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Commerce Commission - Latest News [Page 1]
Decision To Extend Life Of Key Local Council Building Consent Software Good For Competition, Says ComCom
Friday, 6 December 2024, 3:13 pm | Commerce Commission
Based on evidence provided from other software providers, government agencies, and a large number of BCAs, the Commission was concerned that the 31 March 2026 timeframe for decommissioning gave GoGet customers insufficient time to find an alternative ... More >>
ComCom Outlines Priorities, Sharing Sectors And Conduct In Its Crosshairs
Friday, 6 December 2024, 10:36 am | Commerce Commission
Commission Chair Dr Small acknowledges Kiwi consumers are facing significant cost of living pressures, which is why the focus areas prioritise action against conduct that can contribute to these pressures, and which disproportionately impact vulnerable ... More >>
Changes To Property Valuation Platform Good For Competition And Good For Consumers, Says Commerce Commission
Wednesday, 4 December 2024, 11:15 am | Commerce Commission
Valocity provides data and digital services to the residential property industry in New Zealand, including major banks, property valuers and borrowers seeking mortgage finance from banks and other providers. More >>
ComCom Targets Bundling Loophole
Tuesday, 3 December 2024, 8:37 am | Commerce Commission
The Commission is concerned that Contact and Nova persist with GST-exclusive pricing by default, when a fully-loaded retail price is what most Kiwis are accustomed to seeing. More >>
Systemic Breaches Of Consumer Law Lead To $1.5million Fine For Kiwibank
Wednesday, 27 November 2024, 3:36 pm | Commerce Commission
The Commission prosecuted Kiwibank for 21 criminal charges under the Fair Trading Act for making misleading representations to its customers about its services, which Kiwibank did not provide on the stated and agreed terms. More >>
Consumer Benefit Key As ComCom Allows Increased Investment In Electricity Network
Wednesday, 20 November 2024, 8:52 am | Commerce Commission
Commissioner Vhari McWha says, "Consumers rightly expect a safe and reliable network and greater investment is required to deliver the capacity and resilience Kiwis demand." More >>
Commission Grants Clearance For Elgas’ Proposed Acquisition Of Vector’s LPG Assets And Liquigas Shares
Thursday, 14 November 2024, 10:35 am | Commerce Commission
Chair Dr John Small said the Commission was satisfied that the acquisition is unlikely to substantially lessen competition in any New Zealand market. More >>
ComCom Takes Legal Action Over One NZ’s ‘100%’ Coverage Claims For SpaceX Service
Thursday, 14 November 2024, 6:43 am | Commerce Commission
The Commission is concerned that the headline representations made during the campaign could be misleading and distort competition in the telecommunications market, says Commerce Commission Deputy Chair, Anne Callinan. More >>
ComCom Signals Potential Deregulation Of MTAS
Wednesday, 13 November 2024, 9:39 am | Commerce Commission
Telecommunications Commissioner, Tristan Gilbertson, says changing consumer behaviour across the digital landscape means there is a case for considering the removal of regulation. More >>
Commerce Commission Secures $200k Penalty Against Lender Charging Up To 182.5% Interest
Tuesday, 12 November 2024, 2:59 pm | Commerce Commission
The majority of loans Eagle MAN issued were to consumers who were financially strained, recent immigrants, or on temporary work visas – these consumers were likely facing significant need which could have made them more vulnerable to high-cost lenders. More >>
ComCom Pushes For Further Improvements And Full Independence For Telco Disputes Scheme
Friday, 8 November 2024, 9:08 am | Commerce Commission
The Commission is required to review TDR every three years and Telecommunications Commissioner, Tristan Gilbertson, says the service it provides has improved considerably after implementing the recommendations the Commission made following the first review ... More >>
Commission Files Proceedings Against GIB Manufacturer Winstone Wallboards For Anti-competitive Conduct
Friday, 1 November 2024, 9:41 am | Commerce Commission
Commission Chair, John Small, says that while historical, the Commission considers the conduct to be serious and warrants proceedings under the Commerce Act. More >>
Dick Smith Warned For Sneaking Subscriptions Into Shopping Carts
Tuesday, 29 October 2024, 10:18 am | Commerce Commission
Commerce Commission Competition, Fair Trading, and Credit General Manager, Vanessa Horne says consumers are focused on their intended purchase when shopping online and should not have to watch out for being automatically signed up to a subscription ... More >>
Starlink To Contribute To Telecommunications Development Levy For The First Time
Thursday, 24 October 2024, 9:30 am | Commerce Commission
Starlink now meets the threshold for providers who must contribute to the Levy which includes all providers with gross revenues in excess of $10 million in the preceding year from telecommunications services including internet, mobile, and data. More >>
Statement Of Preliminary Issues Released For Contact’s Proposed Acquisition Of Manawa
Wednesday, 23 October 2024, 8:37 pm | Commerce Commission
The Commission invites interested parties to provide comments on the likely competitive effects of the proposed acquisition. More >>
ComCom Strengthens Broadband Marketing Guidelines To Boost Consumer Choice
Tuesday, 15 October 2024, 9:07 am | Commerce Commission
Telecommunications Commissioner, Tristan Gilbertson, says the review shows a positive response from industry and an improvement in broadband marketing conduct across the board – particularly for Kiwis coming off copper, where complaints have dropped ... More >>
Commission Grants Clearance For Evergreen To Acquire ACM
Tuesday, 8 October 2024, 1:56 pm | Commerce Commission
Chair Dr John Small said the Commission was satisfied that the acquisition is unlikely to substantially lessen competition in any New Zealand market. More >>
Contact Seeks Clearance To Acquire Manawa
Tuesday, 1 October 2024, 1:45 pm | Commerce Commission
Manawa generates electricity from 25 hydro schemes and one thermal power station, located across New Zealand. More >>
Commerce Commission Declines Clearance For The Proposed Foodstuffs Merger
Tuesday, 1 October 2024, 1:38 pm | Commerce Commission
Chair Dr John Small said that the Commission was not satisfied that the proposed merger would not have the effect of substantially lessening competition in multiple acquisition and retail markets. More >>
Commerce Commission Raises The Alarm Over Potentially Dangerous Children’s Toy
Thursday, 19 September 2024, 9:05 am | Commerce Commission
The Warehouse has issued a voluntary recall for the product, and the Commission strongly encourages any consumers who have any of the “Roo Crew Take-Apart Vehicle Toys” to return them to The Warehouse for a full refund. More >>
