New Zealand Acts

COMMERCE ACT 1986 - SECT 99H

99H Procedures relating to co-operation arrangements

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

a) in the case of a government-to-government co-operation arrangement entered into under section 99E , 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:

b) in the case of a regulator-to-regulator co-operation arrangement entered into under section 99F , the chairperson of the Commission and the person occupying the equivalent position in relation to the overseas regulator.

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

a) the Minister or the Commission, as appropriate, must publish a notice in the Gazette that—

i) states that the arrangement has been entered into; and

ii) identifies the overseas regulator concerned; and

iii) identifies the parties to the arrangement; and

iv) states when the arrangement comes into effect; and

b) 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.

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

History: Section 99H: inserted, on 24 October 2012, by section 5 of the Commerce (International Co-operation, and Fees) Amendment Act 2012 (2012 No 84).