December 2013

Commerce Commission releases latest retail price benchmarking for telco services

23 December 2013

The Commerce Commission has released its third report benchmarking New Zealand retail prices for fixed-line phone and broadband services against international prices.

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IAG seeks clearance to acquire Lumley

20 December 2013

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).

 

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Commission commences proceedings in relation to Auckland timber cartel

20 December 2013

The Commerce Commission has today filed proceedings in the High Court against Carter Holt Harvey Limited for price fixing in the Auckland timber market.

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Statement of preliminary issues for USG’s and Boral’s application to form a joint venture

20 December 2013

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.

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Commerce Commission releases data on interchange and credit card settlements

19 December 2013

The Commission today released its ‘Evaluation of the 2009 interchange and credit card settlements’. This paper outlines the agreement the Commission reached with banks and financial institutions in relation to the setting of fees charged to merchants/retailers for accepting credit card payments and how this impacted the market between 2010/11 and 2012/13.

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Commission closes Air New Zealand credit card surcharge investigation

19 December 2013

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).

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Consumer law modernised and extended

19 December 2013

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.

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Thermo Fisher cleared to acquire Life Technologies subject to a divestment undertaking

19 December 2013

The Commerce Commission has cleared Thermo Fisher Scientific Inc. (Thermo Fisher) to acquire Life Technologies Corporation (Life Technologies). The clearance is conditional on Thermo Fisher selling its foetal bovine serum (FBS) business to a third party.

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Commerce Commission proposes to issue proceedings on interest rate swaps

17 December 2013

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.

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Commission releases final report on Fonterra’s milk price manual

16 December 2013

The Commerce Commission has today released its final report on its statutory review of Fonterra’s milk price manual. The manual determines how Fonterra calculates the farm gate milk price, which is the price paid by Fonterra to dairy farmers for their raw milk.

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Commerce Commission welcomes judgment on merits of its input methodology determinations

12 December 2013

The Commerce Commission today welcomed a High Court judgment in relation to challenges against its December 2010 input methodologies decisions. The Court has dismissed all these appeals, ruling in favour of the Commission’s decisions on all but two relatively minor points out of at least fifty eight challenges.

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Big fines for toxic water claims

12 December 2013

Love Springs Limited and its director Phillip Smart have been fined a total of $555,000 in the Auckland District Court late yesterday afternoon for breaches of the Fair Trading Act in relation to the door to door sales of water filters.

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Slingshot fined for “slamming” customers

12 December 2013

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.

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Commerce Commission gives public notice that it has commenced a review of the price list of the UCLFS STD determination

11 December 2013

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).

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Commerce Commission closes out successful Credit SaILS investigation

9 December 2013

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.

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Commerce Commission releases consultation document for reviewing the price of Chorus’ Unbundled Copper Local Loop Service

6 December 2013

The Commerce Commission has today released a consultation document for the Final Pricing Principle (FPP) of Chorus’ Unbundled Copper Local Loop (UCLL) Service.

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Commerce Commission releases consultation document for reviewing the price of Chorus’ Unbundled Copper Local Loop Service

6 December 2013

The Commerce Commission has today released a consultation document for the Final Pricing Principle (FPP) of Chorus’ Unbundled Copper Local Loop (UCLL) Service.

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Company director breaches Fair Trading Act over Elton John train journey

6 December 2013

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.

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Commerce Commission reaches settlement with Wellington Electricity on its 2012 price path breach

5 December 2013

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.

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USG Corporation and Boral Limited seek clearance to form a joint venture

4 December 2013

The Commission has received a joint application from USG Corporation and Boral Limited seeking clearance to enter into a joint venture.

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November 2013

Commerce Commission determines Orion’s customised price-quality path

29 November 2013

The Commerce Commission has determined Orion’s customised price-quality path for 2014-2019, which takes into account Orion’s circumstances following the Canterbury earthquakes in 2010 and 2011.

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Commerce Commission publishes North Island Grid Upgrade Project paper

29 November 2013

The Commerce Commission is seeking views on Transpower’s application to amend the allowance approved for the North Island Grid Upgrade Project (NIGU Project).

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PropertyIQ granted clearance to acquire Terralink

29 November 2013

The Commerce Commission has cleared PropertyIQ New Zealand Limited to acquire the business and assets of Terralink International Ltd.

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Commerce Commission sets guidelines for international information requests

27 November 2013

The Commerce Commission has today released its guidelines for Overseas Requests for Compulsorily Acquired Information and Investigative Assistance.

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Auckland car salesman convicted of dishonest online auction bids

21 November 2013

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.

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Rubbish bag company fined heavily for misleading environmental claims

19 November 2013

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).

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Statement of preliminary issues for Bauer’s application to acquire certain magazine publishing assets of APNSP

15 November 2013

The Commerce Commission has published a statement of preliminary issues relating to an application from Bauer Media Group (NZ) LP (Bauer) to acquire certain magazine publishing assets of APN Specialist Publications NZ Ltd (APNSP).

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Baycorp settlement puts credit industry on notice

11 November 2013

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).

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Thermo Fisher seeks clearance to acquire Life Technologies

8 November 2013

The Commerce Commission has received an application from Thermo Fisher Scientific Inc. (Thermo Fisher) seeking clearance to acquire Life Technologies Corporation (Life Technologies).

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Commerce Commission issues “Stop Now” letter to finance companies

6 November 2013

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.

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Commerce Commission releases final decision on UBA price review

5 November 2013

The Commerce Commission has today released its final decision on the additional costs of Chorus’ unbundled bitstream access (UBA) service. These are the costs of providing the UBA service over and above the unbundled copper local loop (UCLL) price component.

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Bauer Media Group seeks clearance to acquire certain magazine publishing assets of APN

1 November 2013

The Commerce Commission has received an application from Bauer Media Group (NZ) LP (Bauer) seeking clearance to acquire certain magazine publishing assets of APN Specialist Publications NZ Ltd (APN).

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October 2013

Transpower’s maximum allowable revenues adjusted for the coming year

31 October 2013

The Commerce Commission has reduced Transpower’s maximum allowable revenue for the coming pricing year from 1 April 2014 to 31 March 2015 by $25.1 million, from $959.7 million to $934.6 million.

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Commission releases draft liability allocation determination

30 October 2013

The Commerce Commission today released its draft determination for the amount 22 telecommunications providers will pay towards the $50 million Telecommunications Development Levy (TDL) for 2012/13.

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Statement of preliminary issues for applications from Telecom and Vodafone to acquire 700 MHz spectrum

22 October 2013

The Commerce Commission has published a statement of preliminary issues relating to the applications from Telecom and Vodafone seeking clearance to acquire the management rights to 700 MHz radio spectrum.

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New information disclosure requirements for Transpower

21 October 2013

The Commerce Commission has today released for consultation its draft information disclosure requirements for electricity lines services supplied by Transpower.

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Menzies granted clearance to acquire Skystar

16 October 2013

The Commerce Commission has cleared Menzies Aviation (New Zealand) Limited to acquire Skystar Airport Services NZ Pty Limited.

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Commission issues draft report on Christchurch International Airport

15 October 2013

The Commerce Commission has released a draft of its report to the Ministers of Commerce and Transport on the effectiveness of the information disclosure regulation in relation to Christchurch International Airport.

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Commerce Commission releases draft report on statutory review of Fonterra’s 2013/14 Milk Price Manual

15 October 2013

The Commerce Commission has today released a draft report on its statutory review of Fonterra’s Milk Price Manual (Manual) for the 2013/14 dairy season. The Manual sets out the methodology for calculating the farm gate (base) milk price, which is the price paid by Fonterra to dairy farmers for raw milk they supply to Fonterra.

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Vodafone seeks clearance to acquire radio spectrum

10 October 2013

The Commerce Commission has received an application from Vodafone New Zealand Limited seeking clearance to acquire the management rights to 700 MHz radio spectrum.

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Commerce Commission issues warning to Sky

8 October 2013

The Commerce Commission has issued Sky Network Television Ltd (Sky) with a warning that it believes certain provisions in Sky’s contracts with telecommunications retail service providers (RSPs) are likely to have previously breached section 27 of the Commerce Act 1986 (the Commerce Act).

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Telecom seeks clearance to acquire radio spectrum

4 October 2013

The Commerce Commission has received an application from Telecom New Zealand Limited seeking clearance to acquire the management rights to 700 MHz radio spectrum.

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Commission updates guidelines about enforcement responses

1 October 2013

The Commerce Commission has today published its revised Enforcement Response Guidelines (ERG), which now include new Criminal Prosecutions Guidelines as an attachment.

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Commerce Commission consulting on Competitor Collaboration Guidelines

1 October 2013

The Commerce Commission has today released draft guidelines on its approach to assessing collaborations between competitors, in anticipation of the proposed amendments to the Commerce Act 1986, contained in the Commerce (Cartels and Other Matters) Amendment Bill.

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September 2013

Commerce Commission settles with third tier mortgage lender

26 September 2013

The Commerce Commission has entered into a settlement with a third tier mortgage lending company, Elderton Limited, after Elderton admitted breaching the Credit Contracts and Consumer Finance Act 2003 (CCCFA) and the Fair Trading Act in relation to loans it made to four customers.

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Statement of preliminary issues for Menzies’ application to acquire 100% of the shares of Skystar

17 September 2013

The Commerce Commission has published a statement of preliminary issues relating to an application from Menzies Aviation (New Zealand) Limited seeking clearance to acquire 100% of the shares of Skystar Airport Services NZ Pty Limited.

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Commerce Commission concludes review of the 2012/13 base milk price

16 September 2013

The Commerce Commission has today released its final report on the review of Fonterra’s 2012/13 base milk price calculation. This is the price Fonterra pays dairy farmers for their raw milk.

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Four more souvenir companies fined for misleading tourists

13 September 2013

Four companies and four individuals have been convicted and fined a total of $601,900 for selling visiting Asian tourists a range of imported alpaca goods as “Made in New Zealand”, and making claims that duvets were 100% alpaca or merino wool when they were not.

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Company director sentenced for pro forma invoicing

12 September 2013

Former company director Sonia Klair, was today sentenced to 10 months home detention at the Auckland District Court after pleading guilty to 64 charges brought by the Commerce Commission under the Crimes Act, in relation to her running a business which engaged in false billing practices, also known as pro-forma invoicing.

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King Pharmacy Group granted clearance to acquire Community Pharmacy in Linwood

4 September 2013

The Commerce Commission has cleared King Pharmacy Group Limited to acquire the pharmacy business of Community Pharmacy Limited.

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August 2013

Misleading green claims on plastic bags cop fines

30 August 2013

A manufacturer of plastic rubbish bags has been fined $30,000 in the Auckland District Court for breaches of the Fair Trading Act in relation to environmental claims that were liable to mislead.

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Menzies Aviation seeks clearance to acquire Skystar Airport Services

28 August 2013

The Commerce Commission has received an application from Menzies Aviation (New Zealand) Limited seeking clearance to acquire 100% of Skystar Airport Services NZ Pty Limited.

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Court endorses penalty in trans-Tasman cartel case

22 August 2013

Visy Board Pty Ltd (Visy) has been ordered to pay a penalty of $3.6 million in the High Court in Auckland today, and its former senior executive John Carroll $25,000, for breaching the Commerce Act by being involved in price fixing.

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King Pharmacy Group seeks clearance to acquire Community Pharmacy in Linwood

16 August 2013

The Commerce Commission has received an application from King Pharmacy Group Limited seeking clearance to acquire the pharmacy business of Community Pharmacy Limited.

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Commerce Commission releases review of base milk price

15 August 2013

The Commerce Commission has today released its review of Fonterra’s 2012/13 base milk price calculation. This is the price Fonterra pays dairy farmers for their raw milk.

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Commerce Commission releases draft decision on Orion’s customised price-quality path proposal

14 August 2013

The Commerce Commission has today released its draft decision on Orion’s customised price-quality path (CPP) proposal which takes into account Orion’s extraordinary circumstances following the Canterbury earthquakes in 2010 and 2011.

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Commerce Commission seeks further feedback for UBA price review

13 August 2013

The Commerce Commission has today released an update paper on matters relevant to its price review of the unbundled bitstream access (UBA) service. The UBA price review started last year and the Commission expects to make a final decision in late October. Under current legislation, the price will apply from 1 December 2014.

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Statement of preliminary issues for PropertyIQ’s application to acquire the business and assets of Terralink

9 August 2013

The Commerce Commission has published a statement of preliminary issues relating to an application from PropertyIQ seeking clearance to acquire the business and assets of Terralink.

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Christchurch company fined for misleading origin claims on sheepskin footwear

1 August 2013

Christchurch company Mi Woollies Limited has been convicted and fined $63,000 in the Christchurch District Court after pleading guilty to ten charges of breaching the Fair Trading Act (FTA). The charges, brought by the Commerce Commission, relate to false or misleading country of origin claims by Mi Woollies on its “UGG New Zealand” branded sheepskin footwear.

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July 2013

Commission issues final report on Auckland International Airport

31 July 2013

The Commerce Commission has today released its report to the Ministers of Commerce and Transport on the effectiveness of the information disclosure regulatory regime under Part 4 of the Commerce Act in relation to Auckland International Airport.

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Baxter International cleared to acquire Gambro AB subject to a divestment undertaking

31 July 2013

The Commerce Commission has cleared Baxter International Inc (Baxter) to acquire 100% of the shares in Gambro AB (Gambro). The clearance is conditional on Baxter selling its worldwide Continuous Renal Replacement Therapy (CRRT) business to a third party.

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Commission releases revised authorisation, and mergers and acquisitions guidelines

24 July 2013

The Commerce Commission has today released revised guidelines that outline its approach to assessing businesses’ authorisation and merger clearance applications. The guidelines were finalised after a public consultation period in March.

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SkyCity granted clearance to acquire Otago Casinos

17 July 2013

The Commerce Commission has cleared SkyCity Entertainment Group Ltd to acquire Otago Casinos Ltd.

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PropertyIQ seeks clearance to acquire Terralink

17 July 2013

The Commerce Commission has received an application from PropertyIQ NZ Limited seeking clearance to acquire the business and assets of Terralink International Limited.

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Money lending car dealer fined $22,000

12 July 2013

An Auckland-based car dealer has been fined $22,000 and ordered to pay $2,000 reparation in the Auckland District Court after admitting to a number of charges including misleading customers, selling unnecessary warranties, and charging higher interest rates than those agreed. In one case, he charged a customer over 60% interest on a car loan – 35% higher than the rate agreed.

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June 2013

Commission determines 26 companies liable for telecommunications levy

27 June 2013

The Commerce Commission today released its determination of the amounts 26 telecommunications providers will pay towards the $50 million Telecommunications Development Levy (TDL) for 2011/12.

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Commerce Commission opens investigation into Wilson Parking’s acquisition of assets of Tournament Parking

21 June 2013

The Commerce Commission has opened an investigation into Wilson Parking New Zealand Limited’s acquisition of Tournament Parking Limited’s parking assets.

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Air New Zealand final airline to settle with Commerce Commission in air cargo case

13 June 2013

The High Court has approved a settlement under which Air New Zealand will pay a $7.5 million penalty for price-fixing in breach of the Commerce Act. The company is the last airline to settle with the Commerce Commission in its long-running air cargo cartel case.

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Joint statement from Commerce Commission and Air New Zealand on air cargo case

5 June 2013

Air New Zealand has withdrawn its proceeding challenging the Settlement Agreement in the Air Cargo proceeding and will pay costs to the Commission in relation to the settlement of this dispute.

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May 2013

Taranaki flooring company warned over attempts to fix prices

28 May 2013

The Commerce Commission has issued a formal warning to flooring company Ansell Flooring Limited for attempting to fix prices for sanding and polishing services in the Taranaki region.

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Shill bidding costs car company more than $165,000

23 May 2013

An Auckland-based car company has been sentenced today in the Auckland District Court on 13 charges under the Fair Trading Act. The Auto Co (Millenium) Ltd has been fined $42,000 plus court costs of $1727.57 after pleading guilty to misleading consumers about the price of vehicles auctioned on Trade Me. The fine is on top of over $122,000 already paid in compensation to affected consumers and related costs.

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SkyCity Entertainment seeks clearance to acquire Otago Casinos

21 May 2013

The Commerce Commission has received an application from SkyCity Entertainment Group Limited (SkyCity) seeking clearance to acquire 100% of the shares in Otago Casinos Limited.

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Commission identifies companies liable for $50 million telecommunications levy

20 May 2013

The Commerce Commission today released its draft determination of the amounts telcos will pay towards the $50 million Telecommunications Development Levy for 2011/12.

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Canterbury power consumers’ opinions sought on proposed increase in prices

1 May 2013

The Commerce Commission is seeking the views of Canterbury consumers on an application by the lines company Orion to increase its electricity prices as it rebuilds its network following the earthquakes. Orion is also seeking to recover lost revenue and extra costs incurred as a result of the quakes.

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April 2013

Commission issues draft report on Auckland International Airport

30 April 2013

The Commerce Commission has today released its draft of a report to the Ministers of Commerce and Transport on the effectiveness of the information disclosure regulatory regime under Part 4 of the Commerce Act in relation to Auckland International Airport.

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Commerce Commission clears Vector to acquire Contact gas metering business

29 April 2013

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

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Demand for mobile data doubles for second year in a row says telco report

29 April 2013

The Commerce Commission today released its 2012 telecommunications annual monitoring report analysing the state of New Zealand’s telecommunications markets.

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More penalties in long-running air cargo cartel case

22 April 2013

The High Court has ordered three further airlines to pay a combined total of $9.6 million in penalties for their role in the air cargo cartel case brought by the Commerce Commission. This brings the total penalties in the case to over $35 million.

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Commission seeks public comment on Orion Customised Price-Quality Path Proposal

19 April 2013

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

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Commission urges caution for users of multi-purpose ladders

16 April 2013

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.

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Commission approves amendment to costs Transpower can recover for Otahuhu Substation project

15 April 2013

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 $99.0 million to $106.1 million (all in 2009 dollars).

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Commission announces next step in setting UBA price

3 April 2013

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.

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Commerce Commission declines merger of Hamilton Radiology and Medimaging radiology practices

3 April 2013

The Commerce Commission has declined to grant clearance to the formation of a joint venture between Hamilton Radiology and Medimaging.

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Penalties for souvenir companies that misled tourists with untrue claims

2 April 2013

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.

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March 2013

Businesses urged to take care with Holidays Act surcharges over Easter

27 March 2013

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

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Commerce Commission seeks more information on interest rate swaps

27 March 2013

The Commerce Commission is seeking more information from farmers and others who entered into a financial derivative product known as interest rate swaps.

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Great news in the post for investors in failed investment product Credit SaILs

19 March 2013

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.

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Commerce Commission clears merger of Penguin and Random House book publishers

19 March 2013

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 companies. Consumer books exclude text books and technical books.

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Baxter International seeks clearance to acquire Gambro AB

15 March 2013

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.

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Suppliers providing telecommunications services must check liability for Telecommunications Development Levy

13 March 2013

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

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Commission consulting on business competition guidelines

8 March 2013

The Commerce Commission is consulting on new draft guidelines that outline the Commission’s approach to assessing clearance and authorisation applications.

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Lessons for finance sector from Commerce Commission investigation into Credit SaILS

7 March 2013

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.

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February 2013

Commerce Commission sets prices and quality standards for gas pipeline services

28 February 2013

The Commerce Commission has released its final decision on the first default price-quality paths for gas pipeline services.

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Commission updates Primary Production select committee on interest rate swaps investigation

28 February 2013

Commerce Commission Chairman Dr Mark Berry has today provided an update to the Primary Production select committee on the Commission’s progress in its interest rate swaps investigation.

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Commission settles with Marac Finance following $500,000 payout

25 February 2013

The Commerce Commission has settled with Marac Finance Limited following the finance company’s decision to refund 1,000 customers a total of about $567,000.

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Commerce Commission clears Hirepool to purchase Hirequip

21 February 2013

The Commerce Commission has cleared the owner of Hirepool, Bligh Finance Limited, to purchase Hire Equipment Group Limited (Hirequip).

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Commerce Commission final report on Wellington International airport points to excessive profits

8 February 2013

The Commerce Commission’s report on the effectiveness of the information disclosure regulatory regime under Part 4 of the Commerce Act finds that the regime has not limited the ability of Wellington International Airport Limited to make excessive profits.

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January 2013

New report tracks electricity distributor trends 2008 –2011

30 January 2013

A new report from the Commerce Commission gives consumers information on how well their local electricity distribution business is performing.

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Statement of preliminary issues available for Perry Metal Protection Limited / CSP Coating Systems clearance application

25 January 2013

The Commerce Commission has published a statement of preliminary issues relating to an application from Perry Metal Protection Limited (PMP) to acquire the CSP Coating Systems (CSP) division from Fletcher Steel.

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Statement of preliminary issues available for Random House/Penguin clearance application

11 January 2013

The Commerce Commission has published a statement of preliminary issues relating to an application from Bertelsmann SE & Co. (owner of Random House) and Pearson plc (owner of Penguin) seeking clearance to form a new jointly-owned company to be called Penguin Random House, which will acquire the retail book publishing businesses of Random House and Penguin.

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Perry Metal Protection seeks clearance to acquire CSP Coatings

4 January 2013

The Commerce Commission has received an application for clearance from Perry Metal Protection Limited (PMP) to acquire the CSP Coating Systems (CSP) division from Fletcher Steel.

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