InternetNZ has announced a reduction of the wholesale fee for .nz domain names from NZ $ 1.50 + GST per month to $1.25 per month ($18 to $15 per annum per domain name) from 1 July 2010.
The fee was last reduced in July 2007 and before that in July 2004.
While there is no obligation on registrars to pass on the wholesale fee reduction to customers, InternetNZ President Frank March says he "expects that many will and therefore maintain the competitiveness of the .nz registrar market."
Based on the 2007 experience, we can expect to see the discount registrars taking a short delay before passing on the savings and falling into line fairly quickly once their competitors drop their prices.
See also the Full announcement on Domain Name Commission site .
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