When the Commission decides to give a direction about setting or changing network rules, they must think about some things. They need to consider if there are any features of the retail payment network, or things that people in the network are doing, that limit competition or efficiency. The Commission must take these things into account when deciding what the direction should say.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS528156.
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In deciding whether to give a direction that relates to setting or amending network rules, and in deciding on its terms, the Commission must take into account whether there are any features of the retail payment network, or any conduct of participants in the network, that reduces, or are likely to reduce, competition or efficiency.
