Commerce Commission - Latest News [Page 3]
ComCom Clocks 5G Wireless Speeds For The First Time
Tuesday, 25 June 2024, 8:38 am | Commerce Commission
The Commerce Commission has released its latest broadband monitoring report which shows, for the first time, performance results for Spark’s 5G wireless broadband service. More >>
Commission To Issue Statement Of Unresolved Issues On Proposed Foodstuffs Merger
Friday, 21 June 2024, 10:11 am | Commerce Commission
The Commerce Commission has decided to issue a Statement of Unresolved Issues for the application from Foodstuffs North Island Limited and Foodstuffs South Island Limited seeking clearance to merge. More >>
ComCom Files Proceedings Against Foodstuffs North Island For Blocking Rivals
Wednesday, 19 June 2024, 8:48 am | Commerce Commission
The Commerce Commission has filed proceedings in the Wellington High Court against Foodstuffs North Island, alleging that anti-competitive land covenants were lodged by the supermarket operator with the purpose of blocking competitors from opening ... More >>
Kiwibank Face Criminal Charges Following Issues That Cause Over $7m In Overcharges
Tuesday, 11 June 2024, 11:42 am | Commerce Commission
The Commerce Commission has filed criminal charges against Kiwibank Limited (Kiwibank), alleging systemic breaches of the Fair Trading Act. More >>
Delay In Dropping Petrol Prices Costing Kiwi Motorists $15m A Year At The Pump
Tuesday, 11 June 2024, 10:15 am | Commerce Commission
The Commerce Commission’s latest analysis of fuel monitoring data shows retailers are quick to put fuel prices up in response to increased costs, but slower to bring prices down when global oil prices fall or exchange rate changes reduce costs. More >>
Statement Of Unresolved Issues Released For AlphaTheta’s Proposed Acquisition Of Serato
Wednesday, 29 May 2024, 6:58 pm | Commerce Commission
The Statement of Unresolved Issues outlines the Commission’s provisional competition concerns with the proposed acquisition. The Statement of Unresolved Issues is not a final decision and does not mean that the Commission intends to decline or clear ... More >>
Commission Balances Necessary Investment In Electricity Networks Against Rising Consumer Prices
Wednesday, 29 May 2024, 9:34 am | Commerce Commission
The Commission is seeking feedback on its draft decisions which, if finalised, would mean approximately $15 extra per month on the average residential customer's electricity bill for the first year of the regulatory period, from 1 April 2025. More >>
ComCom Warns Bluebridge Over Ferry Cancellation And Delay Representations
Tuesday, 28 May 2024, 11:32 am | Commerce Commission
After receiving customer complaints , the Commerce Commission has issued a warning to Cook Straight ferry provider StraitNZ Bluebridge Limited, for potentially misrepresenting consumers rights to compensation when sailings were delayed or cancelled during 2023 ... More >>
Crackerjack Sentencing A Red Flag For Parents As Winter Sets In
Wednesday, 22 May 2024, 8:11 am | Commerce Commission
The Commerce Commission says the sentencing of a New Zealand retailer for breaching fire hazard labelling requirements should be a red flag for parents buying children’s nightwear this winter. More >>
Commission Extends Timeline For Foodstuffs Merger Application
Monday, 20 May 2024, 1:18 pm | Commerce Commission
A decision from the Commission, whether to clear the application or issue a Statement of Unresolved Issues, is now due on 21 June 2024. More >>
Statement Of Preliminary Issues Released For Evergreen’s Application To Acquire ACMNZ
Tuesday, 7 May 2024, 3:00 pm | Commerce Commission
The statement outlines the key issues that the Commission currently considers important in deciding whether or not to grant clearance or authorisation to the proposed acquisition. More >>
2degrees "Free Aussie Business Roaming" Claims Not Fair Dinkum, ComCom Says
Tuesday, 7 May 2024, 11:21 am | Commerce Commission
The Commerce Commission has filed eight charges under the Fair Trading Act against Two Degrees Mobile Limited (2degrees) for alleged misleading claims about their ‘free Aussie roaming’ for business mobile plans. More >>
Commission Grants Clearance For One NZ To Acquire Dense Air
Tuesday, 7 May 2024, 7:34 am | Commerce Commission
The Commerce Commission has granted clearance for One New Zealand Group Limited to acquire 100% of the shares in Dense Air New Zealand Limited from Dense Air Limited and SoftBank Corp. More >>
Legal Victory Over Viagogo An Important Win For Kiwi Consumers
Wednesday, 1 May 2024, 11:10 am | Commerce Commission
The Commerce Commission has achieved a hard-fought legal victory over global ticket reseller, Viagogo, after the company repeatedly mislead customers about its authenticity as an official ticket seller, its status as a resale platform, and the price, scarcity, ... More >>
Commission Grants Clearance For NZ Post To Acquire Certain Courier Business Assets Of PBT
Tuesday, 30 April 2024, 5:22 pm | Commerce Commission
The Commerce Commission has granted clearance for New Zealand Post Limited (NZ Post) to acquire PBT Group Limited’s (PBT) courier customer contracts. Central to the Commission’s decision was its assessment of the competitiveness of PBT absent the ... More >>
ComCom Shows The Way To Go For Fuel Savings – Unstaffed Stations
Tuesday, 30 April 2024, 8:42 am | Commerce Commission
The latest analysis of fuel monitoring data by the Commerce Commission shows genuine benefits for Kiwi motorists from unstaffed petrol stations in offering savings and bringing down prices. More >>
ComCom Secures Conviction Against Promoter Who Claimed They'd Be "One Of The Biggest Scammers In NZ
Tuesday, 23 April 2024, 8:41 am | Commerce Commission
The Commerce Commission is warning consumers about the risks and increasing sophistication of pyramid schemes, following the conviction of the lead New Zealand promoter of one of the biggest pyramid schemes the Commission has seen promoted in New Zealand. More >>
Rural New Zealanders Front-of-mind In Commission’s Copper Services Investigation
Monday, 22 April 2024, 8:35 am | Commerce Commission
Mr Gilbertson says the Commission’s monitoring shows that less than half of rural households outside fibre areas are served by copper – “Rural consumers are increasingly shifting off copper as demand for more robust connectivity and internet performance ... More >>
Commission Files Proceedings Against Industrial Cleaning Company And Director, Alleging Cartel Conduct
Thursday, 18 April 2024, 10:50 am | Commerce Commission
The Commerce Commission has filed proceedings under the Commerce Act against industrial cleaning company Canterbury Industrial Scrubbing Limited (CI Scrubbing) and its director, Daniel Jamieson, alleging that it engaged in cartel conduct with a competitor to ... More >>
Commission Focused On Ensuring Chorus Expenditure Benefits Consumers
Thursday, 18 April 2024, 10:27 am | Commerce Commission
The Commerce Commission is seeking feedback on its draft decision to set Chorus’ total expenditure allowance at $1.59 billion over the next four years – 16% or $302.6 million below the company’s proposed expenditure for the next regulatory ... More >>