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Milestone reached for airport regulation

Contributor:
Fuseworks Media
Fuseworks Media

Wellington, May 31 NZPA - The Commerce Commission has reached what it calls an important milestone in the setting of a new regulatory regime for airports.

The commission said today it had published its draft decisions and reasons on the input methodologies that would be applied to the information disclosure requirements for airports.

It had also released its draft information disclosure requirements and associated reasons.

The regulatory regime will apply to specified airport services supplied by the companies operating Auckland, Christchurch and Wellington International Airports.

Commission chair Mark Berry said independent international specialists had been engaged to provide their views on what was a totally new regime.

The commission was working to a tight statutory time frame to determine the regime, Dr Berry said.

Following a further round of submissions and cross-submissions, it would issue its final decisions on input methodologies by December 31, and information disclosure for airports by January 1.

Auckland International Airport said it remained committed to ongoing consultation with the commission as it progressed development of an information disclosure regime for airports.

Chief Financial Officer Simon Robertson said Auckland Airport was working its way through the extensive detail of the commission's draft determinations and supporting papers.

"We remain of the view that airports need to have the correct commercial incentives to ensure they make the necessary infrastructure investment for the benefit of travellers and other airport users, and the broader New Zealand economy," he said.

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