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Commerce Commission - Latest News [Page 117]
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 >>
Warehouse acquisition clearance: date extension
Friday, 27 April 2007, 11:01 am | Commerce Commission
A further extension has been agreed to the due date for two clearance decisions relating to The Warehouse. More >>
Fine for "Made in NZ" Commonwealth Games Uniforms
Monday, 23 April 2007, 10:45 am | Commerce Commission
Sports Resources Ltd was fined $23,750 in the Auckland District Court today after pleading guilty to two charges of breaching the Fair Trading Act. Company Director Anthony Botica was also convicted and discharged. Mr Botica instructed his staff ... More >>
Settlement reached over dinner deal at Hermitage
Wednesday, 18 April 2007, 12:08 am | Commerce Commission
The Commerce Commission has reached a settlement with Aoraki Mount Cook Alpine Village Ltd, which owns the Hermitage Hotel at Mount Cook. Under the settlement, the company admitted to breaching the Commerce Act by tying the purchase of hotel accommodation ... More >>
Report on telecommunications markets
Monday, 16 April 2007, 2:43 pm | Commerce Commission
The Commission has published its first regular monitoring report on telecommunications markets in New Zealand. Recent amendments to the Telecommunications Act have explicitly empowered the Commerce Commission to monitor the performance of telecommunications ... More >>
Next step for local loop co-location access
Monday, 16 April 2007, 11:06 am | Commerce Commission
The Commerce Commission today issued a notice requiring Telecom to submit a standard terms proposal for the unbundled copper local loop (LLU) co-location service. The notice requires Telecom to specify the non-price terms and conditions on which it ... More >>
CHH executive fined over false timber labelling
Friday, 6 April 2007, 2:55 pm | Commerce Commission
Retired Carter Holt Harvey executive Maurice Reid has been fined $20,000 for breaching the Fair Trading Act in the Auckland District Court today. More >>
Next step for bitstream and local loop access
Thursday, 5 April 2007, 9:54 am | Commerce Commission
The Commerce Commission today issued notices requiring Telecom to submit standard terms proposals for the unbundled local loop and bitstream access services. The notices require Telecom to specify the non-price terms and conditions on which it proposes ... More >>
Commerce Act / Telecomms Act discussion paper
Monday, 2 April 2007, 5:25 pm | Commerce Commission
The Commerce Commission has released for comment a discussion paper giving its preliminary view on the interrelationship between Part 2 of the Commerce Act and the Telecommunications Act. More >>
Warehouse acquisition applicationns: extension
Wednesday, 28 March 2007, 5:13 pm | 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 27 April 2007. More >>
