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The Ministry of Business, Innovation and Employment (MBIE) is creating new procurement rules that will replace the Mandatory Rules for Procurement by Government Departments that were endorsed by Cabinet in 2006
The Minister while backing the "low capped" wholesale prices negotiated by CFH now proposes an "alternative solution" to regulatory forbearance by way of contractual mechanisms in government contracts with LFCs
The announcement on 18 May 2011, two days after the Bill's report back, to drop the regulatory forbearance provisions and replace them with contractual assurances to Local Fibre Company (LFC) co-investment partners is significant
