Thursday, 13 February 2014
Commission issues warning over 'no discounting' clause
The Commerce Commission has warned all New Zealand District Health Boards (DHBs) and pharmacies nationwide that “no discounting” clauses in the 2012 Community Pharmacy Services Agreement (CPSA) are likely to have breached s 27 of the Commerce Act 1986.
Friday, 7 February 2014
Commerce Commission releases UBA process and issues paper
The Commerce Commission has today released a paper which outlines the proposed process for pricing Chorus' wholesale broadband – the unbundled bitstream access (UBA) service - according to the 'Final Pricing Principle' in the Telecommunications Act.
Thursday, 30 January 2014
Statement of preliminary issues for IAG's application to acquire 100% of the shares in Lumley
The Commerce Commission has published a statement of preliminary issues relating to an application from IAG (NZ) Holdings Limited (IAG) to acquire 100% of the shares in Lumley General Insurance (N.Z.) Limited (Lumley).
Saturday, 25 January 2014
Finance company fined for its part in toxic water claims investigation
Auckland based finance company Tiny Terms Limited has been fined $77,200 in the Auckland District Court today for its part in the door to door sale of water filters by Love Springs Limited.
Thursday, 16 January 2014
Commission settles with Vodafone over 'Broadband Lite' promotion
Vodafone NZ Limited has paid out $268,231 to customers in a settlement reached with the Commerce Commission concerning the company’s promotion of the “Broadband Lite” service.
Monday, 23 December 2013
Commerce Commission releases latest retail price benchmarking for telco services
The Commerce Commission has released its third report benchmarking New Zealand retail prices for fixed-line phone and broadband services against international prices.
Friday, 20 December 2013
Statement of preliminary issues for USG's and Boral's application to form a joint venture
The Commerce Commission has published a statement of preliminary issues relating to USG Corporation’s and Boral Limited’s joint application seeking clearance to enter into a joint venture.
Commission commences proceedings in relation to Auckland timber cartel
The Commerce Commission has today filed proceedings in the High Court against Carter Holt Harvey Limited for price fixing in the Auckland timber market.
IAG seeks clearance to acquire Lumley
The Commerce Commission has received an application from IAG (NZ) Holdings Limited (IAG) seeking clearance to acquire 100% of the shares in Lumley General Insurance (N.Z.) Limited (Lumley).
Thursday, 19 December 2013
Thermo Fisher cleared to acquire Life Technologies subject to a divestment undertaking
The Commerce Commission has cleared Thermo Fisher Scientific Inc.
Consumer law modernised and extended
The Commerce Commission says it’s ready to enforce the changes enacted by the passage into law this week of the Fair Trading Amendment Act 2013, and urges businesses to know the new ground rules and ensure they act within the law.
Commission closes Air New Zealand credit card surcharge investigation
The Commerce Commission has concluded an investigation into credit card surcharging by Air New Zealand and found that the airline has not engaged in conduct likely to breach the Fair Trading Act (FTA).
Commerce Commission releases data on interchange and credit card settlements
The Commission today released its ‘Evaluation of the 2009 interchange and credit card settlements’.
Tuesday, 17 December 2013
Commerce Commission proposes to issue proceedings on interest rate swaps
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.
Monday, 16 December 2013
Commission releases final report on Fonterra's milk price manual
The Commerce Commission has today released its final report on its statutory review of Fonterra’s milk price manual.
Thursday, 12 December 2013
Slingshot fined for "slamming" customers
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.
Commerce Commission welcomes judgment on merits of its input methodology determinations
The Commerce Commission today welcomed a High Court judgment in relation to challenges against its December 2010 input methodologies decisions.
Wednesday, 11 December 2013
Commerce Commission gives public notice that it has commenced a review of the price list of the UCLFS STD determination
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).
Monday, 9 December 2013
Commerce Commission closes out successful Credit SaILS investigation
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.
Friday, 6 December 2013
Company director breaches Fair Trading Act over Elton John train journey
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.
Commerce Commission releases consultation document for reviewing the price of Chorus' Unbundled Copper Local Loop Service
The Commerce Commission has today released a consultation document for the Final Pricing Principle (FPP) of Chorus’ Unbundled Copper Local Loop (UCLL) Service.
This paper seeks views on the process that the Commission should take, as well as some of the key issues to address in setting the final price for the UCLL Service using the TSLRIC methodology.
Thursday, 5 December 2013
Commerce Commission reaches settlement with Wellington Electricity on its 2012 price path breach
The Commerce Commission has signed an out-of-court settlement agreement with Wellington Electricity Lines Limited (Wellington Electricity) after it breached its price path for the 1 April 2011 to 31 March 2012 assessment period.
Wednesday, 4 December 2013
USG Corporation and Boral Limited seek clearance to form a joint venture
The Commission has received a joint application from USG Corporation and Boral Limited seeking clearance to enter into a joint venture.
Friday, 29 November 2013
PropertyIQ granted clearance to acquire Terralink
The Commerce Commission has cleared PropertyIQ New Zealand Limited to acquire the business and assets of Terralink International Ltd.
Commerce Commission publishes North Island Grid Upgrade Project paper
The Commerce Commission is seeking views on Transpower’s application to amend the allowance approved for the North Island Grid Upgrade Project (NIGU Project).
Wednesday, 27 November 2013
Commerce Commission sets guidelines for international information requests
The Commerce Commission has today released its guidelines for Overseas Requests for Compulsorily Acquired Information and Investigative Assistance.
Friday, 22 November 2013
Auckland car salesman convicted of dishonest online auction bids
Auckland car salesman Craig James Rutherford has been fined $12,100 in the Auckland District Court today on 11 charges of breaching the Fair Trading Act (FTA) by shill bidding during the sale of cars on the Trade Me auction website.
Wednesday, 20 November 2013
Rubbish bag company fined heavily for misleading environmental claims
Eco-Pal Ltd (Eco-Pal), a manufacturer of plastic rubbish bags, has been sentenced in the Auckland District Court for environmental claims it made that breached the Fair Trading Act (FTA).
Tuesday, 12 November 2013
Baycorp settlement puts credit industry on notice
The Commerce Commission says its settlement with Baycorp (NZ) Limited (Baycorp), under which debtors have been refunded or had account balances reduced by a total of $3.5m, sends a strong message to the credit industry that participants must comply with their obligations under the Credit (Repossession) Act 1997 (CRA).
Wednesday, 6 November 2013
Commerce Commission issues "Stop Now" letter to finance companies
The Commerce Commission has issued a ‘Stop Now’ letter to finance companies Evolution Finance Limited (Evolution Finance) and Budget Loans Limited (Budget Loans) asking them to stop repossessing, or asserting a right to repossess, consumer goods where the applicable loan contract does not provide them with a right to do so.