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Commerce Commission - Latest News [Page 58]
Fines reach nearly $900,000 in mobile trader prosecutions
Wednesday, 12 July 2017, 1:37 pm | Commerce Commission
Two mobile traders have been fined a total of more than $183,000 and been ordered to return nearly $71,000 in fees to their customers. More >>
Trade Me seeks clearance to acquire Motorcentral
Wednesday, 12 July 2017, 11:28 am | Commerce Commission
The Commerce Commission has received a clearance application from Trade Me Limited (Trade Me) to acquire up to 100% of the shares in Limelight Software Limited, trading as Motorcentral. More >>
Essilor and Luxottica seek clearance for global merger
Monday, 10 July 2017, 4:09 pm | Commerce Commission
The Commerce Commission has received a clearance application from Essilor International (Compagnie Générale d’Optique) S.A. and Luxottica Group S.p.A relating to the global merger of the two parties. More >>
Vector to return $13.9m to Auckland electricity consumers
Friday, 7 July 2017, 2:52 pm | Commerce Commission
Electricity lines company Vector will return $13.9 million to Auckland electricity consumers after it accepted it had breached its regulated price path by recovering more revenue than it was entitled to in the 2014 and 2015 financial years. More >>
Statement of Preliminary Issues for Tronox/Cristal merger
Friday, 7 July 2017, 11:49 am | Commerce Commission
The Commerce Commission has published a Statement of Preliminary Issues relating to Tronox Limited’s proposed acquisition of National Titanium Dioxide Company Ltd (Cristal). More >>
‘Toothpick’ pistol crossbows illegal in New Zealand
Monday, 3 July 2017, 3:33 pm | Commerce Commission
The Commerce Commission is advising those selling ‘mini’ or ‘toothpick’ pistol crossbows that these products are likely to be covered by an unsafe goods notice and cannot be sold in New Zealand. More >>
Commission issues credit fee guidelines
Friday, 30 June 2017, 2:00 pm | Commerce Commission
The Commerce Commission has today released its Consumer Credit Fees Guidelines , to provide guidance for lenders in setting credit fees. More >>
HealthCare NZ seeks clearance to acquire Geneva Healthcare
Friday, 30 June 2017, 1:55 pm | Commerce Commission
HealthCare NZ seeks clearance to acquire Geneva Healthcare Group The Commerce Commission has received a clearance application from Healthcare of New Zealand Holdings Limited (HealthCare NZ) to acquire 100% of the shares in Geneva Healthcare Limited and its ... More >>
Update on Vero’s application to acquire Tower
Friday, 30 June 2017, 9:23 am | Commerce Commission
The Commerce Commission has agreed to extend the date for its final decision on Vero Insurance’s application seeking clearance to purchase 100% of the shares in Tower. More >>
Tronox seeks Commerce Commission clearance to acquire
Tuesday, 27 June 2017, 4:32 pm | Commerce Commission
The Commerce Commission has received a clearance application from Tronox Limited (Tronox) to acquire the titanium dioxide (TiO2) pigment business of National Titanium Dioxide Company Ltd (Cristal). More >>
Finance company fined $22,000
Friday, 23 June 2017, 3:56 pm | Commerce Commission
Christchurch-based finance company Acute Finance Limited (Acute) has been fined $22,000 and says it has taken steps to return $10,000 to borrowers, after pleading guilty to four charges under the Credit Contracts and Consumer Finance Act (CCCF Act). More >>
Next steps outlined for the Commission’s decision on Powerco
Thursday, 22 June 2017, 9:23 am | Commerce Commission
The Commerce Commission has today released a process paper detailing the next steps for assessing lines company Powerco’s application proposing price increases to meet the cost of its planned $1.32 billion investment in its electricity lines network. More >>
Wholesale broadband price drop passed through to consumers
Wednesday, 21 June 2017, 9:06 am | Commerce Commission
The Commerce Commission has today released a study showing that 90% of the recent reductions in Chorus’ regulated wholesale broadband prices have flowed through to consumers. More >>
Aunty and Herman return to raise awareness of consumer right
Monday, 19 June 2017, 1:46 pm | Commerce Commission
New Zealand’s sharpest legal advisor Aunty and her nephew Herman Faleafa have returned to raise awareness of consumer rights in the Commerce Commission’s animated series It’s All Good . More >>
Performance released for electricity lines companies
Friday, 9 June 2017, 10:21 am | Commerce Commission
The Commerce Commission has published one-page summaries of key performance measures for each of New Zealand’s 29 electricity lines companies. More >>
Pre-school to pay $265,500 for misleading parents
Thursday, 8 June 2017, 1:26 pm | Commerce Commission
Kowhai Montessori Pre-School Limited (Kowhai) was today ordered to pay a total of $265,500 after pleading guilty to charges that it misled parents about the amount of funding it was receiving under the Government’s early childhood education (ECE) ... More >>
Update on steel mesh investigations
Wednesday, 7 June 2017, 9:40 am | Commerce Commission
As part of the Commerce Commission’s investigation into steel mesh, 29 charges have been filed against Steel and Tube for making false and misleading representations about their steel mesh product known as SE62. More >>
Average gas bills to drop under final revenue reset
Wednesday, 31 May 2017, 9:20 am | Commerce Commission
The Commerce Commission has released its final decisions on the default price-quality paths (DPP) for gas pipeline services. These paths set the revenues and minimum quality standards that the four gas distributors and one gas transmission business must comply ... More >>
Cash to You Loans banned from lending
Wednesday, 24 May 2017, 3:39 pm | Commerce Commission
Napier loan company Cash to You Loans Limited has been banned indefinitely from operating as a lender, after charging borrowers unreasonable fees and excess interest and failing to correctly disclose fees charged. More >>
Commission’s alpaca case brings total fines to $1.5 million
Tuesday, 23 May 2017, 2:49 pm | Commerce Commission
A company and two individuals have been fined a total of nearly $194,000 for claiming that duvets were "pure alpaca wool" or "100% cashmere", when they contained little or no such fibres. More >>
