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Commerce Commission - Latest News [Page 14]
Microsoft Seeks Clearance To Acquire Activision Blizzard
Thursday, 16 June 2022, 6:26 pm | Commerce Commission
The Commerce Commission has received a clearance application in relation to the proposed acquisition by Microsoft Corporation (Microsoft), via a wholly owned subsidiary, of Activision Blizzard Inc (Activision). Both parties are developers, publishers ... More >>
Commission To Issue Statement Of Issues On Mobil Jet Fuel Acquisitions
Wednesday, 15 June 2022, 8:04 pm | Commerce Commission
The Commerce Commission has decided to issue a Statement of Issues relating to applications for clearance from Mobil Oil New Zealand Limited to acquire up to 100% of Z Energy Limited’s ownership interest in two assets used to supply jet fuel at Auckland ... More >>
Statement Of Issues Released For Fletcher Application To Acquire Six Tumu Stores And A Frame And Truss Plant
Friday, 10 June 2022, 3:29 pm | Commerce Commission
The Commerce Commission has published a statement of issues relating to an application from Fletcher Distribution Limited (FDL), (a wholly-owned subsidiary of Fletcher Building Limited), seeking clearance to acquire six building products stores, and ... More >>
Love Streaming? Broadband Report Shows Fibre And HFC Tops For Simultaneous Netflix Streams
Friday, 10 June 2022, 11:04 am | Commerce Commission
The latest quarterly report from the Measuring Broadband New Zealand (MBNZ) programme shows broadband performance is stable across almost all the plans and providers it monitors, with 99% of Fibre 300, Fibre Max and HFC Max plans able to comfortably ... More >>
Real Finance To Pay $1.36m To Borrowers For Unreasonable Fees
Friday, 3 June 2022, 11:00 am | Commerce Commission
Consumer finance company Real Finance Limited has entered into a settlement with the Commerce Commission, after acknowledging that it charged unreasonable fees on its loans and agreeing to compensate borrowers. Real Finance admits entering into ... More >>
New Zealand Broadband More Than A Match In Trans-Tasman Comparison
Wednesday, 1 June 2022, 11:31 am | Commerce Commission
A joint report comparing broadband services between Australia and New Zealand shows the performance of New Zealand Ultra-Fast Broadband compares well to Australia’s National Broadband Network. The report, published by the Commerce Commission and ... More >>
Commission Announces Phased Increase For Gas Pipeline Charges To Maintain Safe And Reliable Supply
Tuesday, 31 May 2022, 9:55 am | Commerce Commission
The need to maintain the safe and reliable supply of natural gas while there is still demand from gas users is behind a phased increase in gas pipeline charges, the Commerce Commission announced today. Under Part 4 of the Commerce Act, the Commission ... More >>
Commission Declines Clearance For Anytime NZ Limited’s Collaborative Activity Clearance Application
Monday, 30 May 2022, 2:47 pm | Commerce Commission
The Commerce Commission has declined to give clearance to Anytime NZ Limited (Anytime NZ) to enter into proposed agreements with its franchisees that would have contained or may have contained cartel provisions. The proposed agreements would have allowed ... More >>
Life Health Foods Cleared To Acquire Chalmers Organics
Friday, 27 May 2022, 2:27 pm | Commerce Commission
The Commerce Commission has granted clearance for Life Health Foods NZ Limited to acquire the business and assets of Chalmers Organics Limited. Life Health Foods and Chalmers Organics both supply a range of vegetarian and plant-based products, including ... More >>
Process For Setting Powerco’s Electricity Revenue To 2025 Gets Underway
Thursday, 26 May 2022, 10:05 am | Commerce Commission
The Commerce Commission is inviting feedback on key issues as part of the first stage in the transition of Powerco Limited (Powerco) from a customised price-quality path (CPP) to the default price-quality path (DPP). A price path sets the maximum ... More >>
Mastercard And Visa Networks Will Be Initial Focus For Commission Under New Act
Wednesday, 18 May 2022, 2:28 pm | Commerce Commission
Under the new Retail Payment Systems Act 2022, the Mastercard and Visa credit and debit card networks will be the initial focus of the Commerce Commission’s work to promote competition and efficiency in the retail payment system. The Act allows ... More >>
Commission Appeals Record $2.25m Fine In Vodafone FibreX Case
Wednesday, 18 May 2022, 9:14 am | Commerce Commission
The Commerce Commission has filed an appeal in the High Court against a record $2.25 million fine imposed on Vodafone NZ Limited (Vodafone) for its offending under the Fair Trading Act during its FibreX advertising campaign. While the sentence imposed ... More >>
Commerce Commission Welcomes New Broadband Marketing Codes
Tuesday, 17 May 2022, 11:22 am | Commerce Commission
The Commerce Commission welcomes new marketing codes for the telecommunications industry that will help consumers make informed choices about the best broadband service for them. The new codes were developed by the New Zealand Telecommunications ... More >>
Statement Of Issues Released For Lineage/CSN Clearance Application
Friday, 13 May 2022, 3:12 pm | Commerce Commission
The Commerce Commission has published a Statement of Issues relating to the clearance application for Lineage Logistics New Zealand to acquire Cold Storage Nelson Limited (the Proposed Acquisition). The Statement of Issues outlines the Commission’s potential ... More >>
Statement Of Preliminary Issues Released For Kinetic / NZ Bus
Friday, 13 May 2022, 2:16 pm | Commerce Commission
The Commerce Commission has published a Statement of Preliminary Issues relating to the clearance application for Kinetic NZ Holdings Ltd (Kinetic) to acquire 100% of the issued share capital of NZB Holdco Limited (NZ Bus) and its subsidiaries. ... More >>
Statement Of Preliminary Issues Released For Latitude / Humm
Friday, 13 May 2022, 11:59 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues regarding the application from Latitude Group Holdings Limited to acquire Humm Group Limited’s consumer finance business. The Statement outlines the key competition issues that ... More >>
Commission Invites Feedback On Its Initial Views Of Wellington Airport’s Pricing Decisions
Friday, 13 May 2022, 9:41 am | Commerce Commission
The Commerce Commission is inviting feedback on its initial views, released today, about Wellington Airport’s pricing decisions for specified airport services, such as aircraft parking or airfield and passenger terminal charges, for the period 1 ... More >>
Statement Of Preliminary Issues For Mobil Applications To Increase Ownership Interest In Jet Fuel Joint Ventures
Thursday, 12 May 2022, 5:41 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to two clearance applications from Mobil Oil New Zealand Limited to acquire up to 100% of Z Energy Limited’s ownership interest in two assets used to supply jet ... More >>
Statement Of Unresolved Issues Released For Life Health Foods / Chalmers
Wednesday, 4 May 2022, 10:12 am | Commerce Commission
The Commerce Commission has published a Statement of Unresolved Issues relating to an application from Life Health Foods NZ Limited seeking clearance to acquire the business and assets of Chalmers Organics Limited. The Statement of Unresolved ... More >>
Commission Clears Zenith Water / Waterlogic Merger Subject To Divestment
Tuesday, 3 May 2022, 1:48 pm | Commerce Commission
The Commerce Commission has given clearance to Osmosis Buyer Limited (Osmosis) to acquire Firewall Holdings S.À R.L (Firewall) as part of a global transaction, subject to an undertaking to divest Firewall’s Merquip business. Osmosis’ New Zealand ... More >>
