New Zealand has a poor record in this area. The country is still divided because of Maori land confiscations almost 150 years ago. But such actions continue today, with the foreshore and seabed issue, the forced unbundling of Telecom and consequent massive loss of shareholder value, and the blocking of the sale of shares in Auckland International Airport Limited (AIAL).
Article: Good Progress on Regulatory Responsibility Legislation
6 June 2008, Roger Kerr
Last week brought encouraging news for those concerned about over-regulation in this country. Parliament's Commerce Committee recommended that a high-level expert task force should be established to carry forward work on the concept of a Regulatory Responsibility Act.