Commerce Act 1986

Authorisations and clearances - Business acquisitions

69B: Conferences in relation to business acquisitions

You could also call this:

"Talking about business takeovers: a meeting to discuss big company changes"

When the Commission is looking at a business acquisition, they might decide to hold a conference before making a decision under section 66(3) or section 67(3). You will get notice of the conference, including the date, time, and place, and what will be discussed. The Commission will tell you and other people who are allowed to be at the conference about these details.

The Commission follows rules when they hold a conference, which are outlined in section 64. They apply these rules as if the conference was held under a different section, and they make some changes to how the rules work. For example, they change who is allowed to be at the conference and what decisions they are talking about, like the decisions under section 66(3) or section 67(3).

The rules also say that the Commission will consider certain things when they are making their decision, like who gave notice under section 66(1) or section 67(1). They will use these rules to help them make a fair decision about the business acquisition.

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This page was last updated on 31 August 2025

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM89074.

Topics:

Business > Fair tradingGovernment and voting > Government departments

69AC: Variation of undertaking, or

"Changing a promise you made about a business takeover"

70: Authorisations in respect of prices, revenues, and quality standards, or

"Rules about prices, money, and quality that some businesses can be exempt from"

Part 5Authorisations and clearances
Business acquisitions

69BConferences in relation to business acquisitions

Before making a determination under section 66(3) or section 67(3) in relation to an acquisition, the Commission may determine to hold a conference and shall appoint a date, time, and place for the holding of the conference and give notice of the date, time, and place so appointed and of the matters to be considered at the conference to the persons entitled to be present at the conference.
The provisions of section 64 shall apply to every conference held under this section as if—
every reference in that section to a conference called under section 62, were a reference to a conference held under this section; and
the reference in subsection (1)(b) of that section to a person to whom a draft determination was sent under section 62(2), were a reference to the person by or on whose behalf a notice was given under section 66(1) or section 67(1), as the case may be; and
the reference in subsection (6) of that section to a determination in respect of an application, were a reference to a determination under section 66(3) or section 67(3), as the case may be.

Notes

Section 69B: inserted, on 1 January 1991, by section 23 of the Commerce Amendment Act 1990 (1990 No 41).