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


Market studies Bill first reading signals powers

Market studies Bill first reading signals powers to be in effect by end of 2018

Minister of Commerce and Consumer Affairs Hon Kris Faafoi told Parliament that he intends for market studies powers to be in place by the end of the year.

At the first reading of the Commerce Amendment Bill last night, Mr Faafoi said he was committed to quickly delivering a more competitive, confident and productive business environment to deliver positive outcomes for all New Zealanders.

“Consumers should be at the heart of competition and consumer policy. This is why advancing the Commerce Amendment Bill to ensure that the selected markets are delivering better outcomes for all New Zealanders is a priority.

“We are concerned as a Government that some markets appear to not be working as well as they should be for consumers. A Commerce Commission market study, where the Commission has the power to compel organisations and businesses to provide information, will identify the causes of poor performance in these markets.

“As a Government we can then make an informed decision as to whether intervention is desirable, and if so, what form that intervention may take.”

Mr Faafoi confirmed that the Bill would allow a market study to be initiated by the Commerce and Consumer Affairs Minister or self-initiated by the Commerce Commission “to ensure there’s no politics in ensuring the best interests of the consumer are served”.

“Market studies will ensure New Zealand consumers get fair and appropriate treatment by delivering competitive markets and supporting honest business.”

The Commerce Amendment Bill reflects the outcomes of a targeted review of the Commerce Act and a review of the effectiveness of the economic regulation regime for major airports. In addition to the provision of a market studies power, the Bill introduced today repeals the little used cease and desist regime, introduces an enforceable undertakings regime, and makes amendments to improve the effectiveness of the regulatory regime for airports under Part 4 of the Commerce Act.

The Bill now moves to the Transport and Infrastructure Committee, and will be reported back to Parliament by 10 September. More information is on MBIE’s website here.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says.

Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders.

US President Donald Trump is kicking off his week at the UN by holding an event to promote the US document called the Global Call to Action on the World Drug Problem. More>>


Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>


Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>


Meth Testing Report: Housing NZ "To Right Wrong"

Phil Twyford “Housing NZ acknowledges that around 800 tenants suffered by either losing their tenancies, losing their possessions, being suspended from the public housing waiting list, negative effects on their credit ratings or, in the worst cases, being made homeless.” More>>


No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>


Pay Equity Bill: Making History For Women’s Pay

The Equal Pay Amendment Bill, introduced to the House today, will make it easier for workers to make a pay equity claim , using a more simple and accessible process within New Zealand’s existing bargaining framework. More>>


Asylum: Refugee Quota Increasing To 1500

“The quota increase will take place from July 2020. In the meantime, we will work to increase the number and spread of refugee resettlement and support services. We need to make sure we’re prepared for this change in policy.” More>>





InfoPages News Channels