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Commerce Commission - Latest News [Page 10]
Vector Penalised $1.1 Million For Excessive Level Of Power Outages
Wednesday, 10 May 2023, 9:55 am | Commerce Commission
Commerce Commission action against Auckland electricity lines company Vector has resulted in the Auckland High Court imposing a penalty of $1,158,400 for breaches of network quality standards – relating to excessive power outages from 2017 to ... More >>
Commission Grants Clearance For Passive Mobile Tower Assets Deal
Friday, 5 May 2023, 10:03 am | Commerce Commission
The Commerce Commission has granted clearance for Connexa Limited (Connexa) to acquire certain passive mobile telecommunications infrastructure assets from Two Degrees Networks Limited and Two Degrees Mobile Limited (2degrees). The proposed acquisition ... More >>
Statement Of Preliminary Issues Released For Henkel’s Proposed Acquisition Of The Earthwise Brand And Business
Thursday, 4 May 2023, 5:56 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Henkel New Zealand Limited seeking clearance to acquire the Earthwise brand and business from Earthwise Group Limited. The statement outlines ... More >>
Statement Of Preliminary Issues Released For Reward’s Proposed Acquisition Of Southern Hospitality
Tuesday, 2 May 2023, 7:32 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Reward Supply Co Pty Limited seeking clearance to acquire 100% of the shares of Southern Hospitality Limited. The statement outlines the key ... More >>
Commission’s Test Results Show Potential Of Satellite Broadband For Rural New Zealand
Tuesday, 2 May 2023, 9:36 am | Commerce Commission
The Commerce Commission’s latest Measuring Broadband New Zealand report shows the potential of low Earth orbit satellite (LEO) broadband internet as an option for the 13% of Kiwis who are not able to access fibre. This report is the first in ... More >>
Woolworths cleared to acquire PETstock
Friday, 28 April 2023, 6:28 pm | Commerce Commission
The Commerce Commission has granted clearance for Woolworths Group Limited to acquire 55% of the shares in PETstock Pty Ltd. In reaching its decision, the Commission considered the potential impact of the proposed acquisition on competition in the markets for ... More >>
Bachcare Court Action Highlights Need For Holidaymakers To Read Ts & Cs
Monday, 17 April 2023, 1:22 pm | Commerce Commission
The Commerce Commission has filed civil proceedings under the Fair Trading Act against Bachcare Limited (Bachcare), alleging that a number of its contract terms are unfair and liable to cause financial detriment to Kiwis and other tourists booking holiday ... More >>
Henkel Seeks Clearance To Acquire The Earthwise Brand And Business
Thursday, 13 April 2023, 2:51 pm | Commerce Commission
The Commerce Commission has received a clearance application from Henkel New Zealand Limited (Henkel) to acquire the Earthwise brand and business from Earthwise Group Limited (Earthwise Group). Henkel is a multinational chemical and consumer goods ... More >>
Commerce Commission Publishes Guidelines On The Application Of Competition Law To Intellectual Property Rights
Thursday, 6 April 2023, 1:15 pm | Commerce Commission
The Commerce Commission has published Guidelines on the Application of Competition Law to Intellectual Property Rights (Guidelines) to help businesses understand how competition law applies to the exercise of intellectual property rights. The Commerce ... More >>
Reward Seeks Clearance To Acquire Southern Hospitality
Wednesday, 5 April 2023, 4:23 pm | Commerce Commission
The Commerce Commission has received a clearance application from Reward Supply Co Pty Limited (Reward) to acquire 100% of the shares in Southern Hospitality Limited (Southern Hospitality). Reward is an Australian company that supplies food service ... More >>
Sika Cleared To Acquire MBCC Group Subject To Divestment
Tuesday, 4 April 2023, 1:54 pm | Commerce Commission
The Commerce Commission has granted clearance for Sika AG to acquire the MBCC Group subject to divesting certain assets of MBCC, including the entirety of MBCC’s business in New Zealand (Divestment Undertaking). Both parties manufacture chemical admixtures, ... More >>
New Market Power Law Will Help Stamp Out Anti-competitive Behaviour
Wednesday, 29 March 2023, 2:46 pm | Commerce Commission
Commerce Commission issues guidelines to help businesses understand new market power test The Commerce Commission today published its Misuse of market power guidelines , ahead of a law change that will make it easier to take action against businesses ... More >>
Statement Of Issues Released For Connexa / 2degrees Passive Mobile Tower Assets
Tuesday, 28 March 2023, 7:21 pm | Commerce Commission
The Commerce Commission has published a statement of issues relating to an application from Connexa Limited (Connexa) to acquire certain passive mobile telecommunications infrastructure assets from Two Degrees Networks Limited and Two Degrees Mobile Limited ... More >>
Guidance For Businesses Collaborating In Response To An Emergency
Wednesday, 22 March 2023, 4:00 pm | Commerce Commission
The Commerce Commission has today issued new guidance to help businesses understand how and when they can collaborate in response to an emergency – such as working together in regions impacted by Cyclone Gabrielle. “It’s been devastating to ... More >>
Anti-competitive Land Covenants May Be Limiting Competition, Commission Says
Wednesday, 15 March 2023, 10:49 am | Commerce Commission
The Commerce Commission has today issued guidance around anti-competitive land covenants, which may be limiting competition across many sectors of the New Zealand economy. The Anti-competitive land covenants Fact Sheet published today outlines the Commission’s ... More >>
Fuel Monitoring Report Shows Wellington Prices Highest, And Significant Variation Within Cities
Thursday, 9 March 2023, 9:07 am | Commerce Commission
The Commerce Commission’s second Quarterly Report on the performance of New Zealand’s $10 billion fuel markets puts the spotlight on the capital with prices in Wellington, Porirua and Lower Hutt highest across Regular 91, Premium and Diesel. The Quarterly ... More >>
Commission Prosecutes The TV Shop, Arguing It Manipulated 'customer' Reviews And Misled Shoppers
Wednesday, 1 March 2023, 9:41 am | Commerce Commission
The Commerce Commission has filed 13 representative charges against The TV Shop (Brand Developers Limited), that focus on marketing and promotional practices it believes are likely to mislead Kiwi consumers. Commerce Commission’s General Manager ... More >>
Statement Of Preliminary Issues Released For Woolworths’ Proposed Acquisition Of PETstock
Monday, 27 February 2023, 11:21 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Woolworths Group Limited seeking clearance to acquire 55% of the shares in PETstock Pty Limited. The statement outlines the key competition ... More >>
Woolworths Seeks Clearance To Acquire PETstock
Tuesday, 7 February 2023, 4:30 pm | Commerce Commission
The Commerce Commission has received a clearance application from Woolworths Group Limited (Woolworths) to acquire 55% of the shares in PETstock Pty Ltd (PETstock). Woolworths is an Australian-based retailer listed on the Australian Stock Exchange. ... More >>
Statement Of Preliminary Issues Released For Connexa / 2degrees Passive Mobile Tower Assets
Thursday, 26 January 2023, 7:58 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Connexa Limited (Connexa) to acquire certain passive mobile telecommunications infrastructure assets from Two Degrees Networks Limited and Two ... More >>
