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Commerce Act 1986

Miscellaneous provisions - Assistance to overseas regulators

99F: Regulator-to-regulator co-operation arrangements

You could also call this:

"Agreements between New Zealand regulators and overseas regulators need government approval first."

Illustration for Commerce Act 1986

The Commission can make an arrangement with an overseas regulator if the Minister agrees in writing first. You need to know the Minister will only agree if they think about the things mentioned in section 99E(2)(a) and (b) and talk to people as specified in section 99E(2)(c). The Minister must also be sure about the thing mentioned in section 99E(3).

The Minister's decision is important because it affects what the Commission can do with overseas regulators. You can find more information about how this law was changed by looking at the Commerce (International Co-operation, and Fees) Amendment Act 2012. This law is part of the Commerce Act 1986.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4854116.

Topics:
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99E: Government-to-government co-operation arrangements, or

"Agreements between New Zealand and other countries to work together on rules and regulations"

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99G: Content of co-operation arrangements, or

"What co-operation arrangements with other countries must include"

Part 7Miscellaneous provisions
Assistance to overseas regulators

99FRegulator-to-regulator co-operation arrangements

  1. The Commission may, with the prior written approval of the Minister, enter into a co-operation arrangement with an overseas regulator.

  2. The Minister may not give approval to a co-operation arrangement under this section unless the Minister—

  3. has had regard to the matters specified in section 99E(2)(a) and (b) and has consulted as specified in section 99E(2)(c); and
    1. is satisfied of the matter specified in section 99E(3).

      Notes
      • Section 99F: inserted, on , by section 5 of the Commerce (International Co-operation, and Fees) Amendment Act 2012 (2012 No 84).