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Commerce Commission - Latest News [Page 147]

TelstraClear pleads guilty to misleading Sky offer

Wednesday, 26 February 2003, 2:14 pm | Commerce Commission

TelstraClear Limited was fined $5,000 plus costs in the North Shore District Court today, having pleaded guilty to misleading its customers as to the nature of a Sky TV promotional offer. More >>

Southern Capital applies to acquire Hirepool

Monday, 24 February 2003, 10:21 am | Commerce Commission

The Commerce Commission has received a clearance application from Southern Capital Limited to acquire 100% of the shares in Hirepool Limited from Owens Group Limited. More >>

Commission clears Burns Philp to acquire Goodman

Friday, 21 February 2003, 2:40 pm | Commerce Commission

The Commerce Commission has cleared Burns Philp & Company Limited to acquire up to 100% of the share capital of Goodman Fielder Limited subject to a divestment of the New Zealand yeast business of New Zealand Food Industries Limited (NZFI). More >>

Extension to Burns Philp clearance application

Thursday, 20 February 2003, 6:10 pm | Commerce Commission

The Commerce Commission and Burns Philp & Company Limited have agreed to a 24 hour extension of time to allow further consideration of Burns Philp’s application under the Commerce Act for clearance to acquire up to 100% of the share capital of ... More >>

Commission clears Wakefield to acquire Bowen Hosp

Wednesday, 19 February 2003, 3:28 pm | Commerce Commission

The Commerce Commission has cleared Wakefield Hospital Limited to acquire all of the issued shares in Bowen Hospital Limited and all of the land and buildings situated at its Churchill Drive site in Wellington. More >>

Kiwibank admits advertising liable to mislead

Thursday, 13 February 2003, 3:50 pm | Commerce Commission

In a settlement with the Commerce Commission, Kiwibank Limited has admitted that an advertising campaign it ran in September and October last year promoting 'cheaper home loans guaranteed' was liable to mislead consumers. More >>

Pyramid scheme to refund members $300,000

Wednesday, 12 February 2003, 5:30 pm | Commerce Commission

The High Court has ordered that money collected from the membership fees of Alpha Club New Zealand Limited be redistributed to some members after deeming the scheme to be pyramid selling in breach of section 24 of the Fair Trading Act. More >>

Process and timing for Pohokura gas authorisation

Wednesday, 12 February 2003, 2:35 pm | Commerce Commission

The Commerce Commission is intending to release its final determination on the application for authorisation regarding the Pohokura Gas field at the end of July. More >>

Gribbles Group cleared to acquire Alpha Scientific

Tuesday, 11 February 2003, 6:12 am | Commerce Commission

The Commerce Commission has cleared Gribbles Group Limited to acquire the business and business assets of Alpha Scientific Limited. More >>

Programme confirmed for telecommunications conf.

Tuesday, 11 February 2003, 6:11 am | Commerce Commission

The Commerce Commission has confirmed its programme for a four day conference on its draft report relating to TelstraClear Limited’s application for a determination to permit the resale of some services offered by Telecom New Zealand Limited. More >>

Commission settlement with British Am Tobacco

Wednesday, 5 February 2003, 1:35 pm | Commerce Commission

The Commerce Commission has settled out of court with British American Tobacco Holdings (New Zealand) Limited (BAT) for alleged breach of the former section 47 of the Commerce Act. The settlement includes divestment of certain international cigarette brands ... More >>

Commission clears Contact Energy Limited

Tuesday, 4 February 2003, 6:49 pm | Commerce Commission

The Commerce Commission has approved an application from Contact Energy Limited (Contact), to acquire 100% of the shares in Stratford Power Limited, a 100% owned subsidiary of Natural Gas Holdings Corporation Limited (NGC), which owns Taranaki Combined Cycle ... More >>

Commission clears Genesis Power Limited

Tuesday, 4 February 2003, 6:48 pm | Commerce Commission

The Commerce Commission has approved an application from Genesis Power Limited (Genesis), to acquire 100% of the shares in Stratford Power Limited, a 100% owned subsidiary of Natural Gas Holdings Corporation Limited (NGC), which owns Taranaki Combined Cycle ... More >>

Commission releases draft decisions on implementat

Saturday, 1 February 2003, 10:25 am | Commerce Commission

The Commerce Commission today released a paper setting out draft decisions on implementation detail for its regulatory regime for electricity lines businesses. More >>

Draft Determinations On Raw Milk Regulations

Friday, 31 January 2003, 9:22 am | Commerce Commission

Fonterra Cooperative Group Ltd today expressed concern at the likely impact on domestic milk market competition if the Commerce Commission's two first draft determinations under the Raw Milk Regulations are accepted. More >>

Dairy Industry Restructuring Act

Thursday, 30 January 2003, 6:08 pm | Commerce Commission

The Commerce Commission today published its draft determination relating to setting the discount rate for calculating Fonterra Co-operative Group Limited’s (Fonterra) annualised share value for the 2001-2002 season. This is a statutory requirement ... More >>

Meridian Energy to reimburse misled customers

Thursday, 30 January 2003, 10:52 am | Commerce Commission

Meridian Energy Limited has admitted breaching the Fair Trading Act in a letter sent to customers notifying them of changes in tariffs, and has agreed, in a settlement with the Commerce Commission, to compensate affected customers. It will also make ... More >>