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Commerce Commission - Latest News [Page 1]

Hamilton finance company warned over car loan, repossession

Tuesday, 10 December 2019, 1:52 pm | Commerce Commission

The Commerce Commission has warned Hamilton-based WeCare Finance Limited that, in the Commission’s view, it likely breached the lender responsibility principles of the Credit Contracts and Consumer Finance Act 2003 (CCCFA) by failing to make ... More >>

Court fines GO Healthy for misleading ‘NZ Made’ claims

Tuesday, 10 December 2019, 10:21 am | Commerce Commission

Health supplements seller GO Healthy New Zealand Ltd has been fined $337,500 in the Auckland District Court for misleading consumers by claiming its supplements were “made in New Zealand”, when the key ingredients in the majority of its products ... More >>

I’m dreaming of a fairly-priced Christmas

Monday, 9 December 2019, 12:14 pm | Commerce Commission

Sleigh bells may not be ringing much in New Zealand but shopping till bells certainly are, and the Commerce Commission is dreaming of a fairly-priced Christmas for consumers. More >>

Proceedings filed against container depot company

Friday, 6 December 2019, 9:33 am | Commerce Commission

The Commerce Commission has filed High Court proceedings alleging Specialised Container Services (Christchurch) Limited (SCS Christchurch) and its director Grant Tregurtha attempted to engage in price fixing with one of its competitors. More >>

Study recommends changes to benefit competion

Thursday, 5 December 2019, 8:33 am | Commerce Commission

The Commerce Commission has released its final report into the retail fuel market and has recommended changes to stimulate competition and benefit consumers. More >>

Preliminary Issues Statement released for Property Brokers

Thursday, 28 November 2019, 4:55 pm | Commerce Commission

The Commerce Commission has published a statement of preliminary issues relating to an application from Property Brokers Limited to acquire the West Coast real estate business and property management business of Farmlands Real Estate Limited and Farmlands ... More >>

Final decision on the default price-quality paths

Wednesday, 27 November 2019, 9:12 am | Commerce Commission

The Commerce Commission has released its final decision on the default price-quality paths (DPPs) which apply to 15 of New Zealand’s regulated electricity lines companies for the period 2020-2025. More >>

Property Brokers seeks to acquire Farmland business

Monday, 25 November 2019, 2:43 pm | Commerce Commission

The Commerce Commission has received a clearance application from Property Brokers Limited to acquire the West Coast real estate business and property management business of Farmlands Real Estate Limited and Farmlands Real Estate Property Management Limited ... More >>

Consumer complaints to Commission leap 20%

Thursday, 21 November 2019, 10:07 am | Commerce Commission

Consumer complaints to the Commerce Commission increased more than 20% in the 2018/19 year, to nearly 9,000. More >>

Torpedo7 fined $80K for selling bikes with no front brakes

Tuesday, 19 November 2019, 1:56 pm | Commerce Commission

Torpedo7 fined $80K for selling bikes with no front brakes Sports goods retailer Torpedo7 Limited (trading as 1-day.co.nz ) has been fined $80,000 on two charges under the Fair Trading Act 1986, relating to its supply of bicycles without front ... More >>

New regulatory regime for fibre broadband networks

Tuesday, 19 November 2019, 8:45 am | Commerce Commission

The Commerce Commission has today released its draft decisions on the design of the new regulatory regime for fibre broadband networks. More >>

Cengage/McGraw-Hill merger

Friday, 15 November 2019, 11:23 am | Commerce Commission

The Commerce Commission has published a Statement of Preliminary Issues relating to an application from Cengage Learning Holdings II, Inc. and McGraw-Hill Education Inc. to merge their global publishing businesses. In New Zealand both parties supply ... More >>

Commission warns property trader Peter Lee and PWG Limited

Friday, 15 November 2019, 9:06 am | Commerce Commission

Property trader Peter Lee and business PWG Limited (PWG), trading as Property Wise and Auckland House Buyers, have been warned by the Commerce Commission for conduct that likely breached the Fair Trading Act. More >>

CC releases final decision on Transpower price-quality path

Thursday, 14 November 2019, 8:46 am | Commerce Commission

The Commerce Commission has issued its final decision on the maximum revenue Transpower can earn and the minimum quality standards it must meet under its individual price-quality path (IPP) for the period 2020 – 2025. More >>

Refunds for Home Direct customers

Tuesday, 12 November 2019, 7:17 pm | Commerce Commission

The Commerce Commission is urging customers of mobile trader Home Direct to check if they are eligible for a credit or refund, after the High Court declared that terms in its contracts relating to its “voucher entitlement scheme” were unfair and ... More >>