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


Banks, petrol companies strain public patience

2000 web site
The increases in petrol prices and bank charges show the need for a tougher government attitude towards anti-competitive business practices, says Labour Commerce spokesperson Paul Swain.

"The petrol companies and banks need to understand that the public isn't fooled by their pretence of vigorous competition and nor is Labour," Mr Swain says.

"It's true the price of crude oil is rising but officials have raised questions about how fast the oil companies pass that on and whether they are increasing rather than maintaining their profits.

"Max Bradford was very quick to line up in public with Challenge when they took on the big four. Now that the companies are moving together again he meekly accepts their price hikes."

"It's a glaring contrast with his bull-headed approach to the electricity industry, but perhaps the hash he made of his electricity reforms put him off taking on anyone else."

"The petrol companies and banks look uncomfortably like cyclists in a team pursuit race, taking turns at the front to set the pace. We're supposed to believe they're competing but they all seem to be on the same side."

"Labour remains committed to light-handed market regulation where possible, but it's clear the Commerce Act needs toughening up. That's why we're committed to amendments including lower thresholds and higher penalties for anti-competitive behaviour, a consumer welfare objective, a beefed-up information disclosure regime and measures against tacit collusion."

"New Zealanders can expect the Commerce Commission under Labour to be much more aggressive in its enforcement of the Act and in defending consumers' rights."

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Crowdsale And Crowdfunding Campaign: Help Create The Future Of Independent News

Two weeks to go! The Scoop 3.0 plan aims to create NZ’s first community-owned, distributed news and media intelligence ecosystem in 2019. We believe this ScoopPro media monetisation approach can be scaled and spread globally to support local and independent news efforts in regional New Zealand and around the world.

Scoop is an ecosystem, it would not exist without those who contribute to it, read it and rely on it for professional media purposes. Generous past support from this ecosystem has enabled us to come this far in developing our business model. Support our PledgeMe Campaign>>


14/11: Two Years’ Progress Since The Kaikoura Earthquake

Mayor John Leggett said it was a day for reflection, but also a time to recognise the work by many people to support progress towards recovery made across Marlborough since November 2016. More>>


Pike River: Mine Drift Re-Entry Plan To Proceed

“I’ve decided the Te Kāhui Whakamana Rua Tekau Mā Iwa - Pike River Recovery Agency, recommended course of action to enter the drift, using the existing access tunnel, is by far the safest option,” said Andrew Little. More>>


Appointments: New High Commissioner To Australia Announced

“Dame Annette King needs no introduction given her long running career as a parliamentarian where she has previously held a number senior Cabinet portfolios, including Justice, Police and Health. She also was Parliament’s longest serving female MP with 30 years’ service,” said Mr Peters. More>>


Two Years Since Kaikoura: Silvia Cartwright To Lead Inquiry Into EQC

“The inquiry will be the first of its kind under the Public Inquiries Act 2013 and will have all the powers of a Royal Commission, be independent of Government and make its report directly to the Governor-General. More>>


Gordon Campbell: On The Royal Commission Into Child Abuse

Obviously, it is good news that the coalition government has broadened the scope of its Royal Commission into the abuse of children, beyond its previous focus on children in state care. More>>


Cases Delayed: Court Staff Refuse To Handle Sentencing Papers

Dozens of court cases have reportedly been delayed, as court staff escalate industrial action at two Auckland courts by enforcing a ban on handling sentencing papers. More>>


Education: Primary Teachers Rolling Strikes

RNZ Report: More than 100,000 primary school students in Auckland will be home from school today as teachers and principals walk off the job for the second time this year. It's the start of a week of rolling one-day strikes around the country, after the collapse of contract negotiations last Thursday. More>>


"Process Was Sound": Inquiry Into Haumaha Appointment Released

The Inquiry’s purpose was to examine, identify, and report on the adequacy of the process that led to the appointment. It found the process was sound and no available relevant information was omitted. More>>





InfoPages News Channels