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Commerce Commission - Latest News [Page 121]
NZBL to pay $1.1m for Mana Coach share acquisition
Tuesday, 3 October 2006, 9:38 am | Commerce Commission
New Zealand Bus Limited has been fined $500,000 and been ordered to pay around $600,000 in costs to the Commerce Commission after it breached section 47 of the Commerce Act when it acquired shares in Mana Coach Services. More >>
Westpac to pay $5.1 million over credit card fees
Friday, 29 September 2006, 5:12 pm | Commerce Commission
Westpac has become the fourth major bank to plead guilty to breaching the Fair Trading Act by failing to properly disclose fees charged for overseas currency transactions on its credit and debit cards. The company pleaded guilty to 19 charges of breaching ... More >>
Final Determination for proposed Vodafone service
Thursday, 28 September 2006, 10:11 am | Commerce Commission
The Commerce Commission has issued a Final Determination for Vodafone’s application for an access determination under the Telecommunications Act 2001. This service will provide interconnection of local calls between Telecom’s fixed network and Vodafone’s ... More >>
Unison to rebalance power prices
Wednesday, 27 September 2006, 5:15 pm | Commerce Commission
Unison Networks will voluntarily reduce its average prices from 1 December this year and will comply with the Commerce Commission's price path threshold for the remainder of the current five-year regulatory period. More >>
Commission reports on Telecom service obligations
Tuesday, 26 September 2006, 10:33 am | Commerce Commission
The Commission has advised the Minister of Communications that Telecom has complied with all of the service quality measures in the TSO instrument for the 2005/06 financial year. More >>
Commission reports on Sprint service compliance
Tuesday, 26 September 2006, 10:31 am | Commerce Commission
The Commerce Commission has reported to the Minister of Communications on Sprint International New Zealand Limited’s performance in complying with the TSO Deed for Telecommunications Relay Services (TRS) for meeting the telephone communication ... More >>
Solid Energy bid to acquire Newvale Coal
Friday, 22 September 2006, 11:16 am | Commerce Commission
The Commission has received an application from Solid Energy New Zealand Limited seeking clearance to acquire the entire share capital in Newvale Coal Co Limited. More >>
Panel appointed on estimating cost of capital
Monday, 18 September 2006, 12:46 am | Commerce Commission
The Commerce Commission has named a panel of experts who will advise the Commission on its draft guidelines on estimating the cost of capital. More >>
Distributor warned about anti-competitive conduct
Monday, 11 September 2006, 12:12 am | Commerce Commission
The Commerce Commission has warned Digitalblue Ltd that it risked breaching the Commerce Act when it told Dick Smith Electronics not to advertise an iPod accessory below a certain price. More >>
Toll Owens applies for clearance
Friday, 8 September 2006, 5:11 pm | Commerce Commission
The Commerce Commission has received an application from Toll Owens Limited seeking clearance to acquire the log marshalling assets of John Ray Limited More >>
Timaru car dealer fined $8,000 over damaged BMW
Monday, 4 September 2006, 3:23 pm | Commerce Commission
Timaru car dealer Lincoln Darren, of Mike Darren Motors, has pleaded guilty to breaching the Fair Trading Act and been fined $8,000 in the Timaru District Court. The Court found that Mr Darren sold a BMW318i as undamaged, despite knowing the car was damaged ... More >>
Global Forest Partners LP applies for clearance
Monday, 4 September 2006, 3:07 pm | Commerce Commission
The Commerce Commission has received an application from CRBF, a timber investment fund, and its advisers GFP, seeking clearance to acquire the shares and/or assets of a number of Carter Holt Harvey Limited subsidiaries that hold forestry assets. More >>
Interference to Broadband Services - Feedback
Friday, 1 September 2006, 11:21 am | Commerce Commission
In June 2006, the Commission released a final determination under the Telecommunications Act, providing ihug and CallPlus with regulated access to an unconstrained wholesale bitstream service to be supplied by Telecom. More >>
IAG fined $127,000 over State windscreen repairs
Thursday, 31 August 2006, 4:37 pm | Commerce Commission
IAG, the largest motor vehicle insurer in New Zealand and the parent company of State Insurance and NZI, has pleaded guilty to 30 breaches of the Fair Trading Act and has been fined $127,000 in the District Court in Auckland. More >>
Godfrey Hirst cleared to acquire Feltex
Thursday, 31 August 2006, 11:10 am | Commerce Commission
The Commerce Commission has cleared Godfrey Hirst NZ Limited (Godfrey Hirst) to acquire some or all of the assets of Feltex Carpets Limited (Feltex). More >>
Car dealer fined for "free" flight promotion
Tuesday, 29 August 2006, 4:02 pm | Commerce Commission
An Auckland car dealer who offered customers a “free” flight to the Gold Coast if they bought a car has pleaded guilty of breaching the Fair Trading Act. The Commerce Commission is also prosecuting the promoter of the flights, which have been offered ... More >>
Extension of regulated telecommunications services
Tuesday, 29 August 2006, 10:26 am | Commerce Commission
The Commission today released its final report on whether regulation of ten telecommunications services should be extended for two years. More >>
Verticon applies for clearance
Friday, 25 August 2006, 3:20 pm | Commerce Commission
The Commerce Commission has received an application from Verticon Group Limited (Verticon) seeking clearance to acquire the assets and business of Boyd Crane Hire Limited. More >>
Executive fined for obstructing investigation
Thursday, 24 August 2006, 4:01 pm | Commerce Commission
Wood preservative chemicals company Osmose New Zealand and former Osmose Group General Manager Mark Greenacre have been fined for obstructing a Commerce Commission investigation. More >>
Lion Nathan cleared to acquire Independent Liquor
Thursday, 24 August 2006, 10:11 am | Commerce Commission
The Commerce Commission has cleared Lion Nathan Limited to acquire up to 100% of the shares and/or assets of Independent Liquor (NZ) Limited. More >>
