Commerce Act 1986 (No. 5 of 1986). Country/Territory New Zealand Document type Legislation Date 1986 (2020) Source FAO, FAOLEX Subject Livestock, Food & nutrition, Fisheries, Forestry, Mineral resources, Cultivated plants, Water Keyword Institution Internal trade International trade Geographical area Asia and the Pacific, Australia and New Zealand, Oceania, South Pacific Entry into force notes This Act shall enter into force on 1 May 1986. Abstract The purpose of this Act, consisting of 118 sections divided into seven Parts and six Schedules, is to promote competition in markets for the long-term benefit of consumers within New Zealand. The goods to be marketable are personal property of every kind (whether tangible or intangible) including: ships, aircraft, and vehicles; animals, including fish; minerals, trees, and crops, whether on, under, or attached to land or not; gas and electricity; to avoid doubt, water and computer software. Part 1 establishes a commission to be called the Commerce Commission. Except as expressly provided otherwise in this or any other Act, the Commission must act independently in performing its statutory functions and duties, and exercising its statutory powers. Restrictive trade practices (Part 2); Business acquisitions (Part 3); Regulated goods or services (Part 4); Authorisations and clearances (Part 5); Enforcement, remedies, and appeals (Part 6); and Miscellaneous provisions (Part 7). Full text English Website www.legislation.govt.nz