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Commerce Commission - Latest News [Page 21]
Cargotec and Konecranes seek clearance to merge
Tuesday, 7 September 2021, 4:01 pm | Commerce Commission
The Commerce Commission has received an application from Cargotec Corporation (Cargotec) seeking clearance to acquire Konecranes Plc (Konecranes) as part of a global transaction. Both Cargotec and Konecranes supply a range of cargo and container handling equipment ... More >>
Kmart agrees to improve toy safety procedures
Friday, 3 September 2021, 11:01 am | Commerce Commission
Kmart has provided court enforceable undertakings to the Commerce Commission to improve its toy safety procedures, and in particular the test it applies when making age grading assessments for its home brand toys. More >>
Penalties imposed in container depot price fixing case
Friday, 3 September 2021, 9:41 am | Commerce Commission
The High Court has ordered Specialised Container Services (Christchurch) Limited (SCS Christchurch) and its director Grant Tregurtha to pay penalties in relation to an attempted price fix of “vehicle booking system” fees. The Commission filed ... More >>
Mainland Finance in $1.1m settlement with Commission
Wednesday, 1 September 2021, 10:55 am | Commerce Commission
Vehicle finance company Mainland Finance has entered into a settlement with the Commerce Commission acknowledging that it charged unreasonable credit and default fees and agreeing to compensate borrowers. More >>
HP NZ's application to engage in resale price maintenance
Wednesday, 1 September 2021, 8:41 am | Commerce Commission
The Commerce Commission has authorised HP New Zealand Limited (HP) to engage in resale price maintenance (RPM) in relation to its proposed HP online stores and HP online marketplace stores for a period of five years. More >>
Commission recommends improvements to dispute resolution
Monday, 30 August 2021, 8:30 am | Commerce Commission
The Commerce Commission has released for consultation a draft report recommending improvements to the Telecommunications Dispute Resolution Scheme (TDRS) so that it delivers better outcomes for consumers and industry. The recommendations are based ... More >>
Commission issues anti-collusion reminder to businesses
Friday, 27 August 2021, 11:25 am | Commerce Commission
The Commerce Commission is reminding all businesses supplying essential services in the current nationwide COVID-19 lockdown of their obligations under the Commerce Act. The Commission recognises that the impact of the COVID-19 outbreak is significant ... More >>
Online Lender Harmoney admits to charging unreasonable fees
Friday, 27 August 2021, 11:06 am | Commerce Commission
Harmoney Limited and Harmoney Investor Trustee Limited (together Harmoney) have entered into a settlement with the Commerce Commission, admitting that Harmoney’s platform fees were unreasonable, and agreeing to compensate borrowers. Since it started ... More >>
Commission grants clearance for Are Media Limited to acquire Ovato Retail Distribution NZ Limited
Thursday, 26 August 2021, 9:15 am | Commerce Commission
The Commission has granted clearance for Are Media Limited to acquire 100% of the shares in Ovato Retail Distribution NZ Limited (ORD NZ). Are Media Limited is the New Zealand subsidiary of Australian company Are Media Pty Limited (together, Are ... More >>
Latest broadband performance report confirms similar speeds between North and South Islands on Fibre Max plans
Thursday, 26 August 2021, 9:08 am | Commerce Commission
The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme has been released, confirming similar speeds for Fibre Max plans across the country, with only slightly slower speeds for consumers in the South Island. ... More >>
EROAD Seeks Clearance To Acquire Coretex
Tuesday, 24 August 2021, 8:28 pm | Commerce Commission
The Commerce Commission has received a clearance application from EROAD Limited (EROAD) to acquire all of the shares in Coretex Limited (Coretex). EROAD and Coretex both provide vehicle telematics solutions to customers in New Zealand, as well as ... More >>
Chorus’ Fibre Network Valued At $5.427b
Thursday, 19 August 2021, 9:11 am | Commerce Commission
The Commerce Commission has released for consultation a draft view on the value of Chorus’ fibre network for regulatory purposes. The value of the network – or Chorus’ initial regulatory asset base (RAB) – is a key building block in determining ... More >>
Statement Of Preliminary Issues Released On Mercury’s Application To Acquire Trustpower’s Retail Business
Tuesday, 17 August 2021, 7:08 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to the clearance application from Mercury NZ Limited seeking to acquire Trustpower Limited’s retail business. The statement outlines the key competition issues that ... More >>
Commission publishes draft conclusion on base milk price
Monday, 16 August 2021, 8:26 am | Commerce Commission
The Commerce Commission has today released a draft report concluding that Fonterra’s calculation of the base milk price it will pay farmers in the 2020/21 dairy season is consistent with the requirements of the milk price monitoring regime under the ... More >>
New Regulatory Regime To Promote Fuel Market Competition Starts Tomorrow
Tuesday, 10 August 2021, 9:16 am | Commerce Commission
A new regulatory regime designed to enhance competition in New Zealand’s fuel markets comes into effect tomorrow (11 August 2021). The Commerce Commission has a monitoring and enforcement role under the Fuel Industry Act 2020, key parts of ... More >>
Statement Of Preliminary Issues Released For Are Media Limited / Ovato Retail Distribution NZ Ltd Clearance Application
Friday, 6 August 2021, 8:14 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Are Media Limited seeking clearance to acquire 100% of the shares in Ovato Retail Distribution NZ Limited (ORD NZ). Are Media Limited publishes ... More >>
Commerce Commission Issues Draft Determination On HP New Zealand’s Application To Engage In Resale Price Maintenance
Friday, 6 August 2021, 9:14 am | Commerce Commission
The Commerce Commission has reached a preliminary view that it should allow HP New Zealand Limited (HP) to engage in resale price maintenance (RPM) in relation to its proposed HP online stores and HP online marketplace stores. On 22 March 2021, HP ... More >>
Commission Grants Clearance For Trade Me’s Acquisition Of Homes.co.nz
Thursday, 5 August 2021, 7:42 pm | Commerce Commission
The Commission has granted Trade Me Limited (Trade Me) clearance to acquire PropertyNZ Limited. Trade Me Property is the largest online residential listings platform in New Zealand. PropertyNZ Limited owns and operates the homes.co.nz website (Homes). ... More >>
Mercury Seeks Clearance To Acquire Trustpower’s Retail Business
Wednesday, 4 August 2021, 8:21 pm | Commerce Commission
The Commerce Commission has received a clearance application from Mercury NZ Limited seeking to acquire Trustpower Limited’s retail business. Mercury and Trustpower both generate and sell electricity and are two of the five ‘gentailers’ that ... More >>
Royal Jelly Supplements Mislead Consumers As Being From New Zealand
Wednesday, 4 August 2021, 3:20 pm | Commerce Commission
New Zealand Health Food Company Ltd (NZHFC) has been fined $377,000 after pleading guilty to engaging in conduct that was liable to mislead the public about the origin of ingredients in its royal jelly supplements. The combination of phrases and images ... More >>
