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Dawson & Associates Ltd - Dawson & Associates, maritime and fisheries law specialists, Nelson New Zealand

Commerce (Cartels and Other Matters) Amendment Bill 2011 becomes law

 

The majority of provisions of the Commerce (Cartels and Other Matters) Amendment Act 2017 Act came into force on 15 August 2017.  The Act amends the Commerce Act 1996 to enable pro-competitive collaboration between firms, but deter hard core cartel behaviour.

The amendments propose to provide further protection from anticompetitive behaviour by expanding the range of prohibited conduct to include price fixing, restricting output, and allocating markets.  Amendments include increased penalties.

Most of the changes come into effect immediately.  New provisions dealing with international liner shipping coming into effect in two years.

More information on the reform can be viewed on the MBIE website.

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