Stakeholder Update Rydges Wellington & Auckland 4 & 7 - - PowerPoint PPT Presentation

Rydges Wellington & Auckland

4 & 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 Highlights

Dr Mark Berry

3

Consumer and credit

• High litigation workload
• One of the highest fines imposed under the FTA against a director
• First prison sentence handed down in a Commission case
• A number of high profile investigations
• Nurofen
• Bike Barn
• 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:

• NZME/Fairfax
• Sky/Vodafone
• Continuation of cartel cases:
• Real estate
• 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 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
• Merger litigations – NZME/Fairfax and Vero/Tower
• Improve efficiency/transparency of merger clearance

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

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