The Commerce Commission has confirmed a series of targeted updates to New Zealand's fibre settings to support the growth of fibre networks and enhance broadband services for consumers.

Telecommunications Commissioner Tristan Gilbertson emphasized the importance of evolving the regulatory framework in response to increasing demand for fibre. The updates aim to balance investment support with the long-term interests of consumers.

A significant change includes the introduction of a new investment test for major fibre expansion projects. This test will evaluate proposals based on a clear framework that focuses on consumer benefits while promoting competition.

The new approach is designed to provide greater certainty regarding the assessment of large investments, ensuring that funding is directed towards projects that yield clear advantages for New Zealanders.

Additionally, the Commission has streamlined the process for assessing capital expenditure proposals by implementing clearer information requirements and more predictable timelines. Further refinements will address connection costs and insurance, enhancing the overall operation of the regulatory regime.

These changes are part of the first review of the Fibre Input Methodologies, which set the essential regulatory rules for fibre services. The Commission is mandated to review these methodologies at least every seven years, with remaining issues, such as fibre-specific cost of capital settings, to be addressed in the next review stage.