June 1996
Agreement to address valuation concerns
28 June 1996
Fletcher Homes Ltd and Residential Mortgages Ltd (RML) have agreed with the Commerce Commission about how they will address the concerns of homeowners who believe their properties may have been over-valued.Relates to: Fair Trading
Commission asked to authorise electricity rules
27 June 1996
The Commerce Commission has been asked to authorise several parts of the rules for the New Zealand Electricity Market which becomes fully-operative on October 1.Relates to: Business Competition
Four breaches of Fair Trading Act cost Cellular One $8,535
24 June 1996
Pacific Telephones Ltd, which trades in Christchurch as Cellular One, has been fined $7,500 plus costs of $1,035 today after pleading guilty in the Christchurch District Court to three charges of misleading customers about the cost of cellphones and one of not having cellphones available as advertised.Relates to: Fair Trading
Commission declines to clear or authorise Ravensdown bid for SouthFert
21 June 1996
The Commerce Commission said today it cannot clear or authorise Ravensdown Corporation Ltd's proposal to acquire up to 100 percent of the shares of SouthFert Co-operative Ltd.Relates to:
Commission acts against labelling breaches
20 June 1996
The Commerce Commission has so far this financial year taken action against 40 businesses who it alleged were breaching the country of origin labelling regulations.Relates to: Fair Trading
Breach of Fair Trading Act costs Homebuilding Company and Real Estate Agency $12,000
17 June 1996
Kapiti Coast Real Estate Ltd and Kapiti Homebuild Ltd were sentenced today in the Wellington District Court for breaching the Fair Trading Act by misleading a home owner about a fee included in the cost of building his home.Relates to: Fair Trading
Marlborough Electric and Tasman Energy cleared to acquire Nelson Electricity Ltd
17 June 1996
The Commerce Commission today cleared the acquisition of 100 % of the shares in Nelson Electricity by Marlborough Electric and Tasman Energy.Relates to:
Commerce Commission and Consumer Affairs staff to meet Timaru businesses
14 June 1996
The Commerce Commission and Ministry of Consumer Affairs will be visiting Timaru businesses and speaking at meetings on June 18 and 19.Relates to: Fair Trading
Real estate company and builder admit misleading home buyer about fee
10 June 1996
Kapiti Coast Real Estate Ltd and Kapiti Homebuild Ltd today pleaded guilty in the Wellington District Court to breaching the Fair Trading Act by misleading a home owner about a fee included in the cost of building his home.Relates to: Fair Trading
Commission clears News and Air NZ acquisitions of Ansett companies
4 June 1996
The Commerce Commission today cleared News Corporation to acquire up to 100% of Ansett New Zealand and also cleared Air New Zealand to acquire 50% of Ansett Holdings, subject to News and Air New Zealand undertaking to dispose of all of the assets and shares owned and held by Ansett Australia Holdings in Ansett New Zealand.Relates to:
