Commerce Commission - Latest News [Page 1]

Finance company to refund customers $2.7 million

Wednesday, 17 July 2019, 10:37 am | Commerce Commission

Nearly $2.7 million will be credited or refunded to thousands of borrowers following a settlement with the Commerce Commission. More >>

Telecommunications providers face charges

Wednesday, 17 July 2019, 9:29 am | Commerce Commission

The Commerce Commission has laid 13 charges against retail telecommunications providers CallPlus Services Limited (trading as Slingshot), Flip Services Limited and Orcon Limited, alleging the companies made false representations in invoices they sent ... More >>

Rental booking platform charged with misleading consumers

Tuesday, 16 July 2019, 11:00 am | Commerce Commission

Holiday rental-accommodation management and booking company Bachcare is facing two charges under the Fair Trading Act for allegedly misleading consumers by manipulating online reviews posted by users of its accommodation services. More >>

Police respond to water rescue incident in Far North

Thursday, 11 July 2019, 1:27 pm | Commerce Commission

Police and emergency services are responding to a water rescue incident in the Hokianga Harbour, in the Far North District. More >>

Commission files proceedings against Westpac

Thursday, 11 July 2019, 1:18 pm | Commerce Commission

The Commerce Commission has filed High Court proceedings today against Westpac New Zealand Limited (Westpac). More >>

Clearance for Infratil to acquire shares in Vodafone

Thursday, 11 July 2019, 9:22 am | Commerce Commission

The Commerce Commission has granted clearance for Infratil Limited to acquire up to 50% of the shares in Vodafone New Zealand Limited. More >>

2 Cheap Cars fined for “blatantly untrue" document

Wednesday, 10 July 2019, 10:16 am | Commerce Commission

Used motor vehicle dealer 2 Cheap Cars Limited has been fined $438,000 for its use of “warranty waiver” documents and for its "liquidation sale" and “84% off” advertising claims. More >>

Commission alleges irresponsible lending by Moola

Monday, 8 July 2019, 11:32 am | Commerce Commission

The Commerce Commission is to commence High Court proceedings against NZ Fintech Limited (trading as Moola) alleging that it has breached the lender responsibility principles contained in the Credit Contracts and Consumer Finance Act 2003 (CCCFA). More >>

Commission files proceedings against Real Finance over fees

Friday, 28 June 2019, 8:58 am | Commerce Commission

Commission files proceedings against Real Finance over unreasonable fees The Commerce Commission has filed civil proceedings in the High Court at Wellington against finance company Real Finance Limited. More >>

Mainland to acquire printing assets of Inkwise

Thursday, 27 June 2019, 9:27 am | Commerce Commission

The Commerce Commission has granted clearance for Mainland Print Limited to acquire the heatset and coldset web offset printing assets of Inkwise Limited. More >>

“Lotsa Goodies”-linked company fined over unsafe toys

Thursday, 27 June 2019, 9:23 am | Commerce Commission

Toy importer and retailer 2 Boys Trading Limited (2 Boys) has been fined $74,250 on 13 toy safety-related charges under the Fair Trading Act 1986, after a Commerce Commission investigation. More >>

Milfos to pay $825,000 in price-fixing case

Tuesday, 25 June 2019, 10:02 am | Commerce Commission

GEA Milfos International Limited (Milfos) has been ordered to pay a penalty of $825,000 in the Auckland High Court after admitting it engaged in price-fixing with competitor Dairy Automation Limited (DAL) between at least October 2012 and September 2014. ... More >>

Consumer likes and dislikes with phone and broadband service

Tuesday, 25 June 2019, 9:37 am | Commerce Commission

The Commerce Commission wants to hear what New Zealanders like and dislike about their phone and broadband experience. More >>

Whanganui finance company to return $400K to borrowers

Wednesday, 19 June 2019, 10:34 am | Commerce Commission

Whanganui company Finance Ezi Limited (trading as Ezi Finance) will return just over $400,000 to current and former borrowers following a settlement agreement with the Commerce Commission. More >>

NZ broadband is delivering a great streaming experience

Thursday, 13 June 2019, 9:26 am | Commerce Commission

NZ broadband is delivering a great video streaming experience for consumers More >>

No further intervention for telco backhaul services

Tuesday, 11 June 2019, 9:34 am | Commerce Commission

The Commerce Commission has released its findings on backhaul services in New Zealand and is satisfied that while further regulatory intervention is not necessary at this time, it will continue to monitor backhaul prices and terms. More >>

MyRepublic warned over levy requirements

Monday, 10 June 2019, 9:03 am | Commerce Commission

The Commerce Commission has issued internet provider MyRepublic with a formal warning after it failed to meet its statutory obligations to provide information needed by the Commission to allocate the Telecommunications Development Levy (TDL). More >>

Torpedo7 (1-Day) and Container Door charged

Thursday, 6 June 2019, 12:08 pm | Commerce Commission

The Commerce Commission has laid Fair Trading Act charges against retailers Torpedo7 Limited (trading as 1-Day) and Container Door Limited for allegedly supplying bicycles without some information about the bicycles that should have been provided to consumers. More >>

Preliminary Issues released for Infratil/Vodafone

Thursday, 30 May 2019, 8:47 pm | Commerce Commission

The Commerce Commission has published a statement of preliminary issues relating to an application by Infratil Limited seeking clearance to acquire up to 50% of the shares in Vodafone New Zealand Limited. More >>

Draft decision on local electricity lines revenue

Wednesday, 29 May 2019, 8:43 am | Commerce Commission

The Commerce Commission has issued its draft decision on the default price-quality paths (DPPs) it is proposing to apply to 15 regulated electricity lines companies for the period 2020 – 2025. More >>

 

 

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