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Commerce Commission - Latest News [Page 21]
Online Retailer 1-Day Fined For Misleading “today Only” Deals
Wednesday, 7 September 2022, 5:23 pm | Commerce Commission
A prominent online retailer owned by The Warehouse Group has been fined $840,000 for promotional claims on its online store, which were liable to mislead consumers about how long its daily deals would run for and the quantity of stock available. ... More >>
Commission Issues Draft Guidance For Interchange Fee Caps On Mastercard And Visa Networks
Wednesday, 7 September 2022, 10:11 am | Commerce Commission
The Commerce Commission has released draft guidance explaining new interchange fee caps for Mastercard and Visa networks. The guidance will ultimately help participants in these networks comply with price limits on interchange fees which will come into ... More >>
Guilty Plea From Ego Pharmaceuticals On Unsubstantiated SPF 50+ Claims
Tuesday, 6 September 2022, 9:46 am | Commerce Commission
Australian skincare company, Ego Pharmaceuticals (Ego), has pleaded guilty to two charges under the Fair Trading Act, for making unsubstantiated representations about the Sun Protection Factor (SPF) of two sunscreen products, Ego Sunsense Ultra SPF ... More >>
Proceedings Filed Against Vector For Excessive Electricity Outages In The Auckland Region
Friday, 2 September 2022, 12:33 pm | Commerce Commission
The Commerce Commission has filed civil proceedings in the Auckland High Court against electricity lines company, Vector Limited, for failing to meet minimum reliability requirements for four consecutive years. Vector supplies electricity to more than ... More >>
Zoetis Cleared To Acquire Animal Healthcare Rival Jurox In New Zealand
Wednesday, 31 August 2022, 6:40 pm | Commerce Commission
The Commerce Commission has granted clearance for Zoetis Inc. (Zoetis) to acquire Betrola Pty Limited, which owns the Jurox group of companies (Jurox). Zoetis and Jurox both supply animal health care products. Deputy Chair Sue Begg said that the ... More >>
Latest MBNZ Results Highlight Choices For Gamers And Bandwidth Hogs
Thursday, 18 August 2022, 9:07 am | Commerce Commission
The Commerce Commission‘s latest Measuring Broadband New Zealand (MBNZ) report, taken from testing in May 2022, throws the spotlight on broadband performance for gamers and users of other high-bandwidth services. Telecommunications Commissioner, ... More >>
New Provisions Come Into Force Tackling Unfair Business Practices
Tuesday, 16 August 2022, 11:33 am | Commerce Commission
Changes to the Fair Trading Act take effect today strengthening protections for businesses and consumers and tackling unfair business practices in Aotearoa New Zealand. Commerce Commission Chair Anna Rawlings says the changes include the addition of ... More >>
Spark Warned By Commission, Refunds Thousands Of Broadband Customers Following Misleading Conduct
Wednesday, 10 August 2022, 6:11 am | Commerce Commission
Spark New Zealand has been warned by the Commerce Commission and has refunded nearly 113,000 customers after some were charged for a wire maintenance service they did not need (or could not use or benefit from). The Commission began investigating Spark ... More >>
Investigations Show Commission’s Commitment To Acting On Non-notified Mergers
Tuesday, 9 August 2022, 3:00 pm | Commerce Commission
The Commission has recently concluded cases involving three non-notified mergers that threatened to substantially lessen competition in their respective markets to the detriment of consumers. The recently concluded cases include: Objective Corporation ... More >>
Commerce Commission Issues Draft Determination On News Publishers’ Association’s Collective Bargaining Application
Monday, 8 August 2022, 8:26 pm | Commerce Commission
The Commerce Commission (Commission) has reached a preliminary view that it should allow the News Publishers’ Association of New Zealand (NPA) to collectively negotiate with Meta and Google regarding the terms and conditions on which participating news ... More >>
Draft Report Says Regulatory System Favours Established Building Products
Thursday, 4 August 2022, 8:55 am | Commerce Commission
The Commerce Commission’s draft report into competition in the residential building supplies industry has identified two main factors negatively impacting competition, and recommends changes that could deliver more choice and better quality along with ... More >>
Commerce Commission Authorises New Zealand Tegel Growers Association To Engage In Collective Bargaining
Wednesday, 3 August 2022, 4:35 pm | Commerce Commission
The Commerce Commission (Commission) has granted authorisation to allow the New Zealand Tegel Growers Association Incorporated (TGA) to collectively negotiate on behalf of its members the terms of its members’ supply of chicken growing services ... More >>
Commission Takes Steps To Provide “better Picture” Of Electricity Lines Company Performance
Wednesday, 3 August 2022, 9:15 am | Commerce Commission
The Commerce Commission has released its draft decisions paper on the additional information New Zealand’s local electricity lines companies must disclose to the public, as part of its review of their information disclosure requirements. The proposed ... More >>
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 >>
