Media releases
Media releases from the Commerce Commission.
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18 Jan 2024
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ComCom to launch action against two car finance lenders
In its most significant action in the car finance sector to date, the Commerce Commission will file civil proceedings in the High Court against Go Car Finance Limited and Second Chance Finance Limited alleging that the lenders breached the CCCFA when providing car finance to borrowers.Read more
18 Jan 2024
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Statement of Preliminary Issues released for proposed Foodstuffs merger
The Commerce Commission has published a statement of preliminary issues relating to an application from Foodstuffs North Island Limited and Foodstuffs South Island Limited seeking clearance to merge.Read more
17 Jan 2024
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Statement of Preliminary Issues released for St John's application to acquire certain medical alarm and monitoring assets from Securely
The Commerce Commission has published a statement of preliminary issues relating to an application from The Priory in New Zealand of the Most Venerable Order of the Hospital of St John of Jerusalem (St John) seeking clearance to acquire certain assets from Electra Limited, which trades as Securely.Read more
16 Jan 2024
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Payments NZ seeks authorisation to further develop its open banking framework
The Commerce Commission has received an application from Payments NZ Limited (Payments NZ) seeking authorisation to work with API providers and third parties to develop arrangements that, according to Payments NZ, will facilitate a more well-utilised, secure and innovative open banking framework.Read more
22 Dec 2023
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Ngāi Tahu Tourism withdraws application for KJet and Time Tripper acquisition
Ngāi Tahu Tourism has formally withdrawn its application to the Commerce Commission for clearance to acquire the tourism jet boating business trading as 'KJet' and related assets (including 100% of the shares in Time Tripper Limited) from Kawarau Jet Services Holdings Limited, KJet Limited, and Time Tripper Limited.Read more
21 Dec 2023
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St John seeks clearance to acquire Securely’s medical alarm and monitoring business
The Commerce Commission has received a clearance application from The Priory in New Zealand of the Most Venerable Order of the Hospital of St John of Jerusalem (St John) to acquire certain assets from Electra Limited, which trades as Securely. Specifically, St John seeks to acquire assets relating to Securely’s medical alarm and monitoring for use in private homes, retirement homes and retirement villages, duress alarms for lone workers and personal alarms used in conjunction with New Zealand Police monitoring. However, the proposed acquisition excludes Securely’s property security alarms used for government, commercial and residential purposes.Read more
20 Dec 2023
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Commission authorises the restrictions on the advertising and marketing of infant formula
The Commerce Commission has granted authorisation to the current and future members of the Infant Nutrition Council Limited (INC) to restrict their advertising and marketing of formula products for infants aged up to 12 months old.Read more
20 Dec 2023
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Commission alleges Zoono’s 24 hour and 30 day germ killing claims not backed-up
The Commerce Commission has filed charges against Zoono Limited (Zoono), alleging it made unsubstantiated representations about the performance of its hand and surface sanitiser products.Read more
19 Dec 2023
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Kiwi motorists should “kick the tyres” on fuel loyalty schemes
The Commerce Commission says Kiwi motorists really need to “kick the tyres” on fuel discounts and compare display prices to make sure they’re getting the best price over the summer – when many New Zealanders are hitting the road for their holidays.Read more
18 Dec 2023
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Commission grants clearance for Kingspan to acquire Conqueror
The Commerce Commission has granted clearance for Kingspan Limited to acquire the insulated panel and boards business of Conqueror New Zealand Limited. Both Kingspan and Conqueror supply insulated panels made with a polyisocyanurate (PIR) foam core (used in roofing, walls and in the construction of cool-stores and other controlled environments), and insulation boards also made with PIR foam (used as an insulating layer in a range of construction projects).Read more