Commerce Commission - Latest News [Page 98]
Company admits 34 breaches of Fair Trading Act
Tuesday, 27 July 2010, 11:19 am | Commerce Commission
Budget Loans Limited has pleaded guilty to 34 charges of breaching the Fair Trading Act in the Auckland District Court today. The charges relate to misleading claims made by Budget Loans that it was entitled to recover certain interest and fees from ... More >>
$100,000 penalties imposed in Waikato pathology
Friday, 23 July 2010, 1:50 pm | Commerce Commission
The High Court in Auckland has imposed penalties on New Zealand Diagnostic Group and Pathology Associates Limited after they admitted being parties to an anti-competitive agreement concerning community pathology testing services in the Waikato area. More >>
Beware of credit card scam
Friday, 23 July 2010, 12:16 pm | Commerce Commission
The Commerce Commission is urging New Zealanders not to fall for a scam in which people are being phoned and told they are eligible for a refund for overcharges on their credit card, but they have to pay the scammers money in order to receive the ... More >>
Commission directs $45m to ANZ/ING investors
Wednesday, 21 July 2010, 10:36 am | Commerce Commission
The Commerce Commission has determined the payment method for distribution of the $45 million settlement fund agreed with ANZ National Bank Limited (ANZ) and ING (NZ) Limited (ING) in respect of the ING Diversified Yield Fund (DYF) and ING Regular ... More >>
Caution needed again over holiday vouchers
Monday, 19 July 2010, 10:42 am | Commerce Commission
Consumers should exercise caution when approached by telemarketers selling vouchers for discounted or free holidays, hotels and flights, the Commerce Commission warned today. More >>
Telecom settles over wholesale loyalty offer
Friday, 9 July 2010, 9:34 am | Commerce Commission
The Commerce Commission has reached a $1.6 million settlement with Telecom Corporation of New Zealand Limited. The settlement follows a Commission investigation launched after receiving complaints from the telecommunications industry alleging that Telecom ... More >>
New appointment to the Commerce Commission
Thursday, 1 July 2010, 2:34 pm | Commerce Commission
Commerce Minister Simon Power today announced that Dr Stephen Gale has been appointed as an associate member of the Commerce Commission. More >>
Reasons for price increases must not be misleading
Wednesday, 30 June 2010, 9:51 am | Commerce Commission
The Commerce Commission is reminding businesses of their obligation under the Fair Trading Act not to mislead consumers about the reasons for price increases. More >>
Commerce Commission releases Transpower decisions
Monday, 28 June 2010, 9:23 am | Commerce Commission
The Commerce Commission has today released its draft decisions and reasons on the application of individual price-quality regulation to Transpower. It complements a paper published on Friday 25 June 2010, setting out the Commission’s draft decisions ... More >>
Commerce Commission On Transpower
Saturday, 26 June 2010, 1:11 pm | Commerce Commission
The Commerce Commission has today published the fourth in a series of papers important to the development of input methodologies for regulated industries under Part 4 of the Commerce Act. More >>
Tomarata Sand granted clearance to acquire Coastal
Friday, 25 June 2010, 3:32 pm | Commerce Commission
The Commerce Commission has granted clearance to Tomarata Sand Limited to acquire the assets and business of Coastal Resources Limited relating to sand mining operations at Tomarata in Northland. More >>
Preformed Line Products granted clearance to buy
Thursday, 24 June 2010, 5:04 pm | Commerce Commission
The Commerce Commission has granted clearance for Preformed Line Products Company to acquire Electropar Limited. More >>
Competition review of UBA service
Wednesday, 23 June 2010, 9:20 am | Commerce Commission
The Commerce Commission today commenced a review to determine whether Telecom New Zealand Ltd faces limited competition in the provision of the unbundled bitstream access (UBA) service. The supply of the UBA service became subject to a competition ... More >>
Commerce Commission settles with ANZ and ING
Tuesday, 22 June 2010, 3:56 pm | Commerce Commission
In its largest monetary settlement to date, the Commerce Commission has secured $45 million for thousands of New Zealanders who invested in two funds marketed by ING (NZ) Limited (ING) and ANZ National Bank Limited (ANZN). This settlement follows ... More >>
Commerce Commission settles with ANZ and ING
Tuesday, 22 June 2010, 3:56 pm | Commerce Commission
In its largest monetary settlement to date, the Commerce Commission has secured $45 million for thousands of New Zealanders who invested in two funds marketed by ING (NZ) Limited (ING) and ANZ National Bank Limited (ANZN). This settlement follows ... More >>
Scandinavian Tobacco applies to acquire Match
Tuesday, 22 June 2010, 12:21 pm | Commerce Commission
The Commerce Commission has received an application from Scandinavian Tobacco Group seeking clearance to merge their New Zealand cigar and pipe tobacco business with Swedish Match. More >>
AMP granted clearance to buy AXA
Monday, 21 June 2010, 9:45 am | Commerce Commission
The Commerce Commission has granted clearance for AMP Limited to acquire the Australian and New Zealand operations of AXA Asia Pacific Holdings Limited. More >>
Draft decisions on Input Methodologies for gas
Monday, 21 June 2010, 9:43 am | Commerce Commission
The Commerce Commission has today published the third in a series of papers important to the development of input methodologies for regulated industries under Part 4 of the Commerce Act. It has released a paper setting out its draft decisions and reasons ... More >>
Draft decisions on Input Methodologies
Friday, 18 June 2010, 10:07 am | Commerce Commission
The Commerce Commission has reached another significant milestone in the development of input methodologies for regulated industries under Part 4 of the Commerce Act. It has today released a paper setting out its draft decisions and reasons on the ... More >>
1300 broadband customers to get refunds
Friday, 18 June 2010, 9:12 am | Commerce Commission
The Commerce Commission has reached a settlement with Telecom New Zealand Ltd (Telecom) under which Telecom will notify and refund approximately 1300 customers who may have been misled by a broadband promotion it conducted in 2008. Telecom will also contribute ... More >>
