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Commerce Commission - Latest News [Page 1]
Statement Of Preliminary Issues Released For Evergreen’s Application To Acquire ACMNZ
Tuesday, 7 May 2024, 3:00 pm | Commerce Commission
The statement outlines the key issues that the Commission currently considers important in deciding whether or not to grant clearance or authorisation to the proposed acquisition. More >>
2degrees "Free Aussie Business Roaming" Claims Not Fair Dinkum, ComCom Says
Tuesday, 7 May 2024, 11:21 am | Commerce Commission
The Commerce Commission has filed eight charges under the Fair Trading Act against Two Degrees Mobile Limited (2degrees) for alleged misleading claims about their ‘free Aussie roaming’ for business mobile plans. More >>
Commission Grants Clearance For One NZ To Acquire Dense Air
Tuesday, 7 May 2024, 7:34 am | Commerce Commission
The Commerce Commission has granted clearance for One New Zealand Group Limited to acquire 100% of the shares in Dense Air New Zealand Limited from Dense Air Limited and SoftBank Corp. More >>
Legal Victory Over Viagogo An Important Win For Kiwi Consumers
Wednesday, 1 May 2024, 11:10 am | Commerce Commission
The Commerce Commission has achieved a hard-fought legal victory over global ticket reseller, Viagogo, after the company repeatedly mislead customers about its authenticity as an official ticket seller, its status as a resale platform, and the price, scarcity, ... More >>
Commission Grants Clearance For NZ Post To Acquire Certain Courier Business Assets Of PBT
Tuesday, 30 April 2024, 5:22 pm | Commerce Commission
The Commerce Commission has granted clearance for New Zealand Post Limited (NZ Post) to acquire PBT Group Limited’s (PBT) courier customer contracts. Central to the Commission’s decision was its assessment of the competitiveness of PBT absent the ... More >>
ComCom Shows The Way To Go For Fuel Savings – Unstaffed Stations
Tuesday, 30 April 2024, 8:42 am | Commerce Commission
The latest analysis of fuel monitoring data by the Commerce Commission shows genuine benefits for Kiwi motorists from unstaffed petrol stations in offering savings and bringing down prices. More >>
ComCom Secures Conviction Against Promoter Who Claimed They'd Be "One Of The Biggest Scammers In NZ
Tuesday, 23 April 2024, 8:41 am | Commerce Commission
The Commerce Commission is warning consumers about the risks and increasing sophistication of pyramid schemes, following the conviction of the lead New Zealand promoter of one of the biggest pyramid schemes the Commission has seen promoted in New Zealand. More >>
Rural New Zealanders Front-of-mind In Commission’s Copper Services Investigation
Monday, 22 April 2024, 8:35 am | Commerce Commission
Mr Gilbertson says the Commission’s monitoring shows that less than half of rural households outside fibre areas are served by copper – “Rural consumers are increasingly shifting off copper as demand for more robust connectivity and internet performance ... More >>
Commission Files Proceedings Against Industrial Cleaning Company And Director, Alleging Cartel Conduct
Thursday, 18 April 2024, 10:50 am | Commerce Commission
The Commerce Commission has filed proceedings under the Commerce Act against industrial cleaning company Canterbury Industrial Scrubbing Limited (CI Scrubbing) and its director, Daniel Jamieson, alleging that it engaged in cartel conduct with a competitor to ... More >>
Commission Focused On Ensuring Chorus Expenditure Benefits Consumers
Thursday, 18 April 2024, 10:27 am | Commerce Commission
The Commerce Commission is seeking feedback on its draft decision to set Chorus’ total expenditure allowance at $1.59 billion over the next four years – 16% or $302.6 million below the company’s proposed expenditure for the next regulatory ... More >>
Traditional ‘Handshake’ Supply Agreements Not Good Enough For $25b Grocery Sector
Tuesday, 16 April 2024, 9:40 am | Commerce Commission
Stamping out old-style ‘handshake’ supply agreements from New Zealand’s $25 billion grocery sector will help level the playing field and address a historical power imbalance and pressure tactics between the major retailers and the many thousands ... More >>
Traditional ‘handshake’ Supply Agreements Not Good Enough For $25b Grocery Sector
Tuesday, 16 April 2024, 9:34 am | Commerce Commission
Stamping out old-style ‘handshake’ supply agreements from New Zealand’s $25 billion grocery sector will help level the playing field and address a historical power imbalance and pressure tactics between the major retailers and the many thousands ... More >>
Commission Takes Court Action Against One NZ For Endangering Vulnerable Consumers
Tuesday, 16 April 2024, 8:46 am | Commerce Commission
“One NZ has a long history of breaching consumer protection laws – so we need to send a strong signal that we won’t tolerate any disregard for its mandatory Code obligations.” More >>
Evergreen Seeks Commission Approval To Acquire ACMNZ
Wednesday, 10 April 2024, 2:42 pm | Commerce Commission
The Commerce Commission has received an application from Evergreen NZ Holdings (Evergreen) seeking clearance or authorisation to acquire 100% of the shares in ACM New Zealand Limited (ACMNZ) from ACM Holdings (NZ) Limited (ACM). Both Evergreen (through its ... More >>
Commerce Commission Drives Legal Action Against Beaurepaires
Wednesday, 10 April 2024, 1:09 pm | Commerce Commission
The Commerce Commission has filed seven charges against Beau Ideal Limited, formerly trading as Beaurepaires, under the Fair Trading Act for allegedly selling non-compliant extended warranties without customers’ knowledge or consent. More >>
New “Realspeed” Report Brings Broadband Testing Into The Home
Monday, 8 April 2024, 10:45 am | Commerce Commission
The results of the report show that, across all broadband technologies, speeds naturally drop between the router and devices being used in the home – but this drop is greater on faster plans, like Fibre and HFC (Hybrid Fibre-Coaxial), which drop more than ... More >>
Statement Of Issues Released For Proposed Foodstuffs Merger
Thursday, 4 April 2024, 2:27 pm | Commerce Commission
The Commission is seeking submissions from Foodstuffs North Island, Foodstuffs South Island and other interested parties on the issues raised in the Statement of Issues. More >>
Commission Grants Clearance For Farmlands To Acquire Seales Winslow
Thursday, 4 April 2024, 10:39 am | Commerce Commission
The Commerce Commission has granted clearance for Farmlands Co-operative Society Limited to acquire 100% of the shares of Seales Winslow Limited. More >>
Disruptive Forces Needed To Drive Change In NZ’s Personal Banking Sector
Thursday, 21 March 2024, 9:17 am | Commerce Commission
The country’s first competition study into personal banking services has revealed a two-tier sector with limited competition and no disruptive forces to drive change and deliver consumer benefits. Commerce Commission Chair, John Small, says that the ... More >>
Commission To Issue Statement Of Issues On Proposed Foodstuffs Merger
Monday, 18 March 2024, 4:10 pm | Commerce Commission
The Commerce Commission has decided to issue a Statement of Issues for the application from Foodstuffs North Island Limited and Foodstuffs South Island Limited seeking clearance to merge. The Statement of Issues will be published on the Commission’s ... More >>
