The Commerce (Cartels and Other Matters) Amendment Act 2017 redefines the prohibition against cartels to refer to the 3 ways in which businesses may lessen competition between each other — that is, by fixing prices, restricting output or allocating markets.
The Government has taken legislation through Parliament to change New Zealand’s law relating to the misuse of market power (section 36 of the Commerce Act), along with other minor changes to the treatment of intellectual property rights and covenants in the Commerce Act.
This page lists the application fees payable to the Commerce Commission for clearances and authorisations, collaborative activities, mergers and restrictive trade practices.
The Commerce (Cartels and Other Matters) Amendment Act amends the Commerce Act 1986 to better provide for pro-competitive collaboration between businesses, while also deterring anti-competitive cartel conduct.
We carry out periodic reviews of the Commerce Act to ensure it reflects modern regulatory practice and continues to deliver benefits to New Zealanders.
The Commerce Act is New Zealand's generic competition law. It also provides economic regulation of goods or services in markets with monopoly characteristics.
Consultation on the review of section 36 of the Commerce Act relating to the misuse of market power, along with other minor changes began on 25 January 2019 and closed on 1 April 2019.
The exposure draft of the Commerce (Cartels and Other Matters) Amendment Bill was released in 2011, and submissions were received later that same year.