Memorandum of Understanding between the Government of Australia and the Government of New Zealand on Coordination of Business Law The Memorandum of Understanding between the Government of Australia and the Government of New Zealand on Coordination of Business Law provides for coordination between Australia and New Zealand on business law issues. It expressly recognises coordination and cooperation between the two countries in respect of competition laws enforced by the NZCC and the ACCC.  Single Economic Market Outcomes Framework 2009 The Framework was agreed between the Australian and New Zealand Prime ministers in August 2009. Its competition policy stream proposed three outcomes: • Firms operating in both markets face the same consequences for the same anticompetitive conduct • Competition and consumer law regulators in both jurisdictions are able to share confidential information for enforcement purposes • Cross-appointment of associate members on the ACCC and NZCC  This illustrates the value that our countries place on alignment, stopping short of full policy or administrative harmonisation of our regimes.