2017
BARNZ – Attachment – CIAL PSE3 Revised proposal John Small – 28 November 2017 PDF (279 KB)
Published on 29 November 2017
BARNZ – Attachment – BARNZ assessment of AIAL PSE3 prices against Part 4 criteria – 28 November 2017 PDF (1.1 MB)
Published on 29 November 2017
BARNZ – Attachment – BARNZ assessment of CIAL PSE3 prices against Part 4 criteria – 28 November 2017 PDF (1014 KB)
Published on 29 November 2017
CIAL – Submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services – 28 November 2017 PDF (873 KB)
Published on 29 November 2017
CIAL – Attachment – PSE3 airline consultation material – 28 November 2017 zip (10 MB)
Published on 29 November 2017
NZ Airports – Submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services – 28 November 2017 PDF (83 KB)
Published on 29 November 2017
WIAL – Submission on process and issues paper on the review of Auckland and Christchurch Airports third price setting for airport services – 28 November 2017 PDF (52 KB)
Published on 29 November 2017