December 2014

ASB to pay $3.2m in interest rate swaps case

24 December 2014

The Commerce Commission has reached a $3.2 million settlement with ASB Bank Limited in relation to its marketing, promotion and sale of interest rate swaps to rural customers between 2005 and 2009.

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Commission releases final decision on liability allocation for telecommunications providers

22 December 2014

The Commerce Commission has released its final decision confirming how much 22 telecommunications providers will pay towards the $50 million Telecommunications Development Levy (TDL) for 2013/14.

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Commission concludes plasterboard investigation

22 December 2014

The Commerce Commission has completed its investigation into allegations that Winstone Wallboards Limited (a subsidiary of Fletcher Building) acted anti-competitively to maintain its market position in the manufacture and supply of plasterboard.

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Commission publishes emerging view on backdating prices for Chorus’ copper lines and broadband service

19 December 2014

The Commerce Commission has today published its emerging view on backdating the final prices that Chorus charges for its local copper lines and broadband service.

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Commerce Commission gives clearance for Connor to acquire shares in Acurity subject to Evolution selling down its shareholding after the takeover

19 December 2014

The Commission has given clearance to Connor Healthcare Limited to acquire all of the shares in Acurity Health Group Limited that Connor does not already own, subject to Evolution Healthcare (NZ) Pty Ltd divesting shares in Connor after the takeover.

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Commerce Commission files criminal proceedings against Auckland finance companies

17 December 2014

The Commerce Commission has filed criminal proceedings in Auckland District Court against finance companies Budget Loans Limited and Evolution Finance Limited, alleging their repossession and debt recovery practices breached the Fair Trading Act.

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Connor Healthcare makes a second clearance application to buy 100% of Acurity Healthcare

17 December 2014

The Commerce Commission has received a second application from Connor Healthcare Limited seeking clearance to acquire all of the shares that it does not currently own in Acurity Health Group Limited.

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Commission releases final report on statutory review of Fonterra’s 2014/15 Milk Price Manual

15 December 2014

The Commerce Commission today released its final report on its statutory review of Fonterra’s Milk Price Manual (the Manual) for the 2014/15 dairy season. The Manual sets out the rules for how Fonterra will calculate the amount it will pay dairy farmers for raw milk this season. This is called the base milk price.

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Commission releases final decision on the WACC used for information disclosure

12 December 2014

The Commerce Commission has released its final decision on the weighted average cost of capital (WACC) that will apply to information disclosure for electricity lines and gas pipeline businesses.

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Commission grants clearance to generic pharmaceutical merger

12 December 2014

The Commerce Commission has granted clearance to Mylan Inc. to acquire the Established Pharmaceuticals Division of Abbott Laboratories, Inc.

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Wild Nature sentencing concludes souvenir company prosecutions for misleading tourists – total fines imposed reach $1 million

12 December 2014

Auckland souvenir company Wild Nature NZ Limited and its director Mr Sung Ho (Stanley) Park have been fined $243,444 and $25,000 respectively in the Auckland District Court after pleading guilty to over 30 charges of making false representations about expensive alpaca and merino wool products for sale to tour groups.

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Commerce Commission declines clearance application for Connor Healthcare to acquire 100% of Acurity

11 December 2014

The Commerce Commission has declined an application from Connor Healthcare Limited to acquire all of the shares that it does not currently own in Acurity Health Group Limited.

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Statement of preliminary issues for Mayborn’s application to acquire Tommee Tippee

4 December 2014

The Commerce Commission has published a statement of preliminary issues relating to an application from Mayborn Group Limited (Mayborn) seeking clearance to acquire certain assets in the ownership of Jackel Pty Limited (Jackel), including intellectual property rights to the Tommee Tippee brands and trademarks relating to New Zealand.

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ANZ to pay $19 million in interest rate swaps case

3 December 2014

The Commerce Commission has reached a $19 million settlement with ANZ Bank New Zealand Limited (ANZ) in relation to the marketing, promotion and sale of interest rate swaps to rural customers between 2005 and 2009.

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Commission releases draft decisions on prices of copper lines and broadband service for consultation

2 December 2014

The Commerce Commission has today released draft decisions for consultation setting proposed prices that Chorus can charge for use of their local copper lines and broadband service. These are wholesale prices that Chorus charges retail telecommunications companies.

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November 2014

Commission releases final decisions on price-quality paths for electricity distributors

28 November 2014

The Commerce Commission has issued its final decisions on the default price-quality paths for 16 electricity distributors (lines companies) for the period 2015-2020.

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Commission releases final decision on Transpower’s price-quality path

28 November 2014

The Commerce Commission has issued its final decisions on the individual price-quality path for Transpower for the period 2015-2020.

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Commerce Commission receives infant formula authorisation application

27 November 2014

The Commerce Commission has received an application from the Infant Nutrition Council (INC) seeking authorisation to restrict their marketing activities of infant formula for children under six months of age.

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Commission grants clearance to consumer pharmaceutical merger

27 November 2014

The Commission has granted clearance to GlaxoSmithKline (GSK) to acquire the consumer healthcare business of Novartis AG (Novartis). As a result of the acquisition, the consumer healthcare businesses of both parties will be merged into a new, GSK controlled company called GlaxoSmithKline Consumer Healthcare Ltd.

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Commerce Commission releases draft decision on Transpower’s Upper South Island reliability project amendment application

25 November 2014

The Commerce Commission has released its draft decision approving Transpower’s application for an amendment to the Stage 1 Upper South Island reliability project.

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Vector granted clearance to acquire Arc from Meridian

25 November 2014

The Commerce Commission has granted clearance to Vector Limited (Vector) to acquire all of the shares in Arc Innovations Limited (Arc) from Meridian Energy Limited.

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Commission completes Countdown investigation

20 November 2014

The Commerce Commission has completed its investigation into allegations of anti-competitive and intimidating behaviour by Progressive Enterprises Ltd, the operator of Countdown supermarket chain, towards their suppliers.

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Commerce Commission to consider baby products merger

20 November 2014

The Commerce Commission has received an application from Mayborn Group Limited seeking clearance to acquire certain assets in the ownership of Jackel Pty Limited, including intellectual property rights to the Tommee Tippee brands and trademarks relating to New Zealand.

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Commission releases draft decision on liability allocation for telecommunications providers

12 November 2014

The Commerce Commission today released its draft decision about how much 22 telecommunications providers will pay towards the $50 million Telecommunications Development Levy (TDL) for 2013/14.

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Commerce Commission gives go-ahead for Expedia and Wotif merger

4 November 2014

The Commerce Commission has given online travel agent (OTA) Expedia Inc. the go-ahead to acquire up to 100% of the shares of Wotif.com Holdings Limited.

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Indicators for monitoring mobile telecommunications markets updated

3 November 2014

The Commerce Commission has announced its new indicators for monitoring the mobile telecommunications markets.

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October 2014

Commerce Commission reduces the margin that it applies to regulated businesses’ cost of capital

30 October 2014

The Commerce Commission has released its final decision on the weighted average cost of capital (WACC) used for regulated businesses.

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Souvenir company BGV International fined for misleading tourists

24 October 2014

Auckland souvenir company BGV International Ltd has been fined $22,000 in the Auckland District Court for misleading Asian tour groups about the country of origin of expensive alpaca rugs.

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Cavalier Wool Holdings applies for authorisation to merge with New Zealand Wool Services International Limited

23 October 2014

The Commerce Commission has received an application from Cavalier Wool Holdings Limited (Cavalier) seeking authorisation to acquire New Zealand Wool Services International Limited’s (WSI) wool scouring business.

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High Court credit fees judgment clarifies rules for lenders

22 October 2014

The High Court yesterday released a judgment that further clarifies the rules that lenders must comply with when charging credit fees to borrowers.

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Statement of preliminary issues for GlaxoSmithKline’s application to acquire Novartis’ consumer healthcare business

17 October 2014

The Commerce Commission has published a statement of preliminary issues relating to an application for GlaxoSmithKline to acquire Novartis’ consumer healthcare business.

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Commerce Commission suspends investigation into proposed changes to Chorus’ regulated UBA service

16 October 2014

The Commerce Commission’s investigation into Chorus’ proposed changes to the regulated unbundled bitstream access (UBA) service have been put on hold. 

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Commerce Commission releases draft report on statutory review of Fonterra’s 2014/15 Milk Price Manual

15 October 2014

The Commerce Commission today released its draft report on its statutory review of Fonterra’s Milk Price Manual (the Manual) for the 2014/15 dairy season. The Manual sets out how Fonterra will calculate how much it will pay dairy farmers for raw milk.

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Commerce Commission creates credit quiz for Money Week

13 October 2014

As part of Money Week 2014, the Commerce Commission is encouraging consumers to learn more about their rights and what they can do if things go wrong when borrowing money and buying goods on credit.

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Commerce Commission to consider generic pharmaceuticals merger

10 October 2014

The Commerce Commission has received an application from Mylan Inc. seeking clearance to acquire the Established Pharmaceuticals Division of Abbott Laboratories Inc.

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Tuakau Proteins Limited given clearance to acquire rendering assets of Graeme Lowe Protein Limited

8 October 2014

The Commerce Commission has granted clearance to Tuakau Proteins Limited to acquire the Tuakau rendering and trucking businesses and the Hawera rendering plant and equipment owned by Graeme Lowe Protein Limited (Lowe).

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Finance company to refund customers $3.3 million

7 October 2014

Broadlands Finance Limited will repay 807 customers approximately $3.3 million in overcharged interest and fees, as a result of a settlement between Broadlands and the Commerce Commission.

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September 2014

Commerce Commission to consider consumer pharmaceuticals merger

30 September 2014

The Commerce Commission has received an application from GlaxoSmithKline plc (GSK) seeking clearance to acquire Novartis AG’s consumer healthcare pharmaceutical business.

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Statement of preliminary issues for Connor's application to acquire Acuity

29 September 2014

The Commission has published a statement of preliminary issues relating to an application from Connor Healthcare Limited seeking clearance to acquire all the shares in Acuity Health Group Limited that it does not presently own.

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Statement of preliminary issues for electricity metering merger

25 September 2014

The Commerce Commission has published a statement of preliminary issues relating to an application from Vector Limited, seeking clearance to acquire Arc Innovations Limited from Meridian Energy Limited.

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Commission releases final report on 2013/14 review of Fonterra’s base milk price calculation

15 September 2014

The Commerce Commission today released its final report on Fonterra’s base milk price calculation for the 2013/14 dairy season. The base milk price is the price Fonterra pays to farmers for raw milk.

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Court ruling a win for consumer rights and reminder to traders

9 September 2014

The Commerce Commission says a recent precedent-setting Court of Appeal decision is a win for consumers and a reminder to traders tha­t it is not good enough to hide important information in fine print, or where consumers need to hunt for it.

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Commission welcomes UBA Court of Appeal judgment

8 September 2014

The Commerce Commission welcomes today’s Court of Appeal judgment in relation to Chorus’ appeal against the Commission’s November 2013 decision setting benchmarked cost-based prices for the unbundled bitstream access (UBA) service. The decision upholds the previous High Court decision in April 2014.

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Commerce Commission settles with Horizon Energy for earning almost $650K more than allowed under regulation

5 September 2014

The Commerce Commission has reached an out-of-court settlement with Horizon Energy Distribution Limited (Horizon Energy) for earning more than its price path allowed in 2011/12. For the year ended 31 March 2012, Horizon Energy exceeded its price path by $645,686 or 3%.

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Commerce Commission to consider electricity metering merger

5 September 2014

The Commerce Commission has received an application from Vector Limited seeking clearance to acquire Arc Innovations Limited from Meridian Energy Limited.

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Views sought on Chorus broadband proposal

4 September 2014

The Commerce Commission is seeking views on a legal opinion regarding proposals by Chorus which will affect its regulated UBA service.

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August 2014

Commission releases final decision on Transpower’s allowances and quality standards

29 August 2014

The Commerce Commission has released its final decision on the allowances for operating and base capital expenditure, quality standards, and reporting requirements that will be used to set Transpower’s price-quality path for the next five year regulatory period which begins in April 2015.

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Connor Healthcare seeks clearance to acquire 100% of Acurity

29 August 2014

The Commerce Commission has received an application from Connor Healthcare Limited seeking clearance to acquire all of the shares that it does not currently own in Acurity Health Group Limited. Connor Healthcare already has a 12% shareholding in Acurity.

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Commission seeks feedback on proposed changes to how it monitors mobile markets

28 August 2014

As part of a review of how it monitors telecommunications markets, the Commerce Commission is currently seeking feedback on the information it proposes to collect and report on in relation to mobile telecommunications markets.

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Wholesale pharmaceutical businesses given clearance to merge

21 August 2014

The Commerce Commission has granted clearance to CDC Pharmaceuticals Limited (CDC) and Pharmacy Wholesalers (Central) Limited (PWL Central) to merge their respective businesses.

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Commerce Commission launches website for health sector

19 August 2014

The Commerce Commission has today launched a new website aimed at helping the health sector understand more about competition and consumer laws and what they need to do to comply.

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Commission releases draft report on 2013/14 review of Fonterra’s base milk price calculation

15 August 2014

The Commerce Commission today released its draft report on Fonterra’s base milk price calculation for the 2013/14 dairy season. The base milk price is the price Fonterra pays to farmers for raw milk.

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Telemarketing company fined almost $170K for misleading claims and “slamming” customers

15 August 2014

Telemarketing company Power Marketing Limited has been fined $168,750 after pleading guilty in the Auckland District Court today to 23 charges under the Fair Trading Act. The charges related to misrepresentations the company made during telemarketing calls on behalf of telecommunications company Slingshot.

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Statement of preliminary issues for Expedia’s application to acquire Wotif

8 August 2014

The Commerce Commission has published a statement of preliminary issues relating to an application from Expedia Inc. (Expedia) seeking clearance to acquire up to 100% of the shares of Wotif.com Holdings Limited (Wotif).

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Court upholds souvenir sentences

8 August 2014

The High Court has rejected an appeal by four companies and four individuals who were convicted and fined a total of $601,900 for selling visiting Asian tourists 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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Forest Hill Farm owner sentenced to home detention for free range egg deception

5 August 2014

Mr John Garnett, owner of now-defunct Northland egg producer Forest Hill Farm, has been sentenced to 12 months home detention and 200 hours community service in the Whangarei District Court today for falsely packaging and selling cage eggs as free range or barn-laid eggs.

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Oji cleared to acquire Carter Holt Harvey Pulp & Paper

1 August 2014

The Commission has given clearance for Oji Oceania Management (NZ) Limited (Oji) to acquire up to 100% of the shares in Carter Holt Harvey Pulp & Paper Limited from Carter Holt Harvey Limited.

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July 2014

Atlas Copco granted clearance to acquire the Ash Air businesses

31 July 2014

The Commission has granted clearance to Atlas Copco South Pacific Holdings Pty Limited (Atlas Copco) to acquire the businesses operated by four Lancaster Group Limited subsidiary companies: Ash Air (N.Z) Limited, Ash Air Oil & Gas Limited, mbar 2011 Limited, and Fox Air NZ Limited (together, the Ash Air businesses).

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Commerce Commission to create consumer credit community of interest

31 July 2014

The Commerce Commission is holding its first ‘Credit Matters Roundtable’ in South Auckland today with a wide range of community organisations in attendance.

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Commission consulting on guidelines about unfair contract terms

31 July 2014

The Commerce Commission has today released draft guidelines on the new provisions of the Fair Trading Act dealing with unfair contract terms.

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Bledisloe New Zealand cleared to acquire Cremation Society of Canterbury and Harewood Memorial Gardens & Crematorium

25 July 2014

The Commission has granted clearance to Bledisloe New Zealand Limited (Bledisloe) to acquire the business and assets of Cremation Society of Canterbury Limited and Harewood Memorial Gardens & Crematorium Limited.

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Commission to investigate complaint about Chorus’ proposed changes to regulated broadband

22 July 2014

The Commerce Commission will investigate a complaint that Chorus’ proposed changes to the regulated unbundled bitstream access (UBA) service are an enforceable breach under the Telecommunications Act.

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Commission releases draft decision on the WACC used for regulation of electricity lines and gas pipeline services

22 July 2014

The Commerce Commission has released and is now seeking submissions on its draft decision on the weighted average cost of capital (WACC).

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Expedia seeks clearance to acquire Wotif

21 July 2014

The Commerce Commission has received an application from Expedia Inc. (Expedia) seeking clearance to acquire up to 100% of the shares of Wotif.com Holdings Limited (Wotif).

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Commerce Commission considers rendering merger

14 July 2014

The Commerce Commission has received an application for a newly formed company, Tuakau Proteins Ltd, to acquire certain animal rendering business interests from Graeme Lowe Protein Ltd, and Kakariki Proteins Ltd.

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Statement of preliminary issues published for CDC Pharmaceutical and Pharmacy Wholesalers merger

11 July 2014

The Commerce Commission has published a statement of preliminary issues relating to a joint application from CDC Pharmaceuticals Limited and Pharmacy Wholesalers (Central) Limited (PWL Central) seeking clearance to merge their respective wholesaling pharmaceutical businesses.

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Commission reminds consumers to watch out for in-app purchases

10 July 2014

The Commerce Commission is today reminding consumers about the potential to accidentally make in-app purchases when using applications (apps) on their mobile devices.

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Commission consults on approach to cost modelling the UCLL and UBA services

9 July 2014

The Commerce Commission has today released a consultation paper seeking views on a number of decisions in relation to the cost models it will build to price the unbundled bitstream access (UBA) service and the unbundled copper local loop (UCLL) service.

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Commission releases issues paper relating to its assessment of unregulated UBA services

7 July 2014

The Commerce Commission today released an issues paper relating to its assessment of whether the two new unregulated UBA services, Boost HD and Boost VDSL, proposed by Chorus on 14 May, fall within the category of regulated UBA service.

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Commerce Commission releases draft price-quality paths for electricity distributors

4 July 2014

The Commerce Commission is seeking submissions on its proposed average price limits and quality targets for 16 electricity distributors.

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June 2014

Commission updates process for assessing unregulated UBA services

27 June 2014

The Commerce Commission today updated its process for assessing whether the two new and unregulated unbundled bitstream access (UBA) services, Boost HD and Boost VDSL, proposed by Chorus on 14 May, fall within the category of regulated UBA service.

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Commerce Commission warns electricity distributors about service quality

27 June 2014

The Commerce Commission has warned Eastland Network Limited (Eastland), Aurora Energy Limited (Aurora) and Electricity Invercargill Limited (Electricity Invercargill) after they each failed to comply with the quality standards for electricity distributors in 2012.

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Commission releases expert reports about the WACC percentile

23 June 2014

The Commerce Commission has released a number of expert reports as part of its ongoing review of the appropriate percentile estimate of the weighted average cost of capital (WACC).

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Commerce Commission publishes expert reports on rate of return on capital for telecommunications services

23 June 2014

The Commerce Commission today published two expert reports about the rate of return on capital for the unbundled copper local loop (UCLL) network and the unbundled bitstream access (UBA) service.

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CDC Pharmaceuticals and Pharmacy Wholesalers (Central) seek clearance to merge

19 June 2014

The Commerce Commission has received a joint application from CDC Pharmaceuticals Limited and Pharmacy Wholesalers (Central) Limited (PWL Central) seeking clearance to merge their respective businesses.

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Commission encourages New Zealanders to know their rights

17 June 2014

On the day of significant changes to consumer law coming into effect, the Commerce Commission is encouraging New Zealanders to make sure they know their consumer rights.

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Statement of preliminary issues for Reckitt Benckiser’s application to acquire K-Y

11 June 2014

The Commerce Commission has published a statement of preliminary issues relating to an application from Reckitt Benckiser Group Plc (Reckitt Benckiser) seeking clearance to acquire the K-Y brand and product assets of Johnson & Johnson.

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Commission begins process for the 2013/14 review of Fonterra's milk price calculation

9 June 2014

The Commerce Commission today released a paper outlining the proposed process and timeline for a review of Fonterra’s base milk price calculation for the 2013/14 dairy season. The base milk price is what Fonterra pays the farmers who supply them milk.

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Commerce Commission supports Fraud Awareness Week

3 June 2014

The Commerce Commission is urging people to wake up to scammers and remember the old adage; if it looks too good to be true, it probably is.

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May 2014

Commission releases process paper on proposed commercial UBA services

30 May 2014

The Commerce Commission today confirmed its process for assessing the proposed commercial unbundled bitstream access (UBA) services, Boost HD and Boost VDSL, submitted to it by Chorus on 14 May.

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Telecom granted clearance to acquire previously unsold radio spectrum block

30 May 2014

The Commerce Commission has today granted a clearance to Telecom New Zealand Limited (Telecom) that will enable it to acquire the management rights for the final block of 5MHz radio spectrum in the 700MHz range from the Crown.

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Commerce Commission cracks pyramid selling scheme

30 May 2014

The Commerce Commission is urging people to be wary of get rich quick schemes after three businessmen were convicted and ordered to pay $140,000 in the Auckland District Court for promoting the Fastrack90 pyramid scheme, in breach of the Fair Trading Act.

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Commission issues final determination for Telecommunications Development Levy

27 May 2014

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

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Commerce Commission extends copper pricing consultation

22 May 2014

The Commerce Commission has today announced an extension to its timetable for determining wholesale prices under the final pricing principle (FPP) for both the unbundled bitstream access (UBA) and unbundled copper local loop (UCLL).

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Telco report shows that consumers are getting more for their money

21 May 2014

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

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Oji seeks clearance to acquire CHH pulp & paper business

21 May 2014

The Commerce Commission has received an application from Oji Oceania Management (NZ) Limited seeking clearance to acquire up to 100% of the shares in Carter Holt Harvey Pulp & Paper Limited (CHHPP) from Carter Holt Harvey Limited.

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Reckitt Benckiser seeks clearance to acquire certain assets of Johnson & Johnson

19 May 2014

The Commerce Commission has received an application from Reckitt Benckiser Group Plc (Reckitt Benckiser) seeking clearance to acquire the K-Y brand and product assets of Johnson & Johnson.

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Commerce Commission releases draft decision on Transpower’s expenditure allowances for 2015-2020

16 May 2014

The Commerce Commission has today released its draft decision on the allowances for operating and base capital expenditure that will be used to set Transpower’s price path for the period from 1 April 2015 to 31 March 2020. The price path sets the maximum revenues Transpower can recover from customers each year.

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Commission releases decision on Transpower upgrade

12 May 2014

The Commerce Commission has today released its decision to approve Transpower’s proposed $161m replacement and upgrade of the lines between the Bunnythorpe substation near Palmerston North and the Haywards substation in the Hutt Valley.

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Commerce Commission seeks further complainants in farming swaps case

9 May 2014

The Commerce Commission is asking for any remaining rural customers who have concerns with the way that interest rate swaps were sold to them to come forward.

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IAG cleared to buy Lumley

7 May 2014

The Commerce Commission has granted clearance to IAG (NZ) Holdings Limited to acquire Lumley General Insurance (N.Z.) Limited.

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Commerce Commission launches website for construction industry

7 May 2014

The Commerce Commission will today launch a new website for the construction industry. The website will help industry members increase their understanding of competition and consumer laws so they can improve their compliance.

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Commerce Commission considers Christchurch cremation merger

5 May 2014

The Commerce Commission has received an application from Bledisloe New Zealand Limited seeking clearance to acquire the business and assets of Cremation Society of Canterbury Limited and Harewood Memorial Gardens & Crematorium Limited (the Vendors).

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April 2014

Commission revises draft Telecommunications Development Levy paper

24 April 2014

The Commerce Commission today released a revised 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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Commission urges businesses to know, and follow, the law over Easter

17 April 2014

Easter Saturday and Sunday are not public holidays, casual staff may not be covered under the Holidays Act and businesses must not mislead customers when applying a surcharge.

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BlueScope Steel cleared to buy steel production assets of Pacific Steel

16 April 2014

The Commerce Commission has granted clearance to BlueScope Steel (NZ) Limited to acquire Pacific Steel Group’s rolling mill and wire mill manufacturing operations in Auckland and its New Zealand long steel distribution, marketing and sales operations from Fletcher Steel Limited.

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Statement of preliminary issues for Atlas Copco’s application to acquire Ash Air

16 April 2014

The Commerce Commission has published a statement of preliminary issues relating to an application from Atlas Copco South Pacific Holdings Pty Limited (Atlas Copco) seeking clearance to acquire some of the assets of Lancaster Group Limited including Ash Air (N.Z) Limited, Ash Air Oil & Gas Limited, MBAR 2011 Limited, and Fox Air NZ Limited (together, Ash Air).

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Commission welcomes High Court judgement over UBA challenge

8 April 2014

The Commerce Commission welcomes today’s High Court judgment in relation to Chorus’ appeal against the Commission’s November 2013 decision setting cost-based prices for the unbundled bitstream access (UBA) service.

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Commission completes long running trans-Tasman cartel case

8 April 2014

The Commerce Commission has completed its long running case involving the cardboard packaging cartel between Visy Board Pty Ltd (Visy) and Amcor Ltd with the final defendant, Mr James Hodgson, being ordered to pay a penalty of $60,000 and costs of $38,352 for his involvement.

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Air freight cartel nets almost $12 million in penalties

8 April 2014

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million and sends a strong message to the business community that cartel behaviour is unacceptable.

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Commerce Commission confirms forex investigation

7 April 2014

The Commerce Commission has confirmed that it has an investigation into possible manipulation of currency rates and possible influencing of benchmarks in foreign exchange (forex) markets.

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Atlas Copco seeks clearance to acquire Ash Air

2 April 2014

The Commerce Commission has received an application from Atlas Copco South Pacific Holdings Pty Limited (Atlas Copco) seeking clearance to acquire some of the assets of Lancaster Group Limited including Ash Air (N.Z) Limited, Ash Air Oil & Gas Limited, MBAR 2011 Limited, and Fox Air NZ Limited (together, Ash Air).

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Interest rate swaps case – further information being assessed

2 April 2014

The Commerce Commission has announced that it is currently assessing new information received concerning the banks involved in the interest rate swaps investigation.

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Commerce Commission and FMA sign MOU

1 April 2014

The Commerce Commission has signed a Memorandum of Understanding (MOU) with the Financial Markets Authority (FMA) in advance of the commencement of key parts of the Financial Markets Conduct Act 2013.

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Vehicle finance company and director fined for ‘vehicle-go-round’

1 April 2014

Mt Maunganui finance company MAC Warranties Ltd (MAC) has today been fined $42,250 in the Auckland District Court for 17 breaches of the Fair Trading Act (FTA). MAC’s director and shareholder Alan Spiers has been fined $22,750 for a further 11 breaches.

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March 2014

Commission to begin further work on WACC input methodologies

31 March 2014

Following recent stakeholder consultation, the Commerce Commission has decided to issue a notice of intention to do further work on the input methodologies relating to the percentile estimate of the weighted average cost of capital (WACC).

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Commission confirms UCLL and UBA decision by December

28 March 2014

The Commerce Commission has today confirmed that it will conduct the final pricing principle (FPP) for both the unbundled bitstream access (UBA) and unbundled copper local loop (UCLL) services by 1 December 2014.

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Commission releases draft decision on Transpower’s line upgrade

27 March 2014

The Commerce Commission has today released its draft decision to approve Transpower’s proposed line upgrade between its Bunnythorpe substation near Palmerston North and Haywards substation in the Hutt Valley.

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Carter Holt Harvey fined for “classic” price fixing breaches

26 March 2014

Commerce Commission General Manager Competition, Kate Morrison says the High Court’s decision to fine Carter Holt Harvey $1.85 million for price fixing in the Auckland commercial timber market highlights the potential impact of price fixing on consumers.

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Commission consults on cost of capital for telecommunications price reviews

7 March 2014

The Commerce Commission is seeking submissions on its proposed approach to setting the rate of return on capital for the unbundled copper local loop (UCLL) network and the unbundled bitstream access (UBA) service.

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New Zealand mobile phone plans rate well across OECD countries

6 March 2014

The Commission has today released a report comparing prices for mobile services in New Zealand over the last year with prices in other OECD countries.

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February 2014

New information disclosure requirements for Transpower

28 February 2014

The Commerce Commission has today issued information disclosure requirements for Transpower, the owner and operator of the national electricity transmission grid.

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Bluescope Steel seeks clearance to acquire certain assets of Pacific Steel Group

24 February 2014

The Commerce Commission has received an application from Bluescope Steel (NZ) Ltd (Bluescope) seeking clearance to acquire some of the assets of Pacific Steel Group’s (PSG) steel production business.

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

21 February 2014

The Commission has granted clearance to USG Corporation (USG) and Boral Limited (Boral) to enter into a joint venture.

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Commission issues penny-auction website warning - 'DealSave'

21 February 2014

The Commerce Commission is warning consumers to be aware of the penny-auction website ‘DealSave’ (www.mydealsave.com), as it has concerns about the site which runs auctions for electronic items such as cameras, tablets, phones and televisions.

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Commission seeks views on cost of capital input methodologies

20 February 2014

The Commerce Commission is now inviting views on whether it should consider reviewing or amending the input methodologies for the cost of capital that apply to electricity lines services, gas pipeline services and specified airport services regulated under Part 4 of the Commerce Act 1986.

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Commission confirms formal investigation into allegations

20 February 2014

The Commerce Commission has confirmed it is formally investigating the allegations of anti-competitive behaviour towards suppliers by Countdown.

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Commission advises confidentiality available

14 February 2014

The Commerce Commission confirmed yesterday that it is assessing alleged anti-competitive behaviour by Countdown towards their suppliers.

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Commission issues final report on Christchurch International Airport

13 February 2014

The Commerce Commission has released its final report to the Ministers of Commerce and Transport on the effectiveness of the information disclosure regulation in relation to Christchurch International Airport. This report completes the review of each of the three airports regulated under Part 4 of the Commerce Act, required by section 56G of the Act.

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Commission issues warning over ‘no discounting’ clause

13 February 2014

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.

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Commerce Commission assessing allegations against Countdown

13 February 2014

The Commerce Commission has confirmed that it has received a written complaint outlining concerns of alleged anti-competitive behaviour by Countdown towards their suppliers.

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Commerce Commission releases UBA process and issues paper

7 February 2014

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.  

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January 2014

Statement of preliminary issues for IAG’s application to acquire 100% of the shares in Lumley

30 January 2014

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).

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Bauer given clearance to acquire magazine titles

24 January 2014

The Commerce Commission has cleared Bauer Media Group (NZ) LP (Bauer) to acquire all of the assets used by APN Specialist Publications NZ Limited (APNSP) in the publication of the New Zealand editions of the following magazines: New Zealand Woman’s Weekly; Simply You; Simply You Living; New Zealand Listener; and Crème.

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Finance company fined for its part in toxic water claims investigation

24 January 2014

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.

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Commission settles with Vodafone over ‘Broadband Lite’ promotion

16 January 2014

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.

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