Displaying items by tag: Commerce Commission

Supermarket giant Woolworths Group is seeking clearance from New Zealand competition regulator The Commerce Commission to acquire 100% of the shares in food product manufacturer and supplier Beak & Johnston Holdings Pty Ltd..

New Zealand state-owned bank and financial services provider Kiwibank has been fined $1.5million after pleading guilty to systemic and long-running breaches of the Fair Trading Act that led to 35,000 customers being overcharged a total amount of $6.8 million.

The Commerce Commission has today released its first “RealSpeed” report alongside its regular quarterly Measuring Broadband New Zealand (MBNZ) results, which it says provides new insights into broadband performance in Kiwi homes.

An apparent focus by New Zealand’s four major banks on maintaining profit margins has resulted in ongoing underinvestment in their core technology platforms, according to the draft report from the from the market study just released by the country’s competition regulator the Commerce Commission.

New Zealand competition regulator The Commerce Commission has reached a preliminary view that it should grant authorisation to the current and future members of the Infant Nutrition Council Limited (INC) to restrict their advertising and marketing of formula products for infants aged up to 12 months old.

New Zealand competition regulator The Commerce Commission has granted clearance to Real Journeys Limited - trading as Real NZ - for itself (or any interconnected body-corporate) to acquire the vessel, the Spirit of Queenstown, and associated assets from Southern Discoveries Limited.

A New Zealand Commerce Commission investigation and subsequent High Court proceedings has resulted in more than 2,600 customers being refunded a total of nearly $480,000 after three companies, part of the Vocus Group, breached the Fair Trading Act.

New Zealand's competition regulator the Commerce Commission has warned businesses that agreements they reach with their competitors can result in imprisonment, as it undertakes its latest Scene of a Crime education campaign.

New Zealand regulator The Commerce Commission has filed proceedings at the High Court in Auckland against Callplus Services Limited, Orcon Limited and Switch Utilities Limited – all subsidiaries of the Australian fibre and network solution provider Vocus Group - over allegations of failing to adequately disclose early termination fees of between $130 and $250 when entering uninvited direct sale agreements with consumers for broadband and power services between 17 June 2014 and 20 June 2020.  

The New Zealand Commerce Commission has released its draft decision on the allocation of payments for the government’s Telecommunications Development Levy, proposing that Spark, Vodafone, Chorus, and 2degrees collectively pay approximately 88% NZ$10 million levy from 1 July 2020 to 30 June 2021.

The New Zealand Commerce Commission has issued a final report recommending a range of improvements to the Telecommunications Dispute Resolution Scheme (TDRS) so that it delivers better outcomes for consumers and the industry.

COVID 19: New Zealand’s competition regulator the Commerce Commission has issued guidance for consumers and businesses to assist them in understanding what their rights and obligations are in relation to disruptions to travel, trading and events as a result of the coronavirus pandemic.

New Zealand electricity company Aurora Energy has been hit with a High Court order to pay almost $5 million for contravening its network quality standards through an excessive level of power outages in the 2016 to 2019 years.

Competition in New Zealand’s mobile services market is trending in the right direction, with pricing, coverage and choice of services a positive for consumers, according to a new report from the country’s competition enforcement agency.

New Zealand’s competition regulator, the Commerce Commission, is set to recommend that the resale copper voice services of the country’s largest telco Spark be deregulated.

New Zealand’s largest telco Spark has been hit with a fine of NZ$675,000 for making false or misleading representations in its customer invoicing, and when making a NZ$100 credit offer to new customers.

New Zealand competition regulator, the Commerce Commission, and the Electricity Authority, have initiated a joint project to assess how new technologies and business models emerging in the country’s electricity sector might benefit consumers in the future.

New Zealand broadband provider Slingshot has been warned by the country’s competition regulator, the Commerce Commission, for likely breaches of the Fair Trading Act in an online advertising campaign offering consumers a 10% discount for bundling broadband and electricity services.

New Zealand’s competition enforcement agency, the Commerce Commission, has released a framework paper outlining its approach to implementing new provisions under the Telecommunications Act to improve retail service quality for consumers.

Retail telecommunications is still the most complained about industry in New Zealand despite complaints levels remaining relatively flat year-on-year, according to a new consumer issues report from the competition enforcement agency, the Commerce Commission.