October 2006
Home insulation must meet claim on label, warns Commission
27 October 2006
The manufacturers of Pink Batts and GreenStuf insulation products have been warned that they may have breached the Fair Trading Act because their insulation failed to meet the quality level claimed on packaging.Relates to: Fair Trading
Fulton Hogan Limited applies for clearance to acquire G J Beynon Contracting Limited
24 October 2006
The Commerce Commission has received an application from Fulton Hogan Limited (Fulton Hogan) seeking clearance to acquire the contracting assets, quarry and land of G J Beynon Contracting Limited (G J Beynon). Associated with this purchase is the acquisition by Fulton Hogan of the 50% of shares in Westland Asphalt Limited (WAL) not currently owned by Fulton Hogan.Relates to: Business Competition
Commission approves updated price for wholesale bitstream access service
20 October 2006
The Commerce Commission today approved an updated wholesale price of $27.76 per month (excl GST) for the regulated unbundled bitstream access service supplied by Telecom to ihug and CallPlus. This price update is the first of the regular three-monthly adjustments since the determination was released in June and applies from 22 September 2006.Relates to: Telecommunications
Energy Online pays $1 million for misleading price freeze
16 October 2006
Electricity retailer Energy Online broke the law when it claimed Hawke's Bay and Waitemata customers were on a "price freeze," but still increased prices, the District Court has found.Relates to: Fair Trading
Vector proposes settlement and agrees to rebalance prices
13 October 2006
Vector has proposed to rebalance its power prices from 1 April next year and comply with the Commerce Commission's price path threshold for the remainder of the current five-year regulatory period.Relates to: Electricity
Record settlement returns $3.3 million to Telecom customers
12 October 2006
An out-of-court settlement reached by the Commerce Commission and Telecom will return around $3.3 million to customers after a billing fault saw them charged twice.Relates to: Fair Trading
Commission approves TCF Draft Code
12 October 2006
The Commerce Commission has completed its consideration of the Telecommunications Carriers' Forum (TCF) code for the transfer of telecommunications services, known as the Customer Transfer Code.Relates to: Telecommunications
Carter Holt Harvey fined $900,000 for falsely labelling timber
12 October 2006
In a case the Commission considers one of its most serious prosecutions to date, Carter Holt Harvey has pleaded guilty to breaching the Fair Trading Act by selling timber that did not meet the grade claimed on packaging.Relates to: Fair Trading
Toll Owens cleared to acquire John Ray's log marshalling assets
11 October 2006
The Commerce Commission has cleared Toll Owens Limited (Toll Owens) to acquire the log marshalling assets of John Ray Limited (John Ray).Relates to: Business Competition
Commerce Commission to investigate mobile market
10 October 2006
The Commission announced today that it has considered barriers to entry to the cellular mobile services market and will be investigating possible changes to the regulatory framework.Relates to: Telecommunications
Qantas fined $380,000 over misleading adverts
10 October 2006
Qantas has pleaded guilty to 122 charges of breaching the Fair Trading Act and been ordered to pay $380,000 in fines and $15,860 in costs in the Auckland District Court.Relates to: Fair Trading
Osmose fined $1.8 million in NZ's biggest cartel case
6 October 2006
Osmose New Zealand, Osmose Australia and two Australian-based executives have been fined for participating in a cartel in New Zealand's wood preservative chemicals industry.Relates to: Business Competition
Johnson & Johnson applies for clearance to acquire Pfizer Inc.
5 October 2006
The Commission has received an application from Johnson & Johnson (J&J) to acquire the stock, assets and business of the Consumer Healthcare division of Pfizer Inc.Relates to: Business Competition
CRBF Limited cleared to acquire the forestry assets of Carter Holt Harvey Ltd
5 October 2006
The Commission has cleared CRBF Limited to acquire the shares and/or assets of a number of Carter Holt Harvey Limited (CHH) subsidiaries that hold forestry assets. The clearance is subject to a divestment undertaking.Relates to: Business Competition
Westpac to pay $5.1 million over credit card fees, Kiwibank joins list of companies facing charges
2 October 2006
Westpac has become the fourth 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 19 charges of breaching the Fair Trading Act.Relates to: Fair Trading
Search warrant executed at offices of Air New Zealand
2 October 2006
The Commerce Commission confirmed today that it executed a search warrant at the Auckland offices of Air New Zealand on Wednesday 27 and Thursday 28 September.Relates to: Business Competition
NZBL to pay $1.1 million for Mana Coach share acquisition
2 October 2006
New Zealand Bus Limited has been fined $500,000 and been ordered to pay around $600,000 in costs to the Commerce Commission after it breached section 47 of the Commerce Act when it acquired shares in Mana Coach Services.Relates to: Business Competition
