Displaying items by tag: cartel conduct

Consumer and competition issues in the supermarket sector and essential services including electricity and financial services are among the compliance and enforcement priorities for the year ahead, according to the competition watchdog, the ACCC.

New Zealand's competition regulator the Commerce Commission has warned businesses that agreements they reach with their competitors can result in imprisonment, as it undertakes its latest Scene of a Crime education campaign.

Public sector agencies have been warned to be alert to the potential for collusion between bidders during procurement processes, following a recent ACCC investigation where departmental processes contemplated cooperation by competing businesses on government tenders.

New Zealand regulator and competition enforcement agency The Commerce Commission has filed proceedings at the High Court in Christchurch seeking declarations that consumer loan provider Moola engaged in cartel conduct relating to online advertising on Google Ads.

New Zealand’s competition enforcement agency has got tougher on the country’s cartels, with cartel conduct - including price fixing, market allocation and bid rigging - now punishable with a term of imprisonment of up to 7 years.