New Zealand Acts

COMMERCE ACT 1986 - SECT 111

111 Transitional provisions in respect of certain contracts, arrangements, or understandings

1 Nothing in sections 27 and 29 and sections 80 to 82 shall have any application before 1 March 1987 to the giving effect to a provision of a contract entered into on or before 11 June 1985.

2 Nothing in section 28 and sections 80 to 82 shall have any application before 1 March 1987 to the carrying out or enforcing of the terms of a covenant given before 11 June 1985.

3

4

5 Nothing in sections 27 and 29 and sections 80 to 82 shall have any application before 1 March 1987 to the giving effect to a provision of a contract, arrangement, or understanding which immediately before the commencement of this Act—

a) constituted a trade practice in respect of which an approval granted by the Commerce Commission under section 29 of the Commerce Act 1975 was in force (being a trade practice to which section 27(1) of that Act applied); or

b) constituted a trade practice deemed to have been approved, or deemed to have been approved subject to conditions, under section 29 of the Commerce Act 1975 pursuant to subsection (10) of that section (being a trade practice to which section 18A of the Trade Practices Act 1958 applied); or

c) constituted a collective pricing practice to which section 30 of the Commerce Act 1975 applied.

6 Nothing in this section limits or affects the application of the provisions of Part 5 and the provisions of Part 6 (except sections 80 to 82 ).

History: Section 111(3): repealed, on 1 March 1987, by section 2(3) of the Civil Aviation Amendment Act 1987 (1987 No 12).   Section 111(4): repealed, on 1 March 1987, by section 2(3) of the Civil Aviation Amendment Act 1987 (1987 No 12).