February 2003
Telecommunications Act: Commission to investigate pricing principle
27 February 2003
The Commerce Commission is investigating whether the formula under the Telecommunications Act for setting initial prices for bundled service offerings should be amended.Relates to: Telecommunications
Electricity Lines Businesses: Commission confirms conference details
27 February 2003
The Commerce Commission will hold a five-day conference on its draft decisions on the regulatory regime for electricity lines businesses from 10-14 March 2003.Relates to: Electricity
TelstraClear pleads guilty to misleading Sky TV offer
26 February 2003
TelstraClear Limited was fined $5,000 plus costs in the North Shore District Court today, having pleaded guilty to misleading its customers as to the nature of a Sky TV promotional offer.Relates to: Telecommunications
Commerce Act: Southern Capital applies to Commission to acquire Hirepool
24 February 2003
The Commerce Commission has received a clearance application from Southern Capital Limited to acquire 100% of the shares in Hirepool Limited from Owens Group Limited.Relates to:
Commission clears Burns Philp to acquire Goodman Fielder
21 February 2003
The Commerce Commission has cleared Burns Philp & Company Limited to acquire up to 100% of the share capital of Goodman Fielder Limited subject to a divestment of the New Zealand yeast business of New Zealand Food Industries Limited (NZFI).Relates to:
Commerce Act: Extension to Burns Philp clearance application
20 February 2003
The Commerce Commission and Burns Philp & Company Limited have agreed to a 24 hour extension to allow further consideration of Burns Philp's application under the Commerce Act for clearance to acquire up to 100% of the share capital of Goodman Fielder Limited.Relates to:
Commission clears Wakefield to acquire Bowen Hospital
19 February 2003
The Commerce Commission has cleared Wakefield Hospital Limited to acquire all of the issued shares in Bowen Hospital Limited and all of the land and buildings situated at its Churchill Drive site in Wellington.Relates to:
Kiwibank admits advertising liable to mislead
13 February 2003
In a settlement with the Commerce Commission, Kiwibank Limited has admitted that an advertising campaign it ran in September and October last year promoting 'cheaper home loans guaranteed' was liable to mislead consumers.Relates to: Fair Trading
Pyramid scheme to refund members $300,000
12 February 2003
The High Court has ordered that money collected from the membership fees of Alpha Club New Zealand Limited be redistributed to some members after deeming the scheme to be pyramid selling in breach of section 24 of the Fair Trading Act.Relates to: Fair Trading
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.Relates to: Business Competition
Commerce Commission clears Gribbles Group to acquire Alpha Scientific
7 February 2003
The Commerce Commission has cleared Gribbles Group Limited to acquire the business and business assets of Alpha Scientific Limited.Relates to:
Programme confirmed for telecommunications conference
7 February 2003
The Commerce Commission has confirmed its programme for a four day conference on its draft report relating to TelstraClear Limited's application for a determination to permit the resale of some services offered by Telecom New Zealand Limited.Relates to: Telecommunications
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.Relates to: Business Competition
Commission clears Contact Energy Limited to acquire Taranaki Combined Cycle
4 February 2003
The Commerce Commission has approved an application from Contact Energy Limited (Contact), to acquire 100% of the shares in Stratford Power Limited, a 100% owned subsidiary of Natural Gas Holdings Corporation Limited (NGC), which owns Taranaki Combined Cycle thermal electricity generation plant (TCC).Relates to:
Commission clears Genesis Power Limited to acquire Taranaki Combined Cycle
4 February 2003
The Commerce Commission has approved an application from Genesis Power Limited (Genesis), to acquire 100% of the shares in Stratford Power Limited, a 100% owned subsidiary of Natural Gas Holdings Corporation Limited (NGC), which owns Taranaki Combined Cycle thermal electricity generation plant (TCC).Relates to:
