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 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