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The Commerce (Promoting Competition and Other Matters) Amendment Bill is expected to pass by mid-2026, with the changes all in force by the end of 2026.
This is the first major update of competition rules in nearly 20 years. The reforms will modernise competition settings and ensure businesses have a clearer understanding of conduct that restricts competition and falls foul of the law.
The market landscape has changed significantly since the last review. Some sectors have become highly concentrated, making it difficult for competing businesses to enter or expand.
The Bill aims to promote fair and effective competition. Competition is a key driver of growth and productivity with knock-on benefits for consumers like lower prices, better quality and a wider range of products.
These reforms update New Zealand’s settings across all economic sectors, meaning less need for future targeted, sector-specific regulation.
Key changes:
The Bill has been referred to the Economic Development, Science and Innovation Committee. The New Zealand Parliament website will be updated when the Bill opens for public submissions.
Economic Development, Science and Innovation Committee(external link) — New Zealand Parliament
Read the Bill at the New Zealand Legislation website.
Commerce (Promoting Competition and Other Matters) Amendment Bill(external link) — New Zealand Legislation
More information on the update to competition settings.
Refreshing competition settings(external link)