New Zealand: Implemented Commerce Act 1986 containing merger control regulation

On 1 May 1986, the Commerce Act 1986 containing merger control regulation was implemented. This law establishes guidelines for the review of mergers and acquisitions to ensure they do not substantially lessen competition in any market. It includes provisions for the prohibition of anti-competitive acquisitions and sets out the conditions under which certain acquisitions are exempt. The legislation aims to maintain fair competition by preventing mergers that could potentially dominate the market, ensuring a competitive market environment.