Media releases

October 2017

Cash for CAB in Commission settlement with Tower

18 October 2017

The Citizens Advice Bureau will receive approximately $75,000 as part of a settlement agreed between the Commerce Commission and Tower Insurance (Tower).

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Statement of Preliminary Issues released for Daiken/Dongwha

17 October 2017

The Commerce Commission has published a statement of preliminary issues relating to the proposed acquisition of Dongwha New Zealand Limited by Daiken New Zealand Limited.

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Commission releases draft report on Fonterra’s 2017/18 Milk Price Manual

13 October 2017

The Commerce Commission today released its draft report on its annual review of Fonterra’s Milk Price Manual for the 2017/18 dairy season.

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Don’t sell unsafe products urges Commerce Commission

13 October 2017

The Commerce Commission is urging importers, distributors and retailers to ensure that the products they sell comply with all relevant mandatory product safety standards and consumer information standards.

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Owner fined $151,875 for misrepresenting cladding as premium brand

5 October 2017

A former director and owner of the now-defunct Christchurch Lightweight Concrete Limited (Christchurch Lightweight) has been fined $151,875 for misrepresenting autoclaved aerated concrete cladding panels (AAC panels) as the Australian-made “Hebel” brand.

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Daiken seeks clearance to acquire Dongwha

4 October 2017

The Commerce Commission has received a clearance application from Daiken New Zealand Limited to acquire 100% of the shares in Dongwha New Zealand Limited.

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Annual performance summaries released for electricity lines companies

4 October 2017

The Commerce Commission has published its latest one-page summaries of key performance measures for each of New Zealand’s 29 electricity lines companies, covering the year to 31 March 2017.

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September 2017

Collective bargaining authorisation application from Waikato – Bay of Plenty Chicken Growers Association

25 September 2017

The Commerce Commission has received an application from the Waikato - Bay of Plenty Chicken Growers Association Incorporated seeking authorisation on behalf of its members to collectively negotiate the terms and conditions for its members to supply chicken growing services to Inghams Enterprises (NZ) Pty Limited.

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Fujitsu fined $310,000 in Commerce Commission’s first unsubstantiated claims case

20 September 2017

Heat pump supplier Fujitsu General New Zealand Limited (Fujitsu) has been fined $310,000 for making unsubstantiated or misleading claims about the energy efficiency and performance of some of its heat pumps.

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Final report on review of Fonterra’s 2016/17 base milk price calculation

15 September 2017

The Commerce Commission has today released its final report on Fonterra’s base milk price calculation for the 2016/17 dairy season. 

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Commission releases Consumer Issues Report for 2016/17 year

13 September 2017

The Commerce Commission has released its Consumer Issues Report for the year to 30 June 2017.

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Commission clears Tronox to buy titanium dioxide pigment business of Cristal

6 September 2017

The Commerce Commission has granted clearance for Tronox Limited (Tronox) to purchase the titanium dioxide (TiO2) pigment business of National Titanium Dioxide Company Ltd (Cristal), so far as it affects markets in New Zealand.

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Commission grants clearance for Essilor and Luxottica merger in NZ market

5 September 2017

The Commerce Commission has granted clearance for Essilor International (Compagnie Générale d’Optique) S.A. and Luxottica Group S.p.A to merge their business activities in New Zealand.

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Commission grants clearance for HealthCare NZ to acquire Geneva Healthcare

1 September 2017

The Commerce Commission has granted clearance for HealthCare of New Zealand Holdings Limited (HealthCare NZ) to acquire 100% of the shares in Geneva Healthcare Limited and its related companies.

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August 2017

New infographic series to demystify telecommunications for consumers

31 August 2017

The Commerce Commission has today released the first in a series of infographics aimed at helping consumers navigate the often complex world of telecommunications.

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Tighter requirements proposed for related party transactions for gas pipeline and electricity lines companies

30 August 2017

The Commerce Commission has released its draft decision to improve the rules governing related party transactions for electricity lines and gas pipeline businesses. 

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Commission files proceedings against Harmoney over its platform fee

25 August 2017

The Commerce Commission has filed civil proceedings in the High Court at Auckland against peer-to-peer lender Harmoney Limited (Harmoney) and Harmoney Investor Trustee Limited (HITL).  

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Gyms to shape up after Commission review into unfair contract terms

21 August 2017

Gyms have agreed to amend their standard form contracts after a Commerce Commission review into unfair contract terms in the sector.

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Have your say on Powerco’s proposal to spend $1.32 billion on its lines network

18 August 2017

The Commerce Commission has today released its Issues Paper for electricity distributor Powerco Limited’s (Powerco) proposal to increase its prices and change its quality standards to spend $1.32 billion on operating and maintaining its electricity lines network.

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Truck shop fined for deficient consumer contracts

18 August 2017

Truck shop operator Macful International Limited (trading as Ezitruck Shopping), has been fined $126,000 on 16 charges after failing to adequately disclose key information in consumer contracts and register as a financial services provider.

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Commission issues warnings to GSK and AFT over Voltaren, Panadol and Maxiclear

16 August 2017

The Commerce Commission has warned Glaxosmithkline Consumer Healthcare New Zealand Limited (GSK) and AFT Pharmaceuticals Limited (AFT) that the companies’ product packaging and marketing representations for some Voltaren, Panadol and Maxiclear products were likely to have breached the Fair Trading Act. 

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Draft report on review of Fonterra’s 2016/17 base milk price calculation

15 August 2017

The Commerce Commission has today released its draft report on Fonterra’s base milk price calculation for the 2016/17 dairy season.

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Four telcos warned by Commission

14 August 2017

The Commerce Commission has sent warning letters to four telecommunication companies about specific conduct that the Commission considers breached the Fair Trading Act.

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Truck shop sentenced for “incomprehensible” contracts

14 August 2017

Auckland truck shop Zee Shop Limited (Zee Shop) has been fined $108,000 for providing contracts which included “incomprehensible” clauses.

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Hamilton real estate agency fined more than $1 million for price fixing

9 August 2017

Hamilton real estate agency Online Realty Limited (trading under the Ray White banner) has been ordered to pay a penalty of $1.05 million for its part in a national anti-competitive price fixing case.

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Statement of Preliminary Issues released for Essilor/Luxottica

2 August 2017

The Commerce Commission has published a statement of preliminary issues relating to the proposed global merger of Essilor International (Compagnie Générale d’Optique) S.A. and Luxottica Group S.p.A.

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July 2017

Commission declines Vero Insurance clearance to acquire Tower

26 July 2017

The Commerce Commission has declined to grant clearance to Vero Insurance New Zealand Limited to acquire up to 100% of the shares in Tower Limited.

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Statement of Preliminary Issues released for Trade Me Limited / Limelight Software Limited

25 July 2017

The Commerce Commission has published a statement of preliminary issues relating to Trade Me Limited’s (Trade Me) proposed acquisition of up to 100% of the shares in Limelight Software Limited, trading as Motorcentral.

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Commission releases 2017/18 priorities

20 July 2017

The Commerce Commission have released its priority focus areas for the upcoming year publicly for the first time.

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Retailer sold unsafe toys and children’s nightwear

18 July 2017

Low-cost retailer The 123 Mart Limited (123 Mart) has been found guilty in the Auckland District Court on 17 charges under the Fair Trading Act.

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Commission warns NZers to avoid Gifting Circle schemes

14 July 2017

The Commerce Commission is advising all New Zealanders to avoid involvement in Women’s Gifting Circles as it considers them to be illegal pyramid schemes.

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Statement of Preliminary Issues released for Healthcare NZ/Geneva Healthcare Group

14 July 2017

The Commerce Commission has published a Statement of Preliminary Issues relating to Healthcare of New Zealand Holdings Limited (Healthcare NZ) proposed acquisition of Geneva Healthcare Limited and its related companies.

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Trade Me seeks clearance to acquire Motorcentral

12 July 2017

The Commerce Commission has received a clearance application from Trade Me Limited (Trade Me) to acquire up to 100% of the shares in Limelight Software Limited, trading as Motorcentral.

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Fines reach nearly $900,000 in Commission mobile trader prosecutions

12 July 2017

Two mobile traders have been fined a total of more than $183,000 and been ordered to return nearly $71,000 in fees to their customers.

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Essilor and Luxottica seek clearance for global merger

10 July 2017

The Commerce Commission has received a clearance application from Essilor International (Compagnie Générale d’Optique) S.A. and Luxottica Group S.p.A relating to the global merger of the two parties.

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Statement of Preliminary Issues released for Tronox/Cristal merger

7 July 2017

The Commerce Commission has published a Statement of Preliminary Issues relating to Tronox Limited’s proposed acquisition of National Titanium Dioxide Company Ltd (Cristal).

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Vector to return $13.9m to Auckland electricity consumers under settlement with Commerce Commission

7 July 2017

Electricity lines company Vector will return $13.9 million to Auckland electricity consumers after it accepted it had breached its regulated price path by recovering more revenue than it was entitled to in the 2014 and 2015 financial years.

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‘Toothpick’ pistol crossbows illegal in New Zealand

3 July 2017

The Commerce Commission is advising those selling ‘mini’ or ‘toothpick’ pistol crossbows that these products are likely to be covered by an unsafe goods notice and cannot be sold in New Zealand.

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June 2017

Update on Vero’s application to acquire Tower

30 June 2017

The Commerce Commission has agreed to extend the date for its final decision on Vero Insurance’s application seeking clearance to purchase 100% of the shares in Tower.

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HealthCare NZ seeks clearance to acquire Geneva Healthcare Group

30 June 2017

The Commerce Commission has received a clearance application from Healthcare of New Zealand Holdings Limited (HealthCare NZ) to acquire 100% of the shares in Geneva Healthcare Limited and its related companies: Geneva Clean Limited, My Skill Limited, Geneva Health Technology Limited and Geneva Care Limited (Geneva Healthcare Group).

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Commission issues credit fee guidelines

30 June 2017

The Commerce Commission has today released its Consumer Credit Fees Guidelines, to provide guidance for lenders in setting credit fees.

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Tronox seeks clearance to acquire the titanium dioxide pigment business of Cristal

27 June 2017

The Commerce Commission has received a clearance application from Tronox Limited (Tronox) to acquire the titanium dioxide (TiO2) pigment business of National Titanium Dioxide Company Ltd (Cristal).

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Finance company fined $22,000 and returns $10,000 to borrowers

23 June 2017

Christchurch-based finance company Acute Finance Limited (Acute) has been fined $22,000 and says it has taken steps to return $10,000 to borrowers, after pleading guilty to four charges under the Credit Contracts and Consumer Finance Act (CCCF Act).

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Next steps outlined for the Commission’s decision on Powerco’s application for $1.32 billion in lines network investment

22 June 2017

The Commerce Commission has today released a process paper detailing the next steps for assessing lines company Powerco’s application proposing price increases to meet the cost of its planned $1.32 billion investment in its electricity lines network.

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Wholesale broadband price drop passed through to consumers

21 June 2017

The Commerce Commission has today released a study showing that 90% of the recent reductions in Chorus’ regulated wholesale broadband prices have flowed through to consumers.

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Aunty and Herman return to raise awareness of consumer rights

19 June 2017

New Zealand’s sharpest legal advisor Aunty and her nephew Herman Faleafa have returned to raise awareness of consumer rights in the Commerce Commission’s animated series It’s All Good.

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Performance summaries released for electricity lines companies

9 June 2017

The Commerce Commission has published one-page summaries of key performance measures for each of New Zealand’s 29 electricity lines companies.

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Pre-school to pay $265,500 for misleading parents about ECE funding

8 June 2017

Kowhai Montessori Pre-School Limited (Kowhai) was today ordered to pay a total of $265,500 after pleading guilty to charges that it misled parents about the amount of funding it was receiving under the Government’s early childhood education (ECE) scheme.

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Update on steel mesh investigations

7 June 2017

As part of the Commerce Commission’s investigation into steel mesh, 29 charges have been filed against Steel and Tube for making false and misleading representations about their steel mesh product known as SE62.

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May 2017

Average gas bills to drop under final revenue reset

31 May 2017

The Commerce Commission has released its final decisions on the default price-quality paths (DPP) for gas pipeline services. These paths set the revenues and minimum quality standards that the four gas distributors and one gas transmission business must comply with for the five-year regulatory period beginning 1 October 2017.

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Cash to You Loans banned from lending

24 May 2017

Napier loan company Cash to You Loans Limited has been banned indefinitely from operating as a lender, after charging borrowers unreasonable fees and excess interest and failing to correctly disclose fees charged.

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Commission’s alpaca case brings total fines to $1.5 million

23 May 2017

A company and two individuals have been fined a total of nearly $194,000 for claiming that duvets were "pure alpaca wool" or "100% cashmere", when they contained little or no such fibres.

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“Made in New Zealand” bee pollen was Chinese

19 May 2017

A health supplement company and its owner have been fined a total of $526,500 for breaching the Fair Trading Act by claiming bee pollen was New Zealand-made, when in fact it was produced and processed in China.

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Consumers of broadband and mobile services get better value for money

18 May 2017

New Zealand consumers are receiving increased value for money across a range of telecommunications services, the Commerce Commission’s latest annual telecommunications monitoring report has found.

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Retailers put on alert about using misleading pricing

11 May 2017

The Commerce Commission is today publishing an open letter to retailers, highlighting pricing practices which might breach the law, and offering guidance on how to avoid them.

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Commission declines NZME/Fairfax merger

3 May 2017

The Commerce Commission has today released its final decision declining authorisation for NZME and Fairfax to merge their media operations in New Zealand.

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April 2017

Commission grants authorisation to Nelson and Tasman Councils’ joint landfill application

24 April 2017

The Commerce Commission has granted authorisation, subject to conditions, to allow the Nelson City Council and the Tasman District Council to form a business unit to jointly operate the two landfills in the Nelson-Tasman region.

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Commerce Commission wins appeal in Budget Loans case

18 April 2017

The Commerce Commission has won its appeal against a District Court decision to dismiss 19 charges against two finance companies.

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Bunnies, chocolate eggs, hot cross buns… and surcharges

13 April 2017

With the Easter holiday upon us, the Commerce Commission is again reminding businesses that if they apply a surcharge it must be clearly and accurately disclosed to customers.

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Guilty pleas in Commission’s 12th mobile trader prosecution

13 April 2017

Truck shop operator Budget Warehouse Limited (Budget Warehouse) has pleaded guilty to 18 charges relating to its customer credit contract documents.

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Commission invites discussion on related party transactions

12 April 2017

The Commerce Commission is considering how transactions between energy networks and related businesses should be regulated and has today released a paper seeking feedback on how it should approach this topic.

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Property Brokers Manawatu and director fined $1.5m in price fixing case

10 April 2017

Property Brokers Limited and its director Tim Mordaunt have been ordered to pay penalties totalling $1.5 million in a judgment today of the High Court, following a hearing in March.

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Tax refund season – what consumers and tax agents need to know

7 April 2017

With the end of the financial year upon us, consumers may find a tax agent at their door or on the phone.

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March 2017

Statement of Preliminary Issues released for Spark / TeamTalk merger

31 March 2017

The Commerce Commission has published a Statement of Preliminary Issues relating to Spark New Zealand Trading Limited’s proposed acquisition of TeamTalk Limited.

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Further extension to NZME/Fairfax merger

29 March 2017

On Wednesday 22 March the Commission received a lengthy submission from NZME and Fairfax providing further analysis and expert evidence in support of its merger authorisation application.

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Spark seeks clearance to acquire TeamTalk

20 March 2017

The Commerce Commission has received a clearance application from Spark New Zealand Trading Limited (Spark) to, either directly or indirectly, acquire up to 100% of the shares of TeamTalk Limited.

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Commission reaches preliminary view to authorise Nelson and Tasman Councils’ joint landfill application

17 March 2017

The Commerce Commission has reached a preliminary view that, subject to a condition, it should allow the Nelson City Council and the Tasman District Council to form a business unit to jointly operate the two landfills in the Nelson-Tasman region.

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Statement of Preliminary Issues released for Vero / Tower

16 March 2017

The Commerce Commission has published a Statement of Preliminary Issues relating to the proposed acquisition of Tower by Vero.

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Chorus network capacity to continue to grow to meet customer need

14 March 2017

The Commerce Commission has today released the final decision in its review of the non‑price features of the Unbundled Bitstream Access (UBA) service.

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Misleading Christmas deal results in $145k fine for mobile trader

14 March 2017

Mobile trader Sales Concepts Limited has been fined $145,000 in the North Shore District Court after pleading guilty to 10 charges under the Fair Trading Act 1986 relating to its ‘Christmas Deal Bundles’.

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Commission issues warning over chicken size representations

7 March 2017

Poultry producers Inghams Enterprises (NZ) PTY Limited (Inghams) and Tegel Foods Limited (Tegel) have been issued with warnings by the Commerce Commission over packaging representations about the size of chickens.

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Rapid Loans to refund over $1 million in unreasonable fees

7 March 2017

Internet-based lender Rapid Loans NZ Limited has agreed to compensate borrowers approximately $1.4 million following a Commerce Commission investigation into unreasonable fees.

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Vero seeks clearance to acquire Tower

3 March 2017

The Commerce Commission has received a clearance application from Vero Insurance New Zealand Limited to acquire up to 100% of the shares in Tower Limited.

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First jail sentence in Commerce Commission case

3 March 2017

Vikram Mehta, owner of mobile trader Flexi Buy Limited (Flexi Buy), has today been sentenced in the Auckland District Court to two years imprisonment after taking money from customers without intending to supply goods as promised.

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Commission declines clearance for sprinkler inspection services merger

3 March 2017

The Commerce Commission has declined to grant clearance for Aon New Zealand to acquire the fire sprinkler and alarm inspection business of Fire Protection Inspection Services Limited.

 

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February 2017

Commission declines clearance for Vodafone/Sky merger

23 February 2017

The Commerce Commission has declined to grant clearance for the proposed merger of Sky Network Television and Vodafone New Zealand.

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Judge criticises mobile trader for targeting the vulnerable

22 February 2017

Mobile trader Bestdeals 4 You Limited (Bestdeals) has been fined $47,250 in the Auckland District Court for failing to disclose key consumer information about its credit contracts and layby sales agreements.

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Commission proposes revenues and quality standards for gas pipeline services

10 February 2017

The Commerce Commission has released its draft decisions on the default price-quality paths (DPP) for gas pipeline services. These paths set the revenues and minimum quality standards that four gas distributors and one gas transmission business must comply with for the 5-year regulatory period beginning 1 October 2017.

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Bike Barn fined $800k for misleading pricing

10 February 2017

Bike Retail Group Limited and Bikes International Limited, the joint operators of Bike Barn in New Zealand, have today been fined $800,000 in the Auckland District Court.

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Commission confirms charges filed against Bunnings for misleading advertising

8 February 2017

The Commerce Commission has filed 45 charges in Auckland District Court against Bunnings (NZ) Limited alleging it misled consumers by advertising the prices of its goods as being the lowest in the market.

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Commission files charges against Auckland mobile trader, Appenture Marketing

8 February 2017

The Commerce Commission has filed 24 charges against Appenture Marketing Ltd for failing to provide consumers with key contract information and for making false and misleading representations to consumers about their rights.

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$1m penalty for misleading Nurofen specific pain range claims

3 February 2017

Reckitt Benckiser (New Zealand) Limited (RBNZ) has been fined $1.08 million today in the Auckland District Court for 10 charges relating to its Nurofen specific pain range products. The products include Nurofen Migraine Pain, Nurofen Tension Headache, Nurofen Period Pain and Nurofen Back Pain.

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January 2017

Mobile trader pleads guilty to disclosure failures in contracts

25 January 2017

Mobile trader Best Buy Limited (Best Buy) has pled guilty to 16 charges relating to the operation of its door-to-door sales business in Auckland and smaller North Island towns.

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Baby City sentenced for two non-compliant cots

20 January 2017

Baby City Retail Investments Limited (Baby City) has been fined $39,000 in the Auckland District Court for six charges relating to selling cots which failed to comply with the packaging and labelling requirements of the safety standard for household cots (Safety Standard).

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