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Commerce Commission - Latest News [Page 40]
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 >>
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 >>
