Restrictive supermarket covenants banned

Restrictive supermarket covenants banned

FGC welcomes the passing of legislation banning covenants that impede the development of land or the use of a site for a grocery store. The Commerce (Grocery Sector Covenants) Amendment Act 2022 deems such covenants as substantially reducing competition in the grocery...
Proposal to broaden scope of covenants

Proposal to broaden scope of covenants

FGC’s revealing submission on restrictive supermarket leases has been acted on by a select committee. The report-back on the Commerce (Grocery Sector Covenants) Amendment Bill by Parliament’s Economic Development, Science and Innovation Committee includes a proposal...

Anti-competitive behaviour on leases revealed

The Government and Opposition have vowed to clean up the New Zealand supermarket sector. It’s fair to say that in accepting 12 out of 14 of the Commerce Commission’s recommendations, and taking stronger action on the other two, the Government has gone further than...
Further anti-competitive behaviour by supermarkets revealed

Further anti-competitive behaviour by supermarkets revealed

FGC has revealed further anti-competitive behaviour by supermarkets, this time regarding the leases on their premises. Chief Executive Katherine Rich told the parliamentary select committee hearing the Commerce (Grocery Sector Covenants) Amendment Bill the leases ban...