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Commerce Commission - Latest News [Page 76]
Commerce Commission cracks pyramid selling scheme
Friday, 30 May 2014, 9:13 am | Commerce Commission
The Commerce Commission is urging people to be wary of get rich quick schemes after three businessmen were convicted and ordered to pay $140,000 in the Auckland District Court for promoting the Fastrack90 pyramid scheme, in breach of the Fair Trading ... More >>
Telecom to Acquire Previously Unsold Radio Spectrum Block
Friday, 30 May 2014, 9:12 am | Commerce Commission
The Commerce Commission has today granted a clearance to Telecom New Zealand Limited (Telecom) that will enable it to acquire the management rights for the final block of 5MHz radio spectrum in the 700MHz range from the Crown. More >>
Commerce Commission extends copper pricing consultation
Thursday, 22 May 2014, 9:18 am | Commerce Commission
The Commerce Commission has today announced an extension to its timetable for determining wholesale prices under the final pricing principle (FPP) for both the unbundled bitstream access (UBA) and unbundled copper local loop (UCLL). More >>
Oji seeks clearance to acquire CHH pulp & paper business
Wednesday, 21 May 2014, 10:24 am | Commerce Commission
The Commerce Commission has received an application from Oji Oceania Management (NZ) Limited seeking clearance to acquire up to 100% of the shares in Carter Holt Harvey Pulp & Paper Limited (CHHPP) from Carter Holt Harvey Limited. More >>
Report shows consumers are getting more for their money
Wednesday, 21 May 2014, 9:14 am | Commerce Commission
Issued 21 May 2014 www.comcom.govt.nz/regulated-industries/telecommunications/monitoring-reports-and-studies/monitoring-reports More >>
Reckitt Benckiser seeks clearance to acquire assets
Monday, 19 May 2014, 12:06 pm | Commerce Commission
The Commerce Commission has received an application from Reckitt Benckiser Group Plc (Reckitt Benckiser) seeking clearance to acquire the K-Y brand and product assets of Johnson & Johnson. More >>
Commerce Commission draft decision on Transpower expenditure
Friday, 16 May 2014, 10:35 am | Commerce Commission
The Commerce Commission has today released its draft decision on the allowances for operating and base capital expenditure that will be used to set Transpower’s price path for the period from 1 April 2015 to 31 March 2020. More >>
Commission releases decision on Transpower upgrade
Monday, 12 May 2014, 9:32 am | Commerce Commission
The Commerce Commission has today released its decision to approve Transpower’s proposed $161m replacement and upgrade of the lines between the Bunnythorpe substation near Palmerston North and the Haywards substation in the Hutt Valley. More >>
Commission seeks further complainants in farming swaps case
Friday, 9 May 2014, 9:23 am | Commerce Commission
The Commerce Commission is asking for any remaining rural customers who have concerns with the way that interest rate swaps were sold to them to come forward. Since mid-2012 the Commission has been investigating alleged mis-selling of interest rate swaps ... More >>
Commission launches website for construction industry
Wednesday, 7 May 2014, 3:10 pm | Commerce Commission
The Commerce Commission will today launch a new website for the construction industry. The website will help industry members increase their understanding of competition and consumer laws so they can improve their compliance. More >>
IAG cleared to buy Lumley
Wednesday, 7 May 2014, 9:13 am | Commerce Commission
The Commerce Commission has granted clearance to IAG (NZ) Holdings Limited to acquire Lumley General Insurance (N.Z.) Limited. More >>
Commerce Commission considers Christchurch cremation merger
Monday, 5 May 2014, 9:20 am | Commerce Commission
The Commerce Commission has received an application from Bledisloe New Zealand Limited seeking clearance to acquire the business and assets of Cremation Society of Canterbury Limited and Harewood Memorial Gardens & Crematorium Limited (the Vendors). More >>
Commission revises draft Telecommunications Development Levy
Thursday, 24 April 2014, 9:11 am | Commerce Commission
Issued 24 April 2014 Release No. 98 The Commerce Commission today released a revised draft determination for the amount 22 telecommunications providers will pay towards the $50 million Telecommunications Development Levy (TDL) for 2012/13. More >>
Commission urges businesses to know Easter laws
Wednesday, 16 April 2014, 3:56 pm | Commerce Commission
Easter Saturday and Sunday are not public holidays, casual staff may not be covered under the Holidays Act and businesses must not mislead customers when applying a surcharge. More >>
Issues for Atlas Copco’s application to acquire Ash Air
Wednesday, 16 April 2014, 1:05 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from Atlas Copco South Pacific Holdings Pty Limited (Atlas Copco) seeking clearance to acquire some of the assets of Lancaster Group Limited including ... More >>
BlueScope Steel to buy production assets of Pacific Steel
Wednesday, 16 April 2014, 12:49 pm | Commerce Commission
The Commerce Commission has granted clearance to BlueScope Steel (NZ) Limited to acquire Pacific Steel Group’s rolling mill and wire mill manufacturing operations in Auckland and its New Zealand long steel distribution, marketing and sales operations ... More >>
Air freight cartel nets almost $12 million in penalties
Tuesday, 8 April 2014, 4:26 pm | Commerce Commission
The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 ... More >>
Commission completes long running trans-Tasman cartel case
Tuesday, 8 April 2014, 12:49 pm | Commerce Commission
The Commerce Commission has completed its long running case involving the cardboard packaging cartel between Visy Board Pty Ltd (Visy) and Amcor Ltd with the final defendant, Mr James Hodgson, being ordered to pay a penalty of $60,000 and costs of $38,352 ... More >>
Commission welcomes High Court judgement over UBA challenge
Tuesday, 8 April 2014, 12:48 pm | Commerce Commission
The Commerce Commission welcomes today’s High Court judgment in relation to Chorus’ appeal against the Commission’s November 2013 decision setting cost-based prices for the unbundled bitstream access (UBA) service. More >>
Commerce Commission confirms forex investigation
Monday, 7 April 2014, 9:29 am | Commerce Commission
The Commerce Commission has confirmed that it has an investigation into possible manipulation of currency rates and possible influencing of benchmarks in foreign exchange (forex) markets. The investigation was commenced as a result of a leniency ... More >>
