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New Zealand law explained for everyone

Commerce Act 1986

Business acquisitions

50: Certain merger or takeover proposals require clearance or authorisation

You could also call this:

"Big businesses must get permission before merging or taking over another company."

Illustration for Commerce Act 1986

If you want to do a big merger or takeover, you might need to get clearance or authorisation first. This is because of a rule that used to be in the Commerce Act 1986. You can find more information about the change to this rule in section 18 of the Commerce Amendment Act 1990, which repealed this part of the law on 1 January 1991.

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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=DLM88429.

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49: Application to building societies, or

"Rules for building societies under the Commerce Act"

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51: Contracts subject to condition of clearance or authorisation, or

"Some business deals need approval before they can happen"

Part 3Business acquisitions

50Certain merger or takeover proposals require clearance or authorisation (Repealed)

    Notes
    • Section 50: repealed, on , by section 18 of the Commerce Amendment Act 1990 (1990 No 41).