ANZ, ASB, BNZ, Rabobank and Westpac
Allegation made by Federated Farmers that the five major banks (ANZ, ASB, BNZ, Rabobank and Westpac) in New Zealand were acting as a cartel due to their participation in the Net Zero Banking Alliance.
Case Details
Parties
ANZ, ASB, BNZ, Rabobank and Westpac
Category
Anti-competitive conduct
Sub-category
Act/Section
Commerce Act 1986 s 30
Industry
Agriculture, forestry, and fishing
Status
Closed
Outcome
No further action
Case number
PRJ0048083
Date opened
12 March 2025
Date closed
18 July 2025
Contact person
Grant Chamberlain, grant.chamberlain@comcom.govt.nz