Have your say on the Commerce Amendment Bill
Monday, 26 February 2018
Have your say on the Commerce (Criminalisation of Cartels) Amendment Bill The Commerce (Criminalisation of Cartels) Amendment Bill amends the Commerce Act 1986 to introduce a criminal offence for cartel conduct. The policy to be given effect in this bill was informed by a review initiated in January 2010. The Economic Development, Science and Innovation Committee is seeking public feedback on this bill.
The specific objectives of the bill are as
• To promote detection and deterrence of cartels (while ensuring that efficiency-enhancing collaborative activity is not deterred).
• To improve cartel enforcement by the Commerce Commission and facilitate New Zealand’s contribution to enforcement efforts against global cartels.
These objectives are to be
read in light of the purpose of the principal Act, which is
to promote competition in markets for the long-term benefits
of consumers within New Zealand.
Tell the Economic Development, Science and Innovation Committee what you think
Send your submission on the bill by midnight on 6 April 2018.