Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 


Labour SOP beefs up Commerce Commission powers

Clayton COSGROVE

Commerce Spokesperson

18 February 2014                                                  

MEDIA STATEMENT

Labour SOP beefs up Commerce Commission powers

The Commerce Commission will be given greater scope to protect New Zealand businesses from monopoly behaviour under an amendment lodged by Labour’s Commerce spokesperson Clayton Cosgrove.

“Following recent allegations of concerning monopolistic behaviour it is clearly important that the Commerce Commission possess the ability to successfully prosecute when it sees this occurring,” says Clayton Cosgrove.

“The Commerce Act is intended to prevent monopoly firms wielding their market power to stifle competition. Unfortunately s36 as it stands is focussed on the intent of those involved rather than the effects that their power is having.

“This is about ensuring our small businesses are not adversely affected by the actions of the big end of town.

“Monopolies are escaping a crackdown because purpose and intention is difficult to prove. My supplementary order paper, number 408, to the Commerce (Cartels and other Matters) Amendment Bill will ensure that when market power is wielded, regardless of intent, it can be acted on.

“I have written to Commerce Minister Craig Foss and I hope he will support my SOP in the spirit of bipartisanship that has been a hallmark of our work in Commerce.

“If the National party is genuinely concerned about such behaviour they will not only support my SOP but they will prioritise the Commerce (Cartels and Other Matters) Amendment Bill to ensure that Commerce Commission can effectively prosecute any active investigations,” says Clayton Cosgrove.

Supplementary Order Paper 408 to the Commerce (Cartels and other Matters) Amendment Bill was introduced to the House late last year and is attached.

Supplementary_Order_Paper7.pdf

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>

ALSO:

Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>

ALSO:

Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>

ALSO:

Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>

ALSO:

With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>

ALSO:

Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news