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Commerce Commission - Latest News [Page 51]
Need for speed: broadband performance over the past decade
Thursday, 5 July 2018, 10:11 am | Commerce Commission
The Commerce Commission has published a paper looking at the past decade of broadband performance testing, ahead of the first round of information to be released by our new independent testing partner, SamKnows. More >>
Commission approves purchaser for Winc
Wednesday, 4 July 2018, 1:38 pm | Commerce Commission
The Commerce Commission has approved a purchaser for Winc NZ Limited (Winc) to address its competition concerns regarding Platinum’s acquisition of rival stationery and office products firm OfficeMax. More >>
Statement of Preliminary Issues released for OMV/Shell
Tuesday, 3 July 2018, 3:40 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to the proposed acquisition of Royal Dutch Shell’s gas and liquids portfolio in New Zealand by OMV New Zealand Limited. More >>
PB Technologies charged for its extended warranties
Tuesday, 3 July 2018, 3:15 pm | Commerce Commission
PB Technologies Ltd (PB Tech) has pleaded guilty to 14 charges brought by the Commerce Commission for failings in its extended warranty agreements. More >>
Feedback: customised price-quality paths for lines companies
Tuesday, 3 July 2018, 9:33 am | Commerce Commission
The Commerce Commission is seeking feedback on two recent customised price-quality paths for electricity lines companies to improve future processes. More >>
Updated Policy to Improve Cartel Leniency Programme
Friday, 29 June 2018, 10:10 am | Commerce Commission
The Commerce Commission has updated its policy and guidelines to assist parties involved in cartel conduct to understand what steps they are required to take when applying for leniency. More >>
Preliminary Issues: Goodman Fielder/Lion yoghurt merger
Thursday, 28 June 2018, 2:19 pm | Commerce Commission
The Commerce Commission has published a Statement of Preliminary Issues relating to an application from Goodman Fielder New Zealand Limited (Goodman Fielder) for clearance to acquire assets related to the manufacture and distribution of ‘Yoplait’ ... More >>
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 >>
