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Commerce Commission - Latest News [Page 30]
Commissions Releases Guidelines On Approach To Authorisations After Law Change
Friday, 29 May 2020, 3:40 pm | Commerce Commission
The Commerce Commission has released guidelines on its approach to authorisation of some agreements as a result of temporary changes made to the Commerce Act under the COVID-19 Response (Further Management Measures) Legislation Act (COVID-19 Response ... More >>
Commission Issues Warning To Hong Kong Based Electronics Retailer
Thursday, 28 May 2020, 12:06 pm | Commerce Commission
Online electronics retailer BXT International Limited and its related companies (together known as Becextech) have been warned by the Commerce Commission for conduct that the Commission considers has likely breached the Fair Trading Act. The warning ... More >>
Dechra Granted Clearance To Acquire Osurnia From Elanco
Wednesday, 27 May 2020, 4:44 pm | Commerce Commission
The Commerce Commission has granted clearance to Dechra Pharmaceuticals PLC, Dechra Limited and Dechra Veterinary Products LLC to acquire the assets, rights and liabilities relating to Osurnia from Elanco Tiergesundheit AG. Osurnia is a treatment ... More >>
Whangarei Finance Company In $945K Settlement With Commission
Wednesday, 27 May 2020, 12:00 pm | Commerce Commission
Current and former borrowers of Whangarei-based finance company Profile Finance Limited will receive $945,334 in credits and refunds after Profile Finance signed a settlement agreement with the Commerce Commission. The Commission began investigating ... More >>
Investigation Opened Into Objectives’ Acquisition Of Master Business Systems
Tuesday, 26 May 2020, 3:02 pm | Commerce Commission
The Commerce Commission has opened an investigation into Objective Corporation Limited’s acquisition of Master Business Systems Limited (MBS). The Commission will consider whether the acquisition would be likely to substantially lessen competition in any ... More >>
Independent Tests Show NZ’s Broadband Performed Well During COVID-19 Lockdown
Thursday, 21 May 2020, 8:46 am | Commerce Commission
The Commerce Commission’s latest Measuring Broadband New Zealand report shows that on average, copper and fibre broadband connections experienced no significant decrease in download speeds during lockdown, despite unprecedented demand on broadband ... More >>
Feedback Wanted On Protections For Those That Chorus Wants To Move Off Copper And Broadband Services
Wednesday, 20 May 2020, 9:01 am | Commerce Commission
The Commerce Commission is seeking feedback on its draft ‘copper withdrawal code’. The code is intended to protect consumers that Chorus wants to move off its old copper network onto faster and more reliable technologies such as fibre networks. “By ... More >>
Commission Preparing To Assess Aurora's $400m Investment Plan & Associated Price Increases
Tuesday, 19 May 2020, 9:05 am | Commerce Commission
The Commerce Commission has published an introductory paper outlining its role ahead of electricity lines company Aurora Energy (Aurora) submitting its investment plan. Aurora, which supplies electricity to 90,000 homes, farms and businesses in Dunedin, ... More >>
Commission Reminds Retailers Of Their Obligations When Selling Online
Monday, 11 May 2020, 11:20 am | Commerce Commission
On the back of increases in online shopping in New Zealand in recent weeks, the Commerce Commission is reminding retailers of their obligations when they sell products online. The Commission has received a significant increase in consumer complaints ... More >>
Statement Of Issues Released For Elanco’s Application To Acquire Bayer’s Animal Health Business
Thursday, 7 May 2020, 6:04 pm | Commerce Commission
The Commerce Commission has published a statement of issues relating to an application from Elanco seeking clearance to acquire Bayer AG’s animal health business in New Zealand. The Statement of Issues outlines the Commission’s potential competition ... More >>
COVID-19: Commission Issues Guidance On Business Collaboration
Friday, 1 May 2020, 4:27 pm | Commerce Commission
The Commerce Commission has issued guidance on how it is assessing business collaborations that are being entered into in response to COVID-19. Commission Chair Anna Rawlings said the guidance aims to provide clarity and certainty for businesses as they navigate ... More >>
Statement Of Preliminary Issues Released For Dechra’s Application To Acquire Osurnia From Elanco
Thursday, 23 April 2020, 1:37 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Dechra Pharmaceuticals PLC, Dechra Limited and Dechra Veterinary Products LLC seeking clearance to acquire from Elanco Tiergesundheit AG its worldwide ... More >>
Commission Issues COVID-19 Advice For Lenders And Borrowers
Friday, 17 April 2020, 10:24 am | Commerce Commission
The Commerce Commission has issued new guidance for consumer lenders and borrowers to assist them during the COVID-19 pandemic. “The Commerce Commission appreciates the serious impact that COVID-19 is likely to have on lenders and borrowers. Lenders ... More >>
Commission Clearance For Cengage And McGraw-Hill To Merge NZ Publishing Arms
Wednesday, 15 April 2020, 2:55 pm | Commerce Commission
The Commerce Commission has granted clearance, insofar as it relates to New Zealand markets, for Cengage Learnings Holdings II, Inc. and McGraw-Hill Education, Inc. to merge their global publishing businesses. In reaching its decision, the Commission ... More >>
COVID-19: Commission Issues Guidance On Consumer Rights And Business Obligations
Wednesday, 15 April 2020, 10:25 am | Commerce Commission
The Commerce Commission has issued guidance for consumers and businesses to assist them in understanding what their rights and obligations are in relation to disruptions to travel, trading and events as a result of COVID-19. “In the last couple of weeks, ... More >>
Statement Of Issues Released For Verifone Smartpay Clearance Application
Friday, 10 April 2020, 6:40 am | Commerce Commission
The Commerce Commission has published a Statement of Issues relating to an application from Verifone New Zealand (Verifone) to acquire the assets used by Smartpay Holdings Limited (and its subsidiaries) to operate the Smartpay business in New Zealand (Smartpay) ... More >>
Supreme Court Upholds Commission Win In Hamilton Real Estate Cartel Case
Thursday, 2 April 2020, 2:24 pm | Commerce Commission
The Supreme Court has upheld a Court of Appeal judgment which found Hamilton-based Lodge Real Estate and Monarch Real Estate and their directors engaged in price-fixing in breach of the Commerce Act. “This is an important decision from the Supreme ... More >>
Commission Grants Clearance For T&G Application To Acquire Freshmax
Thursday, 2 April 2020, 9:56 am | Commerce Commission
The Commerce Commission has granted clearance for Turners & Growers Fresh Limited to acquire 100% of the shares in Freshmax NZ Limited. In reaching its decision, the Commission considered the potential impact of the proposed acquisition on competition ... More >>
Dechra Seeks Clearance To Acquire Osurina From Elanco
Wednesday, 1 April 2020, 2:44 pm | Commerce Commission
The Commission has received a clearance application from Dechra Pharmaceuticals PLC, Dechra Limited and Dechra Veterinary Products LLC seeking clearance to acquire from Elanco Tiergesundheit AG its worldwide assets, rights and liabilities relating ... More >>
Electricity Bills Expected To Reduce For Powerco And Wellington Electricity Consumers
Tuesday, 31 March 2020, 9:18 am | Commerce Commission
Electricity bills for consumers of two electricity lines companies in the North Island are expected to reduce from 1 April as a result of a downward adjustment to Powerco and Wellington Electricity’s allowable revenues. The reason for the amendment ... More >>
