Hon Lianne Dalziel
Minister of Commerce, Minister for Food Safety,
Associate Minister of Justice, MP for Christchurch East
Media Statement
9 September 2008
Bill allows Commerce Commission to cooperate internationally
A Bill enabling greater cooperation between the Commerce Commission, its Australian counterpart, and other overseas
regulators was introduced into Parliament today by Commerce Minister Lianne Dalziel.
The Commerce Commission (International Co-operation, and Fees) Bill allows the Commission and its equivalent overseas
agencies to share information and assist each other in investigations of unfair trading practices and anti-competitive
behaviour.
"International cooperation between regulators is becoming increasingly important in the global marketplace. This Bill
will directly benefit New Zealand businesses and consumers and assist the promotion of open and dynamic markets," Lianne
Dalziel said.
"The proposals are part of the government’s work towards supporting a Single Economic Market with Australia. Australia
introduced similar legislation last year, enabling it to share information with us and other international regulators.
It is important that we reciprocate as the most tangible benefits will come from improved cooperation with our Tasman
neighbour.
"The Bill will strengthen the Commission’s ability to share information and provide investigative assistance which, in
turn, will make overseas regulators more likely to help us. It is this mutual assistance that will ultimately promote
the operation of fair and effective markets – and that is good for our consumers and businesses."
The Bill also makes minor amendments to require the Commission to make refunds, where appropriate, and allow for fee
exemptions for particular groups including small businesses.
ENDS