A PYMNTS Company

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

By  |  January 7, 2013
New Zealand: Investors claim Commission too focused on consumer rights, call for overhaul

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: Radio New Zealand News

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.