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Commerce Commission - Latest News [Page 40]
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 >>
Bachcare convicted and fined for misleading online reviews
Friday, 20 December 2019, 10:01 am | Commerce Commission
Holiday rental management and accommodation company Bachcare has been fined $117,000 for misleading consumers by altering and withholding publication of online reviews posted by users of its accommodation services. More >>
PAK’nSAVE Mangere charged over alleged price discrepancies
Thursday, 19 December 2019, 11:14 am | Commerce Commission
Kennedy’s Foodcentre (2003) Limited trading as PAK’nSAVE Mangere faces twelve charges under the Fair Trading Act 1986 for alleged discrepancies between the promotional price displayed or advertised and the price charged at the till. More >>
Water filter developer fails to back up its claims
Thursday, 19 December 2019, 10:35 am | Commerce Commission
Kiwipure Limited has been found guilty of making unsubstantiated claims about the benefits and effectiveness of its magnetic water filtration system, in what was the first defended case in New Zealand against a trader accused of making unsubstantiated ... More >>
First areas identified for copper telco transition
Thursday, 19 December 2019, 8:49 am | Commerce Commission
The Commerce Commission has published an interactive map showing its initial assessment of locations where Chorus will eventually be able to stop providing copper services, such as landlines and ADSL or VDSL broadband, because fibre is available. More >>
Mylan N.V. and Upjohn Inc. seek clearance to merge
Wednesday, 18 December 2019, 4:31 pm | Commerce Commission
The Commerce Commission has received a clearance application from Mylan N.V. and Upjohn Inc. to merge their global pharmaceutical businesses. Upjohn is a wholly owned subsidiary of Pfizer Inc. More >>
Property Brokers to acquire Farmland’s real estate business
Wednesday, 18 December 2019, 12:24 pm | Commerce Commission
The Commerce Commission has granted clearance for Property Brokers Limited to acquire the West Coast real estate business and property management business of Farmlands Real Estate Limited and Farmlands Real Estate Property Management Limited (together ... More >>
Campervan renters to be refunded over “$0 liability” damage
Wednesday, 18 December 2019, 11:00 am | Commerce Commission
Campervan rental company Travellers Autobarn Limited will refund more than $40,000 to affected consumers and provide better information about options for customers to reduce their liability in the event of damage, after signing court enforceable ... More >>
Fibre 100 broadband plans deliver great internet experience
Tuesday, 17 December 2019, 8:34 am | Commerce Commission
The Commerce Commission’s latest Measuring Broadband New Zealand report, from independent testing partner SamKnows, shows that Fibre 100 broadband plans are offering high speeds and reliable internet performance across all tested providers and regions. More >>
Juice Technologies seeks clearance to acquire APT Childcare
Monday, 16 December 2019, 2:45 pm | Commerce Commission
The Commerce Commission has received a clearance application from Juice Technologies Pty Limited to acquire APT Business Solutions Limited, trading as APT Childcare. More >>
Clearance for Cardrona to acquire Treble Cone
Friday, 13 December 2019, 3:46 pm | Commerce Commission
The Commerce Commission has granted clearance for Cardrona Alpine Resort Limited to acquire either the shares of Treble Cone Investments Limited or the assets it uses to operate the Treble Cone ski field. More >>
Debt collector warned for likely harassment, coercion
Friday, 13 December 2019, 9:17 am | Commerce Commission
An account director of a debt collection company and the company have both been warned by the Commerce Commission over information given to debtors and for conduct which the Commission considers was likely to be harassment and/or coercion. More >>
CC releases final report on Fonterra’s Milk Price Manual
Thursday, 12 December 2019, 9:31 am | Commerce Commission
The Commerce Commission today released its final report on its annual review of Fonterra’s farm gate Milk Price Manual for the 2019/20 dairy season (Manual). The final report builds on our previous reviews of the Manual. More >>
Final decision on telco providers' levy contributions
Thursday, 12 December 2019, 8:39 am | Commerce Commission
The Commerce Commission has released its final decision on how much 16 telecommunications providers will each pay towards the Government’s $50 million Telecommunications Development Levy (TDL) for 2018/19. It has also issued a consultation document on ... More >>
Hamilton finance company warned over car loan, repossession
Tuesday, 10 December 2019, 1:52 pm | Commerce Commission
The Commerce Commission has warned Hamilton-based WeCare Finance Limited that, in the Commission’s view, it likely breached the lender responsibility principles of the Credit Contracts and Consumer Finance Act 2003 (CCCFA) by failing to make ... More >>
