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Commerce Commission - Latest News [Page 27]
Commission Finalises Emergency Calling Protections For Consumers In Power Cuts
Tuesday, 17 November 2020, 9:20 am | Commerce Commission
The Commerce Commission has finalised its 111 Contact Code to protect consumers who rely on their home phones to contact 111 emergency services in a power cut. The code supports consumers who can no longer call 111 in a power cut because they have ... More >>
COVID-19 Brings Record Level Of Travel-related Complaints To Commerce Commission
Thursday, 5 November 2020, 9:24 am | Commerce Commission
The impact of COVID-19 has seen a record level of travel-related complaints to the Commerce Commission in the 2019/20 year. The Commission has released its Complaints Snapshot for 2019/20 which shows that total complaints received by the Commission ... More >>
Commission Completes Input Methodologies By Finalising Approach To Valuing Fibre Providers’ Financial Loss
Tuesday, 3 November 2020, 8:28 am | Commerce Commission
The Commerce Commission has released its final decision on its approach to determining the value of the financial loss asset for fibre service providers under the new fibre regulatory regime. The financial loss asset captures the unrecovered returns of Chorus ... More >>
Statement Of Preliminary Issues Released For Aon/Willis Towers Watson
Friday, 30 October 2020, 10:15 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Aon plc seeking clearance to acquire Willis Towers Watson Public Limited Company as part of a global transaction. The statement outlines the ... More >>
Commerce Commission Moves To Address Rising Telecommunications Sector Complaints
Thursday, 29 October 2020, 8:28 am | Commerce Commission
The Commerce Commission is asking for views on what telecommunications providers could be doing better to address increasing complaints about the sector. The number of consumer complaints is an indicator of consumer experience and, over the past ... More >>
PAK’nSAVE Mangere Fined $78,000 For Price Discrepancies
Wednesday, 28 October 2020, 9:56 am | Commerce Commission
Kennedy’s Foodcentre (2003) Limited trading as PAK’nSAVE Mangere has been fined $78,000 for discrepancies between the promotional price displayed or advertised and the price charged at the till. It had earlier pleaded guilty to six charges of making ... More >>
Draft Decision On Allocation Of $10 Million Telecommunications Development Levy
Thursday, 22 October 2020, 8:56 am | Commerce Commission
The Commerce Commission has today released its draft determination on the allocation of payments for the Government’s $10 million Telecommunications Development Levy (TDL) for 2019/20. The TDL is paid by providers earning more than $10 million per ... More >>
Wilson Parking Agrees To Divest Car Parks In Settlement Agreement With Commerce Commission
Wednesday, 21 October 2020, 1:53 pm | Commerce Commission
Wilson Parking New Zealand Limited (Wilson Parking) has agreed to divest the leases of three car parking facilities it currently operates in central Wellington, in a settlement agreement with the Commerce Commission. In June 2016, Wilson Parking New ... More >>
Aon Seeks Clearance To Acquire Willis Towers
Friday, 16 October 2020, 3:51 pm | Commerce Commission
The Commerce Commission has received a clearance application from Aon plc to acquire all the shares of Willis Towers Watson Public Limited Company as part of a global transaction. Aon and Willis Towers Watson are both publicly traded, global professional ... More >>
Commission Consults On Draft Report On Fonterra’s 2020/21 Milk Price Manual
Thursday, 15 October 2020, 8:29 am | Commerce Commission
The Commerce Commission today released its draft report on its annual review of Fonterra’s Farmgate Milk Price Manual for the 2020/21 dairy season. This year’s review focused on the changes Fonterra has made to the Manual. These include amending ... More >>
Statement Of Preliminary Issues Released For NEP Acquisition Of Sky’s Outside Broadcasting Assets
Tuesday, 13 October 2020, 5:29 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from NEP Broadcast Services New Zealand Limited seeking clearance to acquire from Sky Network Television Limited the assets of its outside broadcasting ... More >>
Commission Releases Rules To Safeguard Consumers Of Fibre Broadband
Tuesday, 13 October 2020, 8:44 am | Commerce Commission
The Commerce Commission has today published its first set of final decisions on the input methodologies that will apply to fibre fixed line access services. “Our input methodologies are designed to incentivise fibre providers to innovate, invest, ... More >>
$75,000 Fine For Heat Pump Servicing Company
Thursday, 8 October 2020, 10:02 am | Commerce Commission
Heat pump servicing company Ocean Contracting Limited has been fined $75,000 for making false or misleading representations to 10 customers in Otago and Southland, following a Commerce Commission investigation. The company earlier pleaded guilty ... More >>
Commission Confirms To Monitoring And Enforcing Non-discrimination And Equivalence Obligations
Wednesday, 30 September 2020, 8:50 am | Commerce Commission
Commission confirms its approach to monitoring and enforcing non-discrimination and equivalence obligations. The Commerce Commission has today released guidance about how it will monitor and enforce obligations on telecommunication network operators ... More >>
NEP Seeks Clearance To Acquire Sky’s Outside Broadcasting Assets
Monday, 28 September 2020, 10:43 am | Commerce Commission
The Commerce Commission has received a clearance application from NEP Broadcast Services New Zealand Limited to acquire from Sky Network Television Limited the assets of its outside broadcasting business, Outside Broadcasting Limited. In New Zealand, ... More >>
Draft Decision To Reduce Wellington Electricity’s Allowable Revenue
Friday, 25 September 2020, 8:47 am | Commerce Commission
The Commerce Commission has released a draft decision on how it proposes to move Wellington Electricity Lines Limited from a customised price-quality path (CPP) to a default price-quality path from 1 April 2021. More >>
Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million
Thursday, 24 September 2020, 10:05 am | Commerce Commission
Kiwibank has entered into a settlement agreement with the Commerce Commission after reporting that it failed to have in place robust home loan variation disclosure policies, procedures and systems. In a settlement dated 27 August 2020, Kiwibank admitted that ... More >>
More Toy Safety Fines - Judge Says “substantially Higher Penalties” Justified
Wednesday, 23 September 2020, 10:26 am | Commerce Commission
Two importers have been fined a total of $118,000 on toy safety charges, and a District Court Judge has said that “substantially higher penalties” are justified in such cases. SDL Trading Limited was fined $64,000 in the Auckland District Court. It was ... More >>
Commission Approves Transpower’s $143m Voltage Stability Project In Waikato And Upper North Island
Wednesday, 23 September 2020, 8:47 am | Commerce Commission
The Commerce Commission has approved Transpower’s proposal to recover up to $143 million of investment to manage voltage stability in the Waikato and Upper North Island region. Transpower submitted a major capital expenditure proposal to the Commission ... More >>
Mobile Operators Should Improve Consumer Choice Through Easier Comparisons
Thursday, 17 September 2020, 9:24 am | Commerce Commission
The Commerce Commission has told New Zealand’s three mobile network operators that they should provide more meaningful comparison information and guard against overspending by mobile phone consumers. The Commission today published the open letter ... More >>
