Our Annual Report will shortly be tabled in Parliament. 2011/12 was another successful year for us in which we made real progress towards achieving our goals of more competitive markets, better informed consumers, and better targeted and more effective regulation.
With billions of dollars at stake in the Christchurch rebuild, the Commerce Commission is turning its attention to assisting those involved in the reconstruction to understand and avoid being part of anti-competitive activities such as collusion, bid rigging or price fixing.
How does an agency such as the Commerce Commission show that it is achieving what it is supposed to? During a recent visit to New Zealand, leading competition law academic and former head of the US Federal Trade Commission, Professor William Kovacic tackled this question.
The Commission has recently given its views on proposed changes to the Commerce Act. The Commerce (Cartels and Other Matters) Amendment Bill proposes significant changes to the price fixing prohibition and other amendments to the Commerce Act on a range of issues, from jurisdiction to merger enforcement.
The Commerce Commission has a new initiative aimed at lifting understanding of how competition and consumer laws are applied in the health and disability sector. It’s part of our growing focus on using advocacy as a means of raising levels of awareness of the benefits of competition and through this, raising levels of compliance with competition and consumer laws.