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Commerce Commission - Latest News [Page 18]
Big Spread In Pump Prices Shows Value Of Shopping Around For Fuel
Thursday, 25 May 2023, 9:20 am | Commerce Commission
The Commerce Commission’s latest Quarterly Fuel Monitoring Report shows a big spread of prices at the pump – with Regular 91 in Auckland varying by 38 cents – highlighting the value of shopping around. The difference in prices between the ... More >>
Mercury Fined For Misleading Its Customers Over Early Termination Fee
Thursday, 25 May 2023, 7:44 am | Commerce Commission
One of New Zealand’s largest electricity retailers, Mercury NZ Limited (Mercury), has been fined $279,500 for communicating to approximately 2,000 customers that they were required to pay an early termination fee when they were not, breaching the Fair ... More >>
Volution Group Seeks Clearance To Acquire Proven Systems
Monday, 22 May 2023, 4:01 pm | Commerce Commission
The Commerce Commission has received a clearance application from Volution Group plc to acquire 100% of the business and assets of Proven Systems Limited. The parties overlap in the supply of home ventilation systems. Home ventilation systems reduce ... More >>
TAB Seeks Variation To Authorisation Of Its Arrangements With Tabcorp To Reflect Partnership Agreement With Entain
Wednesday, 17 May 2023, 7:32 pm | Commerce Commission
The Commerce Commission (Commission) has received a request from TAB New Zealand (TAB) seeking to vary the authorisation granted by the Commission to certain arrangements between the New Zealand Racing Board (now called TAB) and Tabcorp Wagering Manager ... More >>
Inghams Seeks Clearance To Acquire Certain Assets From Bromley Park Hatcheries
Tuesday, 16 May 2023, 2:20 pm | Commerce Commission
The Commerce Commission has received a clearance application from Inghams Enterprises (NZ) Pty Limited (Inghams) to acquire the assets of the Cobb Commercial and Riverland businesses of Bromley Park Hatcheries Limited. Inghams is part of Inghams Group Limited, ... More >>
Vector Penalised $1.1 Million For Excessive Level Of Power Outages
Wednesday, 10 May 2023, 9:55 am | Commerce Commission
Commerce Commission action against Auckland electricity lines company Vector has resulted in the Auckland High Court imposing a penalty of $1,158,400 for breaches of network quality standards – relating to excessive power outages from 2017 to ... More >>
Commission Grants Clearance For Passive Mobile Tower Assets Deal
Friday, 5 May 2023, 10:03 am | Commerce Commission
The Commerce Commission has granted clearance for Connexa Limited (Connexa) to acquire certain passive mobile telecommunications infrastructure assets from Two Degrees Networks Limited and Two Degrees Mobile Limited (2degrees). The proposed acquisition ... More >>
Statement Of Preliminary Issues Released For Henkel’s Proposed Acquisition Of The Earthwise Brand And Business
Thursday, 4 May 2023, 5:56 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Henkel New Zealand Limited seeking clearance to acquire the Earthwise brand and business from Earthwise Group Limited. The statement outlines ... More >>
Statement Of Preliminary Issues Released For Reward’s Proposed Acquisition Of Southern Hospitality
Tuesday, 2 May 2023, 7:32 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Reward Supply Co Pty Limited seeking clearance to acquire 100% of the shares of Southern Hospitality Limited. The statement outlines the key ... More >>
Commission’s Test Results Show Potential Of Satellite Broadband For Rural New Zealand
Tuesday, 2 May 2023, 9:36 am | Commerce Commission
The Commerce Commission’s latest Measuring Broadband New Zealand report shows the potential of low Earth orbit satellite (LEO) broadband internet as an option for the 13% of Kiwis who are not able to access fibre. This report is the first in ... More >>
Woolworths cleared to acquire PETstock
Friday, 28 April 2023, 6:28 pm | Commerce Commission
The Commerce Commission has granted clearance for Woolworths Group Limited to acquire 55% of the shares in PETstock Pty Ltd. In reaching its decision, the Commission considered the potential impact of the proposed acquisition on competition in the markets for ... More >>
Bachcare Court Action Highlights Need For Holidaymakers To Read Ts & Cs
Monday, 17 April 2023, 1:22 pm | Commerce Commission
The Commerce Commission has filed civil proceedings under the Fair Trading Act against Bachcare Limited (Bachcare), alleging that a number of its contract terms are unfair and liable to cause financial detriment to Kiwis and other tourists booking holiday ... More >>
Henkel Seeks Clearance To Acquire The Earthwise Brand And Business
Thursday, 13 April 2023, 2:51 pm | Commerce Commission
The Commerce Commission has received a clearance application from Henkel New Zealand Limited (Henkel) to acquire the Earthwise brand and business from Earthwise Group Limited (Earthwise Group). Henkel is a multinational chemical and consumer goods ... More >>
Commerce Commission Publishes Guidelines On The Application Of Competition Law To Intellectual Property Rights
Thursday, 6 April 2023, 1:15 pm | Commerce Commission
The Commerce Commission has published Guidelines on the Application of Competition Law to Intellectual Property Rights (Guidelines) to help businesses understand how competition law applies to the exercise of intellectual property rights. The Commerce ... More >>
Reward Seeks Clearance To Acquire Southern Hospitality
Wednesday, 5 April 2023, 4:23 pm | Commerce Commission
The Commerce Commission has received a clearance application from Reward Supply Co Pty Limited (Reward) to acquire 100% of the shares in Southern Hospitality Limited (Southern Hospitality). Reward is an Australian company that supplies food service ... More >>
Sika Cleared To Acquire MBCC Group Subject To Divestment
Tuesday, 4 April 2023, 1:54 pm | Commerce Commission
The Commerce Commission has granted clearance for Sika AG to acquire the MBCC Group subject to divesting certain assets of MBCC, including the entirety of MBCC’s business in New Zealand (Divestment Undertaking). Both parties manufacture chemical admixtures, ... More >>
New Market Power Law Will Help Stamp Out Anti-competitive Behaviour
Wednesday, 29 March 2023, 2:46 pm | Commerce Commission
Commerce Commission issues guidelines to help businesses understand new market power test The Commerce Commission today published its Misuse of market power guidelines , ahead of a law change that will make it easier to take action against businesses ... More >>
Statement Of Issues Released For Connexa / 2degrees Passive Mobile Tower Assets
Tuesday, 28 March 2023, 7:21 pm | Commerce Commission
The Commerce Commission has published a statement of issues relating to an application from Connexa Limited (Connexa) to acquire certain passive mobile telecommunications infrastructure assets from Two Degrees Networks Limited and Two Degrees Mobile Limited ... More >>
Guidance For Businesses Collaborating In Response To An Emergency
Wednesday, 22 March 2023, 4:00 pm | Commerce Commission
The Commerce Commission has today issued new guidance to help businesses understand how and when they can collaborate in response to an emergency – such as working together in regions impacted by Cyclone Gabrielle. “It’s been devastating to ... More >>
Anti-competitive Land Covenants May Be Limiting Competition, Commission Says
Wednesday, 15 March 2023, 10:49 am | Commerce Commission
The Commerce Commission has today issued guidance around anti-competitive land covenants, which may be limiting competition across many sectors of the New Zealand economy. The Anti-competitive land covenants Fact Sheet published today outlines the Commission’s ... More >>
