Commerce Commission - Latest News [Page 4]
Cyclone Impacts On Grid Highlights Importance Of Resilience Planning
Tuesday, 26 September 2023, 10:46 am | Commerce Commission
The Commerce Commission says the impacts on households and business customers from electricity outages following Cyclone Gabrielle highlight the need for a ‘new normal’ in asset management planning and investment strategies. Commissioner, Vhari McWha, ... More >>
Sealord Seeks Clearance To Acquire Independent Fisheries
Thursday, 21 September 2023, 3:32 pm | Commerce Commission
The Commerce Commission has received a clearance application from Sealord Group Limited (Sealord) seeking clearance to acquire the fishing business of Independent Fisheries. Under the proposed acquisition, Sealord would acquire 100% of the shares ... More >>
ComCom Calls For Telcos To Unpack Bundles Of ‘confusion’
Thursday, 21 September 2023, 9:33 am | Commerce Commission
The Commerce Commission has today released draft guidelines that would require telcos to unpack bundled offers so that Kiwi consumers can easily compare prices and make informed choices about the true value they offer. Telecommunications Commissioner, ... More >>
Commission Grants Clearance For Moana’s Proposed Acquisition Of Sanford’s North Island Inshore Fishing Business
Tuesday, 12 September 2023, 7:48 pm | Commerce Commission
The Commerce Commission has granted clearance for Aotearoa Fisheries Limited (trading as Moana New Zealand) to acquire Sanford Limited’s North Island inshore fishing business. Both Moana and Sanford operate inshore fishing businesses that supply fresh ... More >>
New ComCom Rankings Reveal Telcos With Best Customer Service
Thursday, 7 September 2023, 9:21 am | Commerce Commission
The Commerce Commission’s new mobile and broadband customer service rankings – published for the first time today – reveal how New Zealand’s major telecommunications providers rank across a range of key customer service indicators. Telecommunications ... More >>
ComCom Issues “please Explain” To Fuel Companies On Pricing Anomalies
Wednesday, 6 September 2023, 9:16 am | Commerce Commission
The Commerce Commission is seeking an explanation from New Zealand's major fuel companies about anomalies that have been identified in retail fuel pricing over the first year of monitoring under the new Fuel Industry Act regulatory regime. Commission ... More >>
Statement Of Preliminary Issues Released For Ngāi Tahu Tourism Application To Acquire KJet And Time Tripper
Thursday, 31 August 2023, 3:21 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from application from Ngāi Tahu Tourism Limited seeking clearance for itself (or a wholly-owned subsidiary) to acquire the tourism jet boating business ... More >>
Statement Of Preliminary Issues Released For Real NZ Application To Acquire Spirit Of Queenstown
Thursday, 31 August 2023, 3:19 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Real Journeys Limited (trading as Real NZ) seeking clearance for itself (or any interconnected body-corporate) to acquire the vessel, the Spirit ... More >>
Commission Seeks Views On Revenue Limits And Service Quality Standards For Chorus
Thursday, 31 August 2023, 9:24 am | Commerce Commission
The Commerce Commission is seeking views on the approach to resetting revenue limits and quality standards for Chorus, the country’s largest telecommunications infrastructure provider. Under the new regulatory regime for fibre, the Commission sets a ‘Price ... More >>
Commission Says Mobile Roaming Regulation Still Important To Competition
Wednesday, 30 August 2023, 9:51 am | Commerce Commission
The Commerce Commission has decided to retain its ability to regulate national mobile roaming, saying it remains an important regulatory backstop for promoting competition in mobile telecommunications markets for the benefit of New Zealanders. National ... More >>
Authorisation Application Received From The Infant Nutrition Council
Thursday, 24 August 2023, 4:56 pm | Commerce Commission
The Commerce Commission has received an application from the Infant Nutrition Council Limited (INC) seeking an authorisation for an arrangement allowing the INC to restrict its members from advertising and marketing formula products for infants aged up to ... More >>
Real NZ Seeks Clearance To Acquire Spirit Of Queenstown
Tuesday, 22 August 2023, 4:58 pm | Commerce Commission
The Commerce Commission has received an application from Real Journeys Limited (trading as Real NZ) seeking clearance for itself (or any interconnected body-corporate) to acquire the vessel, the Spirit of Queenstown, and associated assets from Southern ... More >>
ComCom Proposes Greater Transparency From Lines Companies, With Increasing Reliance On Electricity
Friday, 18 August 2023, 10:07 am | Commerce Commission
The Commerce Commission has today released its draft decision on the additional information New Zealand’s local lines companies must disclose publicly – reflecting the increasing reliance on electricity as part of the country’s commitment to reduce ... More >>
Ngāi Tahu Tourism Seeks Clearance To Acquire KJet And Time Tripper
Monday, 14 August 2023, 3:20 pm | Commerce Commission
The Commerce Commission has received an application from Ngāi Tahu Tourism Limited seeking clearance for itself (or a wholly-owned subsidiary) to acquire the tourism jet boating business trading as “KJet” and related assets (including 100% of ... More >>
ComCom Action Delivers $3.675 Million ‘sting’ To One NZ For Kiwi Consumers
Monday, 14 August 2023, 11:00 am | Commerce Commission
The Commerce Commission says a record $3.675 million fine imposed on One NZ (formerly Vodafone NZ) for misleading consumers in the marketing of its FibreX broadband service is a significant win for Kiwi consumers. Commission Chair, John Small, says the penalty ... More >>
Commerce Commission Outlines Proposed Focus For Market Study Into Personal Banking
Thursday, 10 August 2023, 10:34 am | Commerce Commission
The Commerce Commission has outlined the key products and issues it proposes to explore in the market study into personal banking services, with the release of the Preliminary Issues paper. The release of a Preliminary Issues paper is a standard ... More >>
Commerce Commission Gives Clearance For Microsoft To Buy Activision
Tuesday, 8 August 2023, 12:03 pm | Commerce Commission
The Commerce Commission has granted clearance for Microsoft Corporation to acquire 100% of the common stock of Activision Blizzard. Both Microsoft and Activision are developers, publishers and distributors of video games for personal computer (PC), ... More >>
Retail Payment System Regulation To Deliver $105m In Savings For Businesses
Tuesday, 8 August 2023, 11:22 am | Commerce Commission
The Commerce Commission says businesses in New Zealand will save an estimated $105 million each year by a reduction in fees to accept Mastercard and Visa payments – savings expected to be sustained and flow through to Kiwis over time. With the introduction ... More >>
ComCom Encourages Businesses To “do The Right Thing By Their Customers” When Surcharging
Thursday, 3 August 2023, 10:25 am | Commerce Commission
The Commerce Commission has issued an Open Letter on its work promoting appropriate surcharging and is encouraging businesses to do the right thing by their customers. The letter also highlights the Commission’s engagement with a selected group of ... More >>
$500k Penalty In Land Covenant Case For Trying To “stop Bunnings Building”
Monday, 31 July 2023, 12:21 pm | Commerce Commission
NGB Properties Limited (NGB) has been penalised $500,000 after the Commerce Commission took court action over an anti-competitive covenant that it placed on a site close to Mitre 10 MEGA Tauranga, for the purpose of preventing competitor Bunnings from ... More >>