Woolworths New Zealand Limited

The Commission has completed an investigation into the acquisition of land and the lodging of land and lease covenants by Woolworths New Zealand. The Commission has closed the investigation with no further action. In making this decision, the Commission had regard to the strength of the evidence and the nature and extent of Woolworths New Zealand’s alleged conduct. The Commission also had regard to whether further proceedings would achieve additional general or specific deterrence in light of enforcement action against Foodstuffs North Island, and, the introduction of section 28A of the Act which renders Woolworths New Zealand’s existing grocery covenants unenforceable and prohibits future grocery covenants.