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Commerce Commission - Latest News [Page 68]
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 >>
Construction company charged over building guarantee
Thursday, 3 December 2015, 12:44 pm | Commerce Commission
The Commerce Commission has filed charges against construction business Flaxmill Limited (Flaxmill) and its director, Gerard James Thomson, in the Christchurch District Court. More >>
Gas companies respond well to new disclosure requirements
Wednesday, 2 December 2015, 9:32 am | Commerce Commission
The Commerce Commission has welcomed the high level of compliance from gas pipeline companies in meeting new requirements to disclose how they are managing their assets. More >>
Yoghurt Story and Frozen Yoghurt charged by Commission
Tuesday, 1 December 2015, 3:04 pm | Commerce Commission
Yoghurt Story New Zealand Limited (Yoghurt Story) and Frozen Yoghurt Limited (Frozen Yoghurt) today appeared in Auckland District Court facing charges brought by the Commerce Commission. More >>
Commission concludes Christchurch auctioneer investigation
Tuesday, 1 December 2015, 10:43 am | Commerce Commission
McCormack and McKellar Auctioneers have been issued with a warning by the Commerce Commission after failing to disclose they owned a Tom Esplin painting they were auctioning. In addition, the Commission considered that McCormack and McKellar did not comply ... More >>
Commission welcomes commercial resolution at Eastland Port
Wednesday, 25 November 2015, 9:57 am | Commerce Commission
The Commerce Commission has welcomed the commercial agreement reached between Eastland Port and forestry customers and confirmed its proposed inquiry into the Port’s pricing under Part 4 of the Commerce Act will now not proceed. More >>
Commerce Commission wins Plain English Award
Friday, 20 November 2015, 11:23 am | Commerce Commission
The Commerce Commission has won the Best Plain English Document – Public Sector award for its latest ‘Know your rights’ brochure – Borrowing money or buying goods on credit: Know your rights , at the 2015 Plain English Awards last night. More >>
Commerce Commission supports Fraud Awareness Week
Monday, 16 November 2015, 10:55 am | Commerce Commission
The Commission is reminding New Zealand small businesses to remain vigilant about avoiding scams as it supports Fraud Awareness Week, which runs until Saturday. More >>
Small businesses targeted by costly Global Map Index
Friday, 13 November 2015, 1:54 pm | Commerce Commission
The Commerce Commission is warning New Zealand businesses to be wary of unsolicited mail which asks them to update their company details after receiving complaints about a trader called Global Map Index. More >>
Cavalier to acquire NZ Wool Services
Friday, 13 November 2015, 10:12 am | Commerce Commission
The Commerce Commission has issued its final determination approving Cavalier Wool Holdings’ (Cavalier) application to acquire New Zealand Wool Services International's (NZWSI) wool scouring business and assets. More >>
Commission clears Wilson Parking to acquire leases
Thursday, 12 November 2015, 11:04 am | Commerce Commission
The Commerce Commission has given clearance for Wilson Parking New Zealand Limited (Wilson Parking) to acquire five car park leases from Tournament Parking Limited (Tournament). More >>
Transpower’s maximum allowable revenues reviewed
Wednesday, 11 November 2015, 9:24 am | Commerce Commission
The Commerce Commission has completed its review of Transpower’s proposed update to the forecast maximum allowable revenue (forecast MAR) for the 2016/17 to 2019/20 pricing years. More >>
Statement of preliminary issues for Tennex acquisition
Tuesday, 10 November 2015, 3:01 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Tennex Capital Limited to acquire the medical and quarantine waste business of San-i-pak Limited. More >>
Update on Z Energy’s application to acquire Chevron NZ
Tuesday, 10 November 2015, 9:26 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 >>
Draft amendments to airport land valuation rules
Tuesday, 10 November 2015, 9:11 am | Commerce Commission
The Commerce Commission has today released draft amendments for consultation on the application of the airport land valuation rules as part of the input methodologies review. More >>
Baa Baa Beads warned over health claims
Friday, 6 November 2015, 10:00 am | Commerce Commission
Wholesaler and online retailer ‘Baa Baa Beads’ has received a warning from the Commerce Commission after it failed to substantiate its claims about the therapeutic benefits of its Baltic amber products. The Commission began investigating the company ... More >>
