The Government is looking to crack down on merger rules.

The Ministry of Business, Innovation and Employment is reviewing the Commerce Act - which could lead to blocking more proposed mergers and acquisitions. 

It's also hoping to give the Commerce Commission more teeth.

Commerce and Consumer Affairs Minister Andrew Bayley says they're making sure the laws are fit for purpose.

"We've got a number of industries where we've got a small number of players who've got very significant market shares - and it means less innovation happening and more New Zealanders paying more than they ought to."

LISTEN ABOVE

The Government is looking to crack down on merger rules.
The Ministry of Business, Innovation and Employment is reviewing the Commerce Act - which could lead to blocking more proposed mergers and acquisitions.&nbsp;
It's also hoping to give the Commerce Commission more teeth.
Commerce and Consumer Affairs Minister Andrew Bayley says they're making sure the laws are fit for purpose.
"We've got a number of industries where we've got a small number of players who've got very significant market shares - and it means less innovation happening and more New Zealanders paying more than they ought to."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Andrew Bayly: Commerce and Consumer Affairs Minister on the Government's planned crackdown on mergers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6bd869d5-34a8-49e8-aa35-b23d0050442f/transcript