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New Zealand updates competition law with stronger merger oversight, faster reviews, and new enforcement powers.
New Zealand’s Commerce (Promoting Competition and Other Matters) Amendment Bill introduces major updates to competition law, including a streamlined notification system for business collaborations, a class exemption power for low-risk activities, and enhanced merger oversight to prevent cumulative market concentration.
The bill grants the Commerce Commission new powers to pause transactions, require asset separation, and enforce corrective action orders.
Clear timeframes for reviews—140 days for clearances and 160 for authorizations—provide greater business certainty.
Updated confidentiality rules and a clearer predatory pricing test aim to strengthen enforcement.
The bill is under review by the Economic Development, Science and Innovation Committee.
Nueva Zelanda actualiza la ley de competencia con una vigilancia más estricta de las fusiones, revisiones más rápidas y nuevos poderes de aplicación.