Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Air New Zealand and Qantas application

Air New Zealand and Qantas application available on Commission website

Public versions of the applications for authorisation under the Commerce Act by Air New Zealand Limited and Qantas Airways Limited are now available on the Commerce Commission’s website, http://www.comcom.govt.nz. Interested parties are invited to make submissions on the applications. Submissions will close on 14 February 2003.

Last month the airlines announced a proposed strategic alliance, subject to several conditions, one of which being approval from the relevant regulatory bodies. In New Zealand, one of the required approvals is from the Commission.

The Commission received joint applications from Air New Zealand and Qantas for market behaviour and structure authorisations under sections 58 and 67 of the Act, relating to restrictive trade practices and business acquisitions respectively.

Commission Chair John Belgrave explained that under section 58, the key issue for the Commission is the impact on domestic, trans-Tasman and trans-Pacific markets of the alliance. Under section 67, the Commission will need to consider the extent to which the proposed equity holding by Qantas substantially lessens competition in a market.

He said the proposal clearly raised some competition issues for the domestic, trans-Tasman and trans-Pacific aviation markets.

“The purpose of the Commerce Act is to promote competition in markets for the long term benefit of consumers within New Zealand. The Commission’s role is to identify the competitive impact of the proposal and measure it against the benefits for New Zealand,” said Mr Belgrave.

Mr Belgrave said the Commission had no preconceptions about the outcome of the applications, which will be considered on their merits and within the framework of the Commerce Act.

Overview of process for authorisation applications Action Approximate timeframe

Receive application 9 December 2002

Issue public notice Within 72 hours

Commence inquiry (including analysing submissions) Immediately

Release public versions of applications 18 December 2002

Invite submissions on the application Submissions due 14 February

Issue draft determination tbc

Seek further submissions on draft determination tbc

Hold conference tbc

Publish final determination tbc

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Snail's Pace: Aucklanders Face Frustrating Commute Over Harbour Bridge

Journeys into Auckland's CBD took longer than usual as traffic banked up around the damaged Harbour Bridge. More>>

ALSO:

Statistics New Zealand: COVID-19 Sees Record 12.2 Percent Fall In New Zealand’s Economy

Gross domestic product (GDP) fell by 12.2 percent in the June 2020 quarter, the largest quarterly fall recorded since the current series began in 1987, as the COVID-19 restrictions in place through the quarter impacted economic activity, Stats NZ said ... More>>

ALSO:

Climate: Scientists Release ‘Blueprint’ To Save Critical Ecosystems And Stabilize The Earth’s Climate

A group of scientists and experts produced the first comprehensive global-scale analysis of terrestrial areas essential for biodiversity and climate resilience, totaling 50.4% of the Earth's land. The report was published in Science Advances ... More>>

ALSO:

MPI: Independent Review Launched Into Assurances For Safe Transport Of Livestock By Sea

The Ministry for Primary Industries (MPI) has launched an independent review of the assurances it receives for the safe transport of livestock by sea. MPI Director-General Ray Smith says Mike Heron QC has been appointed to lead the review, which is expected ... More>>

ALSO:


Computers: New Zealand PC Market Grows Nearly 40% Due To Work From Home Demand

COVID-19 had large impacts on demand for PCs as businesses prepared for lockdowns by purchasing notebooks to mobilise their workforce. In the second quarter of 2020, New Zealand's Traditional PC market experienced a 39.7% year-on-year (YoY) growth ... More>>

ALSO:


Ministry of Health: Public Transport Distancing Requirements Relaxed

Physical distancing requirements on public transport have been reviewed by the Ministry of Health to determine whether they are still required at Alert Level 2 (or below). The Ministry’s assessment is that mandatory face covering and individuals tracking ... More>>

ALSO:

NZHIA: New Zealand Hemp Industry Set To Generate $2 Billion Per Annum And Create 20,000 Jobs

A new report says a fully enabled hemp industry could generate $2 billion in income for New Zealand by 2030, while also creating thousands of new jobs. Written by industry strategist Dr Nick Marsh, the report has prompted calls from the New Zealand Hemp ... More>>

ALSO:

Stats NZ: One In 14 Employed People Report High Risk Of Losing Jobs

About one in 14 workers say they expect to lose their job or business by mid-2021, Stats NZ said today. A survey of employed people in the June 2020 quarter showed 7 percent felt there was a high or almost certain chance of losing their job or business ... More>>

ASB Quarterly Economic Forecast: NZ Economy Doing Better Than Expected, But Challenges Remain

August lockdown estimated to have shaved 8% off NZ’s weekly GDP, and 0.5% off annual GDP Economy now expected to shrink 5% (year-on-year) by end of 2020 Unemployment rate now expected to peak at 7.2% The latest ASB Quarterly Economic Forecast is less ... More>>

ALSO:

SAFE: Live Export Ship Carrying 5,800 New Zealand Cows Goes Missing In East China Sea

Livestock carrier Gulf Livestock 1 sent a distress signal at 4:45am NZT yesterday in the East China Sea. The area is affected by Typhoon Maysak. At 4pm a patrol plane spotted a lifeboat - with no people in it - and a man in lifejacket nearby. The ship ... More>>

ALSO:

FMA: Kiwisaver Fees Don't Match Performance

The Financial Markets Authority (FMA) today published an independent report into the passive and active investment management styles [i] used by KiwiSaver providers. The FMA commissioned MyFiduciary to test the extent that KiwiSaver providers were ... More>>