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Commerce Commission - Latest News [Page 22]
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 >>
Commission Consults Ahead Of Key Decisions On Gas Pipeline Services
Wednesday, 4 August 2021, 8:42 am | Commerce Commission
The Commerce Commission today released a discussion paper calling for views from gas pipeline businesses and other interested parties on its approach to its periodic reset of default price-quality paths (DPPs) for gas pipelines. DPPs set the maximum ... More >>
Commission Urges Telcos To Better Inform Consumers About Technology Options
Wednesday, 4 August 2021, 8:40 am | Commerce Commission
The Commerce Commission has published an open letter to the telecoms sector urgently seeking views on proposed new marketing principles aimed at reducing consumer confusion about alternative technology options as New Zealand transitions away from copper-based ... More >>
Commission Releases Draft Report On Competition In The Retail Grocery Sector
Thursday, 29 July 2021, 8:42 am | Commerce Commission
The Commerce Commission’s draft report into competition in the retail grocery sector has found that competition is not working well for consumers. “If competition was more effective, retailers would face stronger pressures to deliver the right ... More >>
Aon Withdraws Application For Willis Towers Watson Acquisition
Wednesday, 28 July 2021, 3:35 pm | Commerce Commission
Aon plc has formally withdrawn its application to the Commerce Commission for clearance to acquire Willis Towers Watson Public Limited Company. The Commission had been scheduled to make a decision on Aon’s clearance application by 20 August 2021. Background ... More >>
Commission Consults On Transpower Proposal To Invest $15.8m In South Auckland Network
Tuesday, 27 July 2021, 8:32 am | Commerce Commission
The Commerce Commission has released for consultation a draft decision allowing Transpower to spend an additional $15.8 million upgrading its transmission network to meet increasing demand for electricity in South Auckland. The proposed investment More >>
Commission Shines Light On EDB Reporting Of Asset Management Practices
Monday, 26 July 2021, 8:44 am | Commerce Commission
The Commerce Commission is encouraging electricity distribution businesses (EDBs) to continue to improve their annual Asset Management Plans (AMPs). In its Reporting of Asset Management Practices paper, published today, the Commission presents a targeted ... More >>
Commission Grants Clearance For Assa Abloy NZ To Acquire NZ Fire Doors
Friday, 23 July 2021, 12:02 pm | Commerce Commission
The Commerce Commission has granted clearance to ASSA ABLOY New Zealand Limited (Assa Abloy NZ) to acquire all of the shares in NZ Fire Doors Limited (NZFD). Both Assa Abloy NZ (through its subsidiary Pacific Door Systems Limited (Pacific Doors)) ... More >>
Commission Seeking Declarations That Agreements Not To Bid On Google Ads Breach Commerce Act
Wednesday, 21 July 2021, 1:57 pm | Commerce Commission
The Commerce Commission has filed proceedings at the High Court in Christchurch seeking declarations that consumer loan provider Moola engaged in cartel conduct relating to online advertising on Google Ads. The Commission alleges Moola reached ... More >>
Are Media Limited Seeks Clearance To Acquire Ovato Retail Distribution NZ Limited
Tuesday, 20 July 2021, 9:03 am | Commerce Commission
The Commerce Commission has received a clearance application from 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 ... More >>
Commission Engages With Fuel Industry Ahead Of New Regulatory Requirements
Friday, 9 July 2021, 8:49 am | Commerce Commission
The Commerce Commission has today released an open letter to the fuel industry outlining the Commission’s role and expectations of fuel businesses ahead of a new regulatory regime taking effect on 11 August 2021. The letter comes after the Ministry of Business, ... More >>
Statement Of Unresolved Issues Released For Trade Me’s Application To Acquire Homes.co.nz
Wednesday, 30 June 2021, 9:13 am | Commerce Commission
The Commerce Commission has released a Statement of Unresolved Issues relating to Trade Me Limited’s application for clearance to acquire PropertyNZ Limited. PropertyNZ Limited owns and operates the homes.co.nz website, while Trade Me owns and operates ... More >>
Commission Clears Overlap In Roofing Tiles
Tuesday, 29 June 2021, 5:39 pm | Commerce Commission
The Commerce Commission has granted clearance to IKO Industries Limited to acquire all of the shares of Ross Roof Group Limited. IKO and Ross Roof both supply steel roof tiles that are predominantly used on residential houses and are better known ... More >>
Euro Corporation Fined $361,000 In Last Steel Mesh Case
Friday, 25 June 2021, 10:54 am | Commerce Commission
Euro Corporation Limited (Euro) has been fined $361,000 for making false or misleading and unsubstantiated representations relating to its earthquake grade steel mesh products, known as SE615. Auckland District Court Judge M-E Sharp sentenced Euro on 14 charges ... More >>
Statement Of Preliminary Issues Released On IKO/Ross Roof Clearance Application
Friday, 18 June 2021, 8:46 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to the application from IKO Industries Limited seeking to acquire all of the shares of Ross Roof Group Limited. The statement outlines the key competition issues that ... More >>
ASB To Repay Customers Nearly $9million Following Commission Warning
Thursday, 17 June 2021, 9:22 am | Commerce Commission
The Commerce Commission has warned ASB Bank Limited (ASB) over likely responsible lending failures which resulted in borrowers being overcharged Early Repayment Adjustment (ERA) fees. The Commission has warned ASB that in the Commission’s view the bank ... More >>
Concrete Group Subsidiary Cleared To Acquire Drymix
Wednesday, 9 June 2021, 4:15 pm | Commerce Commission
The Commerce Commission has granted clearance to Dunlop Drymix Limited, a subsidiary of the Concrete Group Limited, to acquire the assets and business of six companies that collectively trade in New Zealand as Drymix. Each of the Drymix companies were ... More >>
Statement Of Issues Released For ASSA ABLOY NZ Limited / NZ Fire Doors Limited Clearance Application
Tuesday, 8 June 2021, 3:39 pm | Commerce Commission
The Commerce Commission has published a statement of issues relating to an application for clearance from ASSA ABLOY New Zealand Limited (Assa Abloy NZ) to acquire all of the shares in NZ Fire Doors Limited (NZFD). Both Assa Abloy NZ and NZFD manufacture ... More >>
Commission Finalises Due Diligence Guidance For Consumer Credit Providers
Wednesday, 2 June 2021, 9:06 am | Commerce Commission
The Commerce Commission has finalised its guidance for directors and senior managers of consumer credit providers and mobile traders on how to comply with the due diligence duty. From 1 October 2021 directors and senior managers of lenders, including mobile ... More >>
Statement Of Unresolved Issues Released For Can Plan/Nelmac Clearance Application
Monday, 31 May 2021, 1:36 pm | Commerce Commission
The Commerce Commission has released a Statement of Unresolved Issues relating to an application from Can Plan Nelson Limited (Can Plan) seeking clearance to acquire certain assets of Nelmac Limited’s (Nelmac/s) waste collection business, ... More >>
