We enforce legislation that promotes competition in New Zealand markets and prohibits misleading and deceptive conduct by traders. The Commission also enforces a number of pieces of legislation that, through regulation, aim to provide the benefits of competition in markets where effective competition does not exist. This includes in the telecommunications, dairy, electricity, gas pipelines and airport sectors.
The Commission is an independent Crown entity established under section 8 of the Commerce Act 1986. The Commission is not subject to direction from the government in carrying out its enforcement and regulatory control activities. The Commerce Commission's purpose is to achieve the best possible outcomes in competitive and regulated markets for the long-term benefit of New Zealanders.
Our Vision and Strategy 2017-2022
In 2016 we finalised our 5 year vision and strategy, bringing together much of what we have been focusing on across the organisation in one document. It is future focused and provides clarity and direction around what the Commission is doing and why.
Our vision is that New Zealanders are better off because markets work well and consumers and businesses are confident market participants. Our vision and strategy outlines the three strategies we will follow over the next 5 years to achieve this.
We produce excellent work that stands up to scrutiny. We continually look for ways to improve. We recruit and retain excellent people and support their development.
Our independence inspires the trust and confidence of New Zealanders. We are fair, honest and impartial.
We answer to New Zealanders for the work we do and the money we spend. We take individual responsibility to deliver what we say we will.
We work together, support and respect each other. We value the diversity of people and their opinions.
We understand the environment in which we operate and the impact of our actions. What we do is relevant and useful. We are proactive and flexible and look for common sense solutions.
A brief summary of legislation the Commerce Commission enforces
The Commerce Commission's structure
The Governor-General, on the recommendation of the Minister of Commerce and Consumer Affairs, appoints Commission members for their knowledge of, and experience in, areas relevant to the Commission's interests. The Telecommunications Commissioner is appointed on the recommendation of the Minister for Communications and Information Technology.
Information about the Commerce Commission's Senior Leadership Team.
The Commission produces a Statement of Intent and a Statement of Performance Expectations and report against these via the Annual Report. Performance is measured against a set of Output Measures.
The Commission is committed to publically releasing updates on our performance every four months. The updates show our key highlights from the period and how we are progressing towards our performance targets.
While the Commerce Commission is an independent crown entity, to achieve our outcomes we often need to work cooperatively with other agencies and organisations. These Memorandums of Understanding formalise our cooperation agreements.
The Commerce Commission is part of a global network of similar competition law enforcement and regulatory agencies.
Commission submissions on Government consultations.