ComCom, FMA litigation funds get pruned

There's been plenty of litigation at the high court in Auckland. (Image: Getty)

Thu, 18 May 2023

The Commerce Commission and Financial Markets Authority have had their respective litigation funds pruned as part of the government’s plan to rejig $4 billion of spending. The commission has had its baseline funding trimmed by $2 million a year for the next four years, which the budget put down to “historic underspends” while the FMA’s $3m return from the current financial year is a “one-off return of unspent funding”. The Commerce Commission has $12.6m budgeted for its litigation fund in the June 2...

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