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Fair Trading Act 1986

Miscellaneous provisions

48H: Procedures relating to co-operation arrangements

You could also call this:

“Rules for fair trading bosses to work with friends from other countries”

When people in charge of making sure businesses trade fairly want to work with people who do the same job in other countries, they need to follow some rules. These rules are about how they should make agreements to work together.

You need to write down the agreement and have important people sign it. If it’s between two governments, the Minister signs it. If it’s between two regulators (the people who check if businesses are being fair), the chairperson of the Commission signs it.

After they make the agreement, they need to tell everyone about it. They do this by putting a notice in the Gazette (a special government newspaper) within 15 working days. This notice says who made the agreement and when it starts.

The Commission also needs to put a copy of the agreement on their website for everyone to see. They keep it there as long as the agreement is still working.

If they want to change the agreement later, they need to follow these same rules.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM4854621.

Topics:
Business > Fair trading
Government and voting > Government departments
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48G: Content of co-operation arrangements, or

“Rules for agreements between organisations in different countries”

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“Helping other countries' fair trading regulators with information and investigations”

Part 6 Miscellaneous provisions

48HProcedures relating to co-operation arrangements

  1. Every co-operation arrangement must be in writing and be signed by,—

  2. in the case of a government-to-government co-operation arrangement entered into under section 48E, the Minister and the person occupying, with respect to the overseas regulator, an equivalent position to that of the Minister, or any other person that the relevant government or governing body considers appropriate:
    1. in the case of a regulator-to-regulator co-operation arrangement entered into under section 48F, the chairperson of the Commission and the person occupying the equivalent position in relation to the overseas regulator.

      1. No later than 15 working days after a co-operation arrangement is entered into,—

      2. the Minister or the Commission, as appropriate, must publish a notice in the Gazette that—
        1. states that the arrangement has been entered into; and
          1. identifies the overseas regulator concerned; and
            1. identifies the parties to the arrangement; and
              1. states when the arrangement comes into effect; and
              2. the Commission must publish a copy of the co-operation arrangement on its Internet site, and must keep it there while the arrangement continues in force.

                1. Subsections (1) and (2) apply with all necessary modifications to every amendment to a co-operation arrangement.

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