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Commerce Commission - Latest News [Page 28]
Commission grants clearance for Are Media Limited to acquire Ovato Retail Distribution NZ Limited
Thursday, 26 August 2021, 9:15 am | Commerce Commission
The Commission has granted clearance for 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 (together, Are ... More >>
Latest broadband performance report confirms similar speeds between North and South Islands on Fibre Max plans
Thursday, 26 August 2021, 9:08 am | Commerce Commission
The latest report from the Commerce Commission’s Measuring Broadband New Zealand programme has been released, confirming similar speeds for Fibre Max plans across the country, with only slightly slower speeds for consumers in the South Island. ... More >>
EROAD Seeks Clearance To Acquire Coretex
Tuesday, 24 August 2021, 8:28 pm | Commerce Commission
The Commerce Commission has received a clearance application from EROAD Limited (EROAD) to acquire all of the shares in Coretex Limited (Coretex). EROAD and Coretex both provide vehicle telematics solutions to customers in New Zealand, as well as ... More >>
Chorus’ Fibre Network Valued At $5.427b
Thursday, 19 August 2021, 9:11 am | Commerce Commission
The Commerce Commission has released for consultation a draft view on the value of Chorus’ fibre network for regulatory purposes. The value of the network – or Chorus’ initial regulatory asset base (RAB) – is a key building block in determining ... More >>
Statement Of Preliminary Issues Released On Mercury’s Application To Acquire Trustpower’s Retail Business
Tuesday, 17 August 2021, 7:08 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to the clearance application from Mercury NZ Limited seeking to acquire Trustpower Limited’s retail business. The statement outlines the key competition issues that ... More >>
Commission publishes draft conclusion on base milk price
Monday, 16 August 2021, 8:26 am | Commerce Commission
The Commerce Commission has today released a draft report concluding that Fonterra’s calculation of the base milk price it will pay farmers in the 2020/21 dairy season is consistent with the requirements of the milk price monitoring regime under the ... More >>
New Regulatory Regime To Promote Fuel Market Competition Starts Tomorrow
Tuesday, 10 August 2021, 9:16 am | Commerce Commission
A new regulatory regime designed to enhance competition in New Zealand’s fuel markets comes into effect tomorrow (11 August 2021). The Commerce Commission has a monitoring and enforcement role under the Fuel Industry Act 2020, key parts of ... More >>
Statement Of Preliminary Issues Released For Are Media Limited / Ovato Retail Distribution NZ Ltd Clearance Application
Friday, 6 August 2021, 8:14 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Are Media Limited seeking clearance to acquire 100% of the shares in Ovato Retail Distribution NZ Limited (ORD NZ). Are Media Limited publishes ... More >>
Commerce Commission Issues Draft Determination On HP New Zealand’s Application To Engage In Resale Price Maintenance
Friday, 6 August 2021, 9:14 am | Commerce Commission
The Commerce Commission has reached a preliminary view that it should allow 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. On 22 March 2021, HP ... More >>
Commission Grants Clearance For Trade Me’s Acquisition Of Homes.co.nz
Thursday, 5 August 2021, 7:42 pm | Commerce Commission
The Commission has granted Trade Me Limited (Trade Me) clearance to acquire PropertyNZ Limited. Trade Me Property is the largest online residential listings platform in New Zealand. PropertyNZ Limited owns and operates the homes.co.nz website (Homes). ... More >>
Mercury Seeks Clearance To Acquire Trustpower’s Retail Business
Wednesday, 4 August 2021, 8:21 pm | Commerce Commission
The Commerce Commission has received a clearance application from Mercury NZ Limited seeking to acquire Trustpower Limited’s retail business. Mercury and Trustpower both generate and sell electricity and are two of the five ‘gentailers’ that ... More >>
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 >>
