Communications and Information Technology Minister Steven Joyce has announced that the 10-year "regulatory forbearance period" in the Telecommunications (TSO, Broadband, and Other Matters) Amendment Bill on wholesale prices for the ultra-fast broadband network will be replaced with contractual mechanisms that would apply if the Commerce Commission regulates prices lower than those contracted.

The Government will also include an "avoidance of doubt" clause in the purpose statement of the Telecommunications Act 2001, and issue a Government Policy Statement, which together will make it more explicit that the Commerce Commission and the Minister must consider investment and innovation in new markets when considering price regulation.

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