Business Competition Media Releases

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April 2014

Commission completes long running trans-Tasman cartel case

8 April 2014

The Commerce Commission has completed its long running case involving the cardboard packaging cartel between Visy Board Pty Ltd (Visy) and Amcor Ltd with the final defendant, Mr James Hodgson, being ordered to pay a penalty of $60,000 and costs of $38,352 for his involvement.

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Air freight cartel nets almost $12 million in penalties

8 April 2014

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million and sends a strong message to the business community that cartel behaviour is unacceptable.

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Commerce Commission confirms forex investigation

7 April 2014

The Commerce Commission has confirmed that it has an investigation into possible manipulation of currency rates and possible influencing of benchmarks in foreign exchange (forex) markets.

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Atlas Copco seeks clearance to acquire Ash Air

2 April 2014

The Commerce Commission has received an application from Atlas Copco South Pacific Holdings Pty Limited (Atlas Copco) seeking clearance to acquire some of the assets of Lancaster Group Limited including Ash Air (N.Z) Limited, Ash Air Oil & Gas Limited, MBAR 2011 Limited, and Fox Air NZ Limited (together, Ash Air).

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March 2014

Carter Holt Harvey fined for “classic” price fixing breaches

26 March 2014

Commerce Commission General Manager Competition, Kate Morrison says the High Court’s decision to fine Carter Holt Harvey $1.85 million for price fixing in the Auckland commercial timber market highlights the potential impact of price fixing on consumers.

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February 2014

Bluescope Steel seeks clearance to acquire certain assets of Pacific Steel Group

24 February 2014

The Commerce Commission has received an application from Bluescope Steel (NZ) Ltd (Bluescope) seeking clearance to acquire some of the assets of Pacific Steel Group’s (PSG) steel production business.

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USG Corporation and Boral Limited granted clearance to form a joint venture

21 February 2014

The Commission has granted clearance to USG Corporation (USG) and Boral Limited (Boral) to enter into a joint venture.

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Commission confirms formal investigation into allegations

20 February 2014

The Commerce Commission has confirmed it is formally investigating the allegations of anti-competitive behaviour towards suppliers by Countdown.

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Commission advises confidentiality available

14 February 2014

The Commerce Commission confirmed yesterday that it is assessing alleged anti-competitive behaviour by Countdown towards their suppliers.

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Commission issues warning over ‘no discounting’ clause

13 February 2014

The Commerce Commission has warned all New Zealand District Health Boards (DHBs) and pharmacies nationwide that “no discounting” clauses in the 2012 Community Pharmacy Services Agreement (CPSA) are likely to have breached s 27 of the Commerce Act 1986.

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Commerce Commission assessing allegations against Countdown

13 February 2014

The Commerce Commission has confirmed that it has received a written complaint outlining concerns of alleged anti-competitive behaviour by Countdown towards their suppliers.

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January 2014

Statement of preliminary issues for IAG’s application to acquire 100% of the shares in Lumley

30 January 2014

The Commerce Commission has published a statement of preliminary issues relating to an application from IAG (NZ) Holdings Limited (IAG) to acquire 100% of the shares in Lumley General Insurance (N.Z.) Limited (Lumley).

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Bauer given clearance to acquire magazine titles

24 January 2014

The Commerce Commission has cleared Bauer Media Group (NZ) LP (Bauer) to acquire all of the assets used by APN Specialist Publications NZ Limited (APNSP) in the publication of the New Zealand editions of the following magazines: New Zealand Woman’s Weekly; Simply You; Simply You Living; New Zealand Listener; and Crème.

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