Scoop has an Ethical Paywall
Scoop InfoPages
This InfoPage in unregistered, if this is your news page register Commerce Commission for InfoPages here.
Commerce Commission - Latest News [Page 39]
Feedback Wanted On Draft Protections For Consumers Who Rely On Home Phones To Contact 111
Wednesday, 11 March 2020, 9:10 am | Commerce Commission
The Commerce Commission is seeking feedback on a code to protect consumers who are at particular risk of needing to contact emergency services and only have access to a home phone to do so. The 111 contact code has been drafted to support home phone ... More >>
HSBC Warned Over Disclosure Failures
Tuesday, 10 March 2020, 10:00 am | Commerce Commission
The Commerce Commission has issued a warning to The Hongkong and Shanghai Banking Corporation Limited (HSBC) over its failure to comply with the information disclosure requirements of the Credit Contracts and Consumer Finance Act 2003 (CCCFA). HSBC ... More >>
Commission Grants Clearance For Juice Technologies To Acquire APT
Thursday, 5 March 2020, 2:58 pm | Commerce Commission
The Commerce Commission has granted clearance for Juice Technologies Pty Limited (operating in New Zealand as Infocare Systems Limited) to acquire APT Business Solutions Limited (trading as APT Childcare). In reaching its decision, the Commission considered ... More >>
Viagogo Confirms Website Changes And Accepts Jurisdiction Of NZ Courts
Thursday, 5 March 2020, 2:15 pm | Commerce Commission
The Commerce Commission will no longer seek an interim injunction against online event ticket seller Viagogo, after Viagogo made changes to its website and gave undertakings to the Court that it would not undo those changes. Viagogo has also now submitted ... More >>
Proposal To Amend Powerco And Wellington Electricity’s Customised Price-quality Paths
Thursday, 5 March 2020, 9:16 am | Commerce Commission
The Commerce Commission is proposing to amend the 2018 customised price-quality paths (CPPs) for electricity lines companies Powerco and Wellington Electricity so their cost of capital is aligned with the rest of the country’s regulated electricity ... More >>
Contact Energy Fined $245,000 For Misleading Fuel Discount Promotion
Wednesday, 4 March 2020, 5:08 pm | Commerce Commission
Energy retail company Contact Energy Limited has been fined $245,000 in the Wellington District Court for misleading customers in an advertising promotion. Contact pleaded guilty and was convicted on seven charges under the Fair Trading Act 1986 relating ... More >>
Commission Welcomes High Court Judgment In Dairy Judicial Review
Wednesday, 4 March 2020, 4:59 pm | Commerce Commission
The Commerce Commission has welcomed a High Court judgment, published today, which dismisses a judicial review challenge by Open Country Dairy Limited (OCD) to the Commission’s report into Fonterra’s base milk price calculation for 2017/18. ... More >>
Draft Guidance Released On Commission’s Approach To Unbundled Fibre
Wednesday, 4 March 2020, 9:31 am | Commerce Commission
The Commerce Commission Has Released Draft Guidance To Help The Telecommunications Industry Understand Its Approach To Monitoring And Enforcing Obligations On Chorus And The Other Local Fibre Companies (LFCs) To Allow Retailers Access To Unbundled ... More >>
Commission Obtains A Further $29.4 Million For ANZ Customers After Responsible Lending Breach
Monday, 2 March 2020, 1:22 pm | Commerce Commission
ANZ Bank New Zealand Limited (ANZ) has signed a settlement agreement with the Commerce Commission admitting a breach of its responsible lending obligations, and has also agreed to pay customers a further $29.4 million. In the Commission’s first completed ... More >>
Statement Of Preliminary Issues Released For T&G Application To Acquire Freshmax
Friday, 21 February 2020, 9:44 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Turners & Growers Fresh Limited to acquire 100% of the shares in Freshmax NZ Limited. The statement outlines the key competition issues ... More >>
Elanco’s Application To Acquire Bayer’s Animal Health Business
Thursday, 20 February 2020, 3:14 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Elanco to acquire Bayer AG’s animal health business in New Zealand. The statement outlines the key competition issues that the Commission considers ... More >>
More Toy Safety Fines And Prosecutions
Thursday, 20 February 2020, 11:09 am | Commerce Commission
Another toy supply company has been fined for supplying unsafe toys and four more companies are before the Courts on toy safety charges following Commerce Commission investigations. Cinevan International Limited was fined $81,000 in the Auckland District ... More >>
Commission Seeking Feedback On ‘fit And Proper’ Criteria
Thursday, 20 February 2020, 10:01 am | Commerce Commission
The Commerce Commission is seeking feedback on the proposed criteria it will use to assess whether a lender is ‘fit and proper’ as part of a new certification regime being introduced under changes to the Credit Contracts and Consumer Finance ... More >>
Budget Loans’ Allan And Wayne Hawkins Banned From Company Management
Wednesday, 19 February 2020, 3:23 pm | Commerce Commission
Management banning orders have been issued against father-and-son Allan and Wayne Hawkins, following an application by the Commerce Commission. The Commission sought the bans under s46C of the Fair Trading Act 1986 (FT Act) following the pair’s ... More >>
Elanco Seeks Clearance To Acquire Bayer's Animal Health Business
Friday, 14 February 2020, 1:42 pm | Commerce Commission
The Commerce Commission has received a clearance application from Elanco Animal Health Inc. seeking clearance to acquire Bayer AG’s animal health business. Elanco is a US-based global animal healthcare company that develops, manufactures and distributes ... More >>
Vodafone Warned For Failing To Apply Credits And Likely Misleading Customers
Thursday, 13 February 2020, 2:13 pm | Commerce Commission
Vodafone New Zealand has been warned by the Commerce Commission for misleading consumers about account credits. Vodafone has also been warned for representations made in a loyalty discount promotion that were likely misleading. Despite telling customers, ... More >>
Telcos Fined $121,500 For Billing Customers After Contracts Finished
Thursday, 13 February 2020, 1:24 pm | Commerce Commission
Retail telecommunications providers CallPlus Services Limited (trading as Slingshot), Flip Services Limited and Orcon Limited have been fined a total of $121,500 for making false representations in invoices they sent to their customers. The companies pleaded ... More >>
Water Filter Developer Fined $162,000 For Failing To Back Up Its Claims
Wednesday, 12 February 2020, 6:56 pm | Commerce Commission
Kiwipure Limited has been fined $162,000 for making unsubstantiated claims about the benefits and effectiveness of its magnetic water filtration system. It was the first defended case in New Zealand against a trader accused of making unsubstantiated ... More >>
Statement Of Preliminary Issues Released For Verifone Application To Acquire Smartpay
Tuesday, 11 February 2020, 3:21 pm | Commerce Commission
11 February 2020 The Commerce Commission has published a statement of preliminary issues relating to an application from Verifone New Zealand to acquire the assets used by Smartpay Holdings Limited (and its subsidiaries) to operate the Smartpay ... More >>
T&G Seeks Clearance To Acquire Freshmax
Tuesday, 11 February 2020, 2:32 pm | Commerce Commission
11 February 2020 The Commerce Commission has received a clearance application from Turners & Growers Fresh Limited (T&G) to acquire 100% of the shares in Freshmax NZ Limited (Freshmax). T&G and Freshmax are both involved in ... More >>
