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Our vision is that New Zealanders are better off because markets work well and consumers and businesses are confident market participants.
The Commerce Commission is progressing criminal proceedings in the District Court against El Cheapo Cars (trading as Ezybid Finance) in its third action in the car finance sector this year – alleging borrowers were not provided key information about their loans.
Read moreThe Christchurch High Court has imposed penalties against cleaning company Canterbury Industrial Scrubbing Limited (CI Scrubbing) for longstanding cartel agreements with a competitor following a Commerce Commission investigation.
Read moreThe Commerce Commission (Commission) has reached a preliminary view that it should grant conditional authorisation to Payments NZ Limited (Payments NZ) to work with current and future API providers (ie, banks) and third parties (eg, fintechs) to develop and apply a partnering framework relating to the provision of API services by API providers to third parties (the Proposed Arrangement).
Read moreShelly Cullen has been ordered by the Auckland District Court to pay $5.9m for her promotion of the pyramid scheme ‘Lion’s Share.’ This is a combination of a $600,000 fine - the largest ever criminal fine issued to an individual under the Fair Trading Act - and an order to pay over $5.3m to reflect the value of the commercial gain she made through the scheme.
Read moreThe Commerce Commission has released its latest broadband monitoring report which shows, for the first time, performance results for Spark’s 5G wireless broadband service.
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