Post-conference Market Study submissions published
- Richard Irvine
- Dec 22, 2021
- 1 min read
The Commerce Commission has published the Grocery Market Study post-conference submissions. NZFGC’s submission on measures required to facilitate competition includes the following recommendations:
urgent introduction of a mandatory Code of Conduct based on the UK’s, or on the Australian code but with a UK-style independent adjudicator
regulation to address the conflicts of interest with private labels
Commerce Act section 36 reform, including confirmation that the major supermarkets have “Substantial Market Power”
other section 36 reforms should be considered
giving the Commission power to issue ‘block authorisation’ and related collective bargaining authorisation
A broader review of all ownership interests of the majors and associated parties to assess overall market power issues (including horizontal, vertical and conglomerate issues)
greater accounting / operational transparency and mandatory notification of acquisitions
