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Commerce Commission - Latest News [Page 1]
Statement Of Preliminary Issues Released For Can Plan / Nelmac Clearance Application
Friday, 22 January 2021, 12:02 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Can Plan Nelson Limited (Can Plan) to acquire certain assets of Nelmac Limited’s (Nelmac/s) waste collection business, which trades as Betta ... More >>
Stop Now Letter Issued To Promoter Of Lion's Share Scheme
Tuesday, 19 January 2021, 11:59 am | Commerce Commission
The Commerce Commission has issued a Stop Now letter to Shelly Cullen, promoter of Lion’s Share, which the Commission believes is likely a pyramid selling scheme. Pyramid selling schemes are prohibited under the Fair Trading Act 1986. The Commission ... More >>
Commission Publishes Revised Authorisation Guidelines And Application Forms
Wednesday, 23 December 2020, 12:49 pm | Commerce Commission
The Commerce Commission has released its updated Authorisation Guidelines that explain its approach to assessing applications to authorise agreements or mergers in the public interest. The Guidelines were last updated in 2013 and since then the Commission ... More >>
Commission Closes Investigation Into Beijer Acquisitions
Tuesday, 22 December 2020, 6:55 pm | Commerce Commission
The Commerce Commission has closed its investigation into Beijer Ref AB’s 2018 acquisition of Heatcraft New Zealand Limited, and its 2019 acquisition (via its subsidiary Kirby NZ Limited) of a right to import hydrofluorobcarbons (HFCs) into New Zealand ... More >>
Can Plan Seeks Clearance To Acquire The Assets Of The Betta Bins Waste Collection Business
Tuesday, 22 December 2020, 1:06 pm | Commerce Commission
The Commerce Commission has received a clearance application from Can Plan Nelson Limited (Can Plan) to acquire certain assets of Nelmac Limited’s (Nelmac/s) waste collection business, which trades as Betta Bins. These assets include two Side Loader ... More >>
Statement Of Issues Released For Aon/Willis Towers Watson Clearance Application
Monday, 21 December 2020, 4:15 pm | Commerce Commission
The Commerce Commission has published a Statement of Issues relating to an application from Aon plc seeking clearance to acquire Willis Towers Watson Public Limited Company as part of a global transaction. The Statement of Issues outlines the Commission’s ... More >>
Commission Seeks Feedback On Draft Cartel Leniency And Immunity Policy
Friday, 18 December 2020, 9:59 am | Commerce Commission
The Commerce Commission is consulting on its revised cartel leniency and immunity policy and revised template leniency agreement. The cartel leniency and immunity policy has been updated to reflect changes to the Commission’s cartel leniency ... More >>
Commission Grants Clearance For Pact To Acquire Flight
Thursday, 17 December 2020, 9:45 am | Commerce Commission
The Commerce Commission has granted clearance to Pact Group Holdings Limited (Pact) to acquire the assets and business of Flight Plastics Limited in New Zealand and the packaging-related assets of Flight Extruded Plastics LP in Adelaide (together, ... More >>
New Report Highlights Electricity Lines Companies’ Financial Performance And Service Quality
Thursday, 17 December 2020, 8:40 am | Commerce Commission
The Commerce Commission has today published a report and dashboard on the trends in performance of local lines companies to help New Zealanders better understand how and why the prices and service quality of their local electricity lines companies ... More >>
Noel Leeming Group Warned For Making Delivery Representations Without Reasonable Grounds During COVID-19 Lockdown
Wednesday, 16 December 2020, 9:56 am | Commerce Commission
Noel Leeming Group has been warned by the Commerce Commission for making delivery representations about two products which, in the Commission’s view, it did not have reasonable grounds for at the time the representations were made. The warning ... More >>
Commission Publishes Final Report On Fonterra’s 2020/21 Milk Price Manual
Tuesday, 15 December 2020, 8:27 am | Commerce Commission
The Commerce Commission today published its final report on its annual review of Fonterra’s Farmgate Milk Price Manual for the 2020/21 dairy season (Manual), which contains Fonterra’s methodology for calculating its base milk price. This year’s ... More >>
Papakura Vehicle Dealer Fined $67,500 Over "as Is, Where Is" Claims And CINs
Monday, 14 December 2020, 9:57 am | Commerce Commission
Auckland motor vehicle trader BNZ JP Euro Auto Parts Limited has been fined $67,500 for misrepresenting consumers’ rights under the Consumer Guarantees Act 1993 (CGA) and for failing to provide Consumer Information Notices (CINs). BNZ JP Euro had earlier ... More >>
Commission Seeks Feedback On Funding To Improve Work In Regulated Sectors
Thursday, 10 December 2020, 9:08 am | Commerce Commission
The Commerce Commission is seeking feedback on the level of funding needed over the next five years to help deliver its regulation of the telecommunications, electricity and gas sectors. The Commission’s regulatory functions are funded through levies ... More >>
Commission Releases Preliminary Issues And Proposed Scope For Grocery Study
Thursday, 10 December 2020, 8:26 am | Commerce Commission
The Commerce Commission has today released a paper outlining the preliminary issues it may explore and the proposed scope for its market study into the grocery sector. “We expect that the issues we focus on will evolve as our understanding of the ... More >>
Commission Finalises Consumer Protections For Withdrawal Of Copper Phone And Broadband Services By Chorus
Thursday, 10 December 2020, 8:18 am | Commerce Commission
The Commerce Commission has finalised its Copper Withdrawal Code that sets out the requirements Chorus, the provider of New Zealand’s copper telecommunications network, must meet before it can stop providing wholesale copper phone and broadband services ... More >>
Commission To Investigate Safety Warehouse “The Drop” Event
Wednesday, 9 December 2020, 5:00 pm | Commerce Commission
The Commerce Commission has opened an investigation into representations made by Greenback Ecommerce Limited trading as The Safety Warehouse in relation to the “The Drop” event of 5 December. The investigation will be into whether any representations ... More >>
Commission Urges Caution Over Toy And Bike Purchases As Four Companies Warned
Wednesday, 9 December 2020, 9:54 am | Commerce Commission
The Commerce Commission is urging consumers to take a second look at the toys and bikes they purchase this Christmas, as four companies are warned over product safety. “We want consumers to think hard about the toys and bikes they buy this Christmas. ... More >>
Former High-cost Lender Warned Over Failure To Adhere To Responsible Lending Requirements
Thursday, 3 December 2020, 8:56 am | Commerce Commission
The Commerce Commission has issued a warning to Superloans Napier Limited and Superloans Porirua Limited that they are likely to have failed to comply with the lender responsibility principles set out in the Credit Contracts and Consumer Finance Act 2003 (CCCF Act). ... More >>
Final Decision On Allocation Of $10 Million Telecommunications Development Levy
Thursday, 3 December 2020, 8:38 am | Commerce Commission
The Commerce Commission has today released its final determination on the allocation of payments for the Government’s $10 million Telecommunications Development Levy (TDL) for 2019/20. The TDL is paid by providers earning more than $10 million per ... More >>
BNZ Warned Over Responsible Lending And Disclosure Failures
Wednesday, 2 December 2020, 1:14 pm | Commerce Commission
The Bank of New Zealand (BNZ) has been warned by the Commerce Commission over likely responsible lending breaches and failures to provide timely and accurate information to borrowers. In the Commission’s view, BNZ likely breached responsible lending ... More >>
