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Commerce Commission - Latest News [Page 23]
Commission Releases Performance Analysis Of Gas Distribution Businesses
Monday, 31 May 2021, 8:34 am | Commerce Commission
The Commerce Commission has today published information to help consumers and other interested stakeholders understand the performance of the four regulated gas distribution businesses as it prepares to consult on a new price and quality path due to take ... More >>
IKO Industries Seeks Clearance To Acquire Ross Roof Group
Friday, 28 May 2021, 10:25 am | Commerce Commission
The Commerce Commission has received a clearance application from IKO Industries Ltd to acquire all of the shares of Ross Roof Group Limited. IKO and Ross Roofs both supply steel roof tiles. Steel roof tiles are predominantly used on residential houses. ... More >>
Strandbags Charged Over Discounting Practices
Thursday, 27 May 2021, 2:03 pm | Commerce Commission
The Commerce Commission has filed seven representative charges under section 10 of the Fair Trading Act against retailer Strandbags Pty Limited over its discounting and sales practices. The Commission alleges that between July 2018 and January 2020 ... More >>
Commission Announces Draft Decisions On Price-quality Regulation For Chorus And Information Disclosure Requirements
Thursday, 27 May 2021, 8:41 am | Commerce Commission
The Commerce Commission has released for consultation its draft view on the maximum revenues Chorus should be able to earn from its fibre network over the first three years of the new regulatory regime that takes effect from 1 January next year and ... More >>
Statement Of Issues Released For Taranaki By-Products’ Application To Increase Its Shareholdings In Lowe Joint Ventures
Wednesday, 19 May 2021, 3:03 pm | Commerce Commission
The Commerce Commission has published a Statement of Issues relating to the clearance application from Taranaki By-Products Limited for it, or a related company, to increase its shareholdings in three joint ventures with the Lowe Corporation (Tuakau Proteins ... More >>
Statement Of Preliminary Issues Released For Application From Concrete Group Subsidiary To Acquire Drymix
Friday, 14 May 2021, 3:59 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to the clearance application from Dunlop Drymix Limited, a subsidiary of the Concrete Group Limited, seeking to acquire the assets and business of six companies that collectively ... More >>
Commission Maintains Regulation Of Three Telco Services To Protect Consumers
Wednesday, 12 May 2021, 8:50 am | Commerce Commission
The Commerce Commission announced today it will keep regulation in place for three wholesale telecommunications services to continue to promote competition and protect consumers. The three wholesale services are number portability, interconnection with ... More >>
Commission Warns Genesis Over Business Billing Errors
Monday, 10 May 2021, 10:31 am | Commerce Commission
The Commerce Commission has issued a warning to Genesis Energy Limited about billing errors concerning electricity line charges to business customers. Genesis reported the errors to the Commission. The Commission considers that Genesis is likely to ... More >>
UDC Settlement With Commission On Unreasonable Fees
Friday, 7 May 2021, 9:36 am | Commerce Commission
Finance company UDC Finance Limited (UDC) has entered into a settlement with the Commerce Commission, acknowledging that it charged unreasonable default fees and agreeing to compensate borrowers. UDC provided loans of typically $10,000 or more ... More >>
ASB Admits Responsible Lending Failures And Agrees To Pay Customers $8.1m Following A Commission Investigation
Tuesday, 4 May 2021, 3:12 pm | Commerce Commission
ASB Bank Limited (ASB) has entered into a settlement with the Commerce Commission after admitting it failed to ensure its systems and processes were sufficient to ensure that required information was given to more than 73,000 home and personal ... More >>
Commission Files Proceedings Against Alleged Taxi Cartel
Tuesday, 4 May 2021, 1:52 pm | Commerce Commission
The Commerce Commission has filed proceedings at the High Court in Wellington against Hutt and City Taxis Limited (Hutt & City) for alleged price fixing. The Commission alleges Hutt & City contravened the Commerce Act by reaching a price-fixing ... More >>
Concrete Group Subsidiary Seeks Clearance To Acquire Drymix
Tuesday, 4 May 2021, 1:34 pm | Commerce Commission
The Commerce Commission has received a clearance application from Dunlop Drymix Limited, a subsidiary of the Concrete Group Limited, seeking clearance to acquire the assets and business of six companies that collectively trade in New Zealand as ... More >>
Revised Process For Implementing New Regulatory Regime For Chorus
Friday, 30 April 2021, 8:23 am | Commerce Commission
The Commerce Commission has released papers outlining its approach to determining Chorus’ initial price-quality regulatory asset base (PQ RAB) and price-quality path (PQ) under the new regulatory regime for fibre providers. Chorus’ PQ RAB is ... More >>
Commission Seeks Views On Regulatory Priorities For Energy Networks And Airports
Thursday, 29 April 2021, 8:35 am | Commerce Commission
The Commerce Commission has published an open letter canvassing views on how it should prioritise its regulatory work programme to help the energy and airport sectors address upcoming issues including New Zealand’s transition to a low-carbon economy ... More >>
Vodafone Found Guilty Of Misleading Conduct Over 'FibreX' Service
Wednesday, 28 April 2021, 4:55 pm | Commerce Commission
Vodafone NZ Limited has been found guilty of engaging in conduct that was liable to mislead consumers in relation to its FibreX branded broadband service. In a case brought by the Commerce Commission and heard last year, the Auckland District Court ... More >>
Statement Of Issues Released For Trade Me’s Application To Acquire Homes.co.nz
Saturday, 24 April 2021, 5:06 am | Commerce Commission
The Commerce Commission has released a statement of 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 the Trade ... More >>
Key Issues Identified For First Review Of Telco Dispute Resolution Scheme
Friday, 23 April 2021, 9:03 am | Commerce Commission
The Commerce Commission has published a paper outlining the key issues it intends to focus on for its first review of the Telecommunications Dispute Resolution Scheme (TDRS). The Commission is required to review the TDRS at least once every three years ... More >>
Statement Of Preliminary Issues Released For ASSA ABLOY NZ Limited / NZ Fire Doors Limited Clearance Application
Wednesday, 14 April 2021, 1:21 pm | Commerce Commission
The Commerce Commission (the Commission) has published a statement of preliminary 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 ... More >>
Latest Broadband Report Confirms Improved Performance Of Premium Fibre Plans
Tuesday, 13 April 2021, 9:18 am | Commerce Commission
The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme shows that the performance of Fibre Max plans has improved substantially. This follows a collaboration between the Commission, its independent testing partner, ... More >>
Commission Issues Updated Cartel Leniency Policy
Friday, 9 April 2021, 9:21 am | Commerce Commission
The Commerce Commission has issued its revised cartel leniency and immunity policy and revised template leniency agreement. The cartel leniency and immunity policy has been updated to reflect changes to the Commission’s cartel leniency policy ... More >>
