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1. We propose that the Commerce Act be amended so that SOEs and CRIs are treated as interconnected bodies and are not subject to Commerce Act restrictions on their ability to cooperate -

• to the extent they are acting in accordance with the requirements of a ministerial direction, and
• where the direction states that shareholding ministers (in consultation with the Minister of Commerce) consider this to be in the public interest.

2. The proposed Commerce Act amendment would apply in respect of all SOEs and CRIs except the three electricity generators Meridian Energy, Mighty River Power and Genesis Energy.