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Commerce Act 1986

Authorisations and clearances - Business acquisitions

69: Effect of clearance or authorisation

You could also call this:

"What happens when you get permission to buy a business or shares"

Illustration for Commerce Act 1986

If you get a clearance or authorisation to acquire assets of a business or shares, some rules do not apply. These rules are in sections like section 27, 36, 36A, 47, and 47A. You must follow the clearance or authorisation and it must still be in force for these rules not to apply.

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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=DLM89070.

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Business > Fair tradingMoney and consumer rights > Banking and loans
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68: Provisions applying to applications for clearances and authorisations for business acquisitions, or

"Rules for when you want to buy a business and need permission from the Commission"

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69A: Commission may accept undertakings, or

"The Commission can accept a promise from you to sell some assets when you buy a business"

Part 5Authorisations and clearances
Business acquisitions

69Effect of clearance or authorisation

  1. Nothing in section 27, 36, 36A, 47, or 47A applies to the acquisition of assets of a business or shares if the assets or shares are acquired in accordance with a clearance or an authorisation and while the clearance or authorisation is in force.

Notes
  • Section 69: substituted, on , by section 23 of the Commerce Amendment Act 1990 (1990 No 41).
  • Section 69: amended, on , by section 35 of the Commerce Amendment Act 2022 (2022 No 11).
  • Section 69: amended, on , by section 19 of the Commerce (Cartels and Other Matters) Amendment Act 2017 (2017 No 40).