Media releases
Media releases from the Commerce Commission.
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3 Aug 2023
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ComCom encourages businesses to “do the right thing by their customers” when surcharging
The Commerce Commission has issued an Open Letter on its work promoting appropriate surcharging and is encouraging businesses to do the right thing by their customers. The letter also highlights the Commission’s engagement with a selected group of larger businesses.Read more
31 Jul 2023
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Commission explores pathways for more innovative payment options
The Commerce Commission is looking at ways to remove barriers to more innovative payment options that would allow Kiwis to make in-person payments directly between bank accounts, as a low-cost alternative to current card payment options.Read more
31 Jul 2023
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$500k penalty in land covenant case for trying to “stop Bunnings building”
NGB Properties Limited (NGB) has been penalised $500,000 after the Commerce Commission took court action over an anti-competitive covenant that it placed on a site close to Mitre 10 MEGA Tauranga, for the purpose of preventing competitor Bunnings from opening a Bunnings Warehouse in the area. NGB is the sister company of Juted Holdings Limited, which operates the Mitre 10 MEGA in Tauranga.Read more
28 Jul 2023
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Statement of Issues released for Moana’s proposed acquisition of Sanford’s North Island inshore fishing business.
The Commerce Commission has published a statement of issues relating to an application from Aotearoa Fisheries Limited (trading as Moana New Zealand) seeking clearance to acquire Sanford Limited’s North Island inshore fishing business.Read more
27 Jul 2023
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Commission grants clearance for Reward to acquire Southern Hospitality
The Commerce Commission has granted clearance for Reward Supply Co Pty Limited to acquire 100% of the shares of Southern Hospitality Limited.Read more
24 Jul 2023
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Minimum pricing practice hurts Kiwi consumers and retailers
The Commerce Commission is reminding grocery suppliers that requiring retailers to charge above minimum prices for their goods can breach the Commerce Act.Read more
17 Jul 2023
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Commission seeks pecuniary penalties for the first time for credit breaches in High Court civil action
The Commerce Commission has filed proceedings in the High Court against former high-cost lender Eagle M.A.N Group Limited (Eagle MAN), alleging it breached the Credit Contracts and Consumer Finance Act (CCCFA) when providing credit to borrowers between 2015-2022.Read more
17 Jul 2023
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High-cost lenders cutting interest rates or exiting the market, ComCom review shows
The Commerce Commission has completed a review into high-cost lenders following the introduction of specific high-cost lending rules in 2020 under the Credit Contracts and Consumer Finance Act (CCCFA).Read more
12 Jul 2023
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Commission clears home ventilation systems merger
The Commerce Commission has granted clearance for Volution Group plc to acquire 100% of the business and assets of Proven Systems Limited.Read more
11 Jul 2023
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Positive progress on restoring Aurora Energy’s power network, ComCom says
The Commerce Commission has today reported that Aurora Energy Limited (Aurora) is making positive progress in addressing safety and reliability issues across its network.Read more