Supermarket law aimed at land covenants

The government says it is committed to boosting competition in the grocery sector to ensure people pay fair prices for food and other basics

Staff reporters

Thu, 19 May 2022

As part of its cost-of-living package for Budget 2022, the government is introducing urgent legislation to stop supermarket chains from blocking competitors from accessing land for new stores.Finance minister Grant Robertson said the government was committed to boosting competition in the grocery sector to ensure people pay fair prices for food and other basics.The Commerce Commission’s market study of the grocery sector found restrictive covenants over land were a major barrier to supermarkets accessing new sites.“Such covenants wi...

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