Press Release – Economic Development Science and Innovation The Chairperson of the Economic Development, Science and Innovation Committee has called for submissions on the Commerce Amendment Bill. The bill would amend the Commerce Act 1986. It would explicitly prohibit those who have substantial market power from … The Chairperson of the Economic Development, Science and Innovation Committee has called for submissions on the Commerce Amendment Bill. The bill would amend the Commerce Act 1986. It would explicitly prohibit those who have substantial market power from doing something that has the purpose, effect, or likely effect of substantially lessening competition. This would align New Zealand law with the equivalent provision in Australian law. The bill would provide for exemptions, by allowing the Commerce Commission to authorise conduct that would otherwise be covered by the prohibition, if it is in the public interest.