Comerce Com. view on RAL/Turoa likely on August 28
Commerce Commission's preliminary view on RAL/Turoa likely on August 28
Media Release 2000/69
The Commerce Commission is likely to give its preliminary view on Ruapehu Alpine Lifts Limited’s (RAL) application for authorisation to acquire Turoa Ski Resort Limited (in receivership) on August 28.
RAL and Turoa Ski Resort own the only two major ski fields in the North Island, Whakapapa and Turoa.
Commission Chair John Belgrave said that the Commission has released its indicative timetable for making its decision. The indicative timetable is:
Commission to publish draft determination giving its preliminary view that, based on information then available, it would or would not authorise the proposal. The draft determination will give interested parties a clear indication of what the Commission sees as the key issues and where the Commission wants further information.
By September 11
Interested parties to make submissions on the draft determination.
By September 18
Experts employed by interested parties to make their submissions.
By October 6
Conference, if one is to be held. Only interested parties and the Commission can participate at a conference, but the public and media can attend to observe and report.
Commission releases its final decision.
An authorisation is, in effect, an exemption from the Commerce Act.
The Act prohibits business acquisitions that result in dominance being acquired or strengthened in any market. In June last year the Commission declined to clear RAL to acquire Turoa because of dominance concerns.
On July 31 this year, RAL applied for an authorisation. The Commission can authorise an otherwise prohibited business acquisition if it is satisfied that public benefits from the acquisition outweigh its detriments to competition.
The Act gives the Commission 60 working days in which to make its decision, but does allow for extensions of time if necessary. Working day 60 will be October 24.
Media contact: Communications Officer Vincent Cholewa
Phone work (04) 498 0920