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Commerce Commission - Latest News [Page 29]
Are Media Limited Seeks Clearance To Acquire Ovato Retail Distribution NZ Limited
Tuesday, 20 July 2021, 9:03 am | Commerce Commission
The Commerce Commission has received a clearance application from 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 ... More >>
Commission Engages With Fuel Industry Ahead Of New Regulatory Requirements
Friday, 9 July 2021, 8:49 am | Commerce Commission
The Commerce Commission has today released an open letter to the fuel industry outlining the Commission’s role and expectations of fuel businesses ahead of a new regulatory regime taking effect on 11 August 2021. The letter comes after the Ministry of Business, ... More >>
Statement Of Unresolved Issues Released For Trade Me’s Application To Acquire Homes.co.nz
Wednesday, 30 June 2021, 9:13 am | Commerce Commission
The Commerce Commission has released a Statement of Unresolved 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 ... More >>
Commission Clears Overlap In Roofing Tiles
Tuesday, 29 June 2021, 5:39 pm | Commerce Commission
The Commerce Commission has granted clearance to IKO Industries Limited to acquire all of the shares of Ross Roof Group Limited. IKO and Ross Roof both supply steel roof tiles that are predominantly used on residential houses and are better known ... More >>
Euro Corporation Fined $361,000 In Last Steel Mesh Case
Friday, 25 June 2021, 10:54 am | Commerce Commission
Euro Corporation Limited (Euro) has been fined $361,000 for making false or misleading and unsubstantiated representations relating to its earthquake grade steel mesh products, known as SE615. Auckland District Court Judge M-E Sharp sentenced Euro on 14 charges ... More >>
Statement Of Preliminary Issues Released On IKO/Ross Roof Clearance Application
Friday, 18 June 2021, 8:46 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to the application from IKO Industries Limited seeking to acquire all of the shares of Ross Roof Group Limited. The statement outlines the key competition issues that ... More >>
ASB To Repay Customers Nearly $9million Following Commission Warning
Thursday, 17 June 2021, 9:22 am | Commerce Commission
The Commerce Commission has warned ASB Bank Limited (ASB) over likely responsible lending failures which resulted in borrowers being overcharged Early Repayment Adjustment (ERA) fees. The Commission has warned ASB that in the Commission’s view the bank ... More >>
Concrete Group Subsidiary Cleared To Acquire Drymix
Wednesday, 9 June 2021, 4:15 pm | Commerce Commission
The Commerce Commission has granted clearance to Dunlop Drymix Limited, a subsidiary of the Concrete Group Limited, to acquire the assets and business of six companies that collectively trade in New Zealand as Drymix. Each of the Drymix companies were ... More >>
Statement Of Issues Released For ASSA ABLOY NZ Limited / NZ Fire Doors Limited Clearance Application
Tuesday, 8 June 2021, 3:39 pm | Commerce Commission
The Commerce Commission has published a statement of 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 Assa Abloy NZ and NZFD manufacture ... More >>
Commission Finalises Due Diligence Guidance For Consumer Credit Providers
Wednesday, 2 June 2021, 9:06 am | Commerce Commission
The Commerce Commission has finalised its 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 lenders, including mobile ... More >>
Statement Of Unresolved Issues Released For Can Plan/Nelmac Clearance Application
Monday, 31 May 2021, 1:36 pm | Commerce Commission
The Commerce Commission has released a Statement of Unresolved 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, ... More >>
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 >>
