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Commerce Commission - Latest News [Page 78]
IAG’s application to acquire 100% of the shares in Lumley
Thursday, 30 January 2014, 10:42 am | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application from IAG (NZ) Holdings Limited (IAG) to acquire 100% of the shares in Lumley General Insurance (N.Z.) Limited (Lumley). More >>
Finance company fined for its part in toxic water claims
Friday, 24 January 2014, 5:19 pm | Commerce Commission
Auckland based finance company Tiny Terms Limited has been fined $77,200 in the Auckland District Court today for its part in the door to door sale of water filters by Love Springs Limited. More >>
Bauer given clearance to acquire magazine titles
Friday, 24 January 2014, 10:33 am | Commerce Commission
The Commerce Commission has cleared Bauer Media Group (NZ) LP (Bauer) to acquire all of the assets used by APN Specialist Publications NZ Limited (APNSP) in the publication of the New Zealand editions of the following magazines: New Zealand Woman’s Weekly; ... More >>
Commission settles with Vodafone over ‘Broadband Lite’
Thursday, 16 January 2014, 9:52 am | Commerce Commission
Vodafone NZ Limited has paid out $268,231 to customers in a settlement reached with the Commerce Commission concerning the company’s promotion of the “Broadband Lite” service. More >>
Latest retail price benchmarking for telco services
Monday, 23 December 2013, 9:50 am | Commerce Commission
The Commerce Commission has released its third report benchmarking New Zealand retail prices for fixed-line phone and broadband services against international prices. A report benchmarking retail prices in New Zealand’s mobile markets will be published ... More >>
Statement of preliminary issues for USG-Boral joint venture
Friday, 20 December 2013, 4:10 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to USG Corporation’s and Boral Limited’s joint application seeking clearance to enter into a joint venture. More >>
Com Com commences proceedings relating to AK timber cartel
Friday, 20 December 2013, 4:06 pm | Commerce Commission
The Commerce Commission has today filed proceedings in the High Court against Carter Holt Harvey Limited for price fixing in the Auckland timber market. More >>
IAG seeks clearance to acquire Lumley
Friday, 20 December 2013, 3:31 pm | Commerce Commission
The Commerce Commission has received an application from IAG (NZ) Holdings Limited (IAG) seeking clearance to acquire 100% of the shares in Lumley General Insurance (N.Z.) Limited (Lumley). More >>
Consumer law modernised and extended
Thursday, 19 December 2013, 4:28 pm | Commerce Commission
The Commerce Commission says it’s ready to enforce the changes enacted by the passage into law this week of the Fair Trading Amendment Act 2013, and urges businesses to know the new ground rules and ensure they act within the law. More >>
Thermo Fisher cleared to acquire Life Technologies
Thursday, 19 December 2013, 4:26 pm | Commerce Commission
The Commerce Commission has cleared Thermo Fisher Scientific Inc. (Thermo Fisher) to acquire Life Technologies Corporation (Life Technologies). The clearance is conditional on Thermo Fisher selling its foetal bovine serum (FBS) business to a third party. More >>
Commission closes Air NZ credit card surcharge investigation
Thursday, 19 December 2013, 2:48 pm | Commerce Commission
The Commerce Commission has concluded an investigation into credit card surcharging by Air New Zealand and found that the airline has not engaged in conduct likely to breach the Fair Trading Act (FTA). More >>
Commerce Commission releases data on credit card settlements
Thursday, 19 December 2013, 2:34 pm | Commerce Commission
The Commission today released its ‘Evaluation of the 2009 interchange and credit card settlements’. This paper outlines the agreement the Commission reached with banks and financial institutions in relation to the setting of fees charged to merchants/retailers ... More >>
Com Com proposes to issue proceedings on interest rate swaps
Tuesday, 17 December 2013, 8:49 am | Commerce Commission
The Commerce Commission confirms that it has advised three major New Zealand banks, ANZ, ASB and Westpac, that it intends to issue legal proceedings over their sales of interest rate swap contracts to rural customers. The Commission has advised the ... More >>
Commission final report on Fonterra’s milk price manual
Monday, 16 December 2013, 8:58 am | Commerce Commission
The Commerce Commission has today released its final report on its statutory review of Fonterra’s milk price manual. The manual determines how Fonterra calculates the farm gate milk price, which is the price paid by Fonterra to dairy farmers for ... More >>
Slingshot fined for “slamming” customers
Thursday, 12 December 2013, 7:26 pm | Commerce Commission
Call Plus Services Limited, trading as Slingshot, has been fined $250,000 after pleading guilty in the Auckland District Court today to 50 charges it faced under the Fair Trading Act in relation to the marketing of its telecommunications services. More >>
Big fines for toxic water claims
Thursday, 12 December 2013, 9:33 am | Commerce Commission
Love Springs Limited and its director Phillip Smart have been fined a total of $555,000 in the Auckland District Court late yesterday afternoon for breaches of the Fair Trading Act in relation to the door to door sales of water filters. More >>
Com Com Welcomes Judgement on Methodology
Thursday, 12 December 2013, 9:21 am | Commerce Commission
The Commerce Commission today welcomed a High Court judgment in relation to challenges against its December 2010 input methodologies decisions. The Court has dismissed all these appeals, ruling in favour of the Commission’s decisions on all but two ... More >>
ComCom Commences Review Of UCLFS STD
Wednesday, 11 December 2013, 8:51 am | Commerce Commission
The Commerce Commission (Commission) gives public notice that it has commenced a review of the price list of the Unbundled Copper Low Frequency Service Standard Terms Determination (UCLFS STD) under section 30R of the Telecommunications Act 2001 (Act). More >>
Commission closes out successful Credit SaILS investigation
Monday, 9 December 2013, 3:43 pm | Commerce Commission
The Commerce Commission has welcomed the news that all but $17,000 of the $60 million settlement fund in the failed investment product Credit SaILS has been returned to investors. More >>
Company director breaches FTA over Elton John train journey
Friday, 6 December 2013, 2:39 pm | Commerce Commission
Former Christchurch based company director Roger Sutherland, has been convicted and fined $45,000 in the Christchurch District Court today and ordered to pay over $26,000 reparation on 11 charges of breaching the Fair Trading Act. More >>
