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Fair Trading Act 1986

Miscellaneous provisions

48F: Regulator-to-regulator co-operation arrangements

You could also call this:

“Rules for the Commission working with overseas regulators”

The Commission can make agreements with regulators from other countries. These agreements are called co-operation arrangements. However, before the Commission can do this, they need to get permission from the Minister in writing.

The Minister can’t just give permission for these agreements without thinking about it carefully. They need to consider certain things and talk to some people first. These things are mentioned in another part of the law.

The Minister also needs to be sure about something else before they can say yes. This is also explained in another part of the law.

So, while the Commission can work with regulators from other countries, they need to follow these rules to make sure it’s done properly.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4854619.

Topics:
Business > Fair trading
Government and voting > Government departments
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48E: Government-to-government co-operation arrangements, or

“Rules for how New Zealand can work with other countries to help keep things fair”

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48G: Content of co-operation arrangements, or

“Rules for agreements between organisations in different countries”

Part 6 Miscellaneous provisions

48FRegulator-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 48E(2)(a) and (b) and has consulted as specified in section 48E(2)(c); and
    1. is satisfied of the matter specified in section 48E(3).

      Notes
      • Section 48F: inserted, on , by section 5 of the Fair Trading (International Co-operation) Amendment Act 2012 (2012 No 86).