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Commerce Commission - Latest News [Page 35]
Statement Of Preliminary Issues Released For NEP Acquisition Of Sky’s Outside Broadcasting Assets
Tuesday, 13 October 2020, 5:29 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from NEP Broadcast Services New Zealand Limited seeking clearance to acquire from Sky Network Television Limited the assets of its outside broadcasting ... More >>
Commission Releases Rules To Safeguard Consumers Of Fibre Broadband
Tuesday, 13 October 2020, 8:44 am | Commerce Commission
The Commerce Commission has today published its first set of final decisions on the input methodologies that will apply to fibre fixed line access services. “Our input methodologies are designed to incentivise fibre providers to innovate, invest, ... More >>
$75,000 Fine For Heat Pump Servicing Company
Thursday, 8 October 2020, 10:02 am | Commerce Commission
Heat pump servicing company Ocean Contracting Limited has been fined $75,000 for making false or misleading representations to 10 customers in Otago and Southland, following a Commerce Commission investigation. The company earlier pleaded guilty ... More >>
Commission Confirms To Monitoring And Enforcing Non-discrimination And Equivalence Obligations
Wednesday, 30 September 2020, 8:50 am | Commerce Commission
Commission confirms its approach to monitoring and enforcing non-discrimination and equivalence obligations. The Commerce Commission has today released guidance about how it will monitor and enforce obligations on telecommunication network operators ... More >>
NEP Seeks Clearance To Acquire Sky’s Outside Broadcasting Assets
Monday, 28 September 2020, 10:43 am | Commerce Commission
The Commerce Commission has received a clearance application from NEP Broadcast Services New Zealand Limited to acquire from Sky Network Television Limited the assets of its outside broadcasting business, Outside Broadcasting Limited. In New Zealand, ... More >>
Draft Decision To Reduce Wellington Electricity’s Allowable Revenue
Friday, 25 September 2020, 8:47 am | Commerce Commission
The Commerce Commission has released a draft decision on how it proposes to move Wellington Electricity Lines Limited from a customised price-quality path (CPP) to a default price-quality path from 1 April 2021. More >>
Kiwibank Admits System Failures And Agrees To Pay Customers $5.2 Million
Thursday, 24 September 2020, 10:05 am | Commerce Commission
Kiwibank has entered into a settlement agreement with the Commerce Commission after reporting that it failed to have in place robust home loan variation disclosure policies, procedures and systems. In a settlement dated 27 August 2020, Kiwibank admitted that ... More >>
More Toy Safety Fines - Judge Says “substantially Higher Penalties” Justified
Wednesday, 23 September 2020, 10:26 am | Commerce Commission
Two importers have been fined a total of $118,000 on toy safety charges, and a District Court Judge has said that “substantially higher penalties” are justified in such cases. SDL Trading Limited was fined $64,000 in the Auckland District Court. It was ... More >>
Commission Approves Transpower’s $143m Voltage Stability Project In Waikato And Upper North Island
Wednesday, 23 September 2020, 8:47 am | Commerce Commission
The Commerce Commission has approved Transpower’s proposal to recover up to $143 million of investment to manage voltage stability in the Waikato and Upper North Island region. Transpower submitted a major capital expenditure proposal to the Commission ... More >>
Mobile Operators Should Improve Consumer Choice Through Easier Comparisons
Thursday, 17 September 2020, 9:24 am | Commerce Commission
The Commerce Commission has told New Zealand’s three mobile network operators that they should provide more meaningful comparison information and guard against overspending by mobile phone consumers. The Commission today published the open letter ... More >>
Commission Clears Proposed Heyden/Henergy/Rasmusens Egg Merger
Wednesday, 16 September 2020, 5:05 pm | Commerce Commission
The Commerce Commission has granted clearance to Heyden Farms Limited, Henergy Cage-Free Limited and Rasmusens Poultry Farms Limited to merge their respective egg production operations. In reaching its decision, the Commission considered the potential impact ... More >>
Commission Releases Final Report On Fonterra’s Milk Price
Tuesday, 15 September 2020, 9:00 am | Commerce Commission
The Commerce Commission has today released its final report on Fonterra’s base milk price calculation for the 2019/20 dairy season. The base milk price is the average price Fonterra sets for raw milk supplied by farmers, which is currently forecast ... More >>
Proposed Approach To Fibre Regulation Released
Tuesday, 15 September 2020, 8:42 am | Commerce Commission
The Commerce Commission has today released its first paper for fibre price-quality and information disclosure regulation. This paper sets out the proposed process and approach to regulating telecommunications companies that provide fibre access services ... More >>
Hamilton Real Estate Agencies To Pay $4 Million For Price Fixing
Thursday, 10 September 2020, 9:35 am | Commerce Commission
The Auckland High Court has ordered Hamilton-based Lodge Real Estate Limited (Lodge) to pay $2.1 million and Monarch Real Estate Limited (Monarch) to pay $1.9 million for engaging in price-fixing in breach of the Commerce Act. The Court’s penalty ... More >>
Commission Grants Clearance For Mylan And Upjohn To Merge Subject To A Divestment
Thursday, 10 September 2020, 9:14 am | Commerce Commission
The Commerce Commission has granted clearance for Mylan N.V. and Upjohn Inc. (a wholly owned subsidiary of Pfizer Inc) to merge their global pharmaceutical businesses. The clearance is subject to a divestment of certain assets. In New Zealand, both ... More >>
Statement Of Preliminary Issues Released For Pact/Flight Clearance Application
Friday, 4 September 2020, 10:58 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Pact Group Holdings Limited (Pact) to acquire the assets and business of Flight Plastics Limited in New Zealand and the packaging-related assets ... More >>
Commission Clears AJ Park’s Acquisition Of Baldwins
Thursday, 3 September 2020, 11:29 am | Commerce Commission
The Commerce Commission has granted clearance for AJ Park IP Limited, in conjunction with AJ Park Law Limited (together, AJ Park), to acquire the assets of Baldwins Intellectual Property, Baldwin Holdings Limited, Baldwins Intellectual Property Limited and Baldwins ... More >>
Commission Clears AJ Park’s Acquisition Of Baldwins
Thursday, 3 September 2020, 11:24 am | Commerce Commission
The Commerce Commission has granted clearance for AJ Park IP Limited, in conjunction with AJ Park Law Limited (together, AJ Park), to acquire the assets of Baldwins Intellectual Property, Baldwin Holdings Limited, Baldwins Intellectual Property Limited and Baldwins ... More >>
Commerce Commission Signs Multilateral Framework Enhancing International Cooperation
Thursday, 3 September 2020, 8:30 am | Commerce Commission
Commerce Commission signs multilateral framework enhancing international cooperation on competition enforcement The Commerce Commission has signed a multilateral assistance and co-operation framework to enhance international cooperation on competition enforcement ... More >>
Mobile Termination Access Services to remain regulated
Wednesday, 2 September 2020, 9:36 am | Commerce Commission
