Media releases

June 2017

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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