Commerce Commission - Latest News [Page 1]

Commission releases 2017/18 priorities

Thursday, 20 July 2017, 12:16 pm | Commerce Commission

The Commerce Commission have released its priority focus areas for the upcoming year publicly for the first time. More >>

Retailer sold unsafe toys and children’s nightwear

Tuesday, 18 July 2017, 9:26 am | Commerce Commission

Low-cost retailer The 123 Mart Limited (123 Mart) has been found guilty in the Auckland District Court on 17 charges under the Fair Trading Act. More >>

Healthcare NZ/Geneva Healthcare Group

Friday, 14 July 2017, 2:20 pm | Commerce Commission

The Commerce Commission has published a Statement of Preliminary Issues relating to Healthcare of New Zealand Holdings Limited (Healthcare NZ) proposed acquisition of Geneva Healthcare Limited and its related companies. More >>

Commission warns NZers to avoid Gifting Circle schemes

Friday, 14 July 2017, 1:16 pm | Commerce Commission

The Commerce Commission is advising all New Zealanders to avoid involvement in Women’s Gifting Circles as it considers them to be illegal pyramid schemes. More >>

Fines reach nearly $900,000 in mobile trader prosecutions

Wednesday, 12 July 2017, 1:37 pm | Commerce Commission

Two mobile traders have been fined a total of more than $183,000 and been ordered to return nearly $71,000 in fees to their customers. More >>

Trade Me seeks clearance to acquire Motorcentral

Wednesday, 12 July 2017, 11:28 am | Commerce Commission

The Commerce Commission has received a clearance application from Trade Me Limited (Trade Me) to acquire up to 100% of the shares in Limelight Software Limited, trading as Motorcentral. More >>

Essilor and Luxottica seek clearance for global merger

Monday, 10 July 2017, 4:09 pm | Commerce Commission

The Commerce Commission has received a clearance application from Essilor International (Compagnie Générale d’Optique) S.A. and Luxottica Group S.p.A relating to the global merger of the two parties. More >>

Vector to return $13.9m to Auckland electricity consumers

Friday, 7 July 2017, 2:52 pm | Commerce Commission

Electricity lines company Vector will return $13.9 million to Auckland electricity consumers after it accepted it had breached its regulated price path by recovering more revenue than it was entitled to in the 2014 and 2015 financial years. More >>

Statement of Preliminary Issues for Tronox/Cristal merger

Friday, 7 July 2017, 11:49 am | Commerce Commission

The Commerce Commission has published a Statement of Preliminary Issues relating to Tronox Limited’s proposed acquisition of National Titanium Dioxide Company Ltd (Cristal). More >>

‘Toothpick’ pistol crossbows illegal in New Zealand

Monday, 3 July 2017, 3:33 pm | Commerce Commission

The Commerce Commission is advising those selling ‘mini’ or ‘toothpick’ pistol crossbows that these products are likely to be covered by an unsafe goods notice and cannot be sold in New Zealand. More >>

Commission issues credit fee guidelines

Friday, 30 June 2017, 2:00 pm | Commerce Commission

The Commerce Commission has today released its Consumer Credit Fees Guidelines , to provide guidance for lenders in setting credit fees. More >>

HealthCare NZ seeks clearance to acquire Geneva Healthcare

Friday, 30 June 2017, 1:55 pm | Commerce Commission

HealthCare NZ seeks clearance to acquire Geneva Healthcare Group The Commerce Commission has received a clearance application from Healthcare of New Zealand Holdings Limited (HealthCare NZ) to acquire 100% of the shares in Geneva Healthcare Limited and its ... More >>

Update on Vero’s application to acquire Tower

Friday, 30 June 2017, 9:23 am | Commerce Commission

The Commerce Commission has agreed to extend the date for its final decision on Vero Insurance’s application seeking clearance to purchase 100% of the shares in Tower. More >>

Tronox seeks Commerce Commission clearance to acquire

Tuesday, 27 June 2017, 4:32 pm | Commerce Commission

The Commerce Commission has received a clearance application from Tronox Limited (Tronox) to acquire the titanium dioxide (TiO2) pigment business of National Titanium Dioxide Company Ltd (Cristal). More >>

Finance company fined $22,000

Friday, 23 June 2017, 3:56 pm | Commerce Commission

Christchurch-based finance company Acute Finance Limited (Acute) has been fined $22,000 and says it has taken steps to return $10,000 to borrowers, after pleading guilty to four charges under the Credit Contracts and Consumer Finance Act (CCCF Act). More >>

Next steps outlined for the Commission’s decision on Powerco

Thursday, 22 June 2017, 9:23 am | Commerce Commission

The Commerce Commission has today released a process paper detailing the next steps for assessing lines company Powerco’s application proposing price increases to meet the cost of its planned $1.32 billion investment in its electricity lines network. More >>

Wholesale broadband price drop passed through to consumers

Wednesday, 21 June 2017, 9:06 am | Commerce Commission

The Commerce Commission has today released a study showing that 90% of the recent reductions in Chorus’ regulated wholesale broadband prices have flowed through to consumers. More >>

Aunty and Herman return to raise awareness of consumer right

Monday, 19 June 2017, 1:46 pm | Commerce Commission

New Zealand’s sharpest legal advisor Aunty and her nephew Herman Faleafa have returned to raise awareness of consumer rights in the Commerce Commission’s animated series It’s All Good . More >>

Performance released for electricity lines companies

Friday, 9 June 2017, 10:21 am | Commerce Commission

The Commerce Commission has published one-page summaries of key performance measures for each of New Zealand’s 29 electricity lines companies. More >>

Pre-school to pay $265,500 for misleading parents

Thursday, 8 June 2017, 1:26 pm | Commerce Commission

Kowhai Montessori Pre-School Limited (Kowhai) was today ordered to pay a total of $265,500 after pleading guilty to charges that it misled parents about the amount of funding it was receiving under the Government’s early childhood education (ECE) ... More >>

 

 

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