13 Jun 2016
GODFREY HIRST NZ LTD v COMMERCE COMMISSION & Ors [2016] NZHC 1262
- Citation
- [2016] 3 NZLR 645
- Court
- High Court
The Court upheld the Commission's approach: productivity efficiency gains that do not constitute functionless monopoly rents may be included in full even if some returns flow to foreign shareholders; supra-competitive returns that transfer wealth offshore should be disregarded; the Commission's price increase assessment (5–15% for exported wool) and treatment of Kaputone and Clive counterfactuals were supported by the evidence and investigation, and accordingly the authorisation stands.