Commerce Commission v New Zealand Milk Corporation Ltd - [1994] 2 NZLR 730

Commercial law — Commerce Act — Penalties — Breaches of s 27 of Commerce Act by reaching agreement designed to reduce competition — Agreement as to penalty by Commerce Commission and parties to agreement — Commission seeking Court orders for payment of agreed sums — Consent by defendants — Whether Court had jurisdiction to consider the matter — Nature of proceedings — Standard of proof required — Relevant factors in determining penalty — Commerce Act 1986, ss 27 and 80.