Commerce Commission could be given power to bust monopolies

Duncan Webb says current competition law is too passive and reactive. (Image: NZME)

Tue, 10 Oct 2023

A Labour government would review competition law with a view to giving the Commerce Commission the power to break up monopolies. Duncan Webb, the commerce and consumer affairs spokesperson, said the Commerce Act was too passive, and if the Labour party were re-elected, it would look closely at whether the act should be amended to beef up the competition regulator’s powers, including breaking up dominant firms. He said the Commerce Commission’s existing powers stopped the accumulation of market power or prevented abuse...

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