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Commerce Commission - Latest News [Page 3]
Statement Of Preliminary Issues Released For Contact’s Proposed Acquisition Of Manawa
Wednesday, 23 October 2024, 8:37 pm | Commerce Commission
The Commission invites interested parties to provide comments on the likely competitive effects of the proposed acquisition. More >>
ComCom Strengthens Broadband Marketing Guidelines To Boost Consumer Choice
Tuesday, 15 October 2024, 9:07 am | Commerce Commission
Telecommunications Commissioner, Tristan Gilbertson, says the review shows a positive response from industry and an improvement in broadband marketing conduct across the board – particularly for Kiwis coming off copper, where complaints have dropped ... More >>
Commission Grants Clearance For Evergreen To Acquire ACM
Tuesday, 8 October 2024, 1:56 pm | Commerce Commission
Chair Dr John Small said the Commission was satisfied that the acquisition is unlikely to substantially lessen competition in any New Zealand market. More >>
Contact Seeks Clearance To Acquire Manawa
Tuesday, 1 October 2024, 1:45 pm | Commerce Commission
Manawa generates electricity from 25 hydro schemes and one thermal power station, located across New Zealand. More >>
Commerce Commission Declines Clearance For The Proposed Foodstuffs Merger
Tuesday, 1 October 2024, 1:38 pm | Commerce Commission
Chair Dr John Small said that the Commission was not satisfied that the proposed merger would not have the effect of substantially lessening competition in multiple acquisition and retail markets. More >>
Commerce Commission Raises The Alarm Over Potentially Dangerous Children’s Toy
Thursday, 19 September 2024, 9:05 am | Commerce Commission
The Warehouse has issued a voluntary recall for the product, and the Commission strongly encourages any consumers who have any of the “Roo Crew Take-Apart Vehicle Toys” to return them to The Warehouse for a full refund. More >>
ComCom Alleges Jetstar Misled Consumers About Compensation For Flight Delays And Cancellations
Wednesday, 18 September 2024, 9:31 am | Commerce Commission
ComCom GM Competition, Fair Trading, and Credit, Vanessa Horne, says Kiwi consumers have rights under aviation law, and the Commission believes Jetstar’s communications likely discouraged consumers from seeking compensation they were entitled to, and ... More >>
Statement Of Preliminary Issues Released For Elgas’ Proposed Acquisition Of Vector’s LPG Assets And Liquigas Shares
Monday, 16 September 2024, 2:05 am | Commerce Commission
The statement outlines the key competition issues that the Commission considers important in deciding whether or not to grant clearance to the proposed acquisition. More >>
ComCom Pushes Telcos For Better Mobile Coverage Information With ‘Exit Right’
Sunday, 15 September 2024, 11:15 pm | Commerce Commission
The Commerce Commission is requiring mobile network operators to make it easier for Kiwi consumers to compare coverage between providers, and to exit without penalty if they run into coverage problems. More >>
Grocery Report Paints A “Concerning Picture” – ComCom Moves To Unlock Extra Powers
Sunday, 15 September 2024, 10:56 pm | Commerce Commission
With the first Annual Grocery Report showing no meaningful improvement in competition, the Commerce Commission is moving to unlock extra regulatory powers – with a concerted focus on the things that will make a positive difference for consumers and nurture ... More >>
Court Confirms TSB Charged Over $3 Million In “Unreasonable” Fees
Friday, 13 September 2024, 9:54 pm | Commerce Commission
Ms Callinan says, in the Commission’s view, TSB’s breaches were serious given the large number of customers affected, the level of harm from overpaid fees, and the extensive duration of the breaches. More >>
Court Confirms TSB Charged Over $3 Million In “Unreasonable” Fees
Tuesday, 27 August 2024, 3:34 pm | Commerce Commission
The Commerce Commission has concluded legal action against TSB (TSB Bank Limited) and secured a $2.47 million penalty from the bank for historic breaches of the Credit Contracts and Consumer Finance Act (CCCFA). More >>
ComCom Says Too Early To Look At Deregulation Of Fibre Services
Tuesday, 27 August 2024, 8:43 am | Commerce Commission
The Commerce Commission is seeking feedback on its draft decision that it is too early to investigate the deregulation of fibre (UFB – Ultra Fast Broadband) services. More >>
Elgas Seeks Clearance To Acquire Vector’s LPG Assets And Liquigas Shares
Monday, 26 August 2024, 4:32 pm | Commerce Commission
The Commerce Commission has received an application from Elgas Limited to acquire 60.25% of the shares in Liquigas Limited from Vector Investment Holdings Limited, as well as the assets of On Gas Limited from Vector Limited. Both Elgas and Vector ... More >>
Dairy Company Guilty Of Making False Claims Of “100% Pure New Zealand” On Products From India
Monday, 26 August 2024, 8:38 am | Commerce Commission
Hamilton-based dairy company, Milkio Foods Limited has been fined $420,000 for misleading customers about the origin of some of their dairy products with claims like “100% Pure New Zealand” despite importing the core ingredient from India. More >>
Commission Cuts Excess Expenditure And Keeps Chorus Focused On Delivering For Consumers
Thursday, 22 August 2024, 12:25 pm | Commerce Commission
The Commerce Commission has today issued its final decision to approve $1.722 billion expenditure by Chorus over the next four years (2025-2028) – but disallow $172.6 million that would have flowed through to price increases for consumers. More >>
A Stronger Kiwibank And Open Banking Could Shake Up NZ Banking Sector
Tuesday, 20 August 2024, 1:12 pm | Commerce Commission
The Commerce Commission’s Final Report into competition in the personal banking sector points to the potential of a stronger Kiwibank as a disruptor to the four major retail banks, and open banking as a “game-changer”, unlocking competition ... More >>
Commerce Commission Authorises Payments New Zealand To Further Develop Its Open Banking Framework
Tuesday, 20 August 2024, 9:19 am | Commerce Commission
The Commission may authorise an arrangement if, despite any potential detriment from the arrangement, the arrangement will likely result in a benefit to the public. More >>
Kiwis Likely Losing “Tens Of Millions Of Dollars A Year” From Supermarket Pricing Errors
Thursday, 15 August 2024, 6:29 pm | Commerce Commission
Mr van Heerden says the responsibility for fixing the issues sits squarely with the senior management of Foodstuffs and Woolworths NZ, and the Commission had sought a commitment from the Chief Executives of each of the three companies. More >>
Telco Report And New Interactive Map Show Competition Heating Up In Rural Broadband
Thursday, 15 August 2024, 8:43 am | Commerce Commission
The Commerce Commission’s latest Annual Telecommunications Monitoring Report released today highlights an increasingly competitive broadband market in rural New Zealand – illustrated by a new interactive map revealing detailed coverage and connection ... More >>
