Will NZ Ban Price Gouging? w/ the Green Party's Ricardo Menéndez March: 19th August, 2026
This week the Green Party announced a policy aimed at banning price gouging by large supermarkets, the first in their series of “Affordable Kai“ policies that they say will reign in the cost of food. Mimicking a similar policy put in place in Australia in July, it would ban unreasonably excessive profits, but leaves it up to the Commerce Commission(COMCOM), to determine what unreasonably excessive looks like. The ComCom would then take the supermarkets to court over the breaches. If found in the wrong, the supermarkets would be hit with large financial penalties of up to $10 million, three…
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