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Commerce Commission - Latest News [Page 82]

Commission Clears Vector to Acquire Contact Metering Busines

Monday, 29 April 2013, 9:03 am | Commerce Commission

The Commerce Commission has cleared Vector Limited to acquire Contact Energy Limited’s natural gas metering business. More >>

Commission seeks comment on Orion Customised PriceQuality

Friday, 19 April 2013, 11:44 am | Commerce Commission

Media Release Issued 19 April 2013 Release No. 79 Commission seeks public comment on Orion Customised PriceQuality Path Proposal The Commerce Commission has commenced the process for setting new maximum prices and new quality standards for Orion New ... More >>

ComCom seeks public comment on Orion Proposal

Friday, 19 April 2013, 11:24 am | Commerce Commission

The Commerce Commission has commenced the process for setting new maximum prices and new quality standards for Orion New Zealand Limited (“Orion”). More >>

Commission urges caution for users of multi-purpose ladders

Tuesday, 16 April 2013, 9:59 am | Commerce Commission

The Commerce Commission has urged consumers and tradespeople to exercise caution when using two models of ‘Transforma’ multi-purpose ladder, sold nationwide by Brand Developers Limited between 2007 and March 2013. The Commission is investigating ... More >>

Commission Urges Caution For Users Of Multi-Purpose Ladders

Tuesday, 16 April 2013, 9:57 am | Commerce Commission

Commission Approves Amendment To Transpower Costs Recovery

Monday, 15 April 2013, 11:18 am | Commerce Commission

The Commerce Commission has approved an amendment to the Major Capital Expenditure Allowance (MCA) for the Otahuhu Substation Diversity Project. The maximum amount of expenditure that Transpower can now recover from consumers has increased from ... More >>

Commerce Commission declines merger of radiology practices

Wednesday, 3 April 2013, 2:37 pm | Commerce Commission

The Commerce Commission has declined to grant clearance to the formation of a joint venture between Hamilton Radiology and Medimaging. Hamilton Radiology and Medimaging each provide x-rays, ultrasound and other low tech services in Hamilton and Cambridge. More >>

Commission announces next step in setting UBA price

Wednesday, 3 April 2013, 9:05 am | Commerce Commission

The Commerce Commission has today released an updated timetable for completing its determination of a cost-based price for wholesale broadband the unbundled bitstream access (UBA) service. Telecommunications Commissioner Dr Stephen Gale announced that ... More >>

Penalties for souvenir companies that misled tourists

Tuesday, 2 April 2013, 9:31 am | Commerce Commission

Two companies and two individuals have been convicted and fined a total of $259,000 in the Auckland District Court for manufacturing and selling to visiting Asian tourists a range of high-priced souvenir items that were not what they claimed to be. More >>

Commerce Commission seeks information on interest rate swaps

Wednesday, 27 March 2013, 1:28 pm | Commerce Commission

The Commerce Commission is seeking more information from farmers and others who entered into a financial derivative product known as interest rate swaps. The Commission has received complaints primarily from the rural community alleging they were mis-sold ... More >>

Businesses urged to take care with Holidays Act surcharges

Wednesday, 27 March 2013, 9:18 am | Commerce Commission

Businesses that open for trading over Easter, such as cafes and bars, must not mislead their customers about their reason for a surcharge. More >>

Commerce Commission clears merger of Penguin, Random House

Tuesday, 19 March 2013, 4:43 pm | Commerce Commission

The Commerce Commission has cleared Bertelsmann SE & Co. KGaA (owner of Random House) and Pearson plc (owner of Penguin) to form a new jointly-owned company - Penguin Random House- which will acquire the consumer book publishing businesses of the two ... More >>

Great News For Investors In Failed Investment Product

Tuesday, 19 March 2013, 9:59 am | Commerce Commission

Thousands of investors who lost millions of dollars when the financial product Credit SaILS failed in the global financial crisis will receive some welcome news in the post around Easter. More >>

Baxter International seeks clearance to acquire Gambro AB

Friday, 15 March 2013, 3:38 pm | Commerce Commission

The Commerce Commission has received an application from Baxter International Inc. seeking clearance to acquire Gambro Pty Ltd. The application relates to a global merger. More >>

Check liability for Telecommunications Development Levy

Wednesday, 13 March 2013, 9:20 am | Commerce Commission

The Commerce Commission reminds those who deliver telecommunications services to check whether they are liable to contribute to the 2012/13 Telecommunications Development Levy. More >>

Commission consulting on business competition guidelines

Friday, 8 March 2013, 3:12 pm | Commerce Commission

The Commerce Commission is consulting on new draft guidelines that outline the Commission’s approach to assessing clearance and authorisation applications. The Commission is consulting on a revised draft of the current Mergers and Acquisitions Guidelines, ... More >>

Lessons for Finance Sector from Investigation

Thursday, 7 March 2013, 9:18 am | Commerce Commission

The Commerce Commission is advising the finance sector to take note of the lessons to be learned from its investigation into the marketing and sale of the failed investment product Credit SaILS. The Commission has today released its Investigation Closure ... More >>