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New Zealand: Lawmakers explore competition watchdog power expansions

By  |  February 18, 2014

Lawmakers in New Zealand are reportedly looking to expand the powers of the Commerce Commission in efforts to crackdown on anticompetitive behavior as some politicians say collusive business practices can fall through the cracks.

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    Reports say the Labour party is looking to extend the Commission’s ability to crackdown on collusion, including practices like below-market pricing.

    According to one expert, the small nature of New Zealand’s market makes the nation’s economy especially susceptible to anticompetitive behavior.

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