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Commerce Commission - Latest News [Page 117]
Promoter fined over 'free' flights to Gold Coast
Wednesday, 20 June 2007, 11:30 am | Commerce Commission
A man who promoted 'free' flights deals to businesses has been fined $6,000 on a representative charge of breaching the Fair Trading Act. More >>
Furniture trader fined over 'sale' that wasn't
Tuesday, 19 June 2007, 3:55 pm | Commerce Commission
An Auckland leather furniture company has been fined a total of $36,000 over misleading claims about the 'sale' price of furniture. In the Auckland District Court today, 230 Marua Limited was found guilty on six charges of breaching the Fair Trading Act ... More >>
Next step underway for local loop backhaul
Tuesday, 19 June 2007, 2:29 pm | Commerce Commission
The Commerce Commission today issued notices requiring Telecom to submit standard terms proposals for the two backhaul services necessary to support local loop (LLU) and bitstream access. More >>
Proposals from Telecom for Unbundling, Co-location
Friday, 15 June 2007, 10:14 am | Commerce Commission
The Commerce Commission has received proposals from Telecom covering the non-price terms for the unbundled local loop and co-location regulated services. Submissions on Telecom’s proposals are sought from interested parties. The closing date for ... More >>
Applications from Foodstuffs, Woolworths declined
Friday, 8 June 2007, 10:47 am | Commerce Commission
The Commerce Commission has declined to grant clearance to Foodstuffs and declined to grant clearance to Woolworths Limited for either of them to acquire up to 100% of the shares in The Warehouse Group Limited. More >>
Commission Sticks to Timeframe for Unbundled Loop
Friday, 8 June 2007, 10:33 am | Commerce Commission
The Commerce Commission has reaffirmed its current timetable to develop regulated unbundled local loop and co-location services. On Tuesday (5 June) Telecom requested a delay in the timeframe to provide its first standard terms proposals due on 12 ... More >>
$272,500 for deceptive claims about fertiliser
Friday, 1 June 2007, 1:48 pm | Commerce Commission
A fertiliser sold under the brand name Probitas did not offer the benefits claimed. The company Probitas Ltd has been fined $200,000 and man who sold it $60,000, in the Tauranga District Court for misleading the public. They have also been ordered ... More >>
Windfarm Application
Friday, 1 June 2007, 10:50 am | Commerce Commission
The Commerce Commission has received an application from Vector Limited, seeking exemption from section 17 of the Electricity Industry Reform Act 1998 in relation to its involvement in the proposed development of the Te Rere Hau wind farm situated ... More >>
Court decision promotes competition with Fonterra
Thursday, 31 May 2007, 11:56 am | Commerce Commission
In a decision issued yesterday, the Supreme Court has affirmed the Commerce Commission’s view on the way that Fonterra should calculate the default milk price. The default milk price is the price at which independent dairy processors can require Fonterra ... More >>
Commission declines application by Transpacific
Thursday, 31 May 2007, 9:51 am | Commerce Commission
The Commerce Commission has declined to grant clearance for Transpacific Industries to acquire the South Island assets and businesses of EnviroWaste Services and up to 50% of the shares in Manawatu Waste. More >>
$788,000 refunds over redundancy insurance
Sunday, 27 May 2007, 1:40 pm | Commerce Commission
In an out-of-Court settlement reached with the Commerce Commission, Auckland company Club Finance has agreed to refund $788,000 to borrowers who were required to insure their car loans against the risk of redundancy, despite being unemployed at the time ... More >>
Warehouse acquisition applications: date extension
Friday, 25 May 2007, 9:27 am | Commerce Commission
A further extension has been agreed to the due date for two clearance decisions relating to The Warehouse. The due date for both decisions has been extended to Friday 8 June 2007. On 21 December 2006 the Commission received an application from the three Foodstuffs ... More >>
SkyBiz pyramid scheme victims repaid today
Tuesday, 22 May 2007, 5:32 pm | Commerce Commission
New Zealand victims of a global pyramid scheme are today being sent their compensation from a U.S. $20 million fund set up to compensate victims worldwide. More >>
Exemption granted for Top Energy
Thursday, 17 May 2007, 5:21 pm | Commerce Commission
The Commerce Commission has granted Top Energy Limited a limited exemption under the Electricity Industry Reform Act to expand its geothermal generation plant at Ngawha Springs, Northland. More >>
Kiwibank pleads guilty over credit card fees
Wednesday, 16 May 2007, 2:07 pm | Commerce Commission
Kiwibank has become the fifth major bank to plead guilty to breaching the Fair Trading Act by failing to properly disclose currency conversion fees paid by its MasterCard cardholders. Customers paid fees of 2.6% of the total transaction. More >>
Variation to NZRU salary cap agreed
Friday, 11 May 2007, 5:19 pm | Commerce Commission
The Commerce Commission has authorised the New Zealand Rugby Union to vary the salary cap rules for provincial unions competing in the Air New Zealand Cup. The variation applies only to the 2007 year. More >>
Commission reaches settlement with Unison Networks
Friday, 11 May 2007, 4:12 pm | Commerce Commission
The Commerce Commission has accepted an administrative settlement offer from Unison Networks Ltd. This means the company's distribution services will not be placed under regulatory control. More >>
Carter Holt Harvey cleared to acquire Lakesawn
Wednesday, 9 May 2007, 5:24 pm | Commerce Commission
The Commerce Commission has cleared Carter Holt Harvey Limited to acquire the sawn timber business of Lakesawn Lumber Limited, which is a member of the Pedersen group of companies. More >>
Nelson car dealer fined $15,000 for misleading
Monday, 7 May 2007, 5:16 pm | Commerce Commission
Nelson based The Car Company Limited has been fined $15,000 for five offences under the Fair Trading Act. In the Nelson District Court on Thursday, The Car Company pleaded guilty to not including on-road costs in its advertised prices, misleading a customer ... More >>
Standard terms initiated for local loop
Monday, 30 April 2007, 11:18 am | Commerce Commission
The Commerce Commission has today initiated the processes for determining standard terms of access for the backhaul services supporting Telecom's unbundled copper local loop and bitstream services. More >>
