New Zealand: Implemented Commerce Act 1986 containing unilateral conduct regulation

On 1 May 1986, the Commerce Act was implemented. The Act aims to prevent actions that significantly lessen competition in the market. It includes provisions against entering into, enforcing, or giving effect to contracts, arrangements, or understandings that could substantially reduce competition. Additionally, it addresses the misuse of market power by prohibiting entities with substantial market power from engaging in conduct that lessens competition in their market or any related market.