Commerce Commission - Latest News [Page 48]
Siemens seeks clearance to combinewith Alstom
Friday, 26 October 2018, 3:48 pm | Commerce Commission
The Commerce Commission has received a clearance application from Siemens A.G. to combine its rail mobility business with Alstom S.A. More >>
WORLD accepts breach of inaccurate NZ made labelling law
Friday, 26 October 2018, 10:57 am | Commerce Commission
Designer and retailer WORLD has entered into enforceable undertakings with the Commerce Commission after accepting the Commission’s view that labelling on some imported clothing was liable to mislead consumers about the place of origin of the clothing. More >>
Draft decision on contributions to $50 million levy
Friday, 26 October 2018, 9:46 am | Commerce Commission
The Commerce Commission today released its draft determination on how much 17 telecommunications providers will each pay towards the Government’s $50 million Telecommunications Development Levy (TDL) for 2017/18. More >>
Setting Transpower’s price-quality path
Thursday, 25 October 2018, 9:11 am | Commerce Commission
The Commerce Commission is seeking early views on its proposed process, framework and approach for setting national grid operator Transpower’s next price-quality path. More >>
Steel & Tube fined $1.885 million for misrepresentations
Wednesday, 24 October 2018, 2:39 pm | Commerce Commission
Steel & Tube Holdings Limited (Steel & Tube) has been fined a record $1.885 million for breaching the Fair Trading Act by making false and misleading representations about its steel mesh products which are used in construction to provide strength ... More >>
HRV fined over water filter claims
Tuesday, 23 October 2018, 12:30 pm | Commerce Commission
HRV Clean Water Limited (HRV) has been fined $440,000 after pleading guilty to making unsubstantiated claims about the benefits of its water filters and for making misleading claims about the quality of New Zealand’s home water supply. The fine was issued ... More >>
Commission opens investigation into wool scouring
Thursday, 18 October 2018, 12:20 pm | Commerce Commission
The Commerce Commission has opened an investigation into David Ferrier’s acquisition through a holding company of a 70% equity interest in wool scourer Cavalier Wool Holdings Limited. More >>
Debt collection industry on notice about misleading tactics
Thursday, 18 October 2018, 10:31 am | Commerce Commission
The Commission is reminding debt collectors of their legal obligation to avoid misrepresenting consumers’ rights, as it warns one business about its conduct. More >>
Car dealership and owner fined for CGA misrepresentations
Wednesday, 17 October 2018, 12:30 pm | Commerce Commission
An Auckland car dealership and its owner have been fined a total of $12,000 on 16 charges under the Fair Trading Act. More >>
Commerce Commission closes investigation into acquisition
Monday, 15 October 2018, 9:53 am | Commerce Commission
The Commerce Commission has closed its investigation into Fulton Hogan’s acquisition of Stevenson Group Limited’s construction materials business as its concerns with the transaction have been addressed. More >>
Commission releases draft report on Fonterra’s Milk Manual
Monday, 15 October 2018, 9:23 am | Commerce Commission
Commission releases draft report on Fonterra’s 2018/19 Milk Price Manual The Commerce Commission today released its draft report on its annual review of Fonterra’s Milk Price Manual for the 2018/19 dairy season. More >>
Statement of Preliminary Issues for DLF/PGW Seeds merger
Thursday, 11 October 2018, 10:43 am | Commerce Commission
Statement of Preliminary Issues released for DLF/PGW Seeds merger The Commerce Commission has published a statement of preliminary issues relating to the proposed acquisition of PGG Wrightson Seeds Holdings Limited by DLF Seeds A/S. More >>
Transpower’s Wellington conductor replacement approved
Wednesday, 10 October 2018, 2:22 pm | Commerce Commission
The Commerce Commission has formally approved $23.5 million for Transpower to replace the conductors (overhead wires) and strengthen the structures of a 9.5km section of its high voltage direct current (HVDC) transmission network in Wellington. More >>
Commission warning on responsible lending requirements
Wednesday, 10 October 2018, 1:19 pm | Commerce Commission
The Commerce Commission has issued a warning to Rapid Loans NZ Limited (Rapid Loans) about a loan it issued to a vulnerable borrower. More >>
Electricity lines companies disclose their investments
Wednesday, 10 October 2018, 10:04 am | Commerce Commission
The Commerce Commission has released information on the type and level of investment lines companies are making in emerging technologies. More >>
Commission files proceedings against Vector
Wednesday, 10 October 2018, 9:09 am | Commerce Commission
The Commerce Commission will today file civil proceedings in the High Court at Auckland seeking financial penalties against electricity lines company Vector for breaching its network quality standards. More >>
DLF Seeds seeks clearance to acquire PGG Wrightson’s seeds
Tuesday, 2 October 2018, 11:52 am | Commerce Commission
The Commerce Commission has received a clearance application from DLF Seeds A/S to acquire 100% of the shares of PGG Wrightson Seeds Holdings Limited from PGG Wrightson Limited. More >>
PB Tech fined for extensive failings
Monday, 1 October 2018, 11:51 am | Commerce Commission
PB Technologies Ltd (PB Tech) has been fined $77,000 in the Auckland District Court after pleading guilty to 14 charges brought by the Commission for selling non-compliant extended warranties. More >>
NZSALE sentenced for unsafe children’s nightwear
Wednesday, 26 September 2018, 9:08 am | Commerce Commission
Online and store retailer NZSALE was fined $74,000 in the North Shore District Court yesterday after pleading guilty to four charges brought by the Commerce Commission for selling nightwear that failed to meet the applicable safety standard. More >>
Commission welcomes Court of Appeal ruling on NZME/Fairfax
Tuesday, 25 September 2018, 10:04 am | Commerce Commission
The Court of Appeal has dismissed NZME and Fairfax’s (now Stuff) long-running appeal against the Commerce Commission’s decision to decline their media merger. More >>
