The Commission’s call for feedback comes as the New Zealand Parliament is considering the Telecommunications (New Regulatory Framework) Amendment Bill, under which the proposed legislation would regulate the new fibre networks being rolled out nationally as part of a $7 billion ultrafast broadband initiative.
The Bill introduces a utility-style regulatory regime, similar to what exists for energy networks and airports, and the legislation would require the Commission to set upfront rules and develop information disclosure requirements for the local fibre companies.
Under the legislation, The Commission would also set the maximum revenue that network operator Chorus could charge its customers and the quality of service it must provide.
“We have calculated that it would cost us $12 million to implement the proposed regulation over a three-year period. We are seeking feedback on whether our plan incorporates an appropriate level of quality for this process. We will consider feedback before making our proposal to the Government to increase the industry levy which funds our work in the telco sector."
To access the paper outlining the Commission’s funding consideration click here.