Big Food backs changes to s.36 of Commerce Act to curtail power of big supermarkets

Tue, 28 Jun 2016

By Jonathan Underhill June 28 (BusinessDesk) - The Food & Grocery Council says New Zealand's main law to tackle anti-competitive behaviour, section 36 of the Commerce Act, should be amended to include an "effects test" and the Commerce Commission be given expanded remedies including an "unconscionability provision". The council, whose members include Nestle, Fonterra Cooperative Group, and Goodman Fielder, made the comments in its submission to the Ministry of Business, Innovation & Employment's targeted review of the Commerce Act. It co...

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