iTWire Friday, 09 April 2021 11:30 NZ Commerce Commission revises cartel leniency, immunity policy Featured Anna Rawlings, Commerce Commission Chair
New Zealand’s competition enforcement agency, The Commerce Commission, has issued a revised cartel leniency and immunity policy and revised template leniency agreement.
The
cartel leniency and immunity policy has been updated to reflect changes to the Commission’s cartel leniency policy resulting from the introduction of the new criminal cartel offence which
As
reported earlier by iTWire, the Commerce Commision has got tougher on the country’s cartels, with cartel conduct - including price fixing, market allocation and bid rigging - now punishable with a term of imprisonment of up to 7 years.