The application of the new (broader) Commerce Act means restrictions to business.
The Commerce Act was recently amended to:
- broaden the previous price fixing prohibition to capture a broader range of conduct (price fixing, output restriction and market allocation arrangements between competitors)
- include new exceptions for collaborative activities, vertical supply contracts, and joint buying and promotion agreements.
The effect of these changes is to potentially make illegal arrangements and understandings which would have previously been fine. Understanding the new law is particularly important for:
- larger businesses and owners of infrastructure assets
- any business which operates as both a wholesaler and a retailer
This session will provide an overview of the new law, how it might apply to your business and what you can do in practice to make sure you don’t fall foul of it. Feel free to bring your own lunch along to this session.
Presenter: Geoff Caradus
Geoff is a Partner at Pitt & Moore and heads Pitt & Moore’s commercial and competition law teams. He has previously acted for some of the largest companies in New Zealand on competition law matters, but now focuses on providing more practical advice to the businesses in our region.