New videos and quick guides for businesses and procurers on competition law
The Commerce Commission has launched a new series of videos and quick guides to help businesses and procurers understand
competition law.
“Every New Zealand business, no matter how big or small must comply with the Commerce Act, which promotes competition in
markets for the long-term benefit of consumers. Businesses and individuals can face big penalties and individuals can be
banned from running a company if they are found to have broken the law,” Competition and Consumer General Manager
Antonia Horrocks said.
“Competition between businesses is essential to keep prices low and quality high. It ensures consumers have a range of
choice, and firms have incentives to innovate, invest and operate efficiently.”
“The new resources cover anti-competitive conduct including bid-rigging, price-fixing and allocating markets, which can
have serious negative effects for consumers, other businesses, and taxpayers. They also provide advice for businesses on
how to report illegal activity they or their competitors have been involved in.”
The videos and quick guides were initially prepared by the United Kingdom’s Competition and Markets Authority (CMA) and
have been adapted for New Zealand law by the Commission.
The videos and quick guides can be found here.
Background
The videos and guides are intended to be a high level overview of competition law. Businesses should seek independent
legal advice to ensure they are not at risk of breaching the Commerce Act.