31 March 2009The Commerce Commission has warned the Real Estate Network Limited (REN) that it and its members risk breaching the Commerce Act. REN is a cooperative company representing approximately 95 per cent of licensed residential real estate agents in and around Christchurch. Last year it adopted a by-law setting a minimum for commissions payable between its members.
30 March 2009The Commerce Commission has developed a new streamlined authorisation process that will enable faster decisions on certain authorisation applications. This should result in more timely and cost-effective decisions by businesses.
23 March 2009The Commerce Commission has today filed proceedings in the High Court in Auckland alleging the collusive fixing of prices in the waste oil industry.
20 March 2009The Commerce Commission is disappointed that Air New Zealand has chosen to file what the airline itself describes as "unnecessary litigation" and in so doing, is seeking to delay the proceedings that seek to determine whether or not Air New Zealand was a party to a sophisticated international price fixing arrangement.
18 March 2009
The Commerce Commission welcomes a Court of Appeal ruling today confirming the New Zealand Courts' jurisdiction over overseas residents alleged to have breached the Commerce Act.
6 March 2009The Commerce Commission has given clearance today for Auckland businessman Mr David Ferrier, or his company New Zealand Woolscourers Limited, to acquire wool scouring and wool dumping assets of Godfrey Hirst NZ Limited and shares in Cavalier Wool Holdings Limited. The acquisition will result in the wool scouring businesses of Cavalier Wool and Godfrey Hirst coming under common ownership.