The Government is putting in place rules that will make it easier for consumers to compare the price of grocery products at the supermarket.
Commerce and Consumer Affairs
The Water Services Economic Efficiency and Consumer Protection Bill and Water Services Legislation Bill have been introduced to Parliament today, following the passage of the Water Services Entities Act.
The Government will take action to increase competition in the residential building supplies sector following the release of the Commerce Commission’s market study final report.
The Bill to trigger an unprecedented shake-up of the grocery sector and deliver New Zealanders a fairer deal at the checkout and help tackle cost of living pressures is ready for its first reading at Parliament.
The Government has announced moves to increase bank competition and deliver a better deal for New Zealanders with the introduction of open banking.
Better checks to stop vulnerable consumers landing themselves in Buy Now, Pay Later (BNPL) debt traps are on the way, Commerce and Consumer Affairs Minister Dr David Clark announced today.
New Zealanders are not getting a fair deal on some key residential building supplies and while the Government has already driven improvements in the sector, a Commerce Commission review finds that changes are needed to make it more competitive.
The Government is clarifying the Credit Contracts and Consumer Finance (CCCFA) Regulations, to ensure borrow-ready kiwis aren’t being unfairly penalised when applying for a loan.
In its next step to get a better deal for shoppers, the Government will establish a Grocery Commissioner to hold the sector to account and ramp up competition.
The Government has tightened up protections for New Zealanders across the banking and insurance sectors to ensure they get a fair deal.
Legislation that bans major supermarkets from blocking their competitors’ access to land to set up new stores paves the way for greater competition in the sector.
New powers will be given to the Commerce Commission allowing it to require supermarkets to hand over information regarding contracts, arrangements and land covenants which make it difficult for competing retailers to set up shop.
“Food price data shows New Zealanders pay too much for the basics and today’s figures provide more evidence of why we need to change the supermarket industry, and fast," Commerce and Consumer Affairs Minister David Clark says.
Latest annual food price figures released today confirm the need to rein in the super profits of the supermarket duopoly, Commerce and Consumer Affairs Minister David Clark said.
The rules which govern New Zealand’s incorporated societies will be refreshed for the first time in 114 years.
A law to better protect competition has passed its third and final reading, Commerce and Consumer Affairs Minister, David Clark announced today.