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Commerce Commission - Latest News [Page 132]
Final reminder to credit industry
Thursday, 31 March 2005, 3:01 pm | Commerce Commission
The Commerce Commission is reminding credit providers that they must be up with the play, when new credit law comes into full force tomorrow. More >>
Electricity Lines Businesses
Thursday, 24 March 2005, 1:47 pm | Commerce Commission
The High Court in Wellington yesterday dismissed claims from four electricity distribution businesses that the Commerce Commission’s consultation process for setting the thresholds was flawed and the threshold decisions were unreasonable. The Commission set thresholds ... More >>
James Peters applies for exemption under EIR Act
Thursday, 24 March 2005, 1:07 pm | Commerce Commission
The Commerce Commission has received an application from James Peters and the Peters group of companies for an exemption under the Electricity Industry Reform Act 1998 (EIR Act) in relation to the proposed acquisition by one of those companies of part ... More >>
Rubbish bin recommended for chain letter
Thursday, 24 March 2005, 9:23 am | Commerce Commission
The Commerce Commission warns the public to ignore and bin a chain letter currently circulating in New Zealand, apparently initiated by Perth-man David Rhodes. More >>
Changes to credit legislation
Tuesday, 22 March 2005, 3:57 pm | Commerce Commission
New Zealand is about to see major changes in how New Zealanders borrow and lend money, with this area of legislation being enforced by a regulatory body for the first time. From April 1, the Credit Contracts and Consumer Finance Act will be in full force. More >>
Souvenir company and director fined
Friday, 18 March 2005, 5:28 pm | Commerce Commission
‘Tomorrow Dream Line Limited’ and its former director Sang Rae Kim were sentenced and fined $35,000 in the Auckland District Court today for breaching the Fair Trading Act by making false representations about the ‘Unique Manuka Factor’ (UMF) in honey ... More >>
Key performance information of 29 lines businesses
Thursday, 17 March 2005, 4:54 pm | Commerce Commission
The Commerce Commission has today released the data disclosed by the 28 electricity distribution businesses and Transpower in accordance with the Commission’s Electricity Information Disclosure Requirements 2004 established under Part 4A of the Commerce ... More >>
Boyd applies for exemption under EIR Act
Tuesday, 15 March 2005, 4:51 pm | Commerce Commission
The Commerce Commission has received an application from Wayne Boyd for an exemption under the Electricity Industry Reform Act 1998 (EIR Act) in relation to his proposed appointment as a director of Meridian Energy Limited (Meridian). More >>
Disclosure and Asset Valuation Choice Conference
Tuesday, 15 March 2005, 10:25 am | Commerce Commission
The Commerce Commission will hold a three-day conference starting this week in relation to the review of the information disclosure regime and draft decisions on implementing valuation choice for system fixed assets of electricity lines businesses. The review ... More >>
Tony’s Vineyard fined $3,000
Thursday, 24 February 2005, 11:12 am | Commerce Commission
Waitakere based Tony’s Vineyard Restaurant has been fined $3,000 plus $260 court costs in the Waitakere District Court after pleading guilty to breaching the Fair Trading Act in relation to website promotion of its menu and prices. More >>
Commission declines Gallagher acquisition
Wednesday, 23 February 2005, 4:21 pm | Commerce Commission
The Commerce Commission has declined Gallagher Holdings Limited’s clearance application to acquire up to 100 percent of the shares of Tru-Test Corporation Limited. More >>
Commission Moves To Revoke Pohokura Authorisation
Wednesday, 23 February 2005, 3:17 pm | Commerce Commission
The Commerce Commission’s preliminary view is that it should revoke its authorisation of an otherwise anti-competitive arrangement to jointly market and sell gas produced from the Pohokura field in Taranaki. More >>
Telecom convicted for failure to disclose costs
Wednesday, 23 February 2005, 8:32 am | Commerce Commission
Failing to disclose a 12 cents per minute charge for calls made to an 08322 information line has cost Telecom New Zealand Limited more than $5,500 and a conviction under the Fair Trading Act. More >>
Mobile Termination conference
Tuesday, 22 February 2005, 2:54 pm | Commerce Commission
The Commerce Commission will hold a three day conference from tomorrow on its draft determination on mobile termination rates. The Commission found in the draft that a regulated reduction in wholesale mobile termination rates was likely to lead to ... More >>
Internet Sweep: Spams, Scams and Scams by Spam
Monday, 21 February 2005, 11:59 am | Commerce Commission
Scams circulated by spam are the focus of a two day Commerce Commission internet sweep commencing today. The sweep contributes to a month-long international crackdown on spam by more than 20 enforcement agencies, organised by the International Consumer ... More >>
Southern Cross to acquire Auckland Surgical Centre
Thursday, 17 February 2005, 5:14 pm | Commerce Commission
The Commerce Commission has cleared Southern Cross Health Trust or its interconnected body corporate (the Trust) to acquire the assets of Auckland Surgical Centre Limited (ASC). More >>
Comply with information powers
Wednesday, 16 February 2005, 2:16 pm | Commerce Commission
Commerce Commission Chair Paula Rebstock reinforced the Commission’s strong stance on compliance with its information requisitioning powers in front of a chief executives forum in Wellington today with the announcement that the Commission is prosecuting ... More >>
Shackel Motor Co acknowledges misleading consumers
Wednesday, 16 February 2005, 10:52 am | Commerce Commission
Second hand car dealer K2 Motor Company, trading as Shackel Motor Company, acknowledges it made misleading representations about the price of vehicles offered for sale at its two Wellington car sale yards, and that it made misleading representations about ... More >>
Bicycle labelling breach
Wednesday, 9 February 2005, 11:14 am | Commerce Commission
An admission by Progressive Enterprises Limited that it breached the Fair Trading Act by selling partially assembled bicycles without the safety warnings and assembly instructions sends a warning to all retailers, the Commerce Commission Director of ... More >>
Telecommunications Act: Broadband monitoring
Friday, 4 February 2005, 5:08 pm | Commerce Commission
The Commerce Commission has completed its monitoring, for the quarter ending December 31st 2004, of uptake of residential broadband services provided or supported by Telecom New Zealand Limited More >>
