May 2007
Commission declines application by Transpacific Industries to acquire waste disposal businesses
31 May 2007
The Commerce Commission has declined to grant clearance for Transpacific Industries to acquire the South Island assets and businesses of EnviroWaste Services and up to 50% of the shares in Manawatu Waste.Relates to: Business Competition
Supreme Court decision promotes competition with Fonterra
31 May 2007
In a decision issued yesterday, the Supreme Court has affirmed the Commerce Commission's view on the way that Fonterra should calculate the default milk price.Relates to: Business Competition
Commission receives application for EIR Act exemption from Vector Limited
31 May 2007
The Commerce Commission has received an application from Vector Limited, seeking exemption from section 17 of the Electricity Industry Reform Act 1998 in relation to its involvement in the proposed development of the Te Rere Hau wind farm situated on the Tararua Ranges near Palmerston North.Relates to: Electricity
$788,000 refunds over redundancy insurance for the unemployed
27 May 2007
In an out-of-Court settlement reached with the Commerce Commission, Auckland company Club Finance has agreed to refund $788,000 to borrowers who were required to insure their car loans against the risk of redundancy, despite being unemployed at the time they took out the loans.Relates to: Consumer Credit
Warehouse acquisition clearance applications: date extension
25 May 2007
A further extension has been agreed to the due date for two clearance decisions relating to The Warehouse.Relates to: Business Competition
$146,000 payout over Auckland car loans
25 May 2007
The partners of Auckland car finance business Dolbak Finance have been fined $100,000 over car loan contracts that did not properly disclose fees and charges.Relates to: Consumer Credit
SkyBiz pyramid scheme victims repaid today
22 May 2007
New Zealand victims of a global pyramid scheme are today being sent their compensation from a U.S. $20 million fund set up to compensate victims worldwide.Relates to: Fair Trading
Exemption granted for Top Energy Ngawha expansion
17 May 2007
The Commerce Commission has granted Top Energy Limited a limited exemption under the Electricity Industry Reform Act to expand its geothermal generation plant at Ngawha Springs, Northland.Relates to: Electricity
Kiwibank pleads guilty over credit card fees
16 May 2007
Kiwibank has become the fifth major bank to plead guilty to breaching the Fair Trading Act by failing to properly disclose currency conversion fees paid by its MasterCard cardholders. Customers paid fees of 2.6% of the total transaction.Relates to: Fair Trading, Consumer Credit
Commission alleges global cartel affected NZ electricity industry
16 May 2007
The High Court has granted the Commerce Commission leave to serve proceedings against three European companies for an alleged global cartel that affected the New Zealand electricity industry.Relates to: Fair Trading, Electricity
Commission reaches settlement with Unison Networks
11 May 2007
The Commerce Commission has accepted an administrative settlement offer from Unison Networks Ltd. This means the company's distribution services will not be placed under regulatory control.Relates to: Electricity
Variation to NZRU salary cap agreed
11 May 2007
The Commerce Commission has authorised the New Zealand Rugby Union to vary the salary cap rules for provincial unions competing in the Air New Zealand Cup. The variation applies only to the 2007 year.Relates to: Business Competition
Carter Holt Harvey cleared to acquire Lakesawn Lumber
9 May 2007
The Commerce Commission has cleared Carter Holt Harvey Limited to acquire the sawn timber business of Lakesawn Lumber Limited, which is a member of the Pedersen group of companies.Relates to:
Commission declines applications from Foodstuffs and Woolworths to acquire The Warehouse
8 May 2007
The Commerce Commission has declined to grant clearance to Foodstuffs and declined to grant clearance to Woolworths Limited for either of them to acquire up to 100% of the shares in The Warehouse Group Limited.Relates to: Business Competition
Nelson car dealer fined $15,000 for misleading car sales
7 May 2007
Nelson based The Car Company Limited has been fined $15,000 for five offences under the Fair Trading Act.Relates to: Fair Trading
