Commerce Act 1986
Encyclopedia
The Commerce Act 1986 is a statute of New Zealand
. It prohibits conduct that restricts competition and purchase of shares or assets where that would lessen competition in a market.
As well as generally governing markets, the Act gives the Commerce Commission
particular powers in relation to services provided by electricity lines businesses, gas pipeline businesses and airports.
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
. It prohibits conduct that restricts competition and purchase of shares or assets where that would lessen competition in a market.
As well as generally governing markets, the Act gives the Commerce Commission
Commerce Commission
The Commerce Commission is a New Zealand government agency charged with enforcing legislation that promotes competition in the country's markets and prohibits misleading and deceptive conduct by traders...
particular powers in relation to services provided by electricity lines businesses, gas pipeline businesses and airports.