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Rydges Wellington & Auckland4 & 7 September 2017
Stakeholder Update
Agenda
• Introduction
• 2016/17 highlights
• Strategy and enduring priorities
• Consumer and competition priorities
• Regulation priorities
• Questions
• Drinks and nibbles
2
2016/17 HighlightsDr Mark Berry
3
Consumer and credit
• High litigation workload
o One of the highest fines imposed under the FTA against a director
o First prison sentence handed down in a Commission case
• A number of high profile investigations
o Nurofen
o Bike Barn
o Steel mesh
• It’s All Good animations series 2
• Credit fee guidelines
• Red Flags
• Open letter to retailers
4
Competition
• Some of the most complex clearance/authorisation
applications to date:
o NZME/Fairfax
o Sky/Vodafone
• Continuation of cartel cases:
o Real estate
o Livestock
5
Regulation
• Input methodologies review final decisions
• High level snapshots of key performance measures for EDBs
• Gas default price-quality path 2017-22
• Wholesale broadband price drop passed through to
consumers
• Review of non-price features of UBA
6
Looking forward
• Merger appeals
• Powerco CPP
• Broad range of consumer cases
• Collaborative conduct regime
• Website refresh
7
Strategy and prioritiesBrent Alderton
8
Agenda
9
Priority focus areas – 2017/18
• Retail telecommunications
• Greater understanding about the performance of
infrastructure industries
• Making information about infrastructure industries
accessible to a wider audience
• An increasingly efficient and effective process for assessing
proposals by regulated suppliers
• Support of telco legislative review
• Transparency of merger clearance process
• Merger and cartel litigation
• Responsible lending
• Credence claims
10
Competition/consumer prioritiesAntonia Horrocks
11
Competition and consumer
• Competition priority focus areas
o Ongoing cartel cases – real estate and livestock
o Merger litigations – NZME/Fairfax and Vero/Tower
o Improve efficiency/transparency of merger clearance
process
• Consumer priority focus areas
• Responsible lending (including online lending)
• Credence claims
• Retail telecommunications
12
Regulation prioritiesNick Russ
13
Regulation
• Telecommunications Act review
• New framework from 2020
• Input methodologies
• New team in place led by Vanessa Howell
• Stakeholder engagement
• Performance of regulated infrastructure
• Greater understanding
• The importance of good asset stewardship
• Making information more accessible to a wider audience
14
15
16
17
Regulation
• Telecommunications Act review
• New framework from 2020
• Input methodologies
• New team in place led by Vanessa Howell
• Stakeholder engagement
• Performance of regulated infrastructure
• Greater understanding
• The importance of good asset stewardship
• Making information more accessible to a wider audience
18
Questions?
19
20