Acting for Shell on competition law aspects of Shell’s exit from its New Zealand upstream business through sale to its competitor OMV New Zealand. Counterparts in the United Kingdom include the Competition and Markets Authority and Office of Gas and Electricity Markets, and the Commission for Communications Regulation in Ireland. As with any law change, a majority of Parliament must vote in favour of the changes before they become law. The first major reform to trust law in the lifetime of most New Zealand lawyers will occur on 30 January 2021 when the Trusts Act 2019 comes into force. The term “collaborative activity” is defined as an enterprise, a venture, or an activity, in trade, that is: 1. ca… The company was founded in San Francisco, USA, in 1969 and expanded its service throughout the world by the late 1970s. On the operational side, the Commerce Commission engages with regulated parties and consumer and business stakeholders through regulatory processes and standard stakeholder engagement opportunities including: The Commerce Commission holds a biennial Competition Matters conference to raise awareness of current competition and regulation issues. Changes to competition laws and policies, proposed or adopted 20. Particular industry associations, as required – eg Payments NZ, NZ Franchise Association, NZ Shipping Council, International Container Lines Committee. It also lists the main statutes and changes to regulation either planned or in progress. All finalists will win a pair of Allbirds, the world's most comfortable shoes. Reminder - law change re giving away wine (competition prizes, etc.) We will review this information at least quarterly and update timeframes as required. This information is provided by the Gambling Group. 2. Organising Committees for the Olympic Games. A ruling issued in terms of section 6(2)(a) of the Maintenance and Promotion of Competition Act, 1979 (Act 96 of 1979), or notice issued in terms of section 14(1)(c) of that Act, in relation to an “acquisition” as defined in that Act, must be regarded for purposes of this Act, … 5. The Trusts Act 2019 passed on 30 July 2019 and replaces the Trustee Act 1956. 3. Our role is to enforce laws relating to fair trading, competition, and consumer borrowing. FINA Constitution - Valid from 23.11.2020. The Act gives more protections for employees, especially vulnerable workers, and strengthens collective bargaining and union rights in the workplace. Approved by the FINA Congress in Gwangju (KOR) on 19 July 2019. The Commerce Commission participates in the Council of Energy Regulators to promote effective coordination of regulatory efforts across the competition and energy regulatory systems. Our news | Published 09 April 2021. This is expected in early 2020. Review of Civil Aviation Act 1990 and Airport Authorities Act 1966. Given the width of the new cartel law, the exceptions are critical. The Minister of Local Government is leading engagement with stakeholders, iwi and Māori through various forums and processes. View more news & media ». Teams should make every effort to decide at their last training session of the week if they can fulfil Apple accused of breaking UK competition law by overcharging for apps. Get the latest News from New Zealand and the world. The Commerce Amendment Act 2018 amended the Commerce Act 1986 (the Commerce Act) to give the Commerce Commission the ability to undertake market studies to determine whether there are any factors that may be impeding competition in a market. Education. In April 2019, the Government passed a new law changing the rules for how financial advice is provided to retail clients. Further consultation in 2020 is anticipated in giving effect to the recommendations. Market study into retail fuel. The DOJ says they did not pay taxes through this LLC from 2007 to 2011 and in 2018. Building Act 2004. Due to the Commission finding that the threshold for a larger merger, as defined in the Competition Act, was met. The contractor is expected to consult with key parties in conducting the assessment. The Amendment Act radically changes the face of South African competition law and will have … The regulatory framework is now well understood by industry and investors. Please note: This content will change over time and can go out of date. Fully counteracting New Zealand’s size and distance disadvantages through competition law or other public policy avenues is likely to be unachievable, but an ongoing focus on: maintaining high quality competition law and institutions; competitively neutral government trading and procurement; and minimising domestic and international barriers to competition, is likely to deliver the best long term outcomes for consumers. Objectives of the changes. Review of Section 36 of the Commerce Act and Other Matters, Ensure the prohibition against taking advantage of substantial market power is well-targeted and effective, Assess the need for the exemption for intellectual property. The Financial Advisers Act 2008 has been repealed. In markets with little or no competition, the economic regulation provisions in Part 4 of the Commerce Act 1986 are delivering outcomes similar to those in competitive markets following a considerable bedding-in period. Our team has unparalleled expertise in this complex field, combining legal and economic discipline with the experience of team members as regulators and advisors. The Competition and Markets Authority (CMA) … Following a request from the Minister of Commerce and Consumer Affairs, the Commission initiated a market study into the retail fuel market. 486.99 KB. It contains both criminal and civil provisions aimed at preventing anti‑competitive practices in the marketplace. For this reason, the Part 4 regime will form the basis of a new regime for regulating fixed line telecommunication services. 1. Seequent, selling data visualization software from Christchurch to … Companies Act 1993. From 11 February 2021, multiple changes to tenancy legislation took effect. The new financial advice regime started on Monday 15 March 2021. The Olympic Partners programme. It’s intended that the changes will mean house prices increase less quickly, providing more opportunities for first-home buyers, and less competition from investors. Long Term Plan 2021 - 2031 Consultation. The Amendment Act will begin on a date to be proclaimed by the President in the Government Gazette. In the economic regulation area, the impact of emerging technologies on the electricity market is likely to be an area requiring ongoing monitoring and evaluation to ensure the current regulatory settings are able to deal with any different industry and market structures. LAWS 549: Special Topic:International Climate Change Law and Policy (2020, 2018, 2017, 2016, 2015) LAWS 550: Special Topic: Internship (2021, 2019, 2018, 2017, 2016, 2015) LAWS 551: Special Topic: NZ and Australian Intellectual Property Law (2021, 2019, 2018, 2017, 2016) LAWS 580: Introduction to the Common Law (2015) Responsible for providing a range of advice, information, advocacy and education to the public on the Commerce Act, and to the Minister as part of market studies or economic regulation inquiries. The judges’ favourite policy idea from an individual will win $150. Read this article – and more – for a 30 day period. ComCom lawyer would like to see competition law changes The Commerce Commission's principal counsel for competition, David Blacktop, would like to see smaller mergers exempted from competition law and the commission given a wider range of remedies. Introduction of bill in late 2019 or early 2020. The Commerce Commission processes are recognised as being open and highly transparent through the use of conferences for interested parties and the publication of issues papers and draft decisions where submissions are sought. Anyone who runs a business in New Zealand must comply with the Commerce Act, which aims to promote competition in markets for the long-term benefit of consumers. The addition of a market studies power for the Commerce Commission and moving international shipping into the Commerce Act support this overall strategy. To help continue to ensure this, the Commission Board has implemented a new cycle of strategic dialogue and is increasingly focusing on strategic risks and opportunities. NZTE has helped us along that journey. [Commencement of Sch 2: 1 September 1999.] About market studies. Culture and Heritage. The Justice Department has sued former Trump campaign adviser Roger Stone and his wife, Nydia, for $2 million dollars in unpaid taxes. SCHEDULE 3 Transitional Arrangements. Responsible for some operational policy matters related to competition institutions, including monitoring the Commerce Commission and administering of cost recovery levies. During the reporting period, no changes were made to the Commerce Act, New Zealand’s key competition statute. Reminder - law change re giving away wine (competition prizes, etc.) (9) If the prize competition is ancillary to entertainment, the result must be determined while the entertainment continues. practitioners and academics who work on competition and economic regulation issues. Significant reforms to New Zealand competition law are one step closer following a recommendation by the Commerce Select Committee that the Commerce (Cartels and Other Matters) Amendment Bill ( the Bill) be passed with various amendments. Stream to your smart TV, game console, mobile, tablet and more… for free. (10) Unless the prize competition is ancillary to entertainment, the result of the prize competition must be declared within 3 months of tickets first being offered for sale and within 14 days after ticket sales cease. The competition regulatory system and its processes are generally well understood by stakeholders despite the inherent complexity in some of its components. By Karry Lai; January 15 2018 To access our in-house intelligence please request a trial here. Strengthening the Commerce Commission’s powers to regulate distributors’ performance, Strengthening consumer voice in regulatory processes. Related project: Review of Succession Law. It takes an army of people to build a software platform that's used globally. In December 2018, the State Services Commissioner issued model standards for information gathering associated with regulatory compliance, law enforcement and security functions. What do I need to know? The final will then be between the top two teams in the combined competition table. Almost 20 million users could be eligible for compensation, with £1.5bn damages sought . Commission review of fibre input methodologies – cross-submissions on emerging views paper. How the changes to Chinese anti-unfair competition law work. Further consultation will occur once a Bill is introduced to the House through the Select Committee process. Provides expert advice and information to input into strategy and policy advice functions (eg advising on the operational implications of policy options). However, the emergence of the digital economy, changing inward and outward trade flows, and greater integration of international supply chains is increasing complexity of some clearance and authorisation decisions is likely to see the time taken to assess these applications continue to extend consistent with the experiences of comparable regulators in other jurisdictions. Law Commission in the news | Published 15 April 2021. This report summarises the major developments in New Zealand’s competition law, the enforcement of that law and in competition policy generally, over the period 1 September 2002 to 31 August 2003. Melanie Carroll 12:00, Apr 15 2021. Competitions can be illegal lotteries unless skill is required. The Sale and Supply of Alcohol Act 2012 came into force late last year, bringing into effect significant changes to the rules relating to the promotion of alcohol. MBIE, in collaboration with the Commerce Commission, is to commission a baseline review of the Commerce Commission’s level of funding. This page describes the competition regulatory system, its objectives and our qualitative assessment of it. This review impacts on the competition regulatory system through: Assessing the merits of the sector-specific regime for authorisation of international civil aviation agreements, Reviewing the obligations of airport authorities as it relates to setting prices for specified airport services. Changes for collective bargaining, collective agreement and unions. The past few weeks have seen an assortment of interesting developments on the competition law front, including: the final penalties order regarding the long-running real estate agency cartel proceedings; the New Zealand Commerce Commission ( NZCC) signing a new framework enhancing cooperation between international competition regulators; An independent contractor will be appointed to assess the Commission’s efficiency and effectiveness and the required level of funding to meet its current and anticipated work. The Act clarifies and modernises existing trust law and comes with some significant changes. May 2018 marked the end of the transitional period for the new civil cartel law – all arrangements with actual/potential competitors must now be compliant. Competition law - the basics. NZ Herald Law Commission proposes changes to 'out of date' succession legislation. Monitors and evaluates the Government’s regulatory management strategy, including regulatory impact assessments. This review may impact on the competition regulatory system as it assesses the case for economic regulation of water infrastructure and services to ensure that consumers’ long term interests are protected and services are value for money. Firms involved in anti-competitive behaviour may find their agreements to be unenforceable and risk being fined up to 10% of group global turnover, as well as exposing themselves to possible damages actions. The value of regulatory assets currently subject to regulation under the competition system is over $16 billion. The Commission provides assistance to developing competition agencies in ASEAN and Pacific countries. Governing Bodies. On 14 February 2019 the President assented to the Competition Amendment Act, 18 of 2018 (Amendment Act). In addition to MBIE, the Commission also engages with officials from the Ministry of Primary Industries in relation to its responsibilities under the Dairy Industry Restructuring Act 2001 and is well placed to support the Department of Internal Affairs in its Three Waters Review involving the potential economic regulation of water infrastructure. 89 of 1998. Many of the changes are familiar to employers, as they roll the law back to how it was as recently as 2015. On 24 October 2018, the Commission was provided with new powers to undertake studies to consider how well competition is working and whether it can be improved. Commerce and Consumer Affairs(external link). Crawford summarises the (sparse) economic literature on competition in New Zealand as falling into three main categories, or mixes of them: ; From the start of the new financial regime (Monday 15 March 2021), if you plan to … While outside the competition regulatory system as defined, numerous sector-specific policy teams in MBIE and across government are responsible for the strategy and policy advice functions relating to their sectors or functions. Promoter’s Limitation of Liability ... • Any changes to travel dates or additional accommodation outside the travel period ... Competitions are open to New Zealand residents only. The system is foundational for New Zealand, as it provides for principle-based standards and processes to protect and promote competition in markets for goods and services on an economy-wide basis. Funding for the Commerce Commission is a generally a fraction of comparable overseas jurisdictions, but the outputs delivered are of a high quality based on international rankings of competition and economic regulators. This includes developing rules and processes for regulated businesses, making determinations on applications, and general enforcement and regulatory control policies and priorities. These findings were reflected in the regulatory system assessment completed in 2015. Competitive markets help to keep prices down and ensure that the quality of goods and services remains high. He told MPs on the European Scrutiny Committee that a revolution was needed to "normalise" EU law still on Britain’s rulebook and return them to UK common law traditions, which are "lighter touch" and less risk averse. New Zealand Rugby has confirmed two rule changes and one reinforced focus for the Super Rugby Aotearoa competition. The Financial Markets Conduct Act 2013, (as amended by the Financial Services Legislation Amendment Act 2019), sets out the duties that apply to providers and individuals. Prize money will be direct credited to the winners’ accounts. The CMA has been monitoring reports of changes to sales and pricing practices during the coronavirus (COVID-19) outbreak. The essay competition is open to secondary school students in New Zealand. Its work spans structuring joint venture and exclusive supply arrangements, obtaining clearances and authorisations for mergers, as well …
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