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 joined competition, consumer protection, and economic regulators from across the Pacific to share intelligence, investigative techniques, and best practice in a newly formed initiative - the Pacific Island Network of Competition Consumer and Economic Regulators or PINCCER.
New Zealand’s competition regulator The Commerce Commission has filed civil proceedings under the Fair Trading Act against Bachcare Limited, alleging that a number of its contract terms are unfair and liable to cause financial detriment to Kiwis and other tourists booking holiday accommodation through the website.
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