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Commerce Commission - Latest News [Page 79]

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 >>

Commerce Commission releases Chorus consultation document

Friday, 6 December 2013, 8:37 am | Commerce Commission

The Commerce Commission has today released a consultation document for the Final Pricing Principle (FPP) of Chorus’ Unbundled Copper Local Loop (UCLL) Service. More >>

Settlement with Wellington Electricity on its 2012 breach

Thursday, 5 December 2013, 4:22 pm | Commerce Commission

Commerce Commission reaches settlement with Wellington Electricity on its 2012 price path breach Issued 5 December 2013 Release No. 48 Commerce Commission reaches settlement with Wellington Electricity on its 2012 price path breach The Commerce Commission ... More >>

USG Corporation and Boral Limited seek to form join venture

Wednesday, 4 December 2013, 4:42 pm | Commerce Commission

The Commission has received a joint application from USG Corporation and Boral Limited seeking clearance to enter into a joint venture. The proposed joint venture relates to the two parties’ operations in Asia, the Middle East and Australasia for the ... More >>

PropertyIQ and Terralink merger cleared

Monday, 2 December 2013, 5:18 pm | Commerce Commission

The Commerce Commission has cleared the merger between PropertyIQ and Terralink International, with the new business to be known as CoreLogic NZ Limited, to reflect its membership of the global CoreLogic business. More >>

PropertyIQ granted clearance to acquire Terralink

Friday, 29 November 2013, 4:44 pm | Commerce Commission

The Commerce Commission has cleared PropertyIQ New Zealand Limited to acquire the business and assets of Terralink International Ltd. More >>

North Island Grid Upgrade Project paper published

Friday, 29 November 2013, 4:15 pm | Commerce Commission

The Commerce Commission is seeking views on Transpower’s application to amend the allowance approved for the North Island Grid Upgrade Project (NIGU Project). More >>

Com Com determines Orion’s customised price-quality path

Friday, 29 November 2013, 8:51 am | Commerce Commission

The Commerce Commission has determined Orion’s customised price-quality path for 2014-2019, which takes into account Orion’s circumstances following the Canterbury earthquakes in 2010 and 2011. More >>

Commerce Commission on international information requests

Wednesday, 27 November 2013, 2:16 pm | Commerce Commission

The Commerce Commission has today released its guidelines for Overseas Requests for Compulsorily Acquired Information and Investigative Assistance. The guidelines explain how the Commission deals with requests from recognised overseas regulators made under ... More >>