Media releases
Media releases from the Commerce Commission.
Altano New Zealand seeks clearance to acquire Matamata Veterinary Services
The Commerce Commission has received a clearance application from Altano New Zealand Limited (Altano) to acquire 100% of the shares in Matamata Veterinary Services Limited (MVS).
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Commission to issue Statement of Issues on Contact’s proposed acquisition of Manawa
The Commerce Commission has decided to issue a Statement of Issues for the application from Contact Energy Limited seeking clearance to acquire up to 100% of the shares in Manawa Energy Limited.
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ComCom to look at deregulation of select fibre services
The Commerce Commission has today confirmed it will investigate whether regulation should still apply to four of the seven fibre services it currently regulates. These services are voice and transport services provided in all fibre areas, and point-to-point and co-location services provided in areas not controlled by Chorus.
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ComCom acts to get unsafe toys, kids’ bikes, and baby rattles taken off the shelves in time for Christmas
Urgent action taken by the Commerce Commission has led to product recalls to stop the sale of items that could be unsafe including children’s toys, baby rattles, bikes, and baby walkers sold at Panda Mart.
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“Cheating the system” – sentencing in country’s first criminal cartel case
The Auckland High Court today sentenced company director Munesh Kumar to community detention and community service, and imposed a $500,000 fine on his construction company, MaxBuild Limited, in the country’s first ever criminal prosecution for cartel conduct following an investigation by the Commerce Commission.
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ComCom issues draft decision to save Kiwis over $260 million a year in payment fees
The Commerce Commission has today issued its draft decision to reduce fees paid by Kiwi businesses for accepting Visa and Mastercard payments. These fees are passed on to consumers through the cost of goods and services, and surcharges.
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Beaurepaires convicted of deceptive and unfair conduct
The Commerce Commission has secured a $243,000 fine against Beau Ideal Limited, previously known as Beaurepaires and now trading as Advantage Tyre Solutions, for breaching the Fair Trading Act in the sale of the extended warranty “Road Hazard Cover.”
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ComCom caps Chorus’ revenue at $4.1 bn for next regulatory period
The Commerce Commission has today announced new maximum revenue and quality standards for Chorus. These are designed to deliver quality and value for Kiwi consumers while promoting continued investment in essential national fibre infrastructure.
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Criminal charges on the way for major supermarkets
The Commerce Commission today announced it will be filing criminal charges against Woolworths NZ, Pak’nSave Silverdale, and Pak’nSave Mill Street for what the Commission alleges was inaccurate pricing and misleading specials that may have breached the Fair Trading Act.
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ComCom outlines priorities, sharing sectors and conduct in its crosshairs
The Commerce Commission today published its 2024-25 priorities for its compliance and enforcement activities, spotlighting the practices and sectors that will garner the most scrutiny.
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