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


Regulator says supermarket probe to take a number of months

Regulator anticipates supermarket probe to take ‘a number of months’

Feb. 20 (BusinessDesk) - The Commerce Commission has confirmed it is formally investigating allegations of anti-competitive behaviour towards suppliers by Woolworths-owned Countdown, and expects the probe will take “a number of months.”

Last week the regulator started assessing allegations made by Labour MP Shane Jones over Countdown’s behaviour, and has today confirmed the formal investigation.

“The investigation will involve seeking a wide range of information from a variety of sources, including organisations from all areas of the supermarket sector,” the regulator said in a statement. “The investigation is expected to take a number of months.”

The issue came to light last week when Jones accused Countdown of leaning on suppliers and used Parliamentary privilege to protect himself from potential defamation proceedings.

Countdown has previously said it will cooperate fully with the inquiry.

Jones said the investigation “totally vindicated” the stance he has taken on the supermarkets.

“The campaign I have led has resulted in the Commerce Commission agreeing to an inquiry,” Jones said. “That’s a win for ordinary Kiwis, businesses and consumers,”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Welcome Home: Record High Migration Stokes 41-Year High Population Growth

New Zealand annual net migration hit a new high in October as more people arrived from than departed for Australia for the first time in more than 20 years. More>>


Citizens' Advice Bureau: Report Shows Desperate Housing Situation Throughout NZ

CAB's in-depth analysis of over 2000 client enquiries about emergency accommodation shows vulnerable families, pregnant women and children living in cars and garages, even after seeking assistance from the Ministry of Social Development and Housing New Zealand. More>>


Speaking For The Bees: Greens Call For Neonicotinoid Pesticide Ban

The National Government should ban the use of controversial pesticides called neonicotinoids after evidence has revealed that even at low doses they cause harm to bee populations, the Green Party said today. More>>


Science Awards: NZAS Celebrate NZ Scientific Achievements

The Marsden Medal is awarded for a lifetime of outstanding service to the cause or profession of science, in recognition of service rendered to the cause or profession of science in the widest connotation of the phrase. This year’s medal is awarded to Dr Mike Andrews. More>>


Court Rules: Affco 'Unlawfully' Locked Out Meat Workers

The note says the full court found for the plaintiffs, "that is that the defendant locked out the second plaintiffs unlawfully and that it breached s 32 of the Act by acting otherwise than in good faith towards the plaintiffs while collective bargaining was still going on." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news