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Commerce Commission - Latest News [Page 1]
Commission To Issue Statement Of Issues On Contact’s Proposed Acquisition Of Manawa
Friday, 20 December 2024, 10:54 am | Commerce Commission
The Statement of Issues will be published on the Commission’s case register in due course, and will outline the Commission’s potential competition issues with the proposed acquisition following its initial investigation. The Statement will ... More >>
ComCom Acts To Get Unsafe Toys, Kids’ Bikes, And Baby Rattles Taken Off The Shelves In Time For Christmas
Thursday, 19 December 2024, 2:13 pm | Commerce Commission
The Commerce Commission is responsible for ensuring compliance with product safety standards that are mandatory for certain items including baby walkers, children’s nightwear, children’s toys, household cots, pedal bicycles, and sunscreen. More >>
ComCom To Look At Deregulation Of Select Fibre Services
Thursday, 19 December 2024, 8:42 am | Commerce Commission
“It’s important to note that the commission haven’t decided to deregulate – instead accepted there are grounds for considering deregulation. For deregulation to take place, the commission need to be satisfied there’s enough competition to ... More >>
“Cheating The System” – Sentencing In Country’s First Criminal Cartel Case
Wednesday, 18 December 2024, 3:51 pm | Commerce Commission
Company director Munesh Kumar and his construction company, MaxBuild Ltd. both pleaded guilty to four charges of price fixing in relation to the two projects. A second company and its director are due to face trial in October 2025 in relation to the same cartel conduct. More >>
ComCom Issues Draft Decision To Save Kiwis Over $260 Million A Year In Payment Fees
Wednesday, 18 December 2024, 9:17 am | Commerce Commission
“This work is the next step to further reduce, and simplify, payment costs for New Zealand businesses, and to save merchants and consumers a considerable amount of money,” says Dr Small. More >>
Beaurepaires Convicted Of Deceptive And Unfair Conduct
Monday, 16 December 2024, 2:26 pm | Commerce Commission
Beaurepaires’ invoicing system automatically added Road Hazard Cover to all customer quotes for tyre purchases, and required customers to opt-out if they didn’t want the product. More >>
ComCom Caps Chorus’ Revenue At $4.1 Bn For Next Regulatory Period
Friday, 13 December 2024, 8:59 am | Commerce Commission
Telecommunications Commissioner Mr Gilbertson said the Commission has been encouraged by the smooth transition to the new fibre regime, and the constructive contribution from industry on its consultation for Chorus’ 2025 – 2028 price-quality path. More >>
Criminal Charges On The Way For Major Supermarkets
Tuesday, 10 December 2024, 8:55 am | Commerce Commission
Pricing accuracy is a consumer right and an expectation of a competitive market. The major supermarkets are large, well-resourced businesses that should invest the time and effort to get pricing and promotions right. More >>
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 >>
