Technology and appliance retailer Noel Leeming has been fined $200,000 for misleading consumers' rights after customer complaints led to an investigation by the Commerce Commission. The company, owned by The Warehouse Group Limited, earlier pleaded guilty to eight charges under the Fair Trading Act.
The head of the Commerce Commission has dismissed political pressure over petrol prices, insisting a groundbreaking study into the fuel industry will be impartial. On Thursday the commission said it started its first market study into competition in the retail petrol and diesel in New Zealand, a month after changes to the Commerce Act allowing the study.
The Commerce Commission investigation into retail fuel pricing is now underway. The market study is looking into factors that may affect competition for the supply of retail petrol and diesel used for land transport throughout New Zealand.
The Government has officially begun the process of investigating the petrol industry - almost two months after Prime Minister Jacinda Ardern said consumers were being "fleeced" at the pump. But Ardern has suggested she would have liked the probe to be finished faster than the 12 months the Commerce Commission said it would take.
PGG Wrightson's $434 million sale of its seeds business to Danish cooperative DLF Seeds has hit a hurdle with the Commerce Commission uneasy about the potential concentration of power in the ryegrass seeds market. The antitrust regulator has issued a letter of issues outlining its concerns about the proposed deal.
DLF Seeds' $434 million acquisition of NZX-listed PGG Wrightson has hit a possible snag after the Commerce Commission sent a "letter of issues" to the Danish co-operative. A letter of issues is sent if, following initial investigations, the Commission has concerns about potential competition issues that may arise from the proposed acquisition.
Telco providers are coming in for more scrutiny over the way they treat their customers. The Commerce Commission has released a paper outlining how it will implement new legal provisions designed to improve the retail service quality that telco customers receive.
Jewellery retailer Michael Hill has been fined $169,000 after a Commerce Commission investigation into its extended warranty product. The Commerce Commission said consumers must be able to make an informed decision about whether to buy an extended warranty.
Retailer Michael Hill New Zealand has been fined $169,000 in the Wellington District Court today following a Commerce Commission investigation. The investigation was centred around the jeweller failing to comply with the extended warranty disclosure requirements of the Fair Trading Act.
The Michael Hill company has been fined for breaches of the Fair Trading Act. (File photo) A Whangarei couple who bought a bracelet from jewellery firm Michael Hill found they had also bought a $149 extended warranty without knowing it. Now the company has been fined $169,000 for breaching the Fair Trading Act and misleading the buyers about the price.