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Commerce Commission - Latest News [Page 36]
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
Investigation Opened Into Acquisition Of Wallace's North Island Rendering Assets
Wednesday, 26 August 2020, 3:53 pm | Commerce Commission
The Commerce Commission has opened an investigation into the acquisition of the North Island animal rendering assets of Wallace Group GP Limited (Wallace) by interests associated with Glenninburg Holdings Limited (Glenninburg). The Commission will consider ... More >>
Pact Group Seeks Clearance To Acquire Packaging Assets Of Flight Plastics
Tuesday, 25 August 2020, 7:03 pm | Commerce Commission
The Commerce Commission has received a clearance 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 of Flight Extruded Plastics LP in Adelaide ... More >>
Kitset Home Business Director Fined $80,000 For Breaching The Fair Trading Act
Monday, 24 August 2020, 10:30 am | Commerce Commission
Emma Gestro, the director of now defunct Get Design and Sales Limited (Get Design), has been fined $80,000 for breaching the Fair Trading Act by taking payment for goods not delivered. Ms Gestro, also known as Emma McCulloch, pleaded guilty to breaching ... More >>
Latest Broadband Tests Reveal 10% Drop In Performance Of High-speed Fibre Plans
Friday, 21 August 2020, 9:18 am | Commerce Commission
The Commerce Commission’s latest Measuring Broadband New Zealand report, from independent testing partner SamKnows, reveals a 10% drop in the peak time broadband speeds of high-speed Fibre Max plans since the last report. “While Fibre Max plans ... More >>
Statement Of Preliminary Issues Released For Proposed Heyden/Henergy/Rasmusens Merger
Monday, 17 August 2020, 11:49 am | Commerce Commission
The Commerce Commission has published a Statement of Preliminary Issues relating to an application from Heyden Farms Limited, Henergy Cage-Free Limited and Rasmusens Poultry Farms Limited, seeking clearance to merge their respective egg production ... More >>
Commission Releases Draft Report On Fonterra's Milk Price
Monday, 17 August 2020, 8:50 am | Commerce Commission
The Commerce Commission has today released its draft 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 >>
