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. It is an independent, quasi-judicial body, established under the Commerce Act 1986. The purpose of the Act is to promote competition in New Zealand's market economy. It prohibits conducts that restricts competition (restrictive trade practices) and the purchase of a business's shares or assets if that purchase leads to a substantial lessening of competition in the market.
Read more about Commerce Commission: Introduction, Cartel Leniency Policy, Regulated Industries, Commission Members
Famous quotes containing the words commerce and/or commission:
“Friendship is a disinterested commerce between equals; love, an abject intercourse between tyrants and slaves.”
—Oliver Goldsmith (1728–1774)
“A sense of humour keen enough to show a man his own absurdities as well as those of other people will keep a man from the commission of all sins, or nearly all, save those that are worth committing.”
—Samuel Butler (1835–1902)