Media releases
Media releases from the Commerce Commission.
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24 Sep 2020
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Kiwibank admits system failures and agrees to pay customers $5.2 million
Kiwibank has entered into a settlement agreement with the Commerce Commission after reporting that it failed to have in place robust home loan variation disclosure policies, procedures and systems.Read more
23 Sep 2020
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More toy safety fines – Judge says “substantially higher penalties” justified
Two importers have been fined a total of $118,000 on toy safety charges, and a District Court Judge has said that “substantially higher penalties” are justified in such cases.Read more
23 Sep 2020
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Commission approves Transpower’s $143m voltage stability project in the Waikato and Upper North Island region
The Commerce Commission has approved Transpower’s proposal to recover up to $143 million of investment to manage voltage stability in the Waikato and Upper North Island region.Read more
17 Sep 2020
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Mobile operators should improve consumer choice through easier comparisons
The Commerce Commission has told New Zealand’s three mobile network operators that they should provide more meaningful comparison information and guard against overspending by mobile phone consumers.Read more
16 Sep 2020
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Commission clears proposed Heyden/Henergy/Rasmusens egg merger
The Commerce Commission has granted clearance to Heyden Farms Limited, Henergy Cage-Free Limited and Rasmusens Poultry Farms Limited to merge their respective egg production operations.Read more
15 Sep 2020
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Proposed approach to fibre regulation released
The Commerce Commission has today released its first paper for fibre price-quality and information disclosure regulation. This paper sets out the proposed process and approach to regulating telecommunications companies that provide fibre access services in New Zealand.Read more
15 Sep 2020
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Commission releases final report on Fonterra’s milk price
The Commerce Commission has today released its final report on Fonterra’s base milk price calculation for the 2019/20 dairy season.Read more
10 Sep 2020
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Hamilton real estate agencies to pay $4 million for price fixing
The Auckland High Court has ordered Hamilton-based Lodge Real Estate Limited (Lodge) to pay $2.1 million and Monarch Real Estate Limited (Monarch) to pay $1.9 million for engaging in price-fixing in breach of the Commerce Act.Read more
10 Sep 2020
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Commission grants clearance for Mylan and Upjohn to merge subject to a divestment
The Commerce Commission has granted clearance for Mylan N.V. and Upjohn Inc. (a wholly owned subsidiary of Pfizer Inc) to merge their global pharmaceutical businesses. The clearance is subject to a divestment of certain assets.Read more
4 Sep 2020
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Statement of Preliminary Issues released for Pact/Flight clearance application
The Commerce Commission has published a statement of preliminary issues relating to an application from Pact Group Holdings Limited (Pact) to acquire the assets and business of Flight Plastics Limited in New Zealand and the packaging-related assets of Flight Extruded Plastics LP in Adelaide (together, Flight).Read more