COVID-19: Anti-competition laws relaxed for business

COVID-19: Anti-competition laws relaxed for business
Pattrick Smellie
The government is instructing its competition watchdog, the Commerce Commission, to "be more flexible than it might be in normal times" to let competing businesses work together, share resources, or take other cooperative measures."Commerce Minister Kris Faafoi issued the instruction "to ensure New Zealanders have access to the products and services they need" as the country responds to the "exceptional circumstances created by covid-19."However, collusion among competitors to fix prices will not be tolerated.“Sectors like supermarkets and tele...

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NZIER's Shadow Board predicts RBNZ will hold, with one exception
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NZIER's Shadow Board predicts RBNZ will hold, with one exception

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Rebecca Howard 05 Jul 2024
Core Crown tax revenue higher than expected in May accounts
Economy

Core Crown tax revenue higher than expected in May accounts

Government tax intake is $1.57 billion higher than forecast, according to the latest Crown accounts.Treasury released the interim financial statements for the 11 months ended May 31 on Wednesday morning, which showed core Crown tax revenue was $111.12b.This was 1.4% more than the...

Staff reporters 04 Jul 2024