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ComCom finds no evidence of cartel behaviour in banks’ involvement in Net-Zero Banking Alliance
The Commerce Commission investigated a complaint alleging anti-competitive, coordinated behaviour by five major banks in relation to the Net-Zero Banking Alliance. The Commission found no evidence of unlawful coordination and took no further action.
Commerce Commission
Date Added
9 June 2026 at 08:31:22
Why it matters
This official update clarifies that participation in voluntary sustainability alliances does not, in itself, constitute cartel behaviour under New Zealand competition law.
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