InternetNZ have announced they will be slashing the wholesale price for .NZ domain names by 16 per cent as of 1 July 2010.
At its meeting last Friday the InternetNZ Council committed to a reduction in the wholesale fee for .NZ domain name to $1.25 per month, down from $1.50 per month. This reduces the annual fee from $18 to $15 per domain.
The new wholesale fee as charged to authorised .NZ registrars will apply from 1 July 2010.
InternetNZ President Frank March says while there is no obligation on registrars to pass on the wholesale fee reduction to customers, he expects that many will and therefore maintain the competitiveness of the .NZ registrar market.
“While InternetNZ funds its charitable activities from the domain name fees we take very seriously our ongoing commitment to a stable and reducing fee and it is pleasing that we have been able to achieve a fee reduction in these uncertain economic times,” he says.
The wholesale fee is reviewed annually by the independent regulator, Domain Name Commission Limited and .NZ Registry Services, the independent registry operator, both wholly owned subsidiaries of InternetNZ. The fee was last reduced in July 2007 and before that in July 2004.
To register your .NZ domain name, check out Asia Registry here.