December 1998
1998 an important year for competition law: record penalties and more responsibilities for Commission
28 December 1998
1998 saw courts imposing record penalties under both Commerce and Fair Trading Acts, the Commerce Commission in the Privy Council for the first time and a third Act for the Commission to enforce.Relates to:
Commission clears Massey to acquire Auckland College of Education
24 December 1998
The Commerce Commission today cleared Massey University to acquire the assets and businesses of the Auckland College of Education.Relates to:
Commission offices reopen January 5
23 December 1998
Commerce Commission offices will be closing for the Christmas and New Year holidays at 4.30pm Thursday 24th December. They will reopen at 8.30am on Tuesday 5 January 1999.Relates to:
Commission Clears Mainland to Acquire Food Solutions Group
22 December 1998
The Commerce Commission yesterday cleared Mainland Products Limited to acquire up to 100% of the shares in Food Solutions Group Limited.Relates to:
Baby toy choking hazard: sixth toy recall in nine months
16 December 1998
Commerce Commission action against unsafe toys continued today with the sixth product recall in the last nine months.Relates to: Fair Trading
Director fined $20,000 plus costs for Fair Trading breaches
14 December 1998
The Christchurch District Court has found company director Hugo Barton Kearney personally liable for his company, Kearney Finance (NZ) Limited, breaching the Fair Trading Act and has fined him $20,000 plus $1,430 costs.Relates to: Fair Trading
Commission clears Contact to acquire Enerco gas retailing
11 December 1998
The Commerce Commission today cleared Contact Energy Limited to acquire the gas retailing business of Enerco New Zealand Limited. The Commission's Decision includes a change in the way it views electricity markets.Relates to:
