The Economics of the Commerce Act. Ed A. Bollard (NZIER Research Monograph 52, October 1989) Chapter 4, p.66-88.
Keywords: Business & Finance;
4.1 Introduction
The merger provisions of the Commerce Act 1986 contain a two stage test for refusal. Section 66 subsection 7 states that the Commerce Commission shall give clearance unless it is satisfied that the merger or takeover would result in any person acquiring a dominant position in a market or strengthening an already dominant position.