New supply code prohibits abuse of power by supermarkets over suppliers Supermarket duopoly must pay on time and treat suppliers fairly Penalties include the greater of 3% of turnover or $3 million for breaches of new code Grocery Commission to act as watchdog to enforce new rules Big supermarket chains face stiff fines for not treating small suppliers fairly, thanks to the Labour Government's new Grocery Code of Conduct, says Commerce and Consumer Affairs Minister Duncan Webb. "The big supermarket chains have not been treating local suppliers fairly - they have been taking advantage of their dominance and imposing unreasonable terms and conditions.

https://www.miragenews.com/nz-govt-mandates-fair-conditions-for-1075832/

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