New structure, powers for Commerce Commission under reforms

New structure, powers for Commerce Commission under reforms
Major reforms to the way the Commerce Commission operates will be shepherded by current chair John Small. (Image: NZME)
Pattrick Smellie
The Commerce Commission will gain a new ability to seek court-ordered requirements from firms that have harmed competition to take corrective action under one of a suite of reforms to the Commerce Act.Announced by commerce and economic growth ministers, Scott Simpson and Nicola Willis, following the largest review of both the act and the Commerce Commission (ComCom) in 20 years, the reforms will also restructure how ComCom operates.The competition watchdog will end the current practice of ComCom members being both regulatory decision-makers and...

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