17 May 2023

Building supply prices to be monitored by govt

From Midday Report, 12:17 pm on 17 May 2023

The Government has outlined plans to make the building supplies market fairer, after a Commerce Commission study found a lack of competition in the sector.

Building and Construction Minister Megan Woods says the Government will adopt eight of the watchdog's nine recommendations, to improve the sector for businesses and consumers.

The Commerce Commission had released a market study report last year, which found it was too hard to introduce new building products into the market - or expand competing businesses.

RNZ's Anneke Smith speaks to Max Towle from the Beehive.