Good morning all.
Former Fonterra CEO Andrew Ferrier told Parliament's Commerce Select Committee on Thursday he believed last year's botulism scare ended up providing "a net benefit" to New Zealand's reputation.
Finance Minister Bill English is keen to look at reform of Section 36 of the Commerce Act, agreeing with the early recommendations of the Productivity Commission and Commerce Commission that reform is needed to increase competition in the services sector in particular.
Labour Commerce Spokesman Clayton Cosgrove pushed Commerce Minister Craig Foss again on Wednesday for an update on progress of the Commerce (Cartels and Other Matters) Amendment Bill designed to criminalise hard core cartel behaviour.
Labour has renewed its push to reform Section 36 of the Commerce Act so the Commerce Commission can prosecute firms using their market power to stifle competition.