Commerce Commission - Latest News [Page 1]

PGW and Elders’ employees fined in price fixing case

Monday, 5 December 2016, 2:29 pm | Commerce Commission

Four current or former employees of PGG Wrightson and one former employee of Elders Rural Holdings Limited have been ordered to pay penalties totalling $105,000 following an Auckland High Court penalty hearing for their respective roles in a price fixing ... More >>

Steel mesh investigations into five companies completed

Monday, 5 December 2016, 9:13 am | Commerce Commission

The Commission has now completed its seismic steel mesh investigations into five of the companies under investigation. Three companies, who cannot be named at this time, have been advised that the Commission intends to issue criminal proceedings ... More >>

Harmoney fined $292k for misleading marketing campaign

Friday, 2 December 2016, 9:12 pm | Commerce Commission

Peer-to-peer lender Harmoney has today been fined $292,500 in the Auckland District Court for misleading consumers into believing they had been pre-approved for a personal loan. More >>

Commission issues details on NZME/Fairfax conference

Tuesday, 29 November 2016, 4:07 pm | Commerce Commission

The Commerce Commission has today published details of the conference it is holding on its draft determination of NZME and Fairfax’s application for authorisation under the Commerce Act to merge their media businesses. More >>

Mobile trader owner found guilty after not supplying goods

Tuesday, 29 November 2016, 2:59 pm | Commerce Commission

Flexi Buy Limited owner Vikram Mehta has been found guilty under the Crimes Act 1961 of being a party to obtaining money by deception, by making false representations to customers. More >>

Manawatu 1994 Limited fined $1.25m in price fixing case

Tuesday, 29 November 2016, 1:20 pm | Commerce Commission

Manawatu 1994 Limited, trading under the LJ Hooker banner, has been ordered to pay a penalty of $1.25 million following a hearing in the Auckland High Court. More >>

Payday lender Twenty Fifty Club fined, director banned

Monday, 28 November 2016, 11:24 am | Commerce Commission

South Auckland payday lender Twenty Fifty Club Limited and its sole director Gavin Marsich have been fined a total of $76,000 and Mr Marsich has been banned indefinitely from carrying out any further consumer lending. More >>

Preliminary Issues for Aon’s acquisition of FPIS

Monday, 21 November 2016, 1:10 pm | Commerce Commission

The Commerce Commission has published a Statement of Preliminary Issues relating to an application from Aon New Zealand to acquire the assets, business and certain liabilities of Fire Protection Inspection Services Limited (FPIS). More >>

Retirement villages urged to check credit law compliance

Monday, 21 November 2016, 1:09 pm | Commerce Commission

The Commerce Commission is reminding retirement villages to ensure their consumer credit contracts and lending practices comply with the law. More >>

Investigation returns $600,000 to NZ trademark holders

Wednesday, 9 November 2016, 11:13 am | Commerce Commission

The Commission has worked with ANZ Bank to successfully return around $600,000 to trademark holders who were misled about the need to pay an invoice from Swiss company, TM Publisher (TMP). More >>

Draft decision on service levels of Chorus UBA

Wednesday, 9 November 2016, 9:29 am | Commerce Commission

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

Aon applies to acquire Fire Protection Inspection Services

Tuesday, 8 November 2016, 3:00 pm | Commerce Commission

The Commission has received an application from Aon New Zealand (Aon) to acquire the business and assets of Fire Protection Inspection Services Limited (FPIS). More >>

Commission proposes to decline NZME/Fairfax merger

Tuesday, 8 November 2016, 9:57 am | Commerce Commission

The Commerce Commission has today published its draft determination on NZME and Fairfax’s application under the Commerce Act seeking authorisation to merge their media operations in New Zealand. The Commission’s preliminary view is that it should decline to ... More >>

Commission proposes to continue telephone number portability

Thursday, 3 November 2016, 11:37 am | Commerce Commission

The Commerce Commission has today released a draft determination proposing to continue the regulation of number portability services for both local and mobile telephone numbers for another five years. Number portability enables a customer to switch telecommunications ... More >>

Draft decision on $50m liability allocation

Monday, 31 October 2016, 9:14 am | Commerce Commission

The Commerce Commission today released its draft decision about how much 15 telecommunications providers will pay towards the $50 million Telecommunications Development Levy (TDL) for 2015/16. More >>

Letter of Unresolved Issues for Vodafone/Sky merger

Monday, 31 October 2016, 8:54 am | Commerce Commission

The Commerce Commission has today sent a Letter of Unresolved Issues to Vodafone and Sky television in relation to their proposed merger. More >>

Expedia and Booking.com amend parity contract clauses

Friday, 28 October 2016, 4:32 pm | Commerce Commission

Expedia and Booking.com will amend price and availability parity clauses in their contracts with New Zealand accommodation providers to resolve a Commerce Commission investigation. More >>

Commission clears rendering merger

Friday, 21 October 2016, 11:40 am | Commerce Commission

The Commerce Commission has given clearance to the Wallace Group Limited Partnership to acquire up to 100% of the assets and business of Wallace Corporation Limited, Farm Brands Limited (and related companies) and Keep It Clean Limited. More >>

Landfill application from Nelson and Tasman Councils

Thursday, 20 October 2016, 5:09 pm | Commerce Commission

The Commerce Commission has received a joint application from the Nelson City Council and the Tasman District Council to form a business unit to operate the two landfills in the Nelson-Tasman region. More >>

Ninth mobile trader charged as clampdown continues

Tuesday, 18 October 2016, 2:04 pm | Commerce Commission

Mobile trader, Bestdeals 4 You Limited (Bestdeals) today pleaded guilty to 19 charges brought by the Commerce Commission relating to the layby sales agreements and consumer credit contracts it offered customers. More >>

 

 

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