Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Gas Control Inquiry - one month extension

5 October 2004

Gas Control Inquiry: Commission receives one month extension

The Commerce Commission has received a one month extension to complete its analysis for its report on whether gas pipeline services should be controlled. The Commission requested and received the extension from the Minister of Energy, Hon Pete Hodgson, and will now report its final recommendations to the Minister on 29 November 2004.

The Commission released its draft report in May 2004. On the basis of information available at that time, the Commission’s preliminary view was that control should be imposed on two gas transmission businesses and three gas distribution businesses.

During consultation on the Commission’s draft report, a number of parties suggested that some of the tax numbers provided by the gas pipeline businesses did not correctly incorporate the interest tax shield. The Commission considered this matter and earlier this month released a discussion paper that outlined how the Commission would treat tax in preparing its final recommendations.

Submissions on that paper closed last week and the Commission requires additional time to investigate these and other matters raised by parties before completing its final report.

The Minister requested the Commission to undertake the Gas Control Inquiry in April 2003. The Commission has been requested to report on whether goods and services supplied by persons in markets directly related to either a gas transmission system or a gas distribution system or both (gas services) should be controlled.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news