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Commerce Act 1986

Miscellaneous provisions - Assistance to overseas regulators

99G: Content of co-operation arrangements

You could also call this:

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

Illustration for Commerce Act 1986

When you look at a co-operation arrangement, it must do a few things. It must identify the overseas regulator it is about and the laws of that country that the regulator is working with. It must also explain how any information that is shared will be used and kept secure.

You will also see that a co-operation arrangement must say which overseas regulator it is for and what foreign laws they are working with. This helps the regulator get the information they need from the Commission.

A co-operation arrangement can also say how the Commission will be paid back for the costs of sharing information or helping with an investigation, and it can include other conditions for sharing information or helping with an investigation, as seen in the Commerce (International Co-operation, and Fees) Amendment Act 2012.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4854117.

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

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

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99H: Procedures relating to co-operation arrangements, or

"Rules for working together with overseas regulators"

Part 7Miscellaneous provisions
Assistance to overseas regulators

99GContent of co-operation arrangements

  1. Every co-operation arrangement must—

  2. identify the overseas regulator that it concerns; and
    1. identify the foreign enactments in connection with which the recognised overseas regulator may seek compulsorily acquired information and investigative assistance from the Commission; and
      1. set out how any compulsorily acquired information that is provided may be used by the overseas regulator, and how it is to be kept secure.

        1. A co-operation arrangement may also—

        2. provide for the reimbursement of the Commission for costs incurred in providing the information or assistance; and
          1. include other conditions on the provision of compulsorily acquired information or investigative assistance.

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