Rydges Wellington & Auckland4 & 7 September 2017

Stakeholder Update

Agenda

• Introduction

• 2016/17 highlights

• Strategy and enduring priorities

• Consumer and competition priorities

• Regulation priorities

• Questions

• Drinks and nibbles

2

2016/17 HighlightsDr Mark Berry

3

Consumer and credit

• High litigation workload

o One of the highest fines imposed under the FTA against a director

o First prison sentence handed down in a Commission case

• A number of high profile investigations

o Nurofen

o Bike Barn

o Steel mesh

• 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:

o NZME/Fairfax

o Sky/Vodafone

• Continuation of cartel cases:

o Real estate

o Livestock

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 prioritiesBrent 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 prioritiesAntonia Horrocks

11

Competition and consumer

• Competition priority focus areas

o Ongoing cartel cases – real estate and livestock

o Merger litigations – NZME/Fairfax and Vero/Tower

o Improve efficiency/transparency of merger clearance

process

• Consumer priority focus areas

• Responsible lending (including online lending)

• Credence claims

• Retail telecommunications

12

Regulation prioritiesNick 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

15

16

17

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

20