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Commerce Commission - Latest News [Page 24]
HP New Zealand’s Application Seeking Authorisation For Resale Price Maintenance In Relation To Its HP Online Stores
Thursday, 8 April 2021, 10:26 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from HP New Zealand (HP) seeking authorisation to engage in resale price maintenance (RPM) in relation to its proposed arrangements for its HP online ... More >>
Cartel Conduct Now Punishable By Up To 7 Years’ Jail Time
Thursday, 8 April 2021, 9:00 am | Commerce Commission
Cartel conduct can now be punished with a term of imprisonment of up to 7 years, after the Commerce (Criminalisation of Cartels) Amendment Act 2019 came into effect today. Cartel conduct includes price fixing, market allocation and bid rigging (see ... More >>
Commission Completes Review Of Consumer Mobile Phone Bills
Thursday, 1 April 2021, 1:01 pm | Commerce Commission
The Commerce Commission has published a letter confirming it has completed its review of consumer mobile phone bills along with updated analysis addressing feedback from the telecommunications industry. In September 2020, the Commission published an open ... More >>
Commission Decides On Aurora’s Investment Plan, Proposes Additional Accountability Measures
Wednesday, 31 March 2021, 9:33 am | Commerce Commission
The Commerce Commission has today released its final decision in response to Aurora Energy’s (Aurora) proposal to fix its electricity lines network in Dunedin, Central Otago, and Queenstown Lakes. In June 2020, Aurora applied for a customised price-quality ... More >>
Assa Abloy New Zealand Limited Seeks Clearance To Acquire Shares Of NZ Fire Doors Limited
Tuesday, 30 March 2021, 11:25 am | Commerce Commission
The Commerce Commission has received a clearance application 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 and supply fire-rated doors and windows ... More >>
Be Clear And Upfront About Surcharges This Easter Holiday
Tuesday, 30 March 2021, 10:43 am | Commerce Commission
As Easter approaches the Commerce Commission is reminding businesses that any surcharges added must be clearly disclosed and the reasons for the surcharge accurately described to avoid breaching the Fair Trading Act 1986. Commission Chair Anna Rawlings said ... More >>
Next Steps To Address Pain Points For Telecommunications Consumers
Tuesday, 30 March 2021, 9:27 am | Commerce Commission
The Commerce Commission has published a paper outlining the next steps towards improving consumer experience with providers of internet, landline and mobile phone services. Telecommunications Dispute Resolution Scheme figures show customer complaints about ... More >>
Commission Reconfirms Fibre Input Methodology For Cost Of Capital
Tuesday, 30 March 2021, 9:26 am | Commerce Commission
The Commerce Commission has today issued a letter to the telecommunications industry setting out its reasons for not reopening the fibre input methodology (IM) for cost of capital in light of the Covid-19 pandemic. The IMs are the upfront rules, requirements ... More >>
Commission Outlines Process For Review Of Telco Dispute Resolution Scheme
Monday, 29 March 2021, 9:02 am | Commerce Commission
The Commerce Commission has published two papers outlining the process for its review of the Telecommunications Dispute Resolution Scheme (TDRS). The Commission is required to review the TDRS every three years and to report on any recommendations for improving ... More >>
Commission Publishes Tools For Assessing 2020 Performance Of Local Electricity Lines Companies
Wednesday, 24 March 2021, 9:21 am | Commerce Commission
The Commerce Commission has today published performance information for regulated local lines companies for the year to 31 March 2020 as part of a suite of resources created to support the understanding of supplier performance. “Helping consumers, ... More >>
HP New Zealand Seeks Authorisation For Resale Price Maintenance In Relation To Its HP Online Stores
Monday, 22 March 2021, 5:24 pm | Commerce Commission
The Commerce Commission has received an application from HP New Zealand (HP) seeking authorisation to engage in resale price maintenance (RPM) in relation to its proposed arrangements for its HP online store and prospective HP online marketplace stores. ... More >>
Statement Of Issues Released For Can Plan/Nelmac Clearance Application
Monday, 22 March 2021, 11:59 am | Commerce Commission
The Commerce Commission has released a Statement of 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, which trades as Betta ... More >>
Commission Approves Transpower's $36 Million Electricity Investment For South Auckland
Friday, 19 March 2021, 8:47 am | Commerce Commission
The Commerce Commission has released its final decision allowing Transpower to invest $36 million to replace ageing infrastructure and cater for increasing electricity demand in South Auckland. Transpower, which owns and operates the national electricity ... More >>
First COVID-19 Lockdown Accelerated Data Usage Trends
Tuesday, 16 March 2021, 8:48 am | Commerce Commission
The Commerce Commission’s Annual Telecommunications Monitoring Report shows that the initial COVID-19 lockdown accelerated the growth in fixed broadband data with a 37% surge in usage. “Our 2020 monitoring repor t includes the first COVID-19 ... More >>
Plan B Group Warned Over Failure To Comply With Levy Requirements
Thursday, 11 March 2021, 9:03 am | Commerce Commission
The Commerce Commission has warned telecommunications company Plan B Group over its failure to meet statutory obligations to provide information needed to calculate the 2019/20 Telecommunications Development Levy (TDL). The government uses the annual ... More >>
Statement Of Preliminary Issues Released For Trade Me’s Application To Acquire Homes.co.nz
Wednesday, 10 March 2021, 6:27 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary 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 ... More >>
Commission Seeks Feedback On Future Of Regulated Telecommunication Services
Wednesday, 10 March 2021, 11:30 am | Commerce Commission
The Commerce Commission is seeking feedback on its draft decisions to retain regulation for three telecommunication services: number portability, fixed PSTN interconnection, and mobile co-location. “We are proposing to keep the regulatory backstop for these ... More >>
Lenders And Mobile Traders Must Be Certified To Operate From 1 October
Wednesday, 10 March 2021, 10:40 am | Commerce Commission
From 1 October 2021 lenders providing consumer credit and mobile traders selling on credit must be certified by the Commerce Commission or face penalties, unless they are licensed or registered by the Financial Markets Authority or Reserve Bank ... More >>
Telcos Step Up To Support Consumer Choice
Tuesday, 9 March 2021, 9:35 am | Commerce Commission
New Zealand’s three main mobile operators have agreed to provide more information and tools to support consumer choice. “Last year we challenged mobile operators to make it easier for consumers to compare and choose the best plan for them. Since ... More >>
Commission Seeks Feedback On Due Diligence Guidance
Friday, 5 March 2021, 3:26 pm | Commerce Commission
The Commerce Commission is seeking feedback on draft 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 ... More >>
