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Commerce Commission - Latest News [Page 1]
Statement Of Issues Released For EROAD/Coretex Clearance Application
Friday, 22 October 2021, 7:18 pm | Commerce Commission
The Commerce Commission has published a Statement of Issues relating to an application from EROAD Limited (EROAD) for clearance to acquire all the shares in Coretex Limited (Coretex) (the Proposed Acquisition). The Statement of Issues outlines the Commission’s ... More >>
Commission Welcomes High Court Judgment Clarifying Who Pays Telecommunications Levy
Wednesday, 20 October 2021, 12:06 pm | Commerce Commission
The Commerce Commission welcomes a High Court judgment issued at the end of last week clarifying whether businesses involved in the transmission of broadcasting signals should be required to contribute to the Telecommunications Development Levy (TDL). ... More >>
Statement Of Preliminary Issues Released For Allied Foods / Dad’s Pies Clearance Application
Wednesday, 20 October 2021, 11:11 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Allied Foods (N.Z.) Limited (Allied) to acquire 100% of the shares of Dad’s Pies Limited (DPL). This statement outlines the key competition ... More >>
Commission Continues Dialogue With Energy And Airports Sectors On Regulatory Priorities
Wednesday, 20 October 2021, 9:12 am | Commerce Commission
The Commerce Commission has published an overview of submissions from the energy and airport sectors on how it should organise its regulatory work programme to take account of emerging issues like New Zealand’s transition to a low-carbon economy ... More >>
Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys
Monday, 18 October 2021, 10:06 am | Commerce Commission
A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 ... More >>
Commission Releases Draft Report On Fonterra's 2021/22 Milk Price Manual
Friday, 15 October 2021, 8:24 am | Commerce Commission
Today, the Commerce Commission invited submissions on the draft report on its annual review of Fonterra’s Base Milk Price Manual for the 2021/22 dairy season. The Manual describes the methodology used by Fonterra to calculate its base milk price – the ... More >>
Commission Requires Eastland Network Limited To Repay Consumers $355,000
Wednesday, 13 October 2021, 8:38 am | Commerce Commission
The Commerce Commission has accepted enforceable undertakings from electricity lines company Eastland Network Limited (Eastland) for overcharging its customers $327,000 in the 2020 assessment period. The undertakings require Eastland to repay consumers ... More >>
Statement Of Preliminary Issues Released For Proposed Acquisition In Wellington Private Hospitals
Tuesday, 12 October 2021, 12:37 pm | Commerce Commission
The Commerce Commission has published a Statement of Preliminary Issues relating to an application from Pacific 2021 Bidco NZ Limited (Pacific 2021) seeking clearance to acquire 100% of the shares in Pulse Health NZ Limited (Pulse) from Healthe Care ... More >>
Statement Of Preliminary Issues Released For Tegel Growers Association’s Application Seeking Collective Bargaining
Monday, 11 October 2021, 8:43 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from the New Zealand Tegel Growers Association (TGA) seeking authorisation on behalf of its members to collectively negotiate the terms and conditions of its ... More >>
George Weston Foods (NZ) Limited Seeks Clearance To Acquire Dad’s Pies Limited
Friday, 8 October 2021, 3:53 pm | Commerce Commission
The Commerce Commission has received an application from George Weston Foods (NZ) Limited seeking clearance to acquire 100% of the shares of Dad’s Pies Limited. Both George Weston Foods and Dad’s Pies manufacture and supply savoury pies and ... More >>
Certification Now Mandatory For Lenders And Mobile Traders
Thursday, 7 October 2021, 10:39 am | Commerce Commission
From 1 October 2021, lenders providing consumer credit and mobile traders selling on credit must be certified by the Commerce Commission or face penalties, unless one of the exemptions apply to them. The main exemption is if a lender is licensed ... More >>
Commission Gives Transpower Approval To Recover Costs Of Developing New Transmission Pricing Methodology (TPM)
Thursday, 7 October 2021, 8:39 am | Commerce Commission
The Commerce Commission has allowed Transpower to recover the approximately $5 million it has spent so far in developing a new transmission pricing methodology (TPM). In doing so, the Commission has amended Transpower’s individual price-quality path ... More >>
Online Lender Moola Admits Failure To Behave As A Responsible Lender
Wednesday, 6 October 2021, 11:56 am | Commerce Commission
Christchurch based online lender Moola.co.nz Limited has entered into a settlement with the Commerce Commission, admitting that it failed to comply with the Credit Contracts and Consumer Finance Act’s lender responsibility principles. Moola provides ... More >>
Commission Proposes Extending Regulatory Protections For Phone Number Portability
Wednesday, 6 October 2021, 8:33 am | Commerce Commission
The Commerce Commission has today released a draft determination proposing to continue the regulation of number portability services for both local and mobile telephone numbers for another five years. Telecommunications Commissioner Tristan Gilbertson ... More >>
Statement Of Preliminary Issues Released For Anytime NZ Limited Collaborative Activity Clearance Application
Tuesday, 5 October 2021, 3:38 pm | Commerce Commission
The Commerce Commission has published a Statement of Preliminary Issues relating to the application from Anytime NZ Limited (Anytime NZ) seeking clearance under section 65A of the Commerce Act 1986 for proposed agreements with its franchisees. The proposed ... More >>
Statement of Preliminary Issues on Cargotec/Konecranes
Friday, 1 October 2021, 2:09 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to Cargotec Corporation’s application seeking clearance to acquire Konecranes Plc as part of a global merger. The statement outlines the key competition issues that ... More >>
NZ Tegel Growers Association Seeks Provisional Authorisation For Members To Engage In Collective Bargaining With Tegel
Friday, 1 October 2021, 8:54 am | Commerce Commission
On 16 September 2021, the Commerce Commission received an application from the New Zealand Tegel Growers Association Incorporated (TGA) seeking authorisation on behalf of its members to collectively negotiate the terms and conditions of its members’ ... More >>
Penalty Imposed For Taxi Cartel Conduct
Thursday, 30 September 2021, 2:56 pm | Commerce Commission
The High Court has ordered Hutt and City Taxis Limited (Hutt & City) to pay a penalty of $150,000 in relation to fixing the prices of taxi fares. The Commission filed proceedings against Hutt & City in May 2021. The Commission alleged, ... More >>
Mercury Cleared To Acquire Trustpower’s Retail Business
Tuesday, 28 September 2021, 9:46 am | Commerce Commission
The Commerce Commission has granted clearance for Mercury NZ Limited to acquire Trustpower Limited’s retail business. Deputy Chair Sue Begg said the Commission is satisfied that the acquisition is unlikely to substantially lessen competition ... More >>
Commission Warns EA Networks For $3.3 Million Price Path contravention And Accepts Enforceable Undertakings
Monday, 27 September 2021, 8:59 am | Commerce Commission
The Commerce Commission has accepted enforceable undertakings from electricity lines company EA Networks for contravening its regulated price path by approximately $52,000 in the 2020 assessment period and issued a warning to EA Networks for contravening ... More >>
