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Commerce Commission - Latest News [Page 3]
Case Highlights Need To Play It Safe Ahead Of The Festive Season
Thursday, 14 December 2023, 1:41 pm | Commerce Commission
As the festive season approaches, the Commerce Commission is encouraging shoppers to be mindful of safety when purchasing toys for young children. This follows a recent case where the Waitakere District Court imposed a fine of $38,500 on Geneva Distributors ... More >>
Telcos Need To Improve Transparency On Pricing And Coverage Says ComCom
Thursday, 14 December 2023, 9:14 am | Commerce Commission
New draft Guidelines issued by the Commerce Commission would require telecommunications providers to be more transparent about their prices and coverage so that Kiwi consumers can make better comparisons and choices. Telecommunications Commissioner, ... More >>
St John Seeks Clearance To Acquire Securely’s Medical Alarm And Monitoring Business
Wednesday, 13 December 2023, 3:29 pm | Commerce Commission
The Commerce Commission has received a clearance application from The Priory in New Zealand of the Most Venerable Order of the Hospital of St John of Jerusalem (St John) to acquire certain assets from Electra Services Limited, which trades as Securely. ... More >>
Supermarkets Encouraged To Come To The Party This Holiday Season With Genuinely Good Prices
Wednesday, 13 December 2023, 11:34 am | Commerce Commission
New Zealand’s Grocery Commissioner is challenging supermarkets to step up and offer meaningful savings for Kiwi households this Christmas and New Year holiday season, to help address cost-of-living pressures. Given large increases in food prices ... More >>
Commission Strengthens Regulatory Foundations To Support Future Infrastructure Investment
Wednesday, 13 December 2023, 11:27 am | Commerce Commission
The Commerce Commission today released its final decisions on its Input Methodologies Review, updating the key regulatory rules for electricity lines, gas pipelines, and airports in New Zealand. Commissioner Vhari McWha says the rules are fundamental ... More >>
Commission Files Criminal Charges Against Construction Companies And Directors In First Criminal Cartel Prosecution
Tuesday, 12 December 2023, 10:53 am | Commerce Commission
The Commerce Commission has filed criminal charges against two construction companies and two directors for alleged bid rigging of publicly funded construction contracts, in the country’s first-ever criminal prosecution for cartel conduct. The charges ... More >>
Statement Of Preliminary Issues Released For NZ Post’s Application To Acquire Certain Courier Business Assets Of PBT
Friday, 8 December 2023, 10:08 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from New Zealand Post Limited seeking clearance for it, or any interconnected body corporate, to acquire certain courier business assets of PBT ... More >>
Stakeholder Views Wanted On Fibre (UFB) Deregulation Framework
Thursday, 7 December 2023, 9:23 am | Commerce Commission
The Commerce Commission is seeking stakeholder views on the framework it should use to assess whether there are reasonable grounds to investigate the deregulation of fibre (UFB) services. Telecommunications Commissioner, Tristan Gilbertson, says ... More >>
Commission Finalises Telco Development Levy
Wednesday, 6 December 2023, 10:06 am | Commerce Commission
The Commerce Commission has today released its final decision on the allocation of payments for the Government’s $11.25 million Telecommunications Development Levy (TDL) for 2022/23. Under the Telecommunications Act, the Commerce Commission ... More >>
Court Increases NZME Fine To $195,000 In Puzzle Toy Prosecution
Friday, 1 December 2023, 9:23 am | Commerce Commission
The Commerce Commission has successfully argued the original fine imposed on NZME Advisory Limited (NZME) was “manifestly inadequate” and did not appropriately reflect the presence of harm – with the High Court increasing the penalty to $195,000, ... More >>
Statement Of Preliminary Issues Released For Farmlands’ Proposed Acquisition Of Seales Winslow
Friday, 24 November 2023, 1:17 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Farmlands Co-operative Society Limited seeking clearance to acquire 100% of the shares of Seales Winslow Limited. The statement outlines the ... More >>
NZ Post Seeks Clearance To Acquire Courier Business Assets Of PBT Couriers
Tuesday, 21 November 2023, 4:32 pm | Commerce Commission
The Commerce Commission has received an application from New Zealand Post Limited (NZ Post) seeking clearance for it, or any interconnected body corporate, to acquire certain courier business assets of PBT Group Limited (PBT). Specifically, NZ Post ... More >>
Commission Sees Consumer Benefit In Transpower’s Proposed $393m Spend On The Grid, But Questions Timing Of HVDC Upgrade
Thursday, 16 November 2023, 9:41 am | Commerce Commission
The Commerce Commission has issued its draft decision approving Transpower’s proposed $392.9 million investment in the electricity transmission grid based on the benefit to Kiwi electricity consumers. Transpower’s proposal, known as Net-Zero Grid Pathways ... More >>
Commission Invites Views On Chorus’ Proposed $2 Billion Investment
Thursday, 16 November 2023, 9:39 am | Commerce Commission
The Commerce Commission is consulting on Chorus’ proposal to spend $2.1 billion between 2025-2028 – the second period of the new fibre regulatory regime. Telecommunications Commissioner, Tristan Gilbertson, says the Commission’s focus is on ensuring Chorus ... More >>
Statement of Preliminary Issues released for One NZ’s application to acquire Dense Air
Wednesday, 15 November 2023, 7:41 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from One New Zealand Group Limited seeking clearance to acquire 100% of the shares in Dense Air New Zealand Limited from Dense Air Limited and SoftBank ... More >>
Commission Grants Clearance For Sealord’s Proposed Acquisition Of Independent Fisheries
Monday, 13 November 2023, 9:16 pm | Commerce Commission
The Commerce Commission has granted clearance for Sealord Group Limited to acquire the fishing business of Independent Fisheries. In reaching its decision, the Commission considered the potential impact of the proposed acquisition on competition in the ... More >>
Statement Of Preliminary Issues Released For Kingspan’s Proposed Acquisition Of Conqueror
Monday, 13 November 2023, 5:48 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Kingspan Limited seeking clearance to acquire the insulated panel and insulation boards business of Conqueror New Zealand Limited. The statement ... More >>
Farmlands Co-operative Society Seeks Clearance To Acquire Seales Winslow
Thursday, 9 November 2023, 3:15 pm | Commerce Commission
The Commerce Commission has received an application from Farmlands Co-operative Society Limited seeking clearance to acquire 100% of the shares of Seales Winslow Limited. Both parties manufacture and distribute animal nutrition products, including ... More >>
Consumer And Economic Regulatory Authorities Form Network To Promote Well-functioning Markets In The Pacific
Monday, 6 November 2023, 3:11 pm | Commerce Commission
The Commerce Commission has joined competition, consumer protection, and economic regulators from across the Pacific to share intelligence, investigative techniques, and best practice in a newly formed initiative - the Pacific Island Network of Competition ... More >>
One NZ Seeks Clearance To Acquire Dense Air
Friday, 3 November 2023, 8:52 am | Commerce Commission
The Commerce Commission has received an application from One New Zealand Group Limited seeking clearance to acquire 100% of the shares in Dense Air New Zealand Limited from Dense Air Limited and SoftBank Corp. One NZ is one of New Zealand’s largest ... More >>
