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Commerce Commission - Latest News [Page 20]
Commission Gives Transpower Approval To Recover Costs Of Developing New Transmission Pricing Methodology (TPM)
Thursday, 7 October 2021, 8:39 am | Commerce Commission
The Commerce Commission has allowed Transpower to recover the approximately $5 million it has spent so far in developing a new transmission pricing methodology (TPM). In doing so, the Commission has amended Transpower’s individual price-quality path ... More >>
Online Lender Moola Admits Failure To Behave As A Responsible Lender
Wednesday, 6 October 2021, 11:56 am | Commerce Commission
Christchurch based online lender Moola.co.nz Limited has entered into a settlement with the Commerce Commission, admitting that it failed to comply with the Credit Contracts and Consumer Finance Act’s lender responsibility principles. Moola provides ... More >>
Commission Proposes Extending Regulatory Protections For Phone Number Portability
Wednesday, 6 October 2021, 8:33 am | Commerce Commission
The Commerce Commission has today released a draft determination proposing to continue the regulation of number portability services for both local and mobile telephone numbers for another five years. Telecommunications Commissioner Tristan Gilbertson ... More >>
Statement Of Preliminary Issues Released For Anytime NZ Limited Collaborative Activity Clearance Application
Tuesday, 5 October 2021, 3:38 pm | Commerce Commission
The Commerce Commission has published a Statement of Preliminary Issues relating to the application from Anytime NZ Limited (Anytime NZ) seeking clearance under section 65A of the Commerce Act 1986 for proposed agreements with its franchisees. The proposed ... More >>
Statement of Preliminary Issues on Cargotec/Konecranes
Friday, 1 October 2021, 2:09 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to Cargotec Corporation’s application seeking clearance to acquire Konecranes Plc as part of a global merger. The statement outlines the key competition issues that ... More >>
NZ Tegel Growers Association Seeks Provisional Authorisation For Members To Engage In Collective Bargaining With Tegel
Friday, 1 October 2021, 8:54 am | Commerce Commission
On 16 September 2021, the Commerce Commission received an application from the New Zealand Tegel Growers Association Incorporated (TGA) seeking authorisation on behalf of its members to collectively negotiate the terms and conditions of its members’ ... More >>
Penalty Imposed For Taxi Cartel Conduct
Thursday, 30 September 2021, 2:56 pm | Commerce Commission
The High Court has ordered Hutt and City Taxis Limited (Hutt & City) to pay a penalty of $150,000 in relation to fixing the prices of taxi fares. The Commission filed proceedings against Hutt & City in May 2021. The Commission alleged, ... More >>
Mercury Cleared To Acquire Trustpower’s Retail Business
Tuesday, 28 September 2021, 9:46 am | Commerce Commission
The Commerce Commission has granted clearance for Mercury NZ Limited to acquire Trustpower Limited’s retail business. Deputy Chair Sue Begg said the Commission is satisfied that the acquisition is unlikely to substantially lessen competition ... More >>
Commission Warns EA Networks For $3.3 Million Price Path contravention And Accepts Enforceable Undertakings
Monday, 27 September 2021, 8:59 am | Commerce Commission
The Commerce Commission has accepted enforceable undertakings from electricity lines company EA Networks for contravening its regulated price path by approximately $52,000 in the 2020 assessment period and issued a warning to EA Networks for contravening ... More >>
Anytime NZ Limited Seeks Collaborative Activity Clearance For Agreements With Franchisees
Wednesday, 22 September 2021, 1:50 pm | Commerce Commission
The Commerce Commission has received an application from Anytime NZ Limited (Anytime NZ) seeking clearance under section 65A of the Commerce Act 1986 relating to proposed agreements with its franchisees. The applicant is the New Zealand master franchisee ... More >>
Owner Of Wakefield And Bowen Private Hospitals Seeks To Buy Pulse Health
Wednesday, 22 September 2021, 9:51 am | Commerce Commission
The Commerce Commission has received 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 Australia Pty Ltd (Healthe Care). Companies related ... More >>
Court dismisses Commerce Commission case against Bunnings
Tuesday, 21 September 2021, 9:25 am | Commerce Commission
The Commerce Commission’s case against Bunnings alleging misleading representations that it offered the lowest prices in the market has been dismissed by the Auckland District Court. The Commission alleged that Bunnings’ advertising at its stores ... More >>
Tegel Growers Association seeks collective bargaining
Friday, 17 September 2021, 9:06 am | Commerce Commission
The Commerce Commission has received an application from the New Zealand Tegel Growers Association Incorporated (TGA) seeking authorisation on behalf of its members to collectively negotiate the terms and conditions of its members’ supply of chicken ... More >>
Final report on its review of Fonterra’s base milk price
Wednesday, 15 September 2021, 8:35 am | Commerce Commission
The Commerce Commission has today released its final report on Fonterra’s calculation of the base milk price it will pay farmers in the 2020/21 dairy season. The Commission found that Fonterra’s forecast price of $7.45 - $7.65 per kilogram of milk solids ... More >>
Hot drink cup company warned for misleading recycling claims
Tuesday, 14 September 2021, 10:00 am | Commerce Commission
Glopac New Zealand Ltd, a paper packaging products company, has been warned by the Commerce Commission for making misleading claims about the ability to recycle its hot drink cups. Glopac represented its hot drink cups were recyclable, when in fact ... More >>
New transmission pricing methodology
Tuesday, 14 September 2021, 9:06 am | Commerce Commission
The Commerce Commission is seeking feedback on a proposal to allow Transpower to recover about $5 million spent so far developing a new transmission pricing methodology (TPM). More >>
Commission seeks views on improving telecoms retail service
Tuesday, 14 September 2021, 9:04 am | Commerce Commission
The Commerce Commission has released a discussion document calling for views on retail service quality issues in the telecommunications sector that it considers need improving. Improving Retail Service Quality – Draft Baseline Report draws ... More >>
Commission Approves Further Transpower Power Line Upgrade In South Auckland
Friday, 10 September 2021, 8:55 am | Commerce Commission
The Commerce Commission has given approval to Transpower, the operator of the national electricity grid, to spend $14.59 million in addition to the $36 million the Commission approved in March 2021 to upgrade its South Auckland network. The further $14.59 ... More >>
Statement Of Preliminary Issues Released On EROAD/Coretex Clearance Application
Thursday, 9 September 2021, 7:30 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to the clearance application from EROAD Limited seeking to acquire all of the shares in Coretex Limited. The statement outlines the key competition issues that the Commission ... More >>
The Safety Warehouse warned about “The Drop” event
Wednesday, 8 September 2021, 12:56 pm | Commerce Commission
Greenback Ecommerce Limited trading as The Safety Warehouse (TSW) has been warned by the Commerce Commission for engaging in conduct that it considers was liable to mislead and likely to have breached the Fair Trading Act in its promotion of “The ... More >>
