1. Synopsis 2. Telecommunications Act 2.1 Framework of the Telecommunications Act 2.2 The Commerce Commission 2.3 Standards New Zealand and the Telecommunications Carriers Forum 3. Government reforms on operational separation of Telecom - 2007 - 2008 3.1 Introduction 3.2 Accounting requirements under operational separation 3.3 Government releases details of operational separation of Telecom 3.3.1 Overview 3.3.2 Access Network Services division 3.3.3 Wholesale unit 3.3.4 Independent Oversight Group 3.4 Government formerly announces operational separation split plan 3.5 Telecom’s reaction to the Government’s operational separation announcement 3.6 Telecom lodges amended separation plan - December 2007 3.7 Government amends Operation Separation determination for Telecom Wholesale 3.8 Government rejects Telecom’s separation plan 3.9 Telecom’s operational separation is formalised 4. Related reports