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Commerce Commission - Latest News [Page 19]
Woolworths Seeks Clearance To Acquire PETstock
Tuesday, 7 February 2023, 4:30 pm | Commerce Commission
The Commerce Commission has received a clearance application from Woolworths Group Limited (Woolworths) to acquire 55% of the shares in PETstock Pty Ltd (PETstock). Woolworths is an Australian-based retailer listed on the Australian Stock Exchange. ... More >>
Statement Of Preliminary Issues Released For Connexa / 2degrees Passive Mobile Tower Assets
Thursday, 26 January 2023, 7:58 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Connexa Limited (Connexa) to acquire certain passive mobile telecommunications infrastructure assets from Two Degrees Networks Limited and Two ... More >>
Investigation Opened Into Alderson Logistics Limited’s Acquisitions Of ABS Carriers And Supa Shavings
Wednesday, 25 January 2023, 3:44 pm | Commerce Commission
The Commerce Commission has opened an investigation into the acquisition of the assets of ABS Carriers Limited (trading as Animal Bedding Supplies/Moorey Animal Bedding) and Supa Shavings Limited by Alderson Logistics Limited and interconnected ... More >>
Commission Prompts Vector To Reverse Moves That Would Have Cost Electricity Consumers Millions
Friday, 23 December 2022, 11:47 am | Commerce Commission
A Commerce Commission investigation has led to a backdown by New Zealand’s largest electricity distribution business, Vector, on moves that would have cost its customers millions of dollars over the coming decades. Deputy Chair, Sue Begg, says the Commission’s ... More >>
Commission Seeks Input On Guidelines On The Application Of Competition Law To Intellectual Property Rights
Tuesday, 20 December 2022, 4:29 pm | Commerce Commission
The Commission has released draft Guidelines on the Application of Competition Law to Intellectual Property Rights, and is seeking submissions from interested parties. The Commerce Act 1986 (Act) currently exempts certain conduct in relation to intellectual ... More >>
Door-to-door Trader Banned From Providing Credit
Tuesday, 20 December 2022, 11:51 am | Commerce Commission
Mobile trader Ace Marketing Limited (Ace) and its director have been issued with two banning orders by the Auckland District Court preventing them from operating in the consumer credit industry for five years. Ace is a mobile trader that sold ... More >>
Commission Files Proceedings In Anti-competitive Land Covenant Case
Tuesday, 20 December 2022, 10:08 am | Commerce Commission
The Commerce Commission has filed proceedings in the High Court in Wellington against NGB Properties Limited (NGB) for allegedly contravening section 28 of the Commerce Act. Section 28 prohibits land covenants that have the purpose, effect or ... More >>
Connexa Seeks Clearance To Acquire Passive Mobile Tower Assets Of 2degrees
Monday, 19 December 2022, 4:32 pm | Commerce Commission
The Commerce Commission has received a clearance application from Connexa Limited (Connexa) to acquire certain passive mobile telecommunications infrastructure assets from Two Degrees Networks Limited and Two Degrees Mobile Limited (2degrees). Connexa ... More >>
Jingle Bells, Jingle Bells…watch Out For Buckyballs This Christmas
Thursday, 15 December 2022, 5:21 pm | Commerce Commission
As Kiwis hit the shops to pick up last-minute stocking fillers, the Commerce Commission is urging Christmas shoppers to be vigilant about toy safety. Commerce Commission’s General Manager of Fair Trading, Vanessa Horne, says businesses supplying toys for ... More >>
New ‘league Table’ Of NZ Telcos Will Inform Customer Choice
Wednesday, 14 December 2022, 8:43 am | Commerce Commission
The Commerce Commission has today launched a consultation on its proposal to publish customer service rankings, as well as underlying performance information, for retail telecommunications providers. Telecommunications Commissioner, Tristan Gilbertson, ... More >>
Final Decision On Allocation Of Telecommunications Development Levy
Thursday, 8 December 2022, 11:12 am | Commerce Commission
The Commerce Commission has today released its final decision on the allocation of payments for the Government’s $10.484 million Telecommunications Development Levy (TDL) for 2021/22. Under the Telecommunications Act, the Commerce Commission ... More >>
Ashley & Martin Could Not Back Up 98% Success Rate For Hair Loss Treatment
Wednesday, 7 December 2022, 4:44 pm | Commerce Commission
Ashley & Martin (NZ) Limited has been fined $367,500 for making unsubstantiated marketing claims about its widely advertised hair loss treatment between November 2016 and May 2021, breaching the Fair Trading Act. The hair loss treatment company ... More >>
NZ Homeowners And Building Supplies Sector Will Benefit From Focus On Competition
Tuesday, 6 December 2022, 9:25 am | Commerce Commission
The Commerce Commission’s final report from a year-long market study into residential building supplies sets out nine recommendations to improve competition and produce better long-term outcomes for New Zealand homeowners and those involved in the industry. ... More >>
Over 100,000 Telco Customers Left With A Harder Road To Complain, Says Commission
Thursday, 1 December 2022, 9:56 am | Commerce Commission
The Commerce Commission has today published a list of telecommunications providers who are, and who are not, members of the Telecommunications Dispute Resolution Scheme (TDRS). The Commission says non-members – including Contact Energy, InspireNet, ... More >>
New Revenue Limit Set For Powerco Reflects $1.3b Network Investment
Wednesday, 30 November 2022, 11:32 am | Commerce Commission
The Commerce Commission has today made changes to the revenue that central North Island electricity distributor, Powerco Limited, can recover from its customers, following a $1.3 billion programme of investment in its network over the past five ... More >>
Sunscreen Company Fined For Claims That Could Not Be Backed Up
Wednesday, 30 November 2022, 9:51 am | Commerce Commission
Australian skincare company, Ego Pharmaceuticals Pty Ltd (Ego), has been fined $280,000 in the Auckland District Court, after it made unsubstantiated claims about the Sun Protection Factor (SPF) of two sunscreen products. Commission Chair Anna Rawlings ... More >>
Commission Widens Broadband Performance Programme To New Technologies And More Providers
Monday, 28 November 2022, 12:08 pm | Commerce Commission
The Commerce Commission has today announced the next phase of Measuring Broadband New Zealand (MBNZ), widening the programme to cover new technologies, additional providers and geographies – and offering volunteers an added bonus. While the Commission ... More >>
Local Electricity Lines Companies To Provide Greater Performance Insights
Friday, 25 November 2022, 9:22 am | Commerce Commission
The Commerce Commission has introduced new requirements on local electricity lines companies to improve performance information available to consumers and other stakeholders. This additional information will provide greater transparency about: • how the ... More >>
Commission Encourages Kiwi Motorists To ‘Shop Around’ When Filling Up
Thursday, 17 November 2022, 11:35 am | Commerce Commission
The Commerce Commission’s first report on the performance of New Zealand’s $10 billion fuel markets shows encouraging signs of competition, and says Kiwi motorists can play an important part in further stimulating competition. Initial analysis from ... More >>
Statement Of Preliminary Issues For Central Healthcare Operations’ Application To Acquire Interest In The Crest Hospital
Tuesday, 15 November 2022, 6:22 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Central Healthcare Operations Limited seeking clearance to acquire 100% of the shares in Aorangi Hospital Limited. At present, Aorangi and Southern ... More >>
