Commerce Commission - Latest News [Page 3]

Another toy safety fine, more guilty pleas

Tuesday, 16 April 2019, 10:01 am | Commerce Commission

A toy importer has been fined $20,000 and three other companies will soon be sentenced on toy safety related charges in the latest Commerce Commission prosecutions. More >>

Spark fined $675,000 for misleading consumers

Friday, 12 April 2019, 2:19 pm | Commerce Commission

Retail telecommunications provider Spark New Zealand Trading Limited (Spark) has been fined $675,000 for making false or misleading representations in its customer invoicing, and when making a $100 credit offer to new customers. More >>

Commission to appeal Viagogo injunction decision

Wednesday, 10 April 2019, 4:59 pm | Commerce Commission

The Commerce Commission is appealing the High Court’s decision declining to grant an interim injunction against online event ticket seller Viagogo. More >>

Home Funding Group charged over ‘saving’ claims

Wednesday, 10 April 2019, 9:48 am | Commerce Commission

The Commerce Commission has filed four charges under the Fair Trading Act 1986 against Home Funding Group Limited (HFG) and its sole director Luke Atkins. More >>

Spotlight on emerging contestable services

Tuesday, 2 April 2019, 9:40 am | Commerce Commission

The Commerce Commission and Electricity Authority have initiated a joint project to assess how new technologies and business models emerging in the electricity sector may benefit consumers in the future. More >>

Contact Energy charged over misleading promotion

Tuesday, 2 April 2019, 9:30 am | Commerce Commission

Electricity company Contact Energy Limited is facing seven charges under the Fair Trading Act for allegedly misleading customers in an advertising promotion which offered fuel discounts with AA Smartfuel alongside electricity plans, following a ... More >>

Preliminary Issues: Mainland Print Inkwise acquisition

Monday, 1 April 2019, 1:40 pm | Commerce Commission

The Commerce Commission has published a statement of preliminary issues relating to an application from Mainland Print Limited to acquire the heatset and coldset web offset printing assets of Inkwise Limited. More >>

Slingshot warned for misleading discount claims

Thursday, 28 March 2019, 1:10 pm | Commerce Commission

Callplus Services Limited, trading as Slingshot, has been warned by the Commerce Commission for likely breaching the Fair Trading Act in an online advertising campaign offering consumers a 10% discount for bundling broadband and electricity services. More >>

Three companies fined $150,000 for selling unsafe toys

Thursday, 28 March 2019, 10:46 am | Commerce Commission

Three companies have been fined a total of more than $150,000, in the latest Commerce Commission prosecutions for supplying toys which did not meet the mandatory safety standard for toys for children 36 months and under. More >>

Commission action seeks $680,000 for borrowers

Tuesday, 26 March 2019, 10:22 am | Commerce Commission

The Commerce Commission has filed High Court proceedings against finance company Linsa Finance Limited, seeking orders that it return costs of borrowing totalling about $680,000 for more than 1,700 loan contracts. More >>

Vector penalised $3.5 million for excessive level of outages

Friday, 22 March 2019, 12:27 pm | Commerce Commission

Auckland electricity lines company Vector Limited has been ordered by the Auckland High Court to pay a penalty of $3.575 million for breaching its network quality standard through an excessive level of power outages. More >>

Statement of Preliminary Issues released for GSK application

Wednesday, 20 March 2019, 3:05 pm | Commerce Commission

Statement of Preliminary Issues released for GSK’s application to acquire Pfizer’s consumer healthcare business More >>

Mainland Print seeks clearance to acquire Inkwise

Monday, 18 March 2019, 4:36 pm | Commerce Commission

The Commerce Commission has received a clearance application from Mainland Print Limited to acquire the heatset and coldset web offset printing assets of Inkwise Limited. More >>

Christchurch finance companies fined $103,500

Thursday, 14 March 2019, 1:27 pm | Commerce Commission

Two Christchurch finance companies have been fined a total of $103,500 and ordered to pay more than $21,000 in statutory damages to borrowers, because some of their loan contracts included security interests taken over prohibited consumer goods, ... More >>

Letter of issues for proposed merger of Knauf and USG

Wednesday, 13 March 2019, 2:34 pm | Commerce Commission

The Commerce Commission has sent a letter of issues to Gebr. Knauf KG and USG Corporation in relation to their application seeking clearance to merge. More >>

GSK seeks clearance to acquire Pfizer’s consumer healthcare

Friday, 8 March 2019, 2:12 pm | Commerce Commission

The Commerce Commission has received a clearance application from GlaxoSmithKline plc seeking clearance to acquire the consumer healthcare business of Pfizer Inc. More >>

Nearly $600K to be returned to borrowers

Tuesday, 5 March 2019, 12:09 pm | Commerce Commission

Thousands of borrowers from two finance companies will receive about $590,000 in refunds following settlement agreements with the Commerce Commission. More >>

High Court dismisses Budget Loans appeal

Monday, 25 February 2019, 3:40 pm | Commerce Commission

High Court dismisses Budget Loans appeal - notes “cynical and extortive” conduct More >>

Investigation opened into Bondor’s acquisition of Long Group

Monday, 25 February 2019, 2:26 pm | Commerce Commission

The Commerce Commission has opened an investigation into Bondor New Zealand Limited’s acquisition of the business and assets of Long Holdings Limited, The Insulation Panel & Door Co Limited and Long Panel Limited (together, the Long Group). More >>

First Gas to pay $3.4 million for anti-competitive conduct

Friday, 22 February 2019, 11:11 am | Commerce Commission

The Wellington High Court has ordered First Gas Limited to pay $3.4 million after it admitted engaging in anti-competitive conduct when acquiring the Bay of Plenty gas distribution assets of GasNet Limited. More >>

   

 

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