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Business Competition media releases

May 2003

Commerce Act: Update on process and timing for Pohokura gas authorisation

1 May 2003

The Commerce Commission will release its draft determination on the application for authorisation regarding the Pohokura gas field on Thursday 15 May. The Commission had initially intended to release the determination today.

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February 2003

Commerce Act: Update on process and timing for Pohokura gas authorisation

12 February 2003

The Commerce Commission is intending to release its final determination on the application for authorisation regarding the Pohokura Gas field at the end of July.

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Commission agrees out of court settlement with British American Tobacco - includes brand divestment

5 February 2003

The Commerce Commission has settled out of court with British American Tobacco Holdings (New Zealand) Limited (BAT) for alleged breach of the former section 47 of the Commerce Act. The settlement includes divestment of certain international cigarette brands with an estimated net present value of $10 million, plus a contribution of $350,000 to the Commission's costs.

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