Commerce Commission - Latest News [Page 1]

Cash to You Loans banned from lending

Wednesday, 24 May 2017, 3:39 pm | Commerce Commission

Napier loan company Cash to You Loans Limited has been banned indefinitely from operating as a lender, after charging borrowers unreasonable fees and excess interest and failing to correctly disclose fees charged. More >>

Commission’s alpaca case brings total fines to $1.5 million

Tuesday, 23 May 2017, 2:49 pm | Commerce Commission

A company and two individuals have been fined a total of nearly $194,000 for claiming that duvets were "pure alpaca wool" or "100% cashmere", when they contained little or no such fibres. More >>

“Made in New Zealand” bee pollen was Chinese

Friday, 19 May 2017, 9:39 am | Commerce Commission

A health supplement company and its owner have been fined a total of $526,500 for breaching the Fair Trading Act by claiming bee pollen was New Zealand-made, when in fact it was produced and processed in China. More >>

Consumers of broadband and mobile services get better value

Thursday, 18 May 2017, 10:06 am | Commerce Commission

New Zealand consumers are receiving increased value for money across a range of telecommunications services, the Commerce Commission’s latest annual telecommunications monitoring report has found. More >>

Retailers put on alert about using misleading pricing

Thursday, 11 May 2017, 11:17 am | Commerce Commission

The Commerce Commission is today publishing an open letter to retailers, highlighting pricing practices which might breach the law, and offering guidance on how to avoid them. Complaints about pricing were the single biggest category of complaint received ... More >>

Commission declines NZME/Fairfax merger

Wednesday, 3 May 2017, 8:45 am | Commerce Commission

The Commerce Commission has today released its final decision declining authorisation for NZME and Fairfax to merge their media operations in New Zealand. More >>

Authorisation for Nelson and Tasman Councils’ joint landfill

Monday, 24 April 2017, 4:51 pm | Commerce Commission

Issued 24 April 2017 Release No. 102 Commission grants authorisation to Nelson and Tasman Councils’ joint landfill application The Commerce Commission has granted authorisation, subject to conditions, to allow the Nelson City Council and the Tasman ... More >>

Commerce Commission wins appeal in Budget Loans case

Tuesday, 18 April 2017, 11:32 am | Commerce Commission

The Commerce Commission has won its appeal against a District Court decision to dismiss 19 charges against two finance companies. More >>

Guilty pleas in Commission’s 12th mobile trader prosecution

Thursday, 13 April 2017, 3:00 pm | Commerce Commission

Truck shop operator Budget Warehouse Limited (Budget Warehouse) has pleaded guilty to 18 charges relating to its customer credit contract documents. More >>

Bunnies, chocolate eggs, hot cross buns … and surcharges

Thursday, 13 April 2017, 11:00 am | Commerce Commission

With the Easter holiday upon us, the Commerce Commission is again reminding businesses that if they apply a surcharge it must be clearly and accurately disclosed to customers. More >>

Commission invites discussion on related party transactions

Wednesday, 12 April 2017, 10:31 am | Commerce Commission

The Commerce Commission is considering how transactions between energy networks and related businesses should be regulated and has today released a paper seeking feedback on how it should approach this More >>

Property Brokers Manawatu fined $1.5m in price fixing case

Monday, 10 April 2017, 4:02 pm | Commerce Commission

Property Brokers Limited and its director Tim Mordaunt have been ordered to pay penalties totalling $1.5 million in a judgment today of the High Court, following a hearing in March. More >>

Tax refund season – what consumers and agents need to know

Friday, 7 April 2017, 11:30 am | Commerce Commission

With the end of the financial year upon us, consumers may find a tax agent at their door or on the phone. More >>

Preliminary Issues released for Spark / TeamTalk

Friday, 31 March 2017, 8:47 pm | Commerce Commission

Statement of Preliminary Issues released for Spark / TeamTalk merger The Commerce Commission has published a Statement of Preliminary Issues relating to Spark New Zealand Trading Limited’s proposed acquisition of TeamTalk Limited. More >>

Further extension to NZME/Fairfax merger

Wednesday, 29 March 2017, 10:24 am | Commerce Commission

On Wednesday 22 March the Commission received a lengthy submission from NZME and Fairfax providing further analysis and expert evidence in support of its merger authorisation application. Public versions of this submission and an expert report have now been ... More >>

Spark seeks clearance to acquire TeamTalk

Tuesday, 21 March 2017, 8:49 am | Commerce Commission

The Commerce Commission has received a clearance application from Spark New Zealand Trading Limited (Spark) to, either directly or indirectly, acquire up to 100% of the shares of TeamTalk Limited. More >>

Nelson and Tasman Councils’ joint landfill application

Friday, 17 March 2017, 4:46 pm | Commerce Commission

The Commerce Commission has reached a preliminary view that, subject to a condition, it should allow the Nelson City Council and the Tasman District Council to form a business unit to jointly operate the two landfills in the Nelson-Tasman region. More >>

Statement of Preliminary Issues released for Vero / Tower

Thursday, 16 March 2017, 9:39 am | Commerce Commission

The Commerce Commission has published a Statement of Preliminary Issues relating to the proposed acquisition of Tower by Vero. More >>

Misleading Christmas deal results in $145k fine

Tuesday, 14 March 2017, 3:19 pm | Commerce Commission

Mobile trader Sales Concepts Limited has been fined $145,000 in the North Shore District Court after pleading guilty to 10 charges under the Fair Trading Act 1986 relating to its ‘Christmas Deal Bundles’. More >>

Chorus network capacity to continue to grow to meet need

Tuesday, 14 March 2017, 8:55 am | Commerce Commission

The Commerce Commission has today released the final decision in its review of the non price features of the Unbundled Bitstream Access (UBA) service. More >>

 

 

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