InternetNZ announces .NZ wholesale fee reduction

Colin Jackson,
InternetNZ President, says "The InternetNZ Council is pleased to confirm
that the wholesale domain name fee will reduce to $1.50 per domain name per
month, down from $1.75 per domain name per month.” These figures are exclusive
of GST.
The new wholesale
fee will apply from 1 July 2007. “We trust that early notification of the lower
fee will assist registrars in their planning," says Jackson.
 The decision to
reduce the fee is the outcome of a joint recommendation from the .nz Oversight
Committee (NZOC) and NZRS to the InternetNZ Council.
Dr Frank March,
Chair of the NZOC, says he hopes that the lower fee will encourage the
continuation of a healthy growth rate in the registration of new domain names. However
he cautions “There is no obligation on registrars to pass on any savings they
make in a reduction of the wholesale fee.”
Dr March continues
“The .nz market is a competitive environment and I hope that the range of
authorised registrars will encourage some to reduce the retail price." 
The reduction in
the wholesale domain name fee is the second drop since NZRS took over running
the .nz domain name register in October 2002.
NZRS Chair, Anne
Urlwin, says “The result of the fee review is a successful outcome for
everyone. We take our responsibilities in managing the .nz register seriously,
and are pleased that we've achieved efficiencies in our systems that enable
this decrease in the fee to registrars."
Further information:Colin JacksonPresidentInternetNZMobile: 021 393 685
Frank MarchChairNZOC InternetNZMobile: 021 494 165 
Anne UrlwinChair.nz Registry ServicesMobile: 0274 355 626