New Zealand copyright law - effect?

[silicon_toad2000]

An employee from one of the country's largest internet companies, who did not want to be named, said the demand for international traffic had fallen after the Government's copyright law came into effect last Thursday...
...Although some internet providers (ISPs) were concerned they would be flooded with warning notices, Telecom and Orcon said yesterday that they had not had any arrive.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10749878