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Commerce Commission - Latest News [Page 62]
Warning about phone survey scam
Monday, 10 October 2016, 11:22 am | Commerce Commission
The Commerce Commission is warning New Zealanders about being cold-called by a company called Li Bai Corporation, as it is believed to be a scam. More >>
Commission obtains highest penalties yet against traders
Thursday, 6 October 2016, 10:55 am | Commerce Commission
Mobile traders Ace Marketing Limited and Smart Shop Limited (trading as SmartStore) have been fined $150,000 and $135,000 respectively after being sentenced in the Auckland District Court. More >>
Sales Concepts admits false Christmas delivery promise
Wednesday, 28 September 2016, 11:06 am | Commerce Commission
Mobile trader Sales Concepts Limited (Sales Concepts) has pleaded guilty to 10 charges in the Auckland District Court brought by the Commerce Commission under the Fair Trading Act 1986 (FTA) for misleading consumers. More >>
Commission releases 2016 Consumer Issues Report
Tuesday, 27 September 2016, 11:50 am | Commerce Commission
The Commerce Commission has released its 2016 Consumer Issues Report, presenting a picture of issues affecting New Zealand consumers. More >>
Charges laid over Nurofen specific pain range painkillers
Monday, 26 September 2016, 10:35 am | Commerce Commission
Reckitt Benckiser (New Zealand) Limited (RBNZ) faces 10 charges brought by the Commission alleging it misled the public about the nature, characteristics and suitability of its Nurofen specific pain range products. More >>
Commission recommends deregulating wholesale voice services
Friday, 23 September 2016, 9:28 am | Commerce Commission
The Commerce Commission has today released a report for consultation indicating its intention to recommend to the Minister for Communications that Spark’s resale voice services be deregulated. More >>
Trustpower fined $390k over misleading broadband offer
Thursday, 22 September 2016, 3:26 pm | Commerce Commission
Trustpower Limited has been fined $390,000 in the Auckland District Court after pleading guilty to misleading consumers over the price and terms of its bundled electricity and unlimited data broadband offer. More >>
Final report on review of Fonterra’s base price calculation
Thursday, 15 September 2016, 9:24 am | Commerce Commission
The Commerce Commission today released its final report on Fonterra’s base milk price calculation for the 2015/16 dairy season. The Commission’s view, after considering submissions on the draft report released last month, is that Fonterra’s calculation ... More >>
Vodafone fined $165k for false price representations
Wednesday, 14 September 2016, 4:12 pm | Commerce Commission
Vodafone New Zealand Limited has today been fined $165,000 in the Auckland District Court after pleading guilty to making false price representations in breach of the Fair Trading Act. More >>
Boehringer Ingelheim cleared to acquire Merial from Sanofi
Wednesday, 14 September 2016, 11:05 am | Commerce Commission
The Commerce Commission has given clearance to Boehringer Ingelheim International GmbH to acquire 100% of the shares and assets in Merial, the animal health business of Sanofi S.A. More >>
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 >>
