July 2006
Commerce Commission/ACCC in-principle agreement to co-operative trans-Tasman mergers review protocol
24 July 2006
The New Zealand Commerce Commission and the Australian Competition and Consumer Commission have agreed, in principle, to a protocol to enhance their co-operation in dealing with the review of trans-Tasman mergers.Relates to: Business Competition
Telecom Mobile fails to give credit where credit due
21 July 2006
Telecom Mobile Limited has been fined $45,000 and ordered to pay over $3,000 in costs in the Wellington District Court today for breaching sections 11 and 13(g) of the Fair Trading Act, after misleading customers about a new mobile phone deal.Relates to: Fair Trading
Commission clears application by ORIX New Zealand Limited to acquire Truck Leasing Limited
21 July 2006
The Commerce Commission has granted clearance for the acquisition of the business of Truck Leasing Limited (trading as Esanda FleetPartners) by ORIX New Zealand Limited.Relates to: Business Competition
As is where is car sales not exempt from consumer law: car dealer pays $52,160 for misleading customers
19 July 2006
An Auckland car dealer who told customers they weren't protected by the law because they had bought their car on a "tender" basis has been fined $48,000 for misleading buyers about their rights. He has also been ordered to pay $4,160 in costs.Relates to: Fair Trading
Commission and Vector in administrative settlement talks
19 July 2006
The Commerce Commission is discussing with Vector Ltd an administrative settlement after the company breached price thresholds set under Part 4A of the Commerce Act.Relates to: Electricity
BNZ pleads guilty over card fees: $5 million in compensation, $550,000 fine
18 July 2006
The BNZ has become the third major bank to plead guilty to breaching the Fair Trading Act by failing to properly disclose fees charged for overseas currency transactions on its credit and debit cards. The company pleaded guilty to 21 representative charges of breaching the Fair Trading Act.Relates to: Fair Trading
$792,000 payout for false claims about Body Enhancer potion
13 July 2006
Zenith Corporation, which sold and promoted the discredited "weight loss" product Body Enhancer will pay $792,000 in fines, costs and corrective advertising. The company was sentenced in the Auckland District Court today for offences under the Fair Trading Act.Relates to: Fair Trading
ORIX New Zealand applies for clearance to acquire Truck Leasing
12 July 2006
The Commerce Commission has received an application from ORIX New Zealand Limited seeking clearance to acquire 100% of the shares in Truck Leasing Limited (TLL), trading as Esanda FleetPartners, from UDC Finance Limited, a subsidiary of Australia and New Zealand Banking Group Limited (ANZ).Relates to: Business Competition
Telecommunications Commissioner not to seek reappointment
11 July 2006
Telecommunications Commissioner Douglas Webb has advised the Minster of Communications that he will not seek reappointment to the role when his current term expires in March 2007.Relates to: Telecommunications
Safety supplier warned about anti-competitive conduct
10 July 2006
The Commerce Commission has warned Wesfarmers Industrial and Safety New Zealand Limited that its alleged attempt to stop other businesses from supplying safety products to its competitor risked breaching section 27 of the Commerce Act.Relates to: Business Competition
Gas form of control discussion document released: submissions due 7 August, conference 5 and 6 September
7 July 2006
The Commerce Commission has released its proposals for the form of control to be imposed on the gas distribution services of Powerco and Vector.Relates to: Gas Pipelines
Gas Provisional Authorisation not to be amended
7 July 2006
The Commerce Commission will not amend the Provisional Authorisation for supply of the controlled gas distribution services of Powerco and Vector.Relates to: Gas Pipelines
Commission clears application by GE Fleet New Zealand and Custom Fleet (NZ) Limited
5 July 2006
The Commerce Commission has granted clearance for the acquisition of the business of Custom Fleet (NZ) Limited by GE Fleet New Zealand.Relates to: Business Competition
Lion Nathan applies for clearance to acquire Independent Liquor
3 July 2006
The Commission has received an application from Lion Nathan Limited seeking clearance to acquire up to 100% of the shares and/or assets of Independent Liquor (NZ) Limited.Relates to: Business Competition
