As part of our commitment to greater transparency and increasing the public's understanding of what we do and how we do it, we publish our priorities for each financial year.
There are a number of areas the Commission will always regard as a priority due to the potential significant impact on consumers, businesses and markets in New Zealand, or because they are a core part of our statutory role.
Each year we target our resources on specific areas that fall within our remit and which are important to everyday life and the economy. For 2019/20 these are:
Motor vehicle financing and related add-ons
Educating traders about conduct that may contravene cartel laws
Consulting on and complete the fuel market study
Resetting the five-year revenue limits and quality standards for electricity networks
Monitoring and reporting on telecommunications retail service quality
New up-front regulatory rules for fibre broadband services.
Connecting is an important part of increasing our understanding and effectiveness – both individually as a regulator, and as part of the wider regulatory system.
In 2019/20 we connecting with consumers, engaging with business, working across the system, hosting Competition Matters 2019, maintaining relationships with international agencies and ensuring information sharing arrangements between agencies provide appropriate controls to maintain public trust and confidence in the system.
We will continue to contribute to policy development over the coming year to ensure legislation we implement is workable and effective.