March 2005
Final reminder to credit industry: 1 April start for new law
31 March 2005
The Commerce Commission is reminding credit providers that they must be up with the play, when new credit law comes into full force tomorrow.Relates to: Consumer Credit
Rubbish bin recommended for chain letter promising riches
24 March 2005
The Commerce Commission warns the public to ignore and bin a chain letter currently circulating in New Zealand, apparently initiated by Perth-man David Rhodes.Relates to: Fair Trading
Electricity Lines Businesses: High Court dismisses claims against threshold decisions and consultation process
24 March 2005
The High Court in Wellington yesterday dismissed claims from four electricity distribution businesses that the Commerce Commission's consultation process for setting the thresholds was flawed and the threshold decisions were unreasonable. The Commission set thresholds as part of the targeted control regime for electricity lines businesses under Part 4A of the Commerce Act.Relates to: Electricity
James Peters applies for exemption under EIR Act
24 March 2005
The Commerce Commission has received an application from James Peters and the Peters group of companies for an exemption under the Electricity Industry Reform Act 1998 (EIR Act) in relation to the proposed acquisition by one of those companies of part of the block known as the Finance Centre on the corner of Albert Street and Victoria Street, Auckland.Relates to: Electricity
Telecommunications Act: Commerce Commission sets final TSO cost for the 2002/2003 period
23 March 2005
The Commerce Commission has today announced its calculation of Telecom New Zealand's net cost of complying with its telecommunication service obligations (TSO) for the period from 1 July 2002 to 30 June 2003. The Commission's net cost calculation is $56.78 million.Relates to: Telecommunications
Changes to credit legislation signals first for New Zealand
22 March 2005
New Zealand is about to see major changes in how New Zealanders borrow and lend money, with this area of legislation being enforced by a regulatory body for the first time. From April 1, the Credit Contracts and Consumer Finance Act will be in full force.Relates to: Consumer Credit
Souvenir company and director fined a total of $35,000 for false UMF honey labels
18 March 2005
'Tomorrow Dream Line Limited' and its former director Sang Rae Kim were sentenced and fined $35,000 in the Auckland District Court today for breaching the Fair Trading Act by making false representations about the 'Unique Manuka Factor' (UMF) in honey sold through its Auckland Dream Line Souvenir shops and other tourist outlets and about who was packing the honey product supplied by the company.Relates to: Fair Trading
Electricity Lines: Commerce Commission releases key performance information of 29 lines businesses
17 March 2005
The Commerce Commission has today released the data disclosed by the 28 electricity distribution businesses and Transpower in accordance with the Commission's Electricity Information Disclosure Requirements 2004 established under Part 4A of the Commerce Act.Relates to: Electricity
Wayne Boyd applies for exemption under EIR Act
15 March 2005
The Commerce Commission has received an application from Wayne Boyd for an exemption under the Electricity Industry Reform Act 1998 (EIR Act) in relation to his proposed appointment as a director of Meridian Energy Limited (Meridian).Relates to: Electricity
Electricity Lines Businesses: Information Disclosure and Asset Valuation Choice Conference
15 March 2005
The Commerce Commission will hold a three-day conference starting this week in relation to the review of the information disclosure regime and draft decisions on implementing valuation choice for system fixed assets of electricity lines businesses. The review and draft decisions are part of the Commission's work on the regulation of lines businesses under Part 4A of the Commerce Act.Relates to: Electricity
