NZ Competition Update - Release of the Commerce Commission (International Co-operation and Fees) Bill

Confidentiality is critical for those who supply commercially sensitive documents and information to the Commerce Commission.

However, in an era of trans-Tasman and increasingly global economic integration, the Commerce Commission regularly perceives a need to share information with overseas competition regulators and, in turn, receive their co-operation in the fight against anti-competitive arrangements affecting markets in New Zealand. This need has given rise to the Commerce Commission (International Co-operation and Fees) Bill, which was introduced to Parliament last week. In this update we answer some basic questions about the Bill and its implications for New Zealand business.