Crackdown on land covenants a waste of time, says 2degrees founder Tex Edwards

$Crackdown on land covenants a waste of time, says 2degrees founder Tex Edwards$

Duopoly buster and 2degrees founder Tex Edwards. (Image: NZME)

Mon, 24 Jul 2023

The Commerce Commission has studied competition in major industries – fuel, supermarkets and building supplies – three times, and three times covenants on land deals have been identified as a significant issue.In a case of ‘fool me thrice’, the government has accepted the commission’s advice to investigate the issue across all sectors, but the founder of Monopoly Watch, Tex Edwards, said it’s just a distracting sideshow.He told BusinessDesk the horse has already bolted on covenants and that spending...

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