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Commerce Act 1986

Regulated goods or services - Negotiate/arbitrate regulation

53G: Purpose of negotiate/arbitrate regulation

You could also call this:

"Helping suppliers and customers agree on prices and standards"

Illustration for Commerce Act 1986

The purpose of negotiate/arbitrate regulation is to help a supplier and its customers agree on prices and quality standards. You can think of it like a conversation between the supplier and the customers to reach a mutually acceptable deal. If they cannot agree, the regulation provides for binding arbitration to make a decision.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM1685610.

Topics:
Business > Fair tradingBusiness > Industry rules
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53F: Limited exception to obligation to apply input methodologies, or

"Some suppliers don't have to use certain rules to work out prices and costs, but still have to share information."

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53H: Overview of negotiate/arbitrate regulation, or

"Rules for talking and agreeing on prices and quality with others when supplying goods or services"

Part 4Regulated goods or services
Negotiate/arbitrate regulation

53GPurpose of negotiate/arbitrate regulation

  1. The purpose of negotiate/arbitrate regulation is to encourage a supplier and its customers to reach agreement, through negotiation, on the supplier's prices and quality standards during a specified regulatory period, and to provide for binding arbitration if negotiation is unsuccessful.

Notes
  • Section 53G: inserted, on , by section 4 of the Commerce Amendment Act 2008 (2008 No 70).