Commerce Minister Goldsmith drops bid to criminalise cartel behaviour

Tue, 08 Dec 2015

By Paul McBeth Dec. 8 (BusinessDesk) - Commerce Minister Paul Goldsmith has backed down on criminalising hard-core cartel behaviour after strong opposition from businesses claiming it would have a chilling effect on the market, leaving New Zealand out of step with the US, UK, Canada and Australia. The Commerce (Cartels and Other Matters) Amendment Bill hasn't been debated in Parliament for more than a year when it passed second reading, having first been tabled four years ago after an extensive drafting process. Goldsmith today said he p...

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