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Commerce Commission - Latest News [Page 1]
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 >>
Commission Reviews Past Merger Decisions To Assess Competitive Impacts
Thursday, 29 February 2024, 3:13 pm | Commerce Commission
The Commerce Commission has released a report of its findings following a review of 13 merger applications assessed between 2014 and 2019. Merger clearance decisions require a forward-looking assessment of the risk that competition will ... More >>
Commission Grants Clearance For St John To Acquire Medical Alarm And Monitoring Assets From Securely
Thursday, 29 February 2024, 2:36 pm | Commerce Commission
The Commerce Commission has granted clearance for The Priory in New Zealand of the Most Venerable Order of the Hospital of St John of Jerusalem (St John) to acquire certain assets relating to the medical alarm and monitoring business, which includes ... More >>
Formal Warning For The Lines Company Outages – Focus On Recovery Plan
Thursday, 29 February 2024, 10:46 am | Commerce Commission
In the wake of multiple outages and the failure to meet minimum quality standards, the Commerce Commission has accepted enforceable undertakings from The Lines Company Limited (TLC), which connects 18,000 electricity customers throughout the King Country, ... More >>
Commission Confirms Greater Transparency Requirements For Lines Companies As Energy Transition Continues
Thursday, 29 February 2024, 9:16 am | Commerce Commission
The Commerce Commission has published its final decision on the changes to information New Zealand’s local lines companies must disclose publicly as they adapt to an increasing demand on their networks, driven in large part by New Zealand’s commitment ... More >>
Statement Of Issues Released For NZ Post’s Application To Acquire Certain Courier Business Assets Of PBT
Wednesday, 28 February 2024, 4:28 pm | Commerce Commission
The Commerce Commission has published a Statement of Issues relating to an application from NZ Post seeking clearance for it to acquire PBT Group Limited’s existing contracts with businesses who have signed contracts to use PBT’s courier services. The Statement ... More >>
CC Approves Nearly $400m Investment To Strengthen Grid, With Transpower To Provide Timing Assurance On Cable Spend
Wednesday, 28 February 2024, 9:17 am | Commerce Commission
The Commerce Commission has approved Transpower’s proposed $392.9 million investment in the national grid, and is satisfied that the identified need to strengthen the electricity transmission system over the next decade is in the long term interests ... More >>
