Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Trans-Tasman merger protocol agreed

Media Release

Issued 7 August 2006/017

Trans-Tasman merger protocol agreed

The New Zealand Commerce Commission and the Australian Competition and Consumer Commission have agreed to a Cooperation Protocol for Merger Review.

The protocol takes effect from today and is designed to assist cooperation in merger review between the ACCC and the Commerce Commission.

The Commerce Commission Chair, Ms Paula Rebstock, and the ACCC Chairman, Mr Graeme Samuel said the protocol “will reduce compliance costs for businesses, and save taxpayers money by reducing the costs of making merger decisions.”

They also said that the protocol will increase the effectiveness of competition laws in both countries: "The protocol is consistent with both governments' shared objective of streamlining the trans-Tasman business environment".

The ACCC and the Commerce Commission will seek to apply this protocol to the greatest possible extent, consistent with their priorities, aims, functions and respective laws, interests and enforcement responsibilities, when they:

- review the same merger transaction:

- exchange information for use in a merger review being conducted by either agency: or

- _otherwise exchange information with the aim of assisting the respective agencies in carrying out their merger review processes and functions.


Commission media releases can be viewed on its web site www.comcom.govt.nz

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

ScoopPro: Helping The Education Sector Get More Out Of Scoop

The ScoopPro professional license includes a suite of useful information tools for professional users of Scoop including some specifically for those in the education sector to make your Scoop experience better. More>>

Big Tax Bill Due: Destiny Church Charities Deregistered

The independent Charities Registration Board has decided to remove Destiny International Trust and Te Hahi o Nga Matamua Holdings Limited from the Charities Register on 20 December 2017 because of the charities’ persistent failure to meet their annual return obligations. More>>

57 Million Users' Data: Uber Breach "Utterly Preventatable"

Cybersecurity leader Centrify says the Uber data breach of 57 million customer and driver records - which the ride-hailing company hid for more than a year - was “utterly preventable”. More>>

Scoop 3.0: How You Can Help Scoop’s Evolution

We have big plans for 2018 as we look to expand our public interest journalism coverage, upgrade our publishing infrastructure and offer even more valuable business tools to commercial users of Scoop. More>>

Having A Cow? Dairy Product Prices Slide For Fourth Straight Auction

Dairy product prices fell at the Global Dairy Trade auction, retreating for the fourth straight auction amid signs of increased production... Whole milk powder fell 2.7 percent to US$2,778 a tonne. More>>

ALSO:

Statistics: Butter At Record $5.67/Block; High Vegetable Prices

Rising dairy prices have pushed food prices up 2.7 percent in the year to October 2017, Stats NZ said today. This followed a 3.0 percent increase in the year to September 2017. More>>

ALSO:

Science: New Research Finds Herbicides Cause Antibiotic Resistance

New University of Canterbury research confirms that the active ingredients of the commonly used herbicides, RoundUp, Kamba and 2,4-D (glyphosate, dicamba and 2,4-D, respectively), each alone cause antibiotic resistance at concentrations well below label application rates. More>>

ALSO:

 
 
 
 
 
 
 
 
  • Bill Bennett on Tech