24 Oct 2017
COMMERCE COMMISSION v PGG WRIGHTSON LTD & OR [2017] NZHC 2584
- Citation
- [2017] NZHC 2584
- Court
- High Court
Elders admitted entering into and giving effect to three industry agreements (tagging fee, RFID administration fee and yard fee) which had the purpose, effect or likely effect of substantially lessening competition in the market for stock and station agent services, thereby contravening s27 via s30 of the Commerce Act 1986; a declaratory judgment was appropriate because Elders admitted the breach, the declaration served public interest objectives (education, deterrence, parity) and Elders lacked assets for a pecuniary penalty.