May 2010
Important milestone in setting regulatory regime for airports
31 May 2010
The Commerce Commission has reached an important milestone in the setting of a new regulatory regime for airports under Part 4 of the Commerce Act.
Relates to: Pan Industry Projects, Airports
More false country of origin claims on Royal Jelly product result in fines
28 May 2010
A second company selling Royal Jelly in Auckland souvenir stores, falsely claiming its product to be New Zealand made, has been convicted and fined in the Auckland District Court yesterday. Shim's International Limited, trading as Royal Deer of New Zealand was fined $6,000.
Relates to: Fair Trading
Commerce Commission advises industry on credit card late payment fees
21 May 2010
The Commerce Commission has issued compliance advice letters to a number of banks and credit card providers (issuers) following an investigation into the reasonableness of credit card exception fees.
Relates to: Consumer Credit
Preformed Line Products applies for clearance
20 May 2010
The Commerce Commission has received an application from Preformed Line Products Company seeking clearance to acquire Electropar Limited.
Relates to: Business Competition
New requirements for Telecom's regulatory financial statements published
18 May 2010
The Commerce Commission today published the new information disclosure requirements that Telecom must follow when preparing its regulatory financial statements.
Relates to: Telecommunications
Commerce Commission broadband quality report shows improvement in web browsing speed
18 May 2010
The Commerce Commission has released its report on New Zealand broadband quality covering the period 1 July to 31 December 2009. The report examines the quality of broadband services provided by New Zealand's internet service providers (ISPs).
Relates to: Telecommunications
Commerce Commission recommends regulation of mobile termination access services in draft report
12 May 2010
In a draft reconsideration report issued today, the Commerce Commission has indicated that its preliminary view is to recommend that the Minister for Communications and Information Technology regulate mobile termination access services, and not accept undertakings from Telecom and Vodafone.
Relates to: Telecommunications
Revised draft credit fees guidelines released
12 May 2010
The Commerce Commission today released revised draft guidelines outlining the Commission's enforcement approach to credit fees under the Credit Contracts and Consumer Finance Act (CCCF Act).
Relates to: Consumer Credit
Mortgage break fees investigation by Commerce Commission concluded
11 May 2010
The Commerce Commission has concluded its investigation under the Credit Contracts and Consumer Finance Act (CCCF Act) into the mortgage break fees charged by banks when customers repay their fixed-rate loans early.
Relates to: Consumer Credit
Settlement reached over breaches of consumer legislation
11 May 2010
In a settlement reached with the Commerce Commission, Foundation Custodians, a non-bank financier, has admitted breaching the Credit Contracts and Consumer Finance Act (CCCF Act) and the Fair Trading Act in relation to fees charged on early loan repayments. The company will provide refunds of $200,000 to affected customers.
Relates to: Fair Trading, Consumer Credit
Novartis granted clearance to acquire 52.15% shareholding in Alcon
6 May 2010
The Commerce Commission has granted clearance for Novartis AG to acquire Nestlé S.A.'s 52.15 per cent shareholding in Alcon, Inc.
Relates to: Business Competition
Consumers misled by imported royal jelly passed off as NZ-made
5 May 2010
A company that sold a product made from royal jelly imported from China, with labels that implied the product was made in New Zealand, has been fined $15,000 in the Auckland District Court yesterday.
Relates to: Fair Trading
AMP applies for clearance to acquire AXA Asia Pacific
3 May 2010
The Commerce Commission has received an application from AMP Limited seeking clearance to acquire the Australian and New Zealand assets and business of AXA Asia Pacific Holdings Limited.
Relates to: Business Competition
