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Commerce Commission - Latest News [Page 53]
Final decision for telecommunications providers
Monday, 19 December 2016, 9:01 am | Commerce Commission
The Commerce Commission today released its final decision about how much 15 telecommunications providers will pay towards the $50 million Telecommunications Development Levy (TDL) for 2015/16. More >>
Phone number portability to stay
Monday, 19 December 2016, 8:57 am | Commerce Commission
The Commerce Commission has decided to continue to regulate number portability for both local and mobile telephone numbers for another five years. Number portability enables a customer to keep the same telephone number despite switching telecommunications ... More >>
Real estate agencies to pay penalties for price fixing
Friday, 16 December 2016, 2:43 pm | Commerce Commission
The head offices of Barfoot & Thompson, Harcourts, LJ Hooker and Ray White will collectively pay $9.825 million following a price fixing penalty hearing in the Auckland High Court. More >>
Youi insurance fined $320,000 for misleading sales technique
Thursday, 15 December 2016, 3:49 pm | Commerce Commission
Insurance firm Youi NZ Pty Limited (Youi) has today been fined $320,000 in the Auckland District Court for employing misleading sales techniques when attempting to sell policies to consumers who were seeking a quote. More >>
"You better watch out" - Christmas shoppers urged
Wednesday, 14 December 2016, 10:27 am | Commerce Commission
With the Christmas shopping season in full swing the Commerce Commission is reminding consumers and retailers about consumers' rights when buying goods in store or online. More >>
Final report on Fonterra’s 2016/17 Milk Price Manual
Wednesday, 14 December 2016, 10:25 am | Commerce Commission
The Commerce Commission today released its final report on its annual statutory review of Fonterra’s Milk Price Manual for the 2016/17 dairy season. More >>
Third party trademark agency receives warning
Tuesday, 13 December 2016, 2:51 pm | Commerce Commission
Gibraltar-based company PTMO Limited (PTMO) has received a Commission warning for a notice it sent to New Zealand trademark holders to pay $1,295 to renew their trademark for 10 years. More >>
South Auckland car dealership fined for false claims
Monday, 12 December 2016, 10:42 am | Commerce Commission
Car dealer, Zodiac Motor Company Limited (Zodiac) has been fined a total of $105,000 in Manukau District Court for making false claims that its cars were AA appraised and that it was an AA Appraised Used Dealer. More >>
PGW and Elders’ employees fined in price fixing case
Monday, 5 December 2016, 2:29 pm | Commerce Commission
Four current or former employees of PGG Wrightson and one former employee of Elders Rural Holdings Limited have been ordered to pay penalties totalling $105,000 following an Auckland High Court penalty hearing for their respective roles in a price fixing ... More >>
Steel mesh investigations into five companies completed
Monday, 5 December 2016, 9:13 am | Commerce Commission
The Commission has now completed its seismic steel mesh investigations into five of the companies under investigation. Three companies, who cannot be named at this time, have been advised that the Commission intends to issue criminal proceedings ... More >>
Harmoney fined $292k for misleading marketing campaign
Friday, 2 December 2016, 9:12 pm | Commerce Commission
Peer-to-peer lender Harmoney has today been fined $292,500 in the Auckland District Court for misleading consumers into believing they had been pre-approved for a personal loan. More >>
Commission issues details on NZME/Fairfax conference
Tuesday, 29 November 2016, 4:07 pm | Commerce Commission
The Commerce Commission has today published details of the conference it is holding on its draft determination of NZME and Fairfax’s application for authorisation under the Commerce Act to merge their media businesses. More >>
Mobile trader owner found guilty after not supplying goods
Tuesday, 29 November 2016, 2:59 pm | Commerce Commission
Flexi Buy Limited owner Vikram Mehta has been found guilty under the Crimes Act 1961 of being a party to obtaining money by deception, by making false representations to customers. More >>
Manawatu 1994 Limited fined $1.25m in price fixing case
Tuesday, 29 November 2016, 1:20 pm | Commerce Commission
Manawatu 1994 Limited, trading under the LJ Hooker banner, has been ordered to pay a penalty of $1.25 million following a hearing in the Auckland High Court. More >>
Payday lender Twenty Fifty Club fined, director banned
Monday, 28 November 2016, 11:24 am | Commerce Commission
South Auckland payday lender Twenty Fifty Club Limited and its sole director Gavin Marsich have been fined a total of $76,000 and Mr Marsich has been banned indefinitely from carrying out any further consumer lending. More >>
Preliminary Issues for Aon’s acquisition of FPIS
Monday, 21 November 2016, 1:10 pm | Commerce Commission
The Commerce Commission has published a Statement of Preliminary Issues relating to an application from Aon New Zealand to acquire the assets, business and certain liabilities of Fire Protection Inspection Services Limited (FPIS). More >>
Retirement villages urged to check credit law compliance
Monday, 21 November 2016, 1:09 pm | Commerce Commission
The Commerce Commission is reminding retirement villages to ensure their consumer credit contracts and lending practices comply with the law. More >>
Investigation returns $600,000 to NZ trademark holders
Wednesday, 9 November 2016, 11:13 am | Commerce Commission
The Commission has worked with ANZ Bank to successfully return around $600,000 to trademark holders who were misled about the need to pay an invoice from Swiss company, TM Publisher (TMP). More >>
Draft decision on service levels of Chorus UBA
Wednesday, 9 November 2016, 9:29 am | Commerce Commission
The Commerce Commission has today released the draft decision in its review of the non-price features of the Unbundled Bitstream Access (UBA) service. More >>
Aon applies to acquire Fire Protection Inspection Services
Tuesday, 8 November 2016, 3:00 pm | Commerce Commission
The Commission has received an application from Aon New Zealand (Aon) to acquire the business and assets of Fire Protection Inspection Services Limited (FPIS). More >>
