Commerce Commission - Latest News [Page 1]

$1.5 million in fees and interest returned to borrowers

Wednesday, 24 August 2016, 1:28 pm | Commerce Commission

Lenders Adelphi Finance Ltd and Shaw Personal Finance Ltd have refunded customers or reduced customer account balances by over $1.4 million and $100,000 respectively after the Commission warned they were likely to have breached consumer credit laws. More >>

Duvets sold as ‘premium alpaca’ mostly sheep’s wool

Wednesday, 24 August 2016, 11:50 am | Commerce Commission

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their ... More >>

Commission files charges against Auckland mobile trader

Tuesday, 23 August 2016, 3:12 pm | Commerce Commission

Mobile trader Zee Shop Limited (Zee Shop) appeared in the Auckland District Court today in relation to 15 charges brought by the Commerce Commission relating to its lending practices. More >>

123 Mart charged over safety of children’s toys, nightwear

Monday, 22 August 2016, 1:12 pm | Commerce Commission

The Commerce Commission has filed 28 charges against The 123 Mart Limited (123 Mart) relating to 10 children’s toys and five clothing items it sold between April 2013 and June 2016. More >>

NZME/Fairfax merger update

Monday, 22 August 2016, 10:56 am | Commerce Commission

The Commerce Commission has agreed an extension with NZME and Fairfax on their application seeking authorisation to merge their New Zealand media operations and will now make its final decision by 15 March 2017. More >>

Commission files charges against Trustpower

Friday, 19 August 2016, 10:09 am | Commerce Commission

The Commerce Commission has filed charges in the Auckland District Court against Trustpower Limited over its marketing and sale of its bundled electricity and unlimited data broadband offer. More >>

Acute Finance charged over unreasonable fees

Thursday, 18 August 2016, 2:38 pm | Commerce Commission

Acute Finance Limited (Acute) has pleaded not guilty to five charges brought by the Commerce Commission under the Credit Contract and Consumer Finance Act 2003 (CCCFA) about its credit fees and its repayment waiver. More >>

Draft report on Fonterra’s base milk price calculation

Monday, 15 August 2016, 10:00 am | Commerce Commission

The Commerce Commission today released its draft report on Fonterra’s base milk price calculation for the 2015/16 dairy season. The base milk price is the price Fonterra pays to farmers for raw milk and it is currently set by Fonterra at $3.90 ... More >>

Commission seeks feedback on domestic backhaul services

Friday, 12 August 2016, 12:31 pm | Commerce Commission

The Commerce Commission has today released a discussion paper seeking information on domestic ‘backhaul’ services. Questions asked in the paper cover how the services have evolved – given the rapid changes in the telecommunications market – and ... More >>

Commission files charges against Youi insurance

Thursday, 11 August 2016, 10:48 am | Commerce Commission

The Commerce Commission has filed charges in the Auckland District Court against insurance firm Youi NZ Pty Limited, alleging it employed misleading sales techniques when attempting to sell policies to consumers who were only seeking a quote. More >>

Racing betting authorisation application

Tuesday, 9 August 2016, 4:03 pm | Commerce Commission

The Commerce Commission has reached a preliminary view that it should grant authorisation to the New Zealand Racing Board (NZRB) to allow it, subject to certain restrictions, to commingle totalisator horse and greyhound racing betting pools with Tabcorp Wagering ... More >>

Preliminary issues for Wallace Group LP acquisition

Tuesday, 9 August 2016, 3:15 pm | Commerce Commission

The Commerce Commission has published a statement of preliminary issues relating to an application from Wallace Group Limited Partnership to acquire up to 100% of the assets and business of Wallace Corporation Limited, Farm Brands Limited and Keep ... More >>

Boehringer Ingelheim applies for clearance to acquire Merial

Tuesday, 2 August 2016, 2:46 pm | Commerce Commission

The Commerce Commission has received an application from Boehringer Ingelheim International GmbH seeking clearance to acquire 100% of the shares and assets in Merial, the animal health business of Sanofi SA. More >>

Commission files charges against Harmoney over marketing

Monday, 1 August 2016, 12:51 pm | Commerce Commission

The Commerce Commission has filed Fair Trading Act charges in the Auckland District Court against peer-to-peer lender Harmoney alleging it misled consumers into believing they had been pre-approved for a personal loan. More >>

Commerce Commission considers rendering merger

Thursday, 28 July 2016, 9:49 am | Commerce Commission

The Commission has received an application for the Wallace Group Limited Partnership (Wallace Group) to acquire up to 100% of the assets and business of Wallace Corporation Limited, Farm Brands. This comprises Farm Brands Limited, Farm Brands Asset Management ... More >>

Budget Loans and Evolution Finance found guilty

Friday, 15 July 2016, 1:40 pm | Commerce Commission

Finance companies Budget Loans Limited and Evolution Finance Limited have been found guilty in the Auckland District Court on 106 charges brought by the Commerce Commission under the Fair Trading Act. More >>

Preliminary Issues for Vodafone/Sky merger

Thursday, 14 July 2016, 9:05 am | Commerce Commission

The Commerce Commission has published a Statement of Preliminary Issues relating to the proposed merger of Vodafone and Sky More >>

SmartStore charged over its customer agreements

Tuesday, 12 July 2016, 9:57 am | Commerce Commission

Mobile trader, Smart Shop Limited (trading as SmartStore) yesterday pleaded guilty to 11 charges brought by the Commerce Commission for its loan contracts and extended warranty agreements. More >>

Commission clears Fletcher Building and Higgins merger

Friday, 8 July 2016, 11:29 am | Commerce Commission

The Commerce Commission has given clearance for Fletcher Building Holdings New Zealand Limited (Fletcher Building) to acquire Higgins Group Holdings Limited (Higgins). More >>

Commission files charges over ECE subsidy misrepresentations

Tuesday, 5 July 2016, 11:49 am | Commerce Commission

The Commerce Commission has filed charges in the Auckland District Court against Kowhai Montessori Pre-School Limited and its former director and manager Rebecca Brindle, following an investigation into allegations they misrepresented to parents ... More >>

 

 

InfoPages Links

 
 
 

LATEST HEADLINES

 
 
 
InfoPages
Search Scoop  
 
 
Powered by Vodafone
NZ independent news