Media releases
Media releases from the Commerce Commission.
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3 Mar 2021
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Online lender Moola in $2.8m settlement with Commission over fees
High cost short term lender Moola.co.nz Limited (trading as Moola) has agreed a settlement with the Commerce Commission where it is required to credit or refund approximately $2.8 million to current and former borrowers, after acknowledging the Commission’s view that it charged unreasonable credit and default fees.Read more
26 Feb 2021
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Statement of Preliminary Issues released for Taranaki By-Products’ application to increase its shareholdings in Lowe joint ventures
The Commerce Commission has published a statement of preliminary issues relating to the clearance application from Taranaki By-Products Limited for it, or a related company, to increase its shareholdings in three joint ventures with the Lowe Corporation.Read more
25 Feb 2021
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$400,000 fine for 'carefully crafted' Home Funding Group scheme
A company which falsely claimed to offer a savings scheme to assist low-income families buy a home has been fined $400,000 following a Commerce Commission investigation.Read more
24 Feb 2021
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Auckland Council warned over lending failures
Auckland Council has been warned by the Commerce Commission for potential breaches of the Credit Contracts and Consumer Finance Act (CCCF Act) in relation to its Retrofit Your Home Programme (RYH Programme).Read more
18 Feb 2021
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Trade Me seeks clearance to acquire homes.co.nz
The Commerce Commission has received a clearance application from Trade Me Limited seeking clearance to acquire 100% of the shares or assets of PropertyNZ Limited, which owns and operates the homes.co.nz website.Read more
12 Feb 2021
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Consultation open on Chorus’ proposal to spend $1.6 billion during first period of new fibre regulatory regime
The Commerce Commission is consulting on Chorus’ proposal to spend $1.6 billion over the first three years of the new fibre regulatory regime.Read more
11 Feb 2021
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Taranaki By-Products seeks clearance to increase shareholdings in Lowe joint ventures
The Commerce Commission has received a clearance application from Taranaki By-Products Limited for it, or a related company, to increase shareholdings in three joint ventures with Lowe Corporation.Read more
10 Feb 2021
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Unison Networks issued with compliance advice after contravening quality standards
The Commerce Commission has issued a compliance advice letter to power lines company Unison Networks for contravening its network quality standards through an excessive level of power outages in 2017 and 2018.Read more
10 Feb 2021
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Horizon Energy warned for failing to meet good industry practice on lines network
The Commerce Commission has warned power lines company Horizon Energy for contravening its network quality standards through an excessive level of power outages in the 2017 and 2018 years.Read more
5 Feb 2021
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Businesses must be clear and upfront about public holiday surcharges
As Waitangi Day approaches the Commerce Commission is reminding businesses that if they choose to add surcharges then they must be clearly disclosed and the reasons for the surcharge accurately described to avoid breaching the Fair Trading Act 1986.Read more