‘Ambitious’ reviews of Commerce Act and Commerce Commission unveiled

Commerce and Consumer Affairs Minister Andrew Bayly. (Image: NZME)

Thu, 05 Dec 2024

The Government is embarking on an “ambitious” review of the Commerce Act that could see more proposed mergers and acquisitions blocked.The Ministry of Business, Innovation and Employment (MBIE) is starting to consult on changing the country’s cornerstone competition law to give the Commerce Commission more teeth.It’s looking into cracking down on “creeping acquisitions” – companies making small acquisitions that don’t affect the make-up of the market they operate in on their own but cumulatively r...

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