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Commerce Commission - Latest News [Page 99]
Commerce Commission recommends mobile regulation
Wednesday, 12 May 2010, 9:23 am | Commerce Commission
In a draft reconsideration report issued today, the Commerce Commission has indicated that its preliminary view is to recommend that the Minister for Communications and Information Technology regulate mobile termination access services, and not accept ... More >>
Settlement reached over breaches of consumer law
Tuesday, 11 May 2010, 11:13 am | Commerce Commission
In a settlement reached with the Commerce Commission, Foundation Custodians, a non-bank financier, has admitted breaching the Credit Contracts and Consumer Finance Act (CCCF Act) and the Fair Trading Act in relation to fees charged on early loan repayments. ... More >>
Mortgage break fees investigation concluded
Tuesday, 11 May 2010, 11:02 am | Commerce Commission
The Commerce Commission has concluded its investigation under the Credit Contracts and Consumer Finance Act (CCCF Act) into the mortgage break fees charged by banks when customers repay their fixed-rate loans early. More >>
Novartis granted clearance to acquire 52.15% share
Thursday, 6 May 2010, 3:17 pm | Commerce Commission
The Commerce Commission has granted clearance for Novartis AG to acquire Nestlé S.A.’s 52.15 per cent shareholding in Alcon, Inc. More >>
Consumers misled by imported royal jelly
Wednesday, 5 May 2010, 10:50 am | Commerce Commission
A company that sold a product made from royal jelly imported from China, with labels that implied the product was made in New Zealand, has been fined $15,000 in the Auckland District Court yesterday. More >>
AMP Applies To Acquire AXA Asia Pacific
Monday, 3 May 2010, 11:48 pm | Commerce Commission
The Commerce Commission has received an application from AMP Limited seeking clearance to acquire the Australian and New Zealand assets and business of AXA Asia Pacific Holdings Limited. More >>
Company executive fined for Fair Trading breach
Friday, 30 April 2010, 10:52 am | Commerce Commission
The former managing director of a timber company that has gone into liquidation has pleaded guilty to 36 charges of breaching the Fair Trading Act in relation to misleading timber retailers and consumers about the characteristics of timber frames and roof ... More >>
Gisborne Farmers Market agrees to remove pricing
Wednesday, 28 April 2010, 12:02 pm | Commerce Commission
The Commerce Commission has concluded its investigation into an allegation of price-fixing by the Committee of Gisborne Farmers Market. A settlement has been reached which has resolved the issue without any need for court action, and ensures that prices ... More >>
Issues in Tomarata Sand's clearance application
Monday, 26 April 2010, 3:21 pm | Commerce Commission
The Commerce Commission has published a statement of preliminary issues relating to an application seeking clearance received from Tomarata Sand Limited, which is owned by Stan Semenoff. The application, received on 13 April 2010, sought clearance ... More >>
Injunction granted against water filter companies
Monday, 26 April 2010, 1:20 pm | Commerce Commission
Three companies involved in selling Love Springs branded water filters door to door have been restrained from engaging in conduct which is alleged to breach the Fair Trading Act, as a result of an interim injunction obtained by the Commerce Commission. More >>
Increasing competition in telecommunications
Friday, 23 April 2010, 10:47 am | Commerce Commission
The Commerce Commission has today released its 2009 telecommunications monitoring report analysing the state of New Zealand telecommunications markets. As well as looking at developments in 2009, the report also assesses the progress seen since ... More >>
Hoyts granted clearance to buy Berkeley exhibition
Wednesday, 21 April 2010, 5:40 pm | Commerce Commission
The Commerce Commission has granted clearance for Hoyts Corporation Holdings (NZ) Limited to acquire the Berkeley film exhibition business from Everard Entertainment Limited. More >>
‘Text to win’ company pleads guilty to breach
Wednesday, 21 April 2010, 10:59 am | Commerce Commission
An overseas-based company that ran a series of text to win trivia competitions has pleaded guilty to breaching the Fair Trading Act by not properly disclosing all the terms and conditions related to the competitions. They have been fined $125,000 and ... More >>
Minister to consider Vodafone pricing plan
Tuesday, 20 April 2010, 10:00 am | Commerce Commission
In response to a query from the Minister for Communications and Information Technology, the Commerce Commission has invited the Minister to consider the launch of Vodafone’s Talk Add-on product in his assessment of whether Telecom’s and Vodafone’s mobile ... More >>
Supreme Court overrules Commission’s pursuit
Friday, 16 April 2010, 12:59 pm | Commerce Commission
The Commerce Commission has today received judgment from the Supreme Court in relation to an issue of jurisdiction relating to individuals resident overseas who are alleged to have breached the Commerce Act. More >>
VDSL decision confirmed by Commerce Commission
Friday, 16 April 2010, 10:15 am | Commerce Commission
The Commerce Commission has today issued a decision related to Telecom’s use of VDSL technologies in the provision of wholesale broadband services. More >>
Analysis Report Of Telecom’s 2009 Statements
Thursday, 15 April 2010, 9:49 am | Commerce Commission
The Commerce Commission today published its summary and analysis of Telecom Corporation of New Zealand Limited’s first regulatory financial statements for the financial year ending 30 June 2009. More >>
Transpower needs regulation
Wednesday, 14 April 2010, 10:03 am | Commerce Commission
The Commerce Commission has recommended to the Minister of Commerce that Transpower be subject to individual price-quality regulation following the expiry of its administrative settlement with the Commission. More >>
Tomarata Sand Applies To Acquire Coastal Resources
Tuesday, 13 April 2010, 5:07 pm | Commerce Commission
The Commerce Commission has received an application from Tomarata Sand Limited seeking clearance to acquire the assets and business of Coastal Resources Limited. More >>
Novartis AG applies for clearance
Thursday, 1 April 2010, 5:21 pm | Commerce Commission
The Commerce Commission has received an application from Novartis AG seeking clearance to acquire the majority shareholding in Alcon, Inc. More >>
