Commerce Commission may review general competition issues
What happened
The Commerce Commission may begin reviewing general competition issues. The Commerce Commission's functions and responsibilities are being formally absorbed by the Financial Markets Authority.
From newstalkzb.co.nz
Why it matters
The Commerce Commission's operational existence is dependent on receiving support from the government. Furthermore, the Commerce Commission is formally reviewing Foodstuffs' market concentration and potential structural reorganization.
From newstalkzb.co.nz
Who's involved
- Commerce CommissionNZ government agency that may review general competition issues
- governmentThe governing body that provides support to the Commerce Commission
- Financial Markets AuthorityFinancial regulator that is formally absorbing the Commerce Commission's functions
- FoodstuffsGrocery and liquor retailer cooperative whose market concentration is under review
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- FoodstuffsSpeculative
Foodstuffs might face changes in market structure or pricing due to the Commerce Commission's review of its market concentration.
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The entities involved
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Commerce Commission
NZ government agency
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government
system or group of people governing an organized community, often a state