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New Zealand Legislation: Bills

Bills are proposed Acts

Hon Simon Power

Commerce Commission (International Co-operation, and Fees) Bill

Government Bill

293—2

As reported from the Commerce Committee

Contents

Part 1
Co-operation with overseas regulators

Subpart 1—Amendments to Commerce Act 1986

4 Principal Act amended

5 Power to search

6 New sections 99B to 99O inserted

99B Purpose of sections 99C to 99O (which relate to assistance to overseas regulators)

99C Definitions of terms used in sections 99B to 99O

99D Restrictions on providing compulsorily acquired information and investigative assistance

99E Government-to-government co-operation arrangements

99EA Regulator-to-regulator co-operation arrangements

99F Content of co-operation arrangements

99G Procedures relating to co-operation arrangements

99H Providing compulsorily acquired information and investigative assistance

99I Conditions on providing compulsorily acquired information and investigative assistance

99J Notice to persons affected by provision of information

99K Reporting on use of co-operation arrangements

99L Sharing of non-compulsorily acquired information not affected

99M Information provided by consent

99N Part 4 information not to be provided

99O Maintenance of privilege

Subpart 2—Amendment to Credit Contracts and Consumer Finance Act 2003

7 Principal Act amended

8 Application of Commerce Act 1986

Subpart 3—Amendments to Fair Trading Act 1986

9 Principal Act amended

10 Power to search

11 New sections 48B to 48N inserted

48B Purpose of sections 48C to 48N (which relate to assistance to overseas regulators)

48C Definitions of terms used in sections 48B to 48N

48D Restrictions on providing compulsorily acquired information and investigative assistance

48E Government-to-government co-operation arrangements

48EA Regulator-to-regulator co-operation arrangements

48F Content of co-operation arrangements

48G Procedures relating to co-operation arrangements

48H Providing compulsorily acquired information and investigative assistance

48I Conditions on providing compulsorily acquired information and investigative assistance

48J Notice to persons affected by provision of information

48K Reporting on use of co-operation arrangements

48L Sharing of non-compulsorily acquired information not affected

48M Information provided by consent

48N Maintenance of privilege

12 Principal Act amended

Legislative history

The Parliament of New Zealand enacts as follows: