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Commerce Commission - Latest News [Page 99]
Commerce Commission recommends mobile regulation
Wednesday, 16 June 2010, 10:04 am | Commerce Commission
In its reconsideration report issued today, the Commerce Commission has recommended under the Telecommunications Act that the Minister for Communications and Information Technology regulate mobile termination access services (MTAS), and not accept undertakings ... More >>
Car finance company fined for breaching laws
Tuesday, 1 June 2010, 5:05 pm | Commerce Commission
An Auckland-based car finance company has pleaded guilty to breaching the Credit Contracts and Consumer Finance Act (CCCF Act) and the Fair Trading Act in relation to car loan contracts. Dolbak Finance Limited has been fined a total of $2000 in ... More >>
New Regime for Airport Regulation Closer
Monday, 31 May 2010, 10:51 am | Commerce Commission
The Commerce Commission has reached an important milestone in the setting of a new regulatory regime for airports under Part 4 of the Commerce Act. More >>
False country of origin claims result in fines
Friday, 28 May 2010, 12:04 pm | Commerce Commission
A second company selling Royal Jelly in Auckland souvenir stores, falsely claiming its product to be New Zealand made, has been convicted and fined in the Auckland District Court yesterday. Shim’s International Limited, trading as Royal Deer of ... More >>
Commission advises industry on credit card fees
Friday, 21 May 2010, 9:35 am | Commerce Commission
The Commerce Commission has issued compliance advice letters to a number of banks and credit card providers (issuers) following an investigation into the reasonableness of credit card exception fees. Late payment and over-limit fees are two of a group ... More >>
Broadband report shows improvement in web browsing
Tuesday, 18 May 2010, 10:36 am | Commerce Commission
The Commerce Commission has released its report on New Zealand broadband quality covering the period 1 July to 31 December 2009. The report examines the quality of broadband services provided by New Zealand’s internet service providers (ISPs). ... More >>
New requirements for Telecom regulatory statements
Tuesday, 18 May 2010, 10:11 am | Commerce Commission
The Commerce Commission today published the new information disclosure requirements that Telecom must follow when preparing its regulatory financial statements. The requirements have been revised following a period of consultation. More >>
Revised draft credit fees guidelines released
Wednesday, 12 May 2010, 3:33 pm | Commerce Commission
The Commerce Commission today released revised draft guidelines outlining the Commission’s enforcement approach to credit fees under the Credit Contracts and Consumer Finance Act (CCCF Act). More >>
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 >>
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 >>
