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Commerce Commission - Latest News [Page 20]
Fletcher Distribution Cleared To Acquire Tumu Stores And A Frame And Truss Plant
Friday, 29 July 2022, 2:28 pm | Commerce Commission
The Commerce Commission has granted clearance for Fletcher Distribution Limited (FDL), (a wholly-owned subsidiary of Fletcher Building Limited that operates the national network of Placemakers stores), to acquire six building products stores, ... More >>
Mercury NZ Charged For Misleading Customers Following Complaint To Commission
Tuesday, 19 July 2022, 9:41 am | Commerce Commission
The Commerce Commission has filed seven charges against Mercury NZ Limited (Mercury) under the Fair Trading Act for making false and/or misleading representations to some residential energy customers that they were required to pay an early termination ... More >>
Statement Of Preliminary Issues Released For Microsoft’s Acquisition Of Activision Blizzard
Wednesday, 13 July 2022, 4:43 pm | Commerce Commission
The Commerce Commission has published a Statement of Preliminary Issues relating to the clearance application for Microsoft Corporation (Microsoft) to acquire 100% of the shares in Activision Blizzard Inc (Activision). The Statement outlines the ... More >>
Kinetic Cleared To Acquire NZ Bus
Friday, 8 July 2022, 1:35 pm | Commerce Commission
The Commerce Commission has granted clearance for Kinetic NZ Holdings Limited (Kinetic) to acquire all of the shares in NZB Holdco Limited (NZ Bus). Kinetic (through its Go Bus brand) and NZ Bus provide urban bus services in several locations throughout ... More >>
Toy Wholesaler Fined For Train With Choking Risk For Young Children
Thursday, 7 July 2022, 12:21 pm | Commerce Commission
A train set supplied in breach of the Product Safety Standard for children’s toys was found through the Commerce Commission’s programme of retail inspections resulting in a $55,250 fine for New Zealand wholesale distribution business, 1st Mart Limited. ... More >>
Statement Of Issues Released For Sika/MBCC
Wednesday, 29 June 2022, 11:11 am | Commerce Commission
The Commerce Commission has published a Statement of Issues relating to the clearance application for Sika AG to acquire the MBCC Group (the Proposed Acquisition) as part of a global transaction. As part of its application for clearance, Sika has now offered ... More >>
Lineage Logistics Cleared To Acquire Cold Storage Nelson
Thursday, 23 June 2022, 11:55 am | Commerce Commission
The Commerce Commission has granted clearance to Lineage Logistics New Zealand (Lineage) in relation to its proposed acquisition of Cold Storage Nelson Limited (CSN). Both Lineage and CSN are providers of cold storage services (including frozen and chilled ... More >>
Mobil Withdraws Jet Fuel Clearance Applications
Tuesday, 21 June 2022, 2:35 pm | Commerce Commission
Mobil Oil New Zealand Limited has formally withdrawn its applications to the Commerce Commission for clearance to acquire up to 100% of Z Energy Limited’s ownership interest in two assets used to supply jet fuel at Auckland International Airport: ... More >>
Latitude Withdraws Application To Acquire Humm’s Consumer Finance Business
Friday, 17 June 2022, 5:44 pm | Commerce Commission
Latitude Group Holdings Limited has formally withdrawn its application to the Commerce Commission for clearance to acquire Humm Group Limited’s consumer finance business. The Commission had been scheduled to make a decision on Latitude’s clearance application ... More >>
Two Companies Fined Over False Building Wrap Claims
Friday, 17 June 2022, 2:31 pm | Commerce Commission
Building products company Masons Plastabrick Limited (Masons) and building products certification company CertMark International Pty Limited (CertMark) have been fined $240,000 and $210,000 respectively for making false representations about a building ... More >>
Court Orders Compensation For Global Fibre8 System
Friday, 17 June 2022, 2:21 pm | Commerce Commission
New Zealand building product company Global Fibre8 Limited and its sole director, Tangi Tuake, have been fined with Mr Tuake being ordered to pay compensation to consumers after making false and misleading claims about a wall panel system (named K3T) between ... More >>
Penalty Imposed On Freight Forwarders For Cartel Agreements
Friday, 17 June 2022, 1:15 pm | Commerce Commission
The High Court has imposed penalties totalling over $9.7m on two international freight forwarding companies, Mondiale Freight Services Limited (Mondiale) and Oceanbridge Shipping Limited (Oceanbridge), and on four individuals associated with the companies, ... More >>
Microsoft Seeks Clearance To Acquire Activision Blizzard
Thursday, 16 June 2022, 6:26 pm | Commerce Commission
The Commerce Commission has received a clearance application in relation to the proposed acquisition by Microsoft Corporation (Microsoft), via a wholly owned subsidiary, of Activision Blizzard Inc (Activision). Both parties are developers, publishers ... More >>
Commission To Issue Statement Of Issues On Mobil Jet Fuel Acquisitions
Wednesday, 15 June 2022, 8:04 pm | Commerce Commission
The Commerce Commission has decided to issue a Statement of Issues relating to applications for clearance from Mobil Oil New Zealand Limited to acquire up to 100% of Z Energy Limited’s ownership interest in two assets used to supply jet fuel at Auckland ... More >>
Statement Of Issues Released For Fletcher Application To Acquire Six Tumu Stores And A Frame And Truss Plant
Friday, 10 June 2022, 3:29 pm | Commerce Commission
The Commerce Commission has published a statement of issues relating to an application from Fletcher Distribution Limited (FDL), (a wholly-owned subsidiary of Fletcher Building Limited), seeking clearance to acquire six building products stores, and ... More >>
Love Streaming? Broadband Report Shows Fibre And HFC Tops For Simultaneous Netflix Streams
Friday, 10 June 2022, 11:04 am | Commerce Commission
The latest quarterly report from the Measuring Broadband New Zealand (MBNZ) programme shows broadband performance is stable across almost all the plans and providers it monitors, with 99% of Fibre 300, Fibre Max and HFC Max plans able to comfortably ... More >>
Real Finance To Pay $1.36m To Borrowers For Unreasonable Fees
Friday, 3 June 2022, 11:00 am | Commerce Commission
Consumer finance company Real Finance Limited has entered into a settlement with the Commerce Commission, after acknowledging that it charged unreasonable fees on its loans and agreeing to compensate borrowers. Real Finance admits entering into ... More >>
New Zealand Broadband More Than A Match In Trans-Tasman Comparison
Wednesday, 1 June 2022, 11:31 am | Commerce Commission
A joint report comparing broadband services between Australia and New Zealand shows the performance of New Zealand Ultra-Fast Broadband compares well to Australia’s National Broadband Network. The report, published by the Commerce Commission and ... More >>
Commission Announces Phased Increase For Gas Pipeline Charges To Maintain Safe And Reliable Supply
Tuesday, 31 May 2022, 9:55 am | Commerce Commission
The need to maintain the safe and reliable supply of natural gas while there is still demand from gas users is behind a phased increase in gas pipeline charges, the Commerce Commission announced today. Under Part 4 of the Commerce Act, the Commission ... More >>
Commission Declines Clearance For Anytime NZ Limited’s Collaborative Activity Clearance Application
Monday, 30 May 2022, 2:47 pm | Commerce Commission
The Commerce Commission has declined to give clearance to Anytime NZ Limited (Anytime NZ) to enter into proposed agreements with its franchisees that would have contained or may have contained cartel provisions. The proposed agreements would have allowed ... More >>
