Media releases

Media releases from the Commerce Commission.

Showing 21 to 30 of 3,425 results

22 Jun 2020

Health supplement firm fined $194,400 for mislabelling its products and found guilty of failing to supply information to the Commission

Invercargill firm Gateway Solutions Limited (formerly trading as Silberhorn Limited) has been fined $194,400 in the Dunedin District Court for misrepresentations it made about its deer velvet health supplements. The company and its director and majority shareholder, Mr Ian Carline, were also found guilty of failing to supply information to the Commission during its investigation.
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18 Jun 2020

$120K in fines for unsafe “Ha-ha Groan Hammer” and rubber animals

Two importing companies have been fined a total of $120,750 on Fair Trading Act charges following toy safety investigations by the Commerce Commission.
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16 Jun 2020

Draft decision approving Transpower’s $154m major capex proposal

The Commerce Commission has published its draft decision paper approving a major capital expenditure proposal from Transpower New Zealand Limited (Transpower).
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16 Jun 2020

Commission receives Aurora Energy’s application to increase prices to fund $383 million network investment plan

The Commerce Commission has received Aurora Energy’s (Aurora) application to increase its prices to fund a $383 million 3-year plan to address safety and reliability issues on its electricity lines network.
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12 Jun 2020

Commission grants clearance for Verifone to acquire Smartpay

The Commerce Commission has granted clearance to Verifone New Zealand (Verifone) to acquire the assets used by Smartpay Holdings Limited and its subsidiaries to operate the Smartpay business in New Zealand (Smartpay) (the proposed acquisition).
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11 Jun 2020

Commission finalises ‘fit and proper’ person criteria

The Commerce Commission has finalised the criteria it will use to assess whether a lender is ‘fit and proper’ under changes to the Credit Contracts and Consumer Finance Act (CCCF Act) after receiving submissions from interested stakeholders.
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10 Jun 2020

Feedback sought on draft review of Mobile Termination Access Service (MTAS)

The Commerce Commission is seeking feedback on its draft review findings that the Mobile Termination Access Service (MTAS) should remain regulated.
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8 Jun 2020

Nelson pharmacy fined $344,000 and director $50,000 for price-fixing

The Wellington High Court has ordered Prices Pharmacy 2011 Limited and a director of the company, Stuart Hebberd, to pay fines of $344,000 and $50,000 respectively, after they admitted engaging in price-fixing in breach of the Commerce Act.
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29 May 2020

Commission releases guidelines on approach to authorisations after law change

The Commerce Commission has released guidelines on its approach to authorisation of some agreements as a result of temporary changes made to the Commerce Act under the COVID-19 Response (Further Management Measures) Legislation Act (COVID-19 Response Act).
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28 May 2020

Commission issues warning to Hong Kong based electronics retailer

Online electronics retailer BXT International Limited and its related companies (together known as Becextech) have been warned by the Commerce Commission for conduct that the Commission considers has likely breached the Fair Trading Act.
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