Children and young people have what they need
The Commerce Act 1986 has been amended to allow the Commerce Commission to carry out competition studies. The first was a study into retail fuel markets (petrol prices), which made several recommendations aimed at improving competition.
A Fuel Industry Bill (the Bill), introduced in June 2020 as a first step to implementing these recommendations, includes changes to wholesale market arrangements to improve transparency and fairness. Government also aims to strengthen section 36 of the Commerce Act 1986 to prohibit firms with market power from engaging in conduct that substantially lessens competition, as well as increasing penalties for anti-competitive mergers, and improving information sharing between agencies.