The Commerce Commission today issued final determinations for information disclosure requirements for companies who are building fibre networks as part of the Government's ultra-fast broadband (UFB) initiative.
These local fibre companies (LFCs) are Chorus, Enable Networks, Ultrafast Fibre, and Whangarei Local Fibre Company.
The 2011 amendments to the Telecommunications Act state that the Commission must require LFCs to prepare and disclose information to the Commission on the costs and characteristics of their fibre networks on an annual basis. These determinations set out the Commission's information disclosure requirements.
"Following submissions, the Commission has phased the introduction of the information disclosure requirements to align with the roll-out of the network," said Dr Ross Patterson, Telecommunications Commissioner. "This will reduce compliance costs in the early stage of the regime."
The Commission will publish summaries and analysis of the information collected annually, starting in 2014.
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