Law aimed at supermarkets' anti-competition covenants set to pass

Law aimed at supermarkets' anti-competition covenants set to pass
MPs say they did not have enough time to deal with all the changes needed to prevent supermarkets' anti-competitive covenant behaviour. (Image: Getty)
Ian Llewellyn
Legislation curtailing supermarket chains’ ability to use property covenants to prevent competition is set to pass this week, though the final shape of the law is not yet known.The government is working to pass the Commerce (Grocery Sector Covenants) Amendment Bill by Thursday, with its second reading due today.After a shortened consideration process, the economic development, science and innovation select committee recently reported back on the bill. It urged the government to bring in further changes at the committee stage on some...

More Property

Leighs opts out of Scott Base build
Infrastructure

Leighs opts out of Scott Base build

The Antarctic contractor is focused on offices, healthcare and apartments.

Oliver Lewis 09 May 2025
Two housing projects snare first fast-track panels
Policy

Two housing projects snare first fast-track panels

Applications opened on Feb 7. Now we have our first panels.

Oliver Lewis 08 May 2025
NZ Super Fund, Russell, Lockwood want to sell $600m+ hotel portfolio
Property

NZ Super Fund, Russell, Lockwood want to sell $600m+ hotel portfolio

The Adina Apartment Hotel Auckland is one of seven properties for sale.

Staff reporters 07 May 2025
Property flipping 'pushing up prices': Valuer
Property

Property flipping 'pushing up prices': Valuer

Rapid trading, sometimes on the same day, is hurting low-income buyers, valuer says.

Maria Slade 07 May 2025