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Commerce Commission - Latest News [Page 44]
Budget Loans fined $720K for “cynical” repossession tactics
Wednesday, 30 May 2018, 4:25 pm | Commerce Commission
Finance companies Budget Loans Limited and Evolution Finance Limited (together Budget Loans) have been fined $720,000 in the Auckland District Court, on 125 charges under the Fair Trading Act. More >>
Wanted: 3,000 volunteers to improve broadband information
Wednesday, 30 May 2018, 12:12 pm | Commerce Commission
The Commerce Commission is seeking 3,000 households to be part of a nationwide programme to monitor and improve New Zealand’s broadband performance. More >>
Apple warned for misleading consumers about their rights
Wednesday, 30 May 2018, 10:32 am | Commerce Commission
The Commission has warned Apple Sales New Zealand (Apple) after it likely misled consumers about their Consumer Guarantees Act (CGA) rights and about its replacement products being new. More >>
NZSALE pleads guilty over children’s nightwear labelling
Monday, 28 May 2018, 12:30 pm | Commerce Commission
Online retailer NZ Sale Limited has pleaded guilty to four charges laid by the Commerce Commission for failing to comply with the product safety standard for children’s nightwear. More >>
Authorisation application from Infant Nutrition Council
Friday, 25 May 2018, 9:03 am | Commerce Commission
The Commerce Commission has received an application from the Infant Nutrition Council Limited (INC) seeking authorisation for an arrangement allowing the INC to restrict its members from marketing formula products for children aged up to 12 months. More >>
$52,500 fine for selling non-protective safety jacket
Tuesday, 15 May 2018, 10:24 am | Commerce Commission
A protective clothing company has been fined $52,500 for selling a safety jacket that did not have the claimed protection against electrical burns. More >>
Reminder to businesses about ‘Made in New Zealand’ claims
Monday, 14 May 2018, 10:56 am | Commerce Commission
The Commerce Commission is reminding all businesses that any ‘Made in New Zealand’ claims they make about their products must be accurate, able to be substantiated and must not mislead consumers about the country of origin. More >>
Additional scrutiny of Transpower's price-quality path
Friday, 11 May 2018, 11:33 am | Commerce Commission
An independent verifier has been appointed to scrutinise key components of Transpower’s proposal for its price-quality path for the 5 years from 2020 ahead of it being submitted to the Commerce Commission for approval. More >>
Guides to help businesses avoid unfair contract terms
Wednesday, 9 May 2018, 11:37 am | Commerce Commission
The Commerce Commission has launched a new series of videos and quick guides targeted at businesses to help them avoid unfair contract terms in their standard form consumer contracts. More >>
ComCom on emerging technology in lines companies
Wednesday, 9 May 2018, 9:08 am | Commerce Commission
The Commerce Commission has written an open letter outlining its intention to gather information from regulated electricity distributors to better understand how they are planning, investing and accounting for emerging technologies. More >>
Biggest truck shop fine so far
Monday, 30 April 2018, 10:30 am | Commerce Commission
In the biggest fine so far handed down against a mobile trader, Mobile Shop Limited (Mobile Shop) has been fined $330,000 for breaches of consumer laws. The sentence brings the total fines handed down in 13 Commerce Commission prosecutions of mobile ... More >>
Feedback wanted on funding for future fibre regulation
Monday, 30 April 2018, 9:02 am | Commerce Commission
The Commerce Commission is seeking feedback from the telecommunications sector on the funding for its plan to implement new regulation for fibre networks. More >>
Study to improve understanding of fibre services
Friday, 27 April 2018, 9:32 am | Commerce Commission
The Commerce Commission has launched a study of fibre services, to help it prepare for future regulation of fibre networks. More >>
Charges filed against Noel Leeming
Friday, 27 April 2018, 9:30 am | Commerce Commission
The Commerce Commission has laid nine charges against retailer Noel Leeming Group Limited (Noel Leeming), for alleged misrepresentations about consumers’ rights under the Consumer Guarantees Act (CGA). More >>
First sentence handed down in steel mesh investigation
Thursday, 26 April 2018, 3:44 pm | Commerce Commission
Timber King Limited and NZ Steel Distributor Limited (NZSD) have been fined $400,950 for making false and misleading representations relating to their steel mesh products which are used to strengthen buildings. More >>
Commission files proceedings against Nelson pharmacy
Thursday, 26 April 2018, 1:15 pm | Commerce Commission
The Commerce Commission has filed civil proceedings in the Nelson High Court against Prices Pharmacy 2011 Limited and its directors for alleged price-fixing. More >>
Commission concerned about Auckland Airport's profits
Thursday, 26 April 2018, 9:37 am | Commerce Commission
Commission concerned Auckland Airport's profits may be too high The Commerce Commission is concerned Auckland International Airport’s profits may be too high over the period 1 July 2017 to 30 June 2022. More >>
Statement of Preliminary Issues released for Ingenico/Paymar
Monday, 23 April 2018, 11:49 am | Commerce Commission
The Commerce Commission has published a Statement of Preliminary Issues relating to an application by Ingenico Group SA (Ingenico) to acquire 100% of the shares in Paymark Limited (Paymark). More >>
Ingenico seeks clearance to acquire Paymark
Friday, 20 April 2018, 4:18 pm | Commerce Commission
The Commerce Commission has received a clearance application from Ingenico Group SA (Ingenico) to acquire 100% of the shares in Paymark Limited (Paymark). More >>
Competition concerns in office products market
Thursday, 19 April 2018, 10:11 am | Commerce Commission
Platinum Equity LLC (Platinum) has agreed to divest Winc NZ Limited (Winc) to address the Commerce Commission’s competition concerns regarding Platinum’s acquisition of OfficeMax Holdings Limited (OfficeMax). More >>
