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Commerce Commission - Latest News [Page 121]
Carter Holt Harvey fined $900,000 for labelling
Thursday, 12 October 2006, 10:14 am | Commerce Commission
In a case the Commission considers one of its most serious prosecutions to date, Carter Holt Harvey has pleaded guilty to breaching the Fair Trading Act by selling timber that did not meet the grade claimed on packaging. More >>
Record settlement returns $3.3 million
Thursday, 12 October 2006, 9:55 am | Commerce Commission
An out-of-court settlement reached by the Commerce Commission and Telecom will return around $3.3 million to customers after a billing fault saw them charged twice. More >>
Commission approves TCF Draft Code
Thursday, 12 October 2006, 9:39 am | Commerce Commission
The Commerce Commission has completed its consideration of the Telecommunications Carriers' Forum (TCF) code for the transfer of telecommunications services, known as the Customer Transfer Code. More >>
Toll Owens cleared to acquire marshalling assets
Wednesday, 11 October 2006, 5:38 pm | Commerce Commission
The Commerce Commission has cleared Toll Owens Limited (Toll Owens) to acquire the log marshalling assets of John Ray Limited (John Ray). More >>
Qantas fined $380,000 over misleading adverts
Tuesday, 10 October 2006, 5:30 pm | Commerce Commission
Qantas has pleaded guilty to 122 charges of breaching the Fair Trading Act and been ordered to pay $380,000 in fines and $15,860 in costs in the Auckland District Court. More >>
Commerce Commission to investigate mobile market
Tuesday, 10 October 2006, 10:40 am | Commerce Commission
The Commerce Commission announced today that it has considered barriers to entry to the cellular mobile services market and will be investigating possible changes to the regulatory framework. More >>
Osmose fined $1.8 million
Friday, 6 October 2006, 4:37 pm | Commerce Commission
Osmose New Zealand, Osmose Australia and two Australian-based executives have been fined for participating in a cartel in New Zealand's wood preservative chemicals industry. More >>
CRBF Cleared To Acquire CHH Assets
Thursday, 5 October 2006, 4:53 pm | Commerce Commission
The Commission has cleared CRBF Limited to acquire the shares and/or assets of a number of Carter Holt Harvey Limited (CHH) subsidiaries that hold forestry assets. The clearance is subject to More >>
Johnson & Johnson applies to acquire Pfizer Inc
Thursday, 5 October 2006, 4:22 pm | Commerce Commission
The Commission has received an application from Johnson & Johnson (J&J) to acquire the stock, assets and business of the Consumer Healthcare division of Pfizer Inc. This is a global acquisition. In New Zealand both parties supply a broad range ... More >>
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 >>
