Stakeholder Update Rydges Wellington & Auckland 4 & 7 September 2017
Agenda • Introduction • 2016/17 highlights • Strategy and enduring priorities • Consumer and competition priorities • Regulation priorities • Questions • Drinks and nibbles 2
2016/17 Highlights Dr Mark Berry 3
Consumer and credit • High litigation workload One of the highest fines imposed under the FTA against a director o First prison sentence handed down in a Commission case o • A number of high profile investigations Nurofen o Bike Barn o Steel mesh o • It’s All Good animations series 2 • Credit fee guidelines • Red Flags • Open letter to retailers 4
Competition • Some of the most complex clearance/authorisation applications to date: NZME/Fairfax o Sky/Vodafone o • Continuation of cartel cases: Real estate o Livestock o 5
Regulation • Input methodologies review final decisions • High level snapshots of key performance measures for EDBs • Gas default price-quality path 2017-22 • Wholesale broadband price drop passed through to consumers • Review of non-price features of UBA 6
Looking forward • Merger appeals • Powerco CPP • Broad range of consumer cases • Collaborative conduct regime • Website refresh 7
Strategy and priorities Brent Alderton 8
Agenda 9
Priority focus areas – 2017/18 • Retail telecommunications • Greater understanding about the performance of infrastructure industries • Making information about infrastructure industries accessible to a wider audience • An increasingly efficient and effective process for assessing proposals by regulated suppliers • Support of telco legislative review • Transparency of merger clearance process • Merger and cartel litigation • Responsible lending • Credence claims 10
Competition/consumer priorities Antonia Horrocks 11
Competition and consumer • Competition priority focus areas Ongoing cartel cases – real estate and livestock o Merger litigations – NZME/Fairfax and Vero/Tower o Improve efficiency/transparency of merger clearance o process • Consumer priority focus areas Responsible lending (including online lending) • Credence claims • • Retail telecommunications 12
Regulation priorities Nick Russ 13
Regulation • Telecommunications Act review New framework from 2020 • Input methodologies • New team in place led by Vanessa Howell • Stakeholder engagement • • Performance of regulated infrastructure Greater understanding • The importance of good asset stewardship • • Making information more accessible to a wider audience 14
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Regulation • Telecommunications Act review New framework from 2020 • Input methodologies • New team in place led by Vanessa Howell • Stakeholder engagement • • Performance of regulated infrastructure Greater understanding • The importance of good asset stewardship • • Making information more accessible to a wider audience 18
Questions? 19
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