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


Addressing global competition and consumer issues

Commission joins forces with Australia and UK to address global competition and consumer issues

Greater global co-operation in combating cross-border breaches of competition and consumer legislation was announced today by Commerce Commission Acting Chair Paula Rebstock.

The announcement follows the official signing of a Memorandum of Understanding between competition authorities in New Zealand, Australia and the United Kingdom.

The memorandum recognises the advantages of co-operation arrangements and information exchange for enforcement liaison and treatment of confidential material among the agencies in relation to the competition and consumer laws they enforce. For the Commerce Commission, this includes the Commerce and Fair Trading Acts.

"As businesses are becoming increasingly globalised, the benefits from co-operation and co-ordination of competition and consumer law internationally are increasing," said Ms Rebstock.

"This agreement will continue to build on existing relationships to tackle cross-border scams and to increase the information available to each agency when dealing with international corporates and global mergers," she said.


The Memorandum of Understanding is between the Australian Competition and Consumer Commission (ACCC), the New Zealand Commerce Commission and Her Majesty's Secretary of State for Trade and Industry and the Office of Fair Trading (OFT) in the United Kingdom.

The Commerce Commission has had a Co-operation and Co-ordination Agreement with Australia since 1994. New Zealand has a tripartite co-operation agreement with Chinese Taipei and Australia on the application of competition and consumer legislation. The New Zealand Commerce Commission has a tripartite co-operation agreement with its Canadian and Australian counterparts (the Canadian Competition Commission and the ACCC).

The Commerce Commission is currently in negotiation with the United States Federal Trade Commission in relation to a similar Memorandum.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Government: Delivering Lower Card Fees To Business

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses ... More>>

SEEK NZ Employment Report: April 2021

OVERVIEW OF APRIL 2021: STATE OF THE NATION: April, for the second consecutive month, saw the highest number of jobs ever advertised on Applications per job ad fell 9% month-on-month (m/m). SEEK job ads were up by 12% m/m. SEEK job ads were ... More>>

Commerce Commission: Warns Genesis Over Business Billing Errors

The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More>>

Stats: Lower Job Security Linked To Lower Life Satisfaction

People who feel their employment is insecure are more likely than other employed people to rate their overall life satisfaction poorly, Stats NZ said today. New survey data from the March 2021 quarter shows that 26 percent of employed people who thought ... More>>

The Conversation: The Outlook For Coral Reefs Remains Grim Unless We Cut Emissions Fast — New Research

A study of 183 coral reefs worldwide quantified the impacts of ocean warming and acidification on reef growth rates. Even under the lowest emissions scenarios, the future of reefs is not bright. More>>

The Conversation: Why Now Would Be A Good Time For The Reserve Bank Of New Zealand To Publish Stress Test Results For Individual Banks

Set against the backdrop of an economy healing from 2020’s annus horribilis , this week’s Financial Stability Report (FSR) from the Reserve Bank (RBNZ) was cautiously reassuring: the country’s financial system is sound, though vulnerabilities remain. More>>