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Commerce Commission - Latest News [Page 67]
Westpac to compensate customers $4m over debit card fees
Tuesday, 16 February 2016, 10:25 am | Commerce Commission
Westpac New Zealand has reached a settlement agreement with the Commerce Commission and Financial Markets Authority (FMA) to repay over $4 million dollars to over 100,000 past and present customers who were overcharged debit card fees when withdrawing ... More >>
Preliminary issues for Spark acquisition
Friday, 12 February 2016, 9:27 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Spark New Zealand Limited to acquire the management rights to 70MHz of 2300MHz radio spectrum from Craig NZ and Woosh NZ. More >>
Commission releases report on unfair contract terms
Wednesday, 10 February 2016, 10:07 am | Commerce Commission
The Commerce Commission has today released a report detailing the findings of its review of standard form consumer contracts in the telecommunications sector. The review was completed to assess the sector’s compliance with the unfair contract ... More >>
Commission clears Rheem to acquire Peter Cocks
Wednesday, 3 February 2016, 4:45 pm | Commerce Commission
The Commerce Commission has given clearance for Rheem New Zealand Limited to acquire the business and assets of Peter Cocks (2010) Limited. More >>
Agreement to repackage Nurofen specific pain range
Wednesday, 23 December 2015, 12:18 pm | Commerce Commission
The Commerce Commission has reached an agreement with Reckitt Benckiser (New Zealand) Limited under which the pharmaceutical company will stop New Zealand sales of its Nurofen specific pain range products in their current packaging by March 2016. More >>
Coty to acquire Procter and Gamble Assets
Wednesday, 23 December 2015, 12:12 pm | Commerce Commission
The Commerce Commission has received an application from Coty Inc. seeking clearance to acquire a significant part of the global hair care, colouring and styling, colour cosmetics and fragrance businesses of the Procter and Gamble Company. More >>
Livestock companies fined over $3 million
Tuesday, 22 December 2015, 1:11 pm | Commerce Commission
PGG Wrightson and Rural Livestock have been fined $2.7 million and $475,000 respectively in separate penalty hearings in the Auckland High Court for price fixing in connection with the introduction of the National Animal Identification Tracing Act 2012 (NAIT ... More >>
Commerce Commission stops mobile trader and secures refunds
Tuesday, 22 December 2015, 12:30 pm | Commerce Commission
The Commission has accepted an enforceable undertaking from mobile trader Sales Concepts Limited (Sales Concepts). More >>
Spark seeks clearance to acquire radio spectrum
Monday, 21 December 2015, 10:23 am | Commerce Commission
The Commerce Commission has received an application from Spark New Zealand Trading Limited (Spark) seeking clearance to acquire the management rights to 70MHz of radio spectrum in the 2300MHz band from Craig Wireless Spectrum Operations Limited (Craig ... More >>
Date extension for Z Energy’s application to acquire Chevron
Friday, 18 December 2015, 9:59 am | Commerce Commission
On 1 July 2015, Z Energy Limited (Z Energy) registered an application with the Commerce Commission seeking clearance to acquire 100% of the shares in Chevron New Zealand (Chevron), the owner of the Caltex brand in New Zealand. More >>
Commission releases investigation guidelines
Thursday, 17 December 2015, 12:44 pm | Commerce Commission
The Commerce Commission has released guidelines designed to help traders and consumers understand how it investigates competition and consumer matters. More >>
Commission files proceedings against real estate agencies
Thursday, 17 December 2015, 10:27 am | Commerce Commission
The Commerce Commission has filed proceedings in the Auckland High Court for alleged price fixing and anti-competitive behaviour by 13 national and regional real estate agencies, a company owned by a number of national real estate agencies, and 3 individuals. ... More >>
Commission releases final decision on Broadband
Tuesday, 15 December 2015, 10:14 am | Commerce Commission
The Commerce Commission has today released its final decision setting the prices that Chorus can charge for use of its local copper lines and broadband service over the next five years. These are wholesale prices that Chorus charges retail telecommunications ... More >>
Commission releases final report on Fonterra
Tuesday, 15 December 2015, 10:09 am | Commerce Commission
The Commerce Commission today released its final report on its statutory review of Fonterra’s Milk Price Manual for the 2015/16 dairy season. The Manual sets out how Fonterra will calculate how much it will pay dairy farmers for raw milk. More >>
Commission urges Flexi Buy customers to come forward
Monday, 14 December 2015, 5:08 pm | Commerce Commission
Customers of mobile trader Flexi Buy Limited, who purchased goods but never received them, are being asked to contact the Commerce Commission. More >>
Auckland money lender found guilty and fined
Monday, 14 December 2015, 10:23 am | Commerce Commission
Unlicensed money lender, Sunway Finance Limited (Sunway), was fined $30,000 in Auckland District Court and all of its loan contracts were extinguished. As a consequence, debtors do not have to pay back any outstanding money under these loans. More >>
Retailers reminded to avoid exaggerating discounts
Wednesday, 9 December 2015, 11:02 am | Commerce Commission
The Commerce Commission is reminding retailers of their responsibilities as the holiday shopping season heats up. More >>
Liability allocation for telecommunication providers
Wednesday, 9 December 2015, 9:38 am | Commerce Commission
The Commerce Commission has released its final decision about how much 18 telecommunications providers will pay towards the $50 million Telecommunications Development Levy (TDL) for 2014/15. More >>
Commerce Commission clears merger of Vocus and M2
Friday, 4 December 2015, 11:13 am | Commerce Commission
The Commerce Commission has given clearance for Vocus Communications Limited (Vocus) to acquire up to 100% of the shares and/or assets in M2 Group Limited. More >>
Waste oil firm fined $425k
Thursday, 3 December 2015, 4:29 pm | Commerce Commission
Enviro Waste Services Limited has been fined $425,000 in the Auckland High Court following a Commerce Commission investigation into attempted anti-competitive conduct in relation to the collection of waste oil in the upper South Island. More >>
