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

 


Commission launches website for construction industry

Commerce Commission launches website for construction industry


The Commerce Commission will today launch a new website for the construction industry. The website will help industry members increase their understanding of competition and consumer laws so they can improve their compliance.

“The idea for the website arose from our work with the sector over the last few years. We saw the need for a user-friendly guide specifically tailored to the needs of construction businesses and workers to help them understand and comply with the laws that we enforce,” said Kate Morrison, Competition General Manager.

“We’ve tried to make the language on the website really down-to-earth and practical. We want it to be a ‘one-stop shop’ for busy people. And we’ve put in lots of examples to help make the concepts more relevant,” said Ms Morrison.

“The wider construction sector is incredibly important to New Zealand’s economy for a number of reasons. Estimates suggest that we are on the brink of the largest construction boom in New Zealand for 40 years, part of which of course is due to the Canterbury rebuild but also to high levels of activity in Auckland,” continued Ms Morrison.

Overseas experience indicates that the sector is particularly susceptible to cartel, or price-fixing conduct, mainly due to structural characteristics of many construction markets. The Commission has therefore been actively working with the sector since 2010 to raise awareness of competition and consumer laws.

More recently, the earthquakes in Canterbury have also provided further opportunity for anti-competitive behaviour as the rebuild takes place. It is widely acknowledged internationally that fraud, corruption, and anti-competitive practices (eg, price fixing, bid rigging, and market sharing) occur after natural disasters.

“Because of these factors, we are hosting the launch of the website in Christchurch, but will also be sharing it with key members of the sector in Auckland tomorrow,” said Ms Morrison. “All these opportunities and risks make it really important that we focus our minds on the construction industry and do what we can to assist construction markets to work well during the rebuild and throughout the country.”
The website is http://construction.comcom.govt.nz

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Strike: Lyttelton Port Workers Vote To Escalate Dispute

Members of the Rail and Maritime Transport Union (RMTU) at Lyttelton Port today voted to escalate their industrial action. Around 200 RMTU members have been operating an overtime ban since 17 December and today they endorsed a series of full withdrawals of labour at the port. More>>

ALSO:

Scoop Business: NZ Dollar Falls To 3-Year Low As Investors Favour Greenback

The New Zealand dollar fell to its lowest in more than three years as investors sold euro and bought US dollars, weakening other currencies against the greenback. More>>

ALSO:

Scoop Business: NZ Govt Operating Deficit Smaller Than Expected

The New Zealand’s government’s operating deficit was smaller than expected in the first five months of the financial year as a clampdown on expenditure managed to offset a shortfall in the tax-take from last month’s forecast. More>>

ALSO:

0.8 Percent Annually:
NZ Inflation Falls Below RBNZ's Target

New Zealand's annual pace of inflation slowed to below the Reserve Bank's target band in the final three months of the year, giving governor Graeme Wheeler more room to keep the benchmark interest rate lower for longer.More>>

ALSO:

NASA, NOAA: Find 2014 Warmest Year In Modern Record

Since 1880, Earth’s average surface temperature has warmed by about 1.4 degrees Fahrenheit (0.8 degrees Celsius), a trend that is largely driven by the increase in carbon dioxide and other human emissions into the planet’s atmosphere. The majority of that warming has occurred in the past three decades. More>>

ALSO:

Scoop Business: New Zealand’s Reserve Bank Named Central Bank Of The Year

The Reserve Bank of New Zealand’s efforts to stifle house price inflation by using new policy tools has seen the institution named Central Bank of the year by Central Banking Publications, a publisher specialising in global central banking practice. More>>

ALSO:

Get More From Scoop

 
 
Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news