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November 2006

Owens Corning applies for clearance to acquire Compagnie de Saint-Gobain

21 November 2006

The Commerce Commission has received an application from Owens Corning seeking clearance to acquire the building reinforcement business of Compagnie de Saint-Gobain.

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Schedule 3 Investigations into amending the Roaming and Co-location Services

16 November 2006

The Commerce Commission's investigations into whether or not to amend the terms of the current roaming and co-location services have now formally commenced, with the Commission's decision to investigate under Schedule 3 of the Telecommunications Act 2001 published in today's New Zealand Gazette.

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Successful first prosecution under CCCF Act

15 November 2006

In the first prosecution under the Credit Contracts and Consumer Finance Act, Senate Finance Limited, which provides finance to the customers of car dealers, has been fined $59,000 for giving customers terms and conditions they could not read. Seventeen affected customers were also awarded a total of $13,700 in statutory damages.

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Commission alleges price-fixing in credit card interchange fees

10 November 2006

The Commission has issued civil proceedings against Visa, MasterCard and 11 financial institutions for alleged price-fixing in relation to interchange fees.

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Solid Energy cleared to acquire Newvale Coal

10 November 2006

The Commission has cleared Solid Energy New Zealand Limited to acquire the entire share capital in Newvale Coal Co Limited.

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Consultation begins on Unison administrative settlement

9 November 2006

The Commission today released its consultation package on an administrative settlement offer proposed by Unison Networks as an alternative to the imposition of regulatory control.

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