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
follows:
• 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.
For more details about
the bill:
• Read the full content of the bill
•
Get more details about the bill
•
What’s been said in Parliament about the
bill?
ENDS