Commerce Commission - Latest News [Page 1]

Commerce Commission Moves To Address Rising Telecommunications Sector Complaints

Thursday, 29 October 2020, 8:28 am | Commerce Commission

The Commerce Commission is asking for views on what telecommunications providers could be doing better to address increasing complaints about the sector. The number of consumer complaints is an indicator of consumer experience and, over the past ... More >>

PAK’nSAVE Mangere Fined $78,000 For Price Discrepancies

Wednesday, 28 October 2020, 9:56 am | Commerce Commission

Kennedy’s Foodcentre (2003) Limited trading as PAK’nSAVE Mangere has been fined $78,000 for discrepancies between the promotional price displayed or advertised and the price charged at the till. It had earlier pleaded guilty to six charges of making ... More >>

Draft Decision On Allocation Of $10 Million Telecommunications Development Levy

Thursday, 22 October 2020, 8:56 am | Commerce Commission

The Commerce Commission has today released its draft 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 >>

Wilson Parking Agrees To Divest Car Parks In Settlement Agreement With Commerce Commission

Wednesday, 21 October 2020, 1:53 pm | Commerce Commission

Wilson Parking New Zealand Limited (Wilson Parking) has agreed to divest the leases of three car parking facilities it currently operates in central Wellington, in a settlement agreement with the Commerce Commission. In June 2016, Wilson Parking New ... More >>

Aon Seeks Clearance To Acquire Willis Towers

Friday, 16 October 2020, 3:51 pm | Commerce Commission

The Commerce Commission has received a clearance application from Aon plc to acquire all the shares of Willis Towers Watson Public Limited Company as part of a global transaction. Aon and Willis Towers Watson are both publicly traded, global professional ... More >>

Commission Consults On Draft Report On Fonterra’s 2020/21 Milk Price Manual

Thursday, 15 October 2020, 8:29 am | Commerce Commission

The Commerce Commission today released its draft report on its annual review of Fonterra’s Farmgate Milk Price Manual for the 2020/21 dairy season. This year’s review focused on the changes Fonterra has made to the Manual. These include amending ... More >>

Statement Of Preliminary Issues Released For NEP Acquisition Of Sky’s Outside Broadcasting Assets

Tuesday, 13 October 2020, 5:29 pm | Commerce Commission

The Commerce Commission has published a statement of preliminary issues relating to an application from NEP Broadcast Services New Zealand Limited seeking clearance to acquire from Sky Network Television Limited the assets of its outside broadcasting ... More >>

Commission Releases Rules To Safeguard Consumers Of Fibre Broadband

Tuesday, 13 October 2020, 8:44 am | Commerce Commission

The Commerce Commission has today published its first set of final decisions on the input methodologies that will apply to fibre fixed line access services. “Our input methodologies are designed to incentivise fibre providers to innovate, invest, ... More >>

$75,000 Fine For Heat Pump Servicing Company

Thursday, 8 October 2020, 10:02 am | Commerce Commission

Heat pump servicing company Ocean Contracting Limited has been fined $75,000 for making false or misleading representations to 10 customers in Otago and Southland, following a Commerce Commission investigation. The company earlier pleaded guilty ... More >>

Commission Confirms To Monitoring And Enforcing Non-discrimination And Equivalence Obligations

Wednesday, 30 September 2020, 8:50 am | Commerce Commission

Commission confirms its approach to monitoring and enforcing non-discrimination and equivalence obligations. The Commerce Commission has today released guidance about how it will monitor and enforce obligations on telecommunication network operators ... More >>

NEP Seeks Clearance To Acquire Sky’s Outside Broadcasting Assets

Monday, 28 September 2020, 10:43 am | Commerce Commission

The Commerce Commission has received a clearance application from NEP Broadcast Services New Zealand Limited to acquire from Sky Network Television Limited the assets of its outside broadcasting business, Outside Broadcasting Limited. In New Zealand, ... More >>

Draft Decision To Reduce Wellington Electricity’s Allowable Revenue

Friday, 25 September 2020, 8:47 am | Commerce Commission

The Commerce Commission has released a draft decision on how it proposes to move Wellington Electricity Lines Limited from a customised price-quality path (CPP) to a default price-quality path from 1 April 2021. More >>

Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million

Thursday, 24 September 2020, 10:05 am | Commerce Commission

Kiwibank has entered into a settlement agreement with the Commerce Commission after reporting that it failed to have in place robust home loan variation disclosure policies, procedures and systems. In a settlement dated 27 August 2020, Kiwibank admitted that ... More >>

More Toy Safety Fines - Judge Says “substantially Higher Penalties” Justified

Wednesday, 23 September 2020, 10:26 am | Commerce Commission

Two importers have been fined a total of $118,000 on toy safety charges, and a District Court Judge has said that “substantially higher penalties” are justified in such cases. SDL Trading Limited was fined $64,000 in the Auckland District Court. It was ... More >>

Commission Approves Transpower’s $143m Voltage Stability Project In Waikato And Upper North Island

Wednesday, 23 September 2020, 8:47 am | Commerce Commission

The Commerce Commission has approved Transpower’s proposal to recover up to $143 million of investment to manage voltage stability in the Waikato and Upper North Island region. Transpower submitted a major capital expenditure proposal to the Commission ... More >>

Mobile Operators Should Improve Consumer Choice Through Easier Comparisons

Thursday, 17 September 2020, 9:24 am | Commerce Commission

The Commerce Commission has told New Zealand’s three mobile network operators that they should provide more meaningful comparison information and guard against overspending by mobile phone consumers. The Commission today published the open letter ... More >>

Commission Clears Proposed Heyden/Henergy/Rasmusens Egg Merger

Wednesday, 16 September 2020, 5:05 pm | Commerce Commission

The Commerce Commission has granted clearance to Heyden Farms Limited, Henergy Cage-Free Limited and Rasmusens Poultry Farms Limited to merge their respective egg production operations. In reaching its decision, the Commission considered the potential impact ... More >>

Commission Releases Final Report On Fonterra’s Milk Price

Tuesday, 15 September 2020, 9:00 am | Commerce Commission

The Commerce Commission has today released its final report on Fonterra’s base milk price calculation for the 2019/20 dairy season. The base milk price is the average price Fonterra sets for raw milk supplied by farmers, which is currently forecast ... More >>

Proposed Approach To Fibre Regulation Released

Tuesday, 15 September 2020, 8:42 am | Commerce Commission

The Commerce Commission has today released its first paper for fibre price-quality and information disclosure regulation. This paper sets out the proposed process and approach to regulating telecommunications companies that provide fibre access services ... More >>

Hamilton Real Estate Agencies To Pay $4 Million For Price Fixing

Thursday, 10 September 2020, 9:35 am | Commerce Commission

The Auckland High Court has ordered Hamilton-based Lodge Real Estate Limited (Lodge) to pay $2.1 million and Monarch Real Estate Limited (Monarch) to pay $1.9 million for engaging in price-fixing in breach of the Commerce Act. The Court’s penalty ... More >>

 

 
 
 
 
 

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