MBIE monopoly power reform paper puts forward Opposition proposal rejected by govt

Tue, 17 Nov 2015

By Paul McBeth Nov. 17 (BusinessDesk) - A government paper into the abuse of monopoly power has thrown up an option aligning New Zealand with Australia's approach, which was previously shot down by the Crown 16 months ago in favour of reviewing the law. The Ministry of Business, Innovation and Employment is calling for submissions on specific provisions of the Commerce Act, which it says aren't fit for purpose in that they fail to punish anticompetitive conduct by powerful firms to the detriment of consumers, are too complex for cost-effe...

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