Shadow Treasurer Angus Taylor cautions that while the bill may tackle competition issues, it risks adding red tape, compliance costs, and stifling innovation.
The proposed reforms will also speed up merger deals that are deemed not to threaten competition.
The Commerce Commission raised concerns over reduced competition and negative impacts on New Zealand consumers.
Shadow Treasurer Angus Taylor cautions that while the bill may tackle competition issues, it risks adding red tape, compliance costs, and stifling innovation.
The proposed reforms will also speed up merger deals that are deemed not to threaten competition.
The Commerce Commission raised concerns over reduced competition and negative impacts on New Zealand consumers.