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Commerce Commission - Latest News [Page 32]
HP New Zealand Seeks Authorisation For Resale Price Maintenance In Relation To Its HP Online Stores
Monday, 22 March 2021, 5:24 pm | Commerce Commission
The Commerce Commission has received an application from HP New Zealand (HP) seeking authorisation to engage in resale price maintenance (RPM) in relation to its proposed arrangements for its HP online store and prospective HP online marketplace stores. ... More >>
Statement Of Issues Released For Can Plan/Nelmac Clearance Application
Monday, 22 March 2021, 11:59 am | Commerce Commission
The Commerce Commission has released a Statement of 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, which trades as Betta ... More >>
Commission Approves Transpower's $36 Million Electricity Investment For South Auckland
Friday, 19 March 2021, 8:47 am | Commerce Commission
The Commerce Commission has released its final decision allowing Transpower to invest $36 million to replace ageing infrastructure and cater for increasing electricity demand in South Auckland. Transpower, which owns and operates the national electricity ... More >>
First COVID-19 Lockdown Accelerated Data Usage Trends
Tuesday, 16 March 2021, 8:48 am | Commerce Commission
The Commerce Commission’s Annual Telecommunications Monitoring Report shows that the initial COVID-19 lockdown accelerated the growth in fixed broadband data with a 37% surge in usage. “Our 2020 monitoring repor t includes the first COVID-19 ... More >>
Plan B Group Warned Over Failure To Comply With Levy Requirements
Thursday, 11 March 2021, 9:03 am | Commerce Commission
The Commerce Commission has warned telecommunications company Plan B Group over its failure to meet statutory obligations to provide information needed to calculate the 2019/20 Telecommunications Development Levy (TDL). The government uses the annual ... More >>
Statement Of Preliminary Issues Released For Trade Me’s Application To Acquire Homes.co.nz
Wednesday, 10 March 2021, 6:27 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary 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 ... More >>
Commission Seeks Feedback On Future Of Regulated Telecommunication Services
Wednesday, 10 March 2021, 11:30 am | Commerce Commission
The Commerce Commission is seeking feedback on its draft decisions to retain regulation for three telecommunication services: number portability, fixed PSTN interconnection, and mobile co-location. “We are proposing to keep the regulatory backstop for these ... More >>
Lenders And Mobile Traders Must Be Certified To Operate From 1 October
Wednesday, 10 March 2021, 10:40 am | Commerce Commission
From 1 October 2021 lenders providing consumer credit and mobile traders selling on credit must be certified by the Commerce Commission or face penalties, unless they are licensed or registered by the Financial Markets Authority or Reserve Bank ... More >>
Telcos Step Up To Support Consumer Choice
Tuesday, 9 March 2021, 9:35 am | Commerce Commission
New Zealand’s three main mobile operators have agreed to provide more information and tools to support consumer choice. “Last year we challenged mobile operators to make it easier for consumers to compare and choose the best plan for them. Since ... More >>
Commission Seeks Feedback On Due Diligence Guidance
Friday, 5 March 2021, 3:26 pm | Commerce Commission
The Commerce Commission is seeking feedback on draft 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 ... More >>
Surveys Launched To Help Suppliers And Consumers Inform Grocery Market Study
Thursday, 4 March 2021, 8:38 am | Commerce Commission
The Commerce Commission is calling on suppliers of grocery stores and consumers to take part in online surveys to help inform its market study into the grocery sector. The year-long study looks at whether competition in the grocery sector is working ... More >>
Online Lender Moola In $2.8m Settlement With Commission Over Fees
Wednesday, 3 March 2021, 10:11 am | Commerce Commission
High cost short term lender Moola.co.nz Limited (trading as Moola) has agreed a settlement with the Commerce Commission where it is required to credit or refund approximately $2.8 million to current and former borrowers, after acknowledging the ... More >>
Statement Of Preliminary Issues Released For Application To Increase Shareholdings In Lowe Joint Ventures
Friday, 26 February 2021, 4:41 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary 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. ... More >>
$400,000 Fine For "carefully Crafted" Home Funding Group Scheme
Thursday, 25 February 2021, 9:57 am | Commerce Commission
A company which falsely claimed to offer a savings scheme to assist low-income families buy a home has been fined $400,000 following a Commerce Commission investigation. In a formal proof hearing in the Auckland District Court on 12 January, Home Funding ... More >>
Auckland Council Warned Over Lending Failures
Wednesday, 24 February 2021, 10:47 am | Commerce Commission
Auckland Council has been warned by the Commerce Commission for potential breaches of the Credit Contracts and Consumer Finance Act (CCCF Act) in relation to its Retrofit Your Home Programme (RYH Programme). Auckland Council reported the matter to the ... More >>
Trade Me Seeks Clearance To Acquire homes.co.nz
Thursday, 18 February 2021, 7:03 pm | Commerce Commission
The Commerce Commission has received a clearance application from Trade Me Limited seeking clearance to acquire 100% of the shares or assets of PropertyNZ Limited, which owns and operates the homes.co.nz website. Trade Me owns and operates an online ... More >>
Consultation Open On Chorus’ Proposal To Spend $1.6 Billion During First Period Of New Fibre Regulatory Regime
Friday, 12 February 2021, 8:28 am | Commerce Commission
The Commerce Commission is consulting on Chorus’ proposal to spend $1.6 billion over the first three years of the new fibre regulatory regime. Under the new regime, Chorus will be subject to price-quality regulation. This means the Commission sets ... More >>
Taranaki By-Products Seeks Clearance To Increase Shareholdings In Lowe Joint Ventures
Thursday, 11 February 2021, 3:56 pm | Commerce Commission
The Commerce Commission has received a clearance application from Taranaki By-Products Limited for it, or a related company, to increase shareholdings in three joint ventures with Lowe Corporation. It is proposed that: • Taranaki By-Products will acquire ... More >>
Unison Networks Issued With Compliance Advice After Contravening Quality Standards
Wednesday, 10 February 2021, 9:02 am | Commerce Commission
The Commerce Commission has issued a compliance advice letter to power lines company Unison Networks for contravening its network quality standards through an excessive level of power outages in 2017 and 2018. Unison owns and operates the poles, lines ... More >>
Horizon Energy Warned For Failing To Meet Good Industry Practice On Lines Network
Wednesday, 10 February 2021, 8:58 am | Commerce Commission
The Commerce Commission has warned power lines company Horizon Energy for contravening its network quality standards through an excessive level of power outages in the 2017 and 2018 years. Horizon owns and operates the poles, lines and other equipment ... More >>
