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Commerce Commission - Latest News [Page 51]
Commission charges water filter company
Tuesday, 26 June 2018, 12:21 pm | Commerce Commission
HRV Clean Water Limited (HRV) has pleaded guilty to 11 charges laid by the Commission for the unsubstantiated (unproven) or misleading claims HRV made about the benefits of its water filters and about the quality of New Zealand’s domestic water supply. More >>
Goodman Fielder seeks clearance to acquire 'Yoplait'
Friday, 22 June 2018, 3:46 pm | Commerce Commission
Fielder New Zealand Limited to acquire assets related to the manufacture and distribution of ‘Yoplait’ branded yoghurt in New Zealand from Lion - Dairy & Drinks (NZ) Limited. More >>
OMV seeks clearance to acquire Shell portfolio
Monday, 18 June 2018, 9:44 am | Commerce Commission
The Commerce Commission has received a clearance application from OMV New Zealand Limited to acquire 100% of Royal Dutch Shell’s gas and liquids portfolio in New Zealand. More >>
Investigation into proposed acquisition of Stevenson Group
Thursday, 14 June 2018, 12:03 pm | Commerce Commission
The Commerce Commission has opened an investigation into Fulton Hogan Limited’s proposed acquisition of Stevenson Group Limited's construction materials business. More >>
Process kicked off for reset of price-quality paths
Thursday, 14 June 2018, 9:13 am | Commerce Commission
The Commerce Commission has released the key milestones and consultation steps for the 2020 reset of 17 electricity lines companies’ price-quality paths. More >>
Commission concerned Fonterra's risk estimate is too low
Thursday, 14 June 2018, 9:05 am | Commerce Commission
The Commerce Commission has released an emerging view that Fonterra’s estimate of risk in calculating the cost of financing milk processing operations is too low. The impact of this is that Fonterra calculates a higher milk price than would be ... More >>
Christchurch vehicle financier warned
Monday, 11 June 2018, 12:21 pm | Commerce Commission
The Commission has issued a warning to Dealer Finance Limited (DFL), a Christchurch-based motor vehicle finance lender, after an investigation into its compliance with obligations under the lender responsibility principles under the Credit Contracts and Consumer ... More >>
Commission alleges irresponsible lending by payday lender
Friday, 1 June 2018, 3:01 pm | Commerce Commission
The Commerce Commission has commenced High Court proceedings against payday lender Ferratum New Zealand Limited (Ferratum) under the Credit Contracts and Consumer Finance Act 2003 (CCCFA) over alleged breaches of the lender responsibility principles. More >>
MYOB formally withdraws merger application for Reckon
Thursday, 31 May 2018, 3:55 pm | Commerce Commission
MYOB Group Limited has today formally withdrawn its application to acquire the Accountants Group business of Reckon Limited (Reckon). More >>
Lender website review highlights issues consumers face
Thursday, 31 May 2018, 1:05 pm | Commerce Commission
The Commerce Commission has today released the findings of its review of 215 selected lenders’ websites for compliance with disclosure rules. More >>
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 >>
