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

 

PMNZ seeks injunction

PMNZ seeks injunction to prevent BATNZ cutting off consumer access to better alternatives to smoking

AUCKLAND, New Zealand – [21/3/18] – Philip Morris (New Zealand) Limited (PMNZ) today announced it is commencing legal proceedings against British American Tobacco (New Zealand) Limited (BATNZ) to stop it from engaging in anti-competitive conduct.

PMNZ alleges that BATNZ is unlawfully incentivising and compelling retailers to restrict the availability of competitor products.

PMNZ General Manager Jason Erickson said: “BAT’s conduct restricts consumer choice, and we think it constitutes a clear breach of the law.”

“BAT’s conduct is particularly concerning in light of the Government’s 2017 announcements that it plans to introduce legislation to ensure adult smokers have access to less harmful alternatives to smoking. Urgent action is needed to prevent BAT from relying on existing practices to punish consumers by cutting off their access to these products.” Mr Erickson said.

PMNZ said it’ll ask the Court to prohibit BATNZ from engaging in this conduct, which it believes breaches the Commerce Act 1986.

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Climate Summary: NZ’s Equal-2nd Warmest Year On Record

Annual temperatures were above average (+0.51°C to +1.20°C above the annual average) across the majority of New Zealand... 2018 was the equal 2nd-warmest year on record for New Zealand, based on NIWA’s seven-station series which began in 1909. More>>

ALSO:

GDP: Economic Growth Dampens In The September Quarter

Gross domestic product (GDP) rose 0.3 percent in the September 2018 quarter, down from 1.0 percent in the previous quarter, Stats NZ said today... GDP per capita was flat in the September 2018 quarter, following an increase of 0.5 percent in the June 2018 quarter. More>>

ALSO:

Up $1.20: $17.70 Minimum Wage For 2019

Coalition Government signals how it will move toward its goal of a $20 p/h minimum wage by 2021... “Today we are announcing that the minimum wage will increase to $17.70 an hour on 1 April 2019." More>>

ALSO:

Retail: IKEA To Open In New Zealand

Inter IKEA Systems B.V. is today announcing its intentions to grant the Ingka Group exclusive rights to explore expansion opportunities in New Zealand. More>>