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Commerce Commission - Latest News [Page 62]
Bike Barn charged with misleading customers
Monday, 12 September 2016, 10:48 am | Commerce Commission
The Commerce Commission has filed 16 charges against Bikes International Limited and Bike Retail Group Limited (which both operate as Bike Barn) relating to misleading conduct. More >>
Commission consulting on credit fees guidelines
Wednesday, 7 September 2016, 11:04 am | Commerce Commission
The Commerce Commission has released updated draft guidelines designed to assist lenders when setting credit fees. More >>
AirAsia warned over opt out pricing and processing fee
Monday, 5 September 2016, 10:24 am | Commerce Commission
Malaysian airline Air Asia X Service Pty Limited has agreed to end its preselection of checked baggage and change how it discloses its processing fee when selling flight tickets to New Zealand customers online. More >>
Godfreys pleads guilty to charges over warranty agreements
Friday, 2 September 2016, 9:43 am | Commerce Commission
New Zealand Vacuum Cleaner Company Limited (trading as Godfreys) has pleaded guilty to 10 charges brought by the Commission in relation to the extended warranty agreements it sold to consumers. More >>
Commission warns Wellington Electricity over standards
Thursday, 1 September 2016, 10:41 am | Commerce Commission
The Commerce Commission has issued a warning letter to Wellington Electricity Lines Limited (WELL) after it failed to comply with minimum standards for network reliability in 2013 and 2014. More >>
Energy retail contracts reviewed for unfair terms
Tuesday, 30 August 2016, 12:16 pm | Commerce Commission
As part of an ongoing review of standard form consumer contracts, the Commerce Commission has released a report detailing its findings in the energy retail sector. More >>
Commerce Commission authorises commingling of racing betting
Tuesday, 30 August 2016, 10:52 am | Commerce Commission
The Commerce Commission has granted authorisation to the New Zealand Racing Board (NZRB) to allow it, subject to certain restrictions, to commingle totalisator horse and greyhound racing betting pools with Tabcorp Wagering Manager (Vic) Pty Ltd (Tabcorp) ... More >>
Commission asks the Court to clarify Harmoney
Monday, 29 August 2016, 10:36 am | Commerce Commission
The Commerce Commission has filed civil proceedings in the Auckland High Court asking the Court questions about how the Credit Contract and Consumer Finance Act 2003 (CCCFA) applies to consumer loans entered into with peer-to-peer lender Harmoney Limited. More >>
$1.5 million in fees and interest returned to borrowers
Wednesday, 24 August 2016, 1:28 pm | Commerce Commission
Lenders Adelphi Finance Ltd and Shaw Personal Finance Ltd have refunded customers or reduced customer account balances by over $1.4 million and $100,000 respectively after the Commission warned they were likely to have breached consumer credit laws. More >>
Duvets sold as ‘premium alpaca’ mostly sheep’s wool
Wednesday, 24 August 2016, 11:50 am | Commerce Commission
Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their ... More >>
Commission files charges against Auckland mobile trader
Tuesday, 23 August 2016, 3:12 pm | Commerce Commission
Mobile trader Zee Shop Limited (Zee Shop) appeared in the Auckland District Court today in relation to 15 charges brought by the Commerce Commission relating to its lending practices. More >>
123 Mart charged over safety of children’s toys, nightwear
Monday, 22 August 2016, 1:12 pm | Commerce Commission
The Commerce Commission has filed 28 charges against The 123 Mart Limited (123 Mart) relating to 10 children’s toys and five clothing items it sold between April 2013 and June 2016. More >>
NZME/Fairfax merger update
Monday, 22 August 2016, 10:56 am | Commerce Commission
The Commerce Commission has agreed an extension with NZME and Fairfax on their application seeking authorisation to merge their New Zealand media operations and will now make its final decision by 15 March 2017. More >>
Commission files charges against Trustpower
Friday, 19 August 2016, 10:09 am | Commerce Commission
The Commerce Commission has filed charges in the Auckland District Court against Trustpower Limited over its marketing and sale of its bundled electricity and unlimited data broadband offer. More >>
Acute Finance charged over unreasonable fees
Thursday, 18 August 2016, 2:38 pm | Commerce Commission
Acute Finance Limited (Acute) has pleaded not guilty to five charges brought by the Commerce Commission under the Credit Contract and Consumer Finance Act 2003 (CCCFA) about its credit fees and its repayment waiver. More >>
Draft report on Fonterra’s base milk price calculation
Monday, 15 August 2016, 10:00 am | Commerce Commission
The Commerce Commission today released its draft report on Fonterra’s base milk price calculation for the 2015/16 dairy season. The base milk price is the price Fonterra pays to farmers for raw milk and it is currently set by Fonterra at $3.90 ... More >>
Commission seeks feedback on domestic backhaul services
Friday, 12 August 2016, 12:31 pm | Commerce Commission
The Commerce Commission has today released a discussion paper seeking information on domestic ‘backhaul’ services. Questions asked in the paper cover how the services have evolved – given the rapid changes in the telecommunications market – and ... More >>
Commission files charges against Youi insurance
Thursday, 11 August 2016, 10:48 am | Commerce Commission
The Commerce Commission has filed charges in the Auckland District Court against insurance firm Youi NZ Pty Limited, alleging it employed misleading sales techniques when attempting to sell policies to consumers who were only seeking a quote. More >>
Racing betting authorisation application
Tuesday, 9 August 2016, 4:03 pm | Commerce Commission
The Commerce Commission has reached a preliminary view that it should grant authorisation to the New Zealand Racing Board (NZRB) to allow it, subject to certain restrictions, to commingle totalisator horse and greyhound racing betting pools with Tabcorp Wagering ... More >>
Preliminary issues for Wallace Group LP acquisition
Tuesday, 9 August 2016, 3:15 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Wallace Group Limited Partnership to acquire up to 100% of the assets and business of Wallace Corporation Limited, Farm Brands Limited and Keep ... More >>
