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Commerce Commission - Latest News [Page 36]
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 >>
Feedback Sought On Approach To Determining Financial Loss Asset For New Fibre Regulatory Regime
Thursday, 13 August 2020, 8:43 am | Commerce Commission
The Commerce Commission is seeking feedback on its approach to determining the value of the financial loss asset for the new regulatory regime being developed for fibre service providers. The financial loss asset compensates Chorus and the local fibre ... More >>
Commission Releases Independent Reviews Into Security Incident, Details Action Taken
Wednesday, 5 August 2020, 10:53 am | Commerce Commission
The Commerce Commission has released two reviews into an October 2019 security incident and accepts all findings and recommendations. The security incident arose from the theft of computer equipment belonging to one of the Commission’s external providers ... More >>
Have Your Say On Aurora Energy’s Plan To Increase Prices To Fund Major Network Investment
Thursday, 30 July 2020, 8:28 am | Commerce Commission
The Commerce Commission is calling for feedback on the key issues it has identified during its initial assessment of Aurora Energy’s plan to make its electricity network safer and maintain reliability. Aurora supplies electricity to Dunedin, Central Otago ... More >>
Settlement Reached In Equine Air Freight Price-fixing Proceeding
Wednesday, 29 July 2020, 11:56 am | Commerce Commission
A settlement has been reached with the International Racehorse Transport New Zealand Partnership (IRT Partnership) in a price fixing case arising from an arrangement between IRT Partnership and its competitor for the provision of domestic and trans-Tasman ... More >>
MyRepublic Penalised For Failing To Meet Levy Requirements
Wednesday, 29 July 2020, 8:36 am | Commerce Commission
The Commerce Commission has penalised internet provider MyRepublic for breaching its statutory obligations under the Telecommunications Development Levy (TDL). The TDL is paid by larger telecommunications firms and is used by Government to pay for ... More >>
Commission Takes High Court Action Against Door-to-door Retailer Ace Marketing
Wednesday, 15 July 2020, 11:16 am | Commerce Commission
The Commerce Commission has filed High Court civil proceedings against door-to-door retailer Ace Marketing Limited (Ace), alleging a number of breaches of the Fair Trading Act 1986 (FT Act) and the Credit Contracts and Consumer Finance Act 2003 (CCCF Act). ... More >>
Court Of Appeal Issues Ruling In Case Regarding Harmoney’s Lending Model
Friday, 10 July 2020, 1:19 pm | Commerce Commission
The Court of Appeal has largely dismissed peer to peer lender Harmoney’s appeal against a High Court opinion on a question of law, and upheld the Commerce Commission’s cross appeal. Harmoney Limited was appealing the High Court’s May 2018 findings ... More >>
Statement Of Preliminary Issues Released For AJ Park’s Application To Acquire Baldwins
Friday, 10 July 2020, 9:55 am | Commerce Commission
The Commerce Commission has published a Statement of Preliminary Issues relating to an application from AJ Park IP Limited, in conjunction with AJ Park Law Limited (together, AJ Park), to acquire the assets of Baldwins Intellectual Property, Baldwin ... More >>
CC Grants Clearance For Elanco To Acquire Bayer’s Animal Health Business Subject To Divestment
Thursday, 9 July 2020, 3:29 pm | Commerce Commission
The Commerce Commission has granted clearance for Elanco to acquire Bayer’s animal health business, subject to a divestment undertaking requiring Elanco to divest three brands: Maggo, Zapp Encore, and Osurnia. Elanco applied to the Commission for clearance ... More >>
High Cost Lender Pretty Penny Quits NZ, Writes Off Loans In Commerce Commission Settlement
Wednesday, 8 July 2020, 10:33 am | Commerce Commission
Australian high-cost short-term lender Quadsaa Pty Limited (trading as Pretty Penny and PPL) has undertaken to write off all outstanding loan balances in a settlement agreement with the Commerce Commission. After indicating that Pretty Penny is no ... More >>
Commerce Commission Releases Guidelines On Environmental Claims
Tuesday, 7 July 2020, 3:43 pm | Commerce Commission
The Commerce Commission has released guidelines to help traders understand their obligations when making environmental claims, including how to avoid breaching the Fair Trading Act. The Commission recognises that consumers are increasingly considering ... More >>
High Cost Lender Ferratum Admits Responsible Lending Breaches
Tuesday, 30 June 2020, 10:03 am | Commerce Commission
High-cost lender Ferratum New Zealand Limited has admitted breaching responsible lending provisions of the Credit Contracts and Consumer Finance Act 2003 (CCCF Act). In a settlement with the Commerce Commission, Ferratum has also repaid the cost of ... More >>
Kitset Home Business Director Pleads Guilty To Breaching The Fair Trading Act
Thursday, 25 June 2020, 4:03 pm | Commerce Commission
Emma Gestro the director of now defunct Get Design and Sales Limited (Get Design) has pleaded guilty to three charges laid by The Commerce Commission for breaching the Fair Trading Act when taking payment for goods. The Commission alleged Emma Gestro ... More >>
Couple And Company Fined For False Or Misleading Fire Extinguisher Servicing Claims
Tuesday, 23 June 2020, 10:36 am | Commerce Commission
A fire extinguisher service company, its owner and his wife have been fined a total of $60,000 on Fair Trading Act charges and have undertaken that they will no longer participate in the fire extinguisher servicing industry, following a Commerce Commission ... More >>
