Media releases
Media releases from the Commerce Commission.
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31 May 2023
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Commission to dig into rural connectivity options
The Commerce Commission has today launched its Rural Connectivity Study with the goal of painting a detailed picture of the rural telecommunications market – the options available to rural communities, businesses and farmers, beyond the national UFB fibre footprint, and how these are performing.Read more
29 May 2023
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Moana seeks clearance to acquire Sanford’s North Island inshore fishing business
The Commerce Commission has received a clearance application from Aotearoa Fisheries Limited trading as Moana New Zealand seeking clearance to acquire Sanford Limited’s North Island inshore fishing business. Under the proposed acquisition, Sanford Limited would lease its North Island inshore fishing quota (specifically its annual catch entitlement) to Moana under a long term arrangement.Read more
26 May 2023
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NZME fined for selling dangerous magnetic toys
NZME Advisory Limited (NZME) has been fined in the Auckland District Court yesterday for supplying unsafe magnetic puzzle toys, commonly known as buckyballs, which breached product safety laws and caused harm to a child in New Zealand in 2021.Read more
25 May 2023
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Mercury fined for misleading its customers over early termination fee
One of New Zealand’s largest electricity retailers, Mercury NZ Limited (Mercury), has been fined $279,500 for communicating to approximately 2,000 customers that they were required to pay an early termination fee when they were not, breaching the Fair Trading Act.Read more
25 May 2023
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Big spread in pump prices shows value of shopping around for fuel
The Commerce Commission’s latest Quarterly Fuel Monitoring Report shows a big spread of prices at the pump – with Regular 91 in Auckland varying by 38 cents – highlighting the value of shopping around.Read more
25 May 2023
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Statement of Preliminary Issues released for Inghams’ proposed acquisition of certain assets from Bromley Park Hatcheries
The Commerce Commission has published a statement of preliminary issues relating to an application from Inghams Enterprises (NZ) Pty Limited seeking clearance to acquire the assets of the Cobb Commercial and Riverland businesses of Bromley Park Hatcheries Limited.Read more
22 May 2023
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Volution Group seeks clearance to acquire Proven Systems
The Commerce Commission has received a clearance application from Volution Group plc to acquire 100% of the business and assets of Proven Systems Limited.Read more
17 May 2023
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TAB seeks variation to authorisation of its arrangements with Tabcorp to reflect strategic partnership agreement with Entain
The Commerce Commission (Commission) has received a request from TAB New Zealand (TAB) seeking to vary the authorisation granted by the Commission to certain arrangements between the New Zealand Racing Board (now called TAB) and Tabcorp Wagering Manager (Vic) Pty Ltd (Tabcorp).Read more
16 May 2023
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Inghams seeks clearance to acquire certain assets from Bromley Park Hatcheries
The Commerce Commission has received a clearance application from Inghams Enterprises (NZ) Pty Limited (Inghams) to acquire the assets of the Cobb Commercial and Riverland businesses of Bromley Park Hatcheries Limited.Read more
10 May 2023
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Vector penalised $1.1 million for excessive level of power outages
Commerce Commission action against Auckland electricity lines company Vector has resulted in the Auckland High Court imposing a penalty of $1,158,400 for breaches of network quality standards – relating to excessive power outages from 2017 to 2020.Read more