What independent regulatory body enforces consumer protection and business competition under the Fair Trading Act 1986?
Answer and explanation
Correct answer: C. The Commerce Commission (Te Komihana Tauhokohoko)
- Step 1: The Commerce Commission enforces the Commerce Act 1986 (prohibiting anti-competitive mergers and cartels) and Fair Trading Act 1986 (prohibiting misleading conduct). Step 2. It also regulates monopolistic utility infrastructure, including telecommunications, electricity lines, and dairy prices. Answer: The Commerce Commission (Te Komihana Tauhokohoko). Why not the others: It operates as an independent Crown entity.
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