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New Zealand's misuse of market power measures risk double standard with Australia, lawmakers say

By Laurel Henning ( September 22, 2021, 02:54 GMT | Insight) -- Companies operating in Australia and New Zealand must face the same misuse of market power laws as those only operating in New Zealand, a recent parliamentary report says. In the report from New Zealand's Economic Development, Science and Innovation Committee, policymakers have said updates to the country’s 1986 Commerce Act must avoid a double standard over where a firm has substantial market power. The report is a step forward for updates to New Zealand’s competition laws, which must still go through two more readings in parliament as well as a debate by the whole house before they can enter into law.Companies operating in Australia and New Zealand must face the same misuse of market power laws as those only operating in New Zealand, a recent parliamentary report says....

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