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Commerce Commission - Latest News [Page 19]
Statement Of Preliminary Issues Released For Proposed Acquisition Of Jurox By Zoetis
Friday, 12 November 2021, 1:54 pm | Commerce Commission
The Commerce Commission has published a Statement of Preliminary Issues relating to the clearance application from Zoetis Inc. seeking clearance to acquire Betrola Pty Limited. Betrola owns the Jurox group of companies. The Statement outlines the ... More >>
Commission Recommends Improvements To Telco Dispute Resolution Scheme
Thursday, 11 November 2021, 8:34 am | Commerce Commission
The Commerce Commission has issued a final report recommending a range of improvements to the Telecommunications Dispute Resolution Scheme (TDRS) so that it delivers better outcomes for consumers and the industry. The service was created more than a decade ... More >>
Commission Releases Report On Motor Vehicle Financing And Add-on Products
Wednesday, 10 November 2021, 9:17 am | Commerce Commission
Today the Commerce Commission has released a report following its review of motor vehicle financing and related add-on products. The Commission looked at add-on products sold alongside motor vehicles that were bought on finance. The add-ons were paid ... More >>
Commission Seeks Feedback On Draft Telecommunications Development Levy Allocation
Tuesday, 9 November 2021, 8:36 am | Commerce Commission
The Commerce Commission has today released its draft decision on the allocation of payments for the Government’s $10 million Telecommunications Development Levy (TDL) for 2020/21 among providers of telecommunications services. The TDL is paid ... More >>
Commission Directs Telco Industry To Create Marketing Code To Reduce Consumer Confusion
Monday, 8 November 2021, 9:21 am | Commerce Commission
The Commerce Commission has instructed the telecommunications industry to develop a marketing code that ensures consumers receive all the information they need from telco providers to make informed choices about the technology options and plans that ... More >>
Commission Clears Allied Foods To Buy Dad’s Pies
Wednesday, 3 November 2021, 3:21 pm | Commerce Commission
The Commerce Commission has granted clearance to Allied Foods (N.Z.) Limited (Allied Foods) acquiring all of the shares of Dad’s Pies Limited (DPL). Both Allied Foods (though its subsidiary George Weston Foods (NZ) Limited (GWF)) and DPL manufacture ... More >>
Ampol Seeks Clearance To Acquire Z
Tuesday, 2 November 2021, 7:31 pm | Commerce Commission
The Commerce Commission has received a clearance application from Ampol Limited (Ampol) seeking clearance to acquire 100% of the shares in Z Energy Limited (Z). As part of the application, Ampol has offered an undertaking to sell its Gull business, ... More >>
Zoetis Seeks Clearance To Acquire Animal Healthcare Rival Jurox
Friday, 29 October 2021, 3:09 pm | Commerce Commission
The Commerce Commission has received a clearance application from Zoetis Inc. (Zoetis) seeking clearance to acquire Betrola Pty Limited, which owns the Jurox group of companies (Jurox). Zoetis is a global animal healthcare company that develops, manufactures ... More >>
Wellington Electricity Issued With Compliance Advice Following Investigation
Tuesday, 26 October 2021, 9:20 am | Commerce Commission
The Commerce Commission has issued Wellington Electricity Lines Limited with a compliance advice letter after an investigation into outages on its power lines network in 2017 and 2018 found they were mostly caused by matters out of the company’s control. ... More >>
Statement Of Issues Released For EROAD/Coretex Clearance Application
Friday, 22 October 2021, 7:18 pm | Commerce Commission
The Commerce Commission has published a Statement of Issues relating to an application from EROAD Limited (EROAD) for clearance to acquire all the shares in Coretex Limited (Coretex) (the Proposed Acquisition). The Statement of Issues outlines the Commission’s ... More >>
Commission Welcomes High Court Judgment Clarifying Who Pays Telecommunications Levy
Wednesday, 20 October 2021, 12:06 pm | Commerce Commission
The Commerce Commission welcomes a High Court judgment issued at the end of last week clarifying whether businesses involved in the transmission of broadcasting signals should be required to contribute to the Telecommunications Development Levy (TDL). ... More >>
Statement Of Preliminary Issues Released For Allied Foods / Dad’s Pies Clearance Application
Wednesday, 20 October 2021, 11:11 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Allied Foods (N.Z.) Limited (Allied) to acquire 100% of the shares of Dad’s Pies Limited (DPL). This statement outlines the key competition ... More >>
Commission Continues Dialogue With Energy And Airports Sectors On Regulatory Priorities
Wednesday, 20 October 2021, 9:12 am | Commerce Commission
The Commerce Commission has published an overview of submissions from the energy and airport sectors on how it should organise its regulatory work programme to take account of emerging issues like New Zealand’s transition to a low-carbon economy ... More >>
Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys
Monday, 18 October 2021, 10:06 am | Commerce Commission
A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 ... More >>
Commission Releases Draft Report On Fonterra's 2021/22 Milk Price Manual
Friday, 15 October 2021, 8:24 am | Commerce Commission
Today, the Commerce Commission invited submissions on the draft report on its annual review of Fonterra’s Base Milk Price Manual for the 2021/22 dairy season. The Manual describes the methodology used by Fonterra to calculate its base milk price – the ... More >>
Commission Requires Eastland Network Limited To Repay Consumers $355,000
Wednesday, 13 October 2021, 8:38 am | Commerce Commission
The Commerce Commission has accepted enforceable undertakings from electricity lines company Eastland Network Limited (Eastland) for overcharging its customers $327,000 in the 2020 assessment period. The undertakings require Eastland to repay consumers ... More >>
Statement Of Preliminary Issues Released For Proposed Acquisition In Wellington Private Hospitals
Tuesday, 12 October 2021, 12:37 pm | Commerce Commission
The Commerce Commission has published a Statement of Preliminary Issues relating to an application from Pacific 2021 Bidco NZ Limited (Pacific 2021) seeking clearance to acquire 100% of the shares in Pulse Health NZ Limited (Pulse) from Healthe Care ... More >>
Statement Of Preliminary Issues Released For Tegel Growers Association’s Application Seeking Collective Bargaining
Monday, 11 October 2021, 8:43 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from the New Zealand Tegel Growers Association (TGA) seeking authorisation on behalf of its members to collectively negotiate the terms and conditions of its ... More >>
George Weston Foods (NZ) Limited Seeks Clearance To Acquire Dad’s Pies Limited
Friday, 8 October 2021, 3:53 pm | Commerce Commission
The Commerce Commission has received an application from George Weston Foods (NZ) Limited seeking clearance to acquire 100% of the shares of Dad’s Pies Limited. Both George Weston Foods and Dad’s Pies manufacture and supply savoury pies and ... More >>
Certification Now Mandatory For Lenders And Mobile Traders
Thursday, 7 October 2021, 10:39 am | Commerce Commission
From 1 October 2021, lenders providing consumer credit and mobile traders selling on credit must be certified by the Commerce Commission or face penalties, unless one of the exemptions apply to them. The main exemption is if a lender is licensed ... More >>
