Media releases
Media releases from the Commerce Commission.
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of 3,941 results
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
11 Jul 2023
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Commerce Commission welcomes the appointment of the Grocery Commissioner, Pierre van Heerden
The Commerce Commission has today welcomed the appointment of Pierre van Heerden as the Grocery Commissioner by the Minister of Commerce and Consumer Affairs. Mr van Heerden will take up his role as the Grocery Commissioner at the Commerce Commission on 13 July 2023.Read more
6 Jul 2023
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Commission clears Inghams to buy Bromley Park Hatcheries businesses
The Commerce Commission has granted clearance for Inghams Enterprises (NZ) Pty Limited (Inghams) to acquire the assets of the Cobb Commercial and Riverland businesses of Bromley Park Hatcheries Limited.Read more
6 Jul 2023
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ComCom concerned One NZ “100% mobile coverage” ads misleading – issues Stop Now
The Commerce Commission has issued a Stop Now Letter to One NZ (formerly Vodafone NZ) for representations made in its campaign promoting “100% mobile coverage. Launching 2024”.Read more
4 Jul 2023
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Kookmin Bank to refund $11m to Kiwi borrowers in settlement with ComCom
Kookmin Bank has committed to refunding more than $11 million to affected borrowers in New Zealand following a Commerce Commission investigation.Read more
3 Jul 2023
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Commission updates Authorisation Guidelines and application form
The Commission has revised its Authorisation Guidelines and application form following amendments to the Commerce Act and the release of its Business Collaboration in response to an emergency guidance.Read more