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]
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Draft Guidance Released On Commission’s Approach To Unbundled Fibre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The Commerce Commission Has Released Draft Guidance To Help The Telecommunications Industry Understand Its Approach To Monitoring And Enforcing Obligations On Chorus And The Other Local Fibre Companies (LFCs) To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 >>
Westpac Admits Disclosure Breach And Agrees To Pay Customers $3.7 Million
Tuesday, 11 February 2020, 11:06 am | Commerce Commission
Westpac New Zealand Limited (Westpac) has signed a settlement agreement with the Commerce Commission admitting it breached the Credit Contracts and Consumer Finance Act 2003, and has also agreed to make payments to customers totalling $3.7 million. ... More >>
Statement of issues released for the Cengage/McGraw-Hill mer
Tuesday, 4 February 2020, 12:26 pm | Commerce Commission
The Commerce Commission has published a Statement of Issues relating to an application from Cengage Learning Holdings II, Inc. and McGraw-Hill Education, Inc. seeking clearance to merge their global publishing businesses. In New Zealand both parties supply textbooks ... More >>
Verifone seeks clearance to acquire Smartpay
Monday, 3 February 2020, 8:49 pm | Commerce Commission
The Commerce Commission has received a clearance application from Verifone New Zealand to acquire the assets used by Smartpay Holdings Limited and its subsidiaries to operate the Smartpay business in New Zealand. More >>
Online retailer Container Door fined $54K over unsafe bikes
Tuesday, 21 January 2020, 12:11 pm | Commerce Commission
Online retailer Container Door fined $54K over unsafe bikes Online retailer Container Door Limited has been fined $54,000 for supplying unsafe pedal bicycles, following a Commerce Commission investigation. More >>
Issues released for Mylan N.V./Upjohn Inc. clearance
Tuesday, 14 January 2020, 1:52 pm | Commerce Commission
Statement of Preliminary Issues released for Mylan N.V./Upjohn Inc. clearance application The Commerce Commission has published a statement of preliminary issues relating to a clearance application from Mylan N.V. (Mylan) and Upjohn Inc. (Upjohn), which ... More >>
Statement of Preliminary Issues released for Infocare/APT
Wednesday, 8 January 2020, 3:13 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application by Juice Technologies Pty Limited seeking clearance to acquire APT Business Solutions Limited, trading as APT Childcare. Juice Technologies operates ... More >>
