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Commerce Commission - Latest News [Page 27]
Commission Warns EA Networks For $3.3 Million Price Path contravention And Accepts Enforceable Undertakings
Monday, 27 September 2021, 8:59 am | Commerce Commission
The Commerce Commission has accepted enforceable undertakings from electricity lines company EA Networks for contravening its regulated price path by approximately $52,000 in the 2020 assessment period and issued a warning to EA Networks for contravening ... More >>
Anytime NZ Limited Seeks Collaborative Activity Clearance For Agreements With Franchisees
Wednesday, 22 September 2021, 1:50 pm | Commerce Commission
The Commerce Commission has received an application from Anytime NZ Limited (Anytime NZ) seeking clearance under section 65A of the Commerce Act 1986 relating to proposed agreements with its franchisees. The applicant is the New Zealand master franchisee ... More >>
Owner Of Wakefield And Bowen Private Hospitals Seeks To Buy Pulse Health
Wednesday, 22 September 2021, 9:51 am | Commerce Commission
The Commerce Commission has received an application from Pacific 2021 Bidco NZ Limited (Pacific 2021) seeking clearance to acquire 100% of the shares in Pulse Health NZ Limited (Pulse) from Healthe Care Australia Pty Ltd (Healthe Care). Companies related ... More >>
Court dismisses Commerce Commission case against Bunnings
Tuesday, 21 September 2021, 9:25 am | Commerce Commission
The Commerce Commission’s case against Bunnings alleging misleading representations that it offered the lowest prices in the market has been dismissed by the Auckland District Court. The Commission alleged that Bunnings’ advertising at its stores ... More >>
Tegel Growers Association seeks collective bargaining
Friday, 17 September 2021, 9:06 am | Commerce Commission
The Commerce Commission has received an application from the New Zealand Tegel Growers Association Incorporated (TGA) seeking authorisation on behalf of its members to collectively negotiate the terms and conditions of its members’ supply of chicken ... More >>
Final report on its review of Fonterra’s base milk price
Wednesday, 15 September 2021, 8:35 am | Commerce Commission
The Commerce Commission has today released its final report on Fonterra’s calculation of the base milk price it will pay farmers in the 2020/21 dairy season. The Commission found that Fonterra’s forecast price of $7.45 - $7.65 per kilogram of milk solids ... More >>
Hot drink cup company warned for misleading recycling claims
Tuesday, 14 September 2021, 10:00 am | Commerce Commission
Glopac New Zealand Ltd, a paper packaging products company, has been warned by the Commerce Commission for making misleading claims about the ability to recycle its hot drink cups. Glopac represented its hot drink cups were recyclable, when in fact ... More >>
New transmission pricing methodology
Tuesday, 14 September 2021, 9:06 am | Commerce Commission
The Commerce Commission is seeking feedback on a proposal to allow Transpower to recover about $5 million spent so far developing a new transmission pricing methodology (TPM). More >>
Commission seeks views on improving telecoms retail service
Tuesday, 14 September 2021, 9:04 am | Commerce Commission
The Commerce Commission has released a discussion document calling for views on retail service quality issues in the telecommunications sector that it considers need improving. Improving Retail Service Quality – Draft Baseline Report draws ... More >>
Commission Approves Further Transpower Power Line Upgrade In South Auckland
Friday, 10 September 2021, 8:55 am | Commerce Commission
The Commerce Commission has given approval to Transpower, the operator of the national electricity grid, to spend $14.59 million in addition to the $36 million the Commission approved in March 2021 to upgrade its South Auckland network. The further $14.59 ... More >>
Statement Of Preliminary Issues Released On EROAD/Coretex Clearance Application
Thursday, 9 September 2021, 7:30 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to the clearance application from EROAD Limited seeking to acquire all of the shares in Coretex Limited. The statement outlines the key competition issues that the Commission ... More >>
The Safety Warehouse warned about “The Drop” event
Wednesday, 8 September 2021, 12:56 pm | Commerce Commission
Greenback Ecommerce Limited trading as The Safety Warehouse (TSW) has been warned by the Commerce Commission for engaging in conduct that it considers was liable to mislead and likely to have breached the Fair Trading Act in its promotion of “The ... More >>
Cargotec and Konecranes seek clearance to merge
Tuesday, 7 September 2021, 4:01 pm | Commerce Commission
The Commerce Commission has received an application from Cargotec Corporation (Cargotec) seeking clearance to acquire Konecranes Plc (Konecranes) as part of a global transaction. Both Cargotec and Konecranes supply a range of cargo and container handling equipment ... More >>
Kmart agrees to improve toy safety procedures
Friday, 3 September 2021, 11:01 am | Commerce Commission
Kmart has provided court enforceable undertakings to the Commerce Commission to improve its toy safety procedures, and in particular the test it applies when making age grading assessments for its home brand toys. More >>
Penalties imposed in container depot price fixing case
Friday, 3 September 2021, 9:41 am | Commerce Commission
The High Court has ordered Specialised Container Services (Christchurch) Limited (SCS Christchurch) and its director Grant Tregurtha to pay penalties in relation to an attempted price fix of “vehicle booking system” fees. The Commission filed ... More >>
Mainland Finance in $1.1m settlement with Commission
Wednesday, 1 September 2021, 10:55 am | Commerce Commission
Vehicle finance company Mainland Finance has entered into a settlement with the Commerce Commission acknowledging that it charged unreasonable credit and default fees and agreeing to compensate borrowers. More >>
HP NZ's application to engage in resale price maintenance
Wednesday, 1 September 2021, 8:41 am | Commerce Commission
The Commerce Commission has authorised HP New Zealand Limited (HP) to engage in resale price maintenance (RPM) in relation to its proposed HP online stores and HP online marketplace stores for a period of five years. More >>
Commission recommends improvements to dispute resolution
Monday, 30 August 2021, 8:30 am | Commerce Commission
The Commerce Commission has released for consultation a draft report recommending improvements to the Telecommunications Dispute Resolution Scheme (TDRS) so that it delivers better outcomes for consumers and industry. The recommendations are based ... More >>
Commission issues anti-collusion reminder to businesses
Friday, 27 August 2021, 11:25 am | Commerce Commission
The Commerce Commission is reminding all businesses supplying essential services in the current nationwide COVID-19 lockdown of their obligations under the Commerce Act. The Commission recognises that the impact of the COVID-19 outbreak is significant ... More >>
Online Lender Harmoney admits to charging unreasonable fees
Friday, 27 August 2021, 11:06 am | Commerce Commission
Harmoney Limited and Harmoney Investor Trustee Limited (together Harmoney) have entered into a settlement with the Commerce Commission, admitting that Harmoney’s platform fees were unreasonable, and agreeing to compensate borrowers. Since it started ... More >>
