Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

Improved competition law positive for investment

Bringing New Zealand's competition law into line with Australia and other major world market economies makes sense to encourage investment from offshore, says the Chief Executive of the Employers and Manufacturers Association (Northern), Alasdair Thompson.

"There is evidence that the 'dominant' position test of the present Commerce Act provisions has not led to sufficiently vigorous competition in the New Zealand market," Mr Thompson said.

"Our present law has not removed monopolistic behaviour and consumers know this, so we strongly support measures that genuinely enhance market competition.

"Harmonising our law with Australia's and elsewhere will mean overseas investors will find it easier to comprehend as the case law applying to it can be drawn on.

"The fact that Government was prepared to introduce these changes sealed the $1.2 billion investment that Telstra Saturn is undertaking in rolling out its new telecommunications network and is an example of the sort of benefits New Zealand could gain with clearer rules in place.

"Nevertheless business will be looking for the opportunity to be consulted over this latest move by Government, on both the detail, and its implementation."


ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Cyclone Gita: Metservice Forecasts Gita To Impact New Zealand - Be Prepared

Cyclone Gita is expected to approach New Zealand from the northwest. There remains some uncertainty with regards to the speed and track of Gita, but the passage of this system across New Zealand on Tuesday and Wednesday is likely to bring a period of highly impactful severe weather.

People should be aware of the potential for coastal inundation, especially where high waves,low atmospheric pressure and strong onshore winds come together ... More>>

 

'Hit And Run' Raid: NZDF Had Reports Of Civilian Casualties

The NZDF received intelligence updates within one or two days of the August 2010 SAS raid in Afghanistan that reported civilian casualties, including the death of a child, new OIA documents reveal... it appears they did not bother to investigate nor made any effort to help the victims. More>>

ALSO:

Christchurch Public Meeting: Complete U-Turn By Labour And NZ First On TPP

The TPP might have been re-branded as the CPTPP but it's still the same bad deal says Professor Jane Kelsey, New Zealand's expert on international economic regulation. More>>

ALSO:

Commerce, Etc: Thicker Bright Line For Real Estate

Revenue Minister Stuart Nash has confirmed the bright-line test on residential property sales will be extended from two years to five years in legislation currently making its way through Parliament.More>>

ALSO:

Prison Inspections: Reports on Manawatu and Paremoremo Released

The Office of the Inspectorate today released reports into Manawatu Prison and Auckland Prison (Paremoremo), the first two resulting from a programme of inspections of New Zealand prisons. More>>

Whistle Blowers: Government To Review Law On Protection

Work has begun on a review of the Protected Disclosures Act 2000, Minister of State Services Chris Hipkins said today. More>>

ALSO:

Gordon Campbell: On National’s Leadership Contest

National needs a new leader able to: (a) compete with, undermine and defeat a currently popular and politically adept Prime Minister; (b) define whether National now sees itself as being a traditional conservative party or a modern neo-liberal one; (c) devise a strategy that addresses National’s chronic lack of a viable coalition partner More>>

ALSO:

Christchurch: PM Launches 100% Electric Car Share Offering

The Southern Hemisphere’s biggest deployment of pure battery electric cars and largest pure EV car sharing model was officially launched in Christchurch today by Prime Minister Jacinda Ardern. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages