Business Competition Media Releases

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September 2010

Guidelines on recognising and deterring bid rigging released by Commerce Commission

3 September 2010

The Commerce Commission has today released three related resources to assist purchasers in both the public and private sectors in recognising and deterring bid rigging.

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Commerce Commission files freight forwarding cartel proceedings and settles with two defendants

2 September 2010

The Commerce Commission has filed proceedings in the High Court in Auckland against a number of companies accused of anti-competitive conduct in the freight forwarding market.

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July 2010

$100,000 penalties imposed in Waikato pathology services case

23 July 2010

The High Court in Auckland has imposed penalties on New Zealand Diagnostic Group and Pathology Associates Limited after they admitted being parties to an anti-competitive agreement concerning community pathology testing services in the Waikato area.

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June 2010

Tomarata Sand granted clearance to acquire Coastal Resources

25 June 2010

The Commerce Commission has granted clearance to Tomarata Sand Limited to acquire the assets and business of Coastal Resources Limited relating to sand mining operations at Tomarata in Northland.

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Preformed Line Products granted clearance to buy Electropar

24 June 2010

The Commerce Commission has granted clearance for Preformed Line Products Company to acquire Electropar Limited.

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Scandinavian Tobacco applies for clearance to acquire Swedish Match

22 June 2010

The Commerce Commission has received an application from Scandinavian Tobacco Group seeking clearance to merge their New Zealand cigar and pipe tobacco business with Swedish Match.

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AMP granted clearance to buy AXA’s Australian and New Zealand businesses

21 June 2010

The Commerce Commission has granted clearance for AMP Limited to acquire the Australian and New Zealand operations of AXA Asia Pacific Holdings Limited.

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Divestment guidelines released

4 June 2010

The Commerce Commission has today released guidelines on how it will consider divestment undertakings as part of an application for clearance for a business merger or acquisition.

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May 2010

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.

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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.

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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.

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April 2010

Gisborne Farmers Market agrees to remove pricing rule

28 April 2010

The Commerce Commission has concluded its investigation into an allegation of price-fixing by the Committee of Gisborne Farmers Market. A settlement has been reached which has resolved the issue without any need for court action, and ensures that prices at the market will be set by the individual stall holders.

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Statement of preliminary issues available for Tomarata Sand’s clearance application

26 April 2010

The Commerce Commission has published a statement of preliminary issues relating to an application seeking clearance received from Tomarata Sand Limited, which is owned by Stan Semenoff.

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Hoyts granted clearance to buy Berkeley exhibition business

21 April 2010

The Commerce Commission has granted clearance for Hoyts Corporation Holdings (NZ) Limited to acquire the Berkeley film exhibition business from Everard Entertainment Limited.

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Supreme Court overrules Commission’s ability to pursue overseas resident

16 April 2010

The Commerce Commission has today received judgment from the Supreme Court in relation to an issue of jurisdiction relating to individuals resident overseas who are alleged to have breached the Commerce Act.

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Tomarata Sand applies for clearance to acquire Coastal Resources

13 April 2010

The Commerce Commission has received an application from Tomarata Sand Limited seeking clearance to acquire the assets and business of Coastal Resources Limited.

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Commerce Commission closes investigation into music copyright holders

1 April 2010

A Commerce Commission investigation has resulted in a voluntary change of rules in the music copyright industry that will allow for competition to occur, to the benefit of those who purchase licenses for copyrighted music.

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Novartis AG applies for clearance

1 April 2010

The Commerce Commission has received an application from Novartis AG seeking clearance to acquire the majority shareholding in Alcon, Inc.

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March 2010

Hoyts NZ applies for clearance

17 March 2010

The Commerce Commission has received an application from Hoyts Corporation Holdings (NZ) Limited (Hoyts NZ) seeking clearance to acquire the film exhibition business assets of the Berkeley Cinema Group (Berkeley).

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Commerce Commission acknowledges select committee report

17 March 2010

The Commerce Commission acknowledges the findings of a Commerce Committee report into a case involving a Northland man who felt he had not been dealt with fairly by the Commission over the consequences of a merger decision reached 24 years ago.

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Cartel leniency policy updated by Commerce Commission

1 March 2010

The Commerce Commission has today released its updated cartel leniency policy.

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February 2010

Trade Me seller warned against anti-competitive behaviour

3 February 2010

The Commerce Commission has issued a formal warning under the Commerce Act to Ernie Travers of Massey, Auckland, a Trade Me seller who, in the Commission’s view, attempted to fix prices for LED bicycle lights with another online seller.

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January 2010

Commerce Commission watching retailers’ credit card surcharges

12 January 2010

The Commerce Commission is taking a close interest in the surcharges some retailers have introduced this week for consumers paying by credit card and will continue to monitor developments.

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