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New Zealand: Investors claim Commission too focused on consumer rights, call for overhaul

By  |  January 7, 2013

The New Zealand Commerce Commission has been forced to defend its role against accusations by investors that the antitrust authority is too focused on advocating for consumer rights. According to reports, some are calling for an overhaul of the entire body, citing a decision last December by the Commission to require price cuts by phone network operator Chorus, resulting in the company’s price share to fall by as much as one-fifth. Telecommunications Commissioner Stephen Gale defended the Commission’s decision, arguing in a statement that by acting in the best interest of consumers, a healthier market will emerge.

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