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Commerce Commission - Latest News [Page 16]
Fletcher Seeks Clearance To Acquire Tumu ITM
Tuesday, 22 March 2022, 7:50 pm | Commerce Commission
The Commerce Commission has received a clearance application in relation to a proposed acquisition by Fletcher Distribution Limited (FDL) to acquire the six ITM stores, and a frame and truss manufacturing plant from Tumu Merchants Limited (Tumu). The ... More >>
Businesses Warned About The Consequences Of Cartels
Monday, 21 March 2022, 10:37 am | Commerce Commission
Businesses are being reminded that agreements they reach with their competitors can result in imprisonment, in the latest education campaign from the Commerce Commission. The ‘Scene of a Crime’ campaign shows examples of situations where competitors ... More >>
New Zealanders Are Switched On When It Comes To Telecommunications
Thursday, 17 March 2022, 9:23 am | Commerce Commission
New Zealanders know what they like when it comes to telecommunications, and they like new technology, and the ability to use it flexibly. “Kiwis are enthusiastic adopters of telecommunications technology,” said Telecommunications Commissioner ... More >>
Commission Grants Clearance For Ampol To Acquire Z Subject To Divestment Of Gull
Wednesday, 16 March 2022, 8:02 pm | Commerce Commission
The Commerce Commission has granted clearance for Ampol Limited to acquire 100% of the shares in Z Energy Limited. The clearance is subject to an undertaking from Ampol to sell Gull (Divestment Undertaking). “The Commission is satisfied that, ... More >>
Commission Grants Clearance For Vocus/2degrees Merger
Tuesday, 15 March 2022, 10:05 am | Commerce Commission
The Commerce Commission has granted clearance to a transaction that would see the merger of the Vocus Group with 2degrees. In reaching its decision, the Commission considered the potential impact of the proposed merger on competition in retail and ... More >>
Statement Of Issues Released For Proposed THL/Apollo Merger
Friday, 11 March 2022, 8:45 am | Commerce Commission
The Commerce Commission has published a statement of issues relating to an application from THL Group (Australia) Pty Ltd, a subsidiary of Tourism Holdings Limited, seeking clearance to acquire 100% of the shares in Apollo Tourism & Leisure Ltd. ... More >>
Transpower Issued With Compliance Advice Following Commission Investigation
Thursday, 10 March 2022, 9:39 am | Commerce Commission
The Commerce Commission has issued Transpower New Zealand Limited (Transpower) with a compliance advice letter after an investigation into its contraventions of quality standards for the 2018, 2019 and 2020 years. The quality standards are set under ... More >>
Statement Of Unresolved Issues Released For Proposed Acquisition Of Jurox By Zoetis
Wednesday, 9 March 2022, 2:32 pm | Commerce Commission
The Commerce Commission has published a Statement of Unresolved Issues relating to the application from Zoetis Inc. seeking clearance to acquire Betrola Pty Limited. Betrola owns the Jurox group of companies. The Statement of Unresolved Issues outlines ... More >>
Revenue Increase Granted For Electricity Lines Company Unison
Wednesday, 9 March 2022, 8:42 am | Commerce Commission
Unison Network Limited is set for an increase in its revenue limit to cover the $7.3 million cost of connecting its local electricity network to Contact Energy Limited’s Tauhara geothermal plant, after the project was found to meet criteria established ... More >>
Grocery Market Study Recommends Changes To Improve Competition And Benefit Consumers
Tuesday, 8 March 2022, 9:06 am | Commerce Commission
The Commerce Commission’s final report from its study into the retail grocery sector has recommended a suite of changes to increase competition and help improve the price, quality and range of groceries and services available to New Zealanders. ... More >>
Clearance Sought For Zenith Water / Waterlogic Merger
Wednesday, 2 March 2022, 4:39 pm | Commerce Commission
The Commerce Commission has received a clearance application from Osmosis Buyer Limited (Osmosis) to acquire Firewall Holdings S.À R.L (Firewall) as part of a global transaction. Osmosis’ New Zealand subsidiary, Zenith Heaters Limited (trading as ... More >>
Ampol/Z - Ampol Varies Clearance Application
Monday, 28 February 2022, 8:55 pm | Commerce Commission
Ampol has advised the Commerce Commission that it is varying the basis on which it seeks clearance for the acquisition of Z Energy. On 2 November 2021, Ampol sought clearance to acquire Z Energy subject to the divestment of Gull New Zealand Limited, ... More >>
Commission Seeks Feedback On Improving The Broadband Performance Programme
Wednesday, 23 February 2022, 10:14 am | Commerce Commission
The Commerce Commission is inviting feedback on enhancements to its Measuring Broadband New Zealand (MBNZ) programme. Telecommunications Commissioner Tristan Gilbertson said that, since it was launched in 2018, the current MBNZ programme has given consumers ... More >>
Commission Starts Review Of Regulatory Rules For Energy Networks And Airports
Wednesday, 23 February 2022, 9:56 am | Commerce Commission
The Commerce Commission has today published a notice of intention to start a review of the rules and processes that underpin its regulation of the energy and airports sectors under Part 4 of the Commerce Act. These input methodologies must be reviewed ... More >>
Competition Agencies Working Together To Identify Potential Cartel Conduct In Global Supply Chains
Friday, 18 February 2022, 9:33 am | Commerce Commission
The Commerce Commission has joined with international counterparts in a working group focussing on identification of potential cartel conduct in global supply chains. The working group includes the Australian Competition and Consumer Commission, Canadian ... More >>
TV Shop Fined For Extended Warranties Disclosure Failures
Tuesday, 15 February 2022, 10:04 am | Commerce Commission
Brand Developers Limited, trading as The TV Shop, has been fined $123,500 in the North Shore District Court following a Commerce Commission investigation into its sale of extended warranties. The company pleaded guilty after it failed to comply ... More >>
Statement Of Preliminary Issues Released For EBOS / LifeHealthcare
Monday, 14 February 2022, 8:13 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues regarding the application from EBOS Medical Devices Australia Pty Limited to acquire the New Zealand LifeHealthcare business. The Statement outlines the key competition issues ... More >>
Petrol Stations Must Display Standard Prices Of All Engine Fuels Under New Rules
Friday, 11 February 2022, 11:09 am | Commerce Commission
New rules taking effect today will make fuel pricing more transparent for motorists, and enable the Commerce Commission to monitor and report on the competitive performance of fuel markets. Under the Fuel Industry Act 2020, petrol stations will be required ... More >>
Commission Proposes Changes For Gas Networks In Response To Expected Long-term Decline In Gas Use
Thursday, 10 February 2022, 9:38 am | Commerce Commission
The Commerce Commission is seeking views on its draft decision on the revenues that the country’s four gas pipeline businesses will be able to earn over the next four years and the quality standards they must meet. Under Part 4 of the Commerce Act, ... More >>
Country Of Origin Information Soon To Be Mandatory For Fresh And Thawed Foods
Wednesday, 9 February 2022, 11:11 am | Commerce Commission
New regulations taking effect this weekend will give consumers more information about where their food comes from. From 12 February 2022, businesses must comply with the new Consumer Information Standards (Origin of Food) Regulations that apply ... More >>
