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COMMERCE ACT 1986 - SECT 53G

Purpose of negotiate/arbitrate regulation

53G Purpose of negotiate/arbitrate regulation

The purpose of negotiate/arbitrate regulation is to encourage a supplier and its customers to reach agreement, through negotiation, on the supplier's prices and quality standards during a specified regulatory period, and to provide for binding arbitration if negotiation is unsuccessful.
History: Section 53G: inserted, on 14 October 2008, by section 4 of the Commerce Amendment Act 2008 (2008 No 70).



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