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November 2007

Hill & Stewart guilty of 14 charges under Fair Trading Act

30 November 2007

An appliance retailer has been found guilty of charges under the Fair Trading Act 1986 for making claims that prices were interest free when in fact the prices were more expensive than the cash prices.

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The Warehouse High Court decision

29 November 2007

The Commerce Commission is disappointed by the High Court's decision allowing the appeals of the three Foodstuffs co-operatives and Woolworths Ltd against the Commission's decision declining clearance for either party to acquire up to 100% shares in, or assets of, The Warehouse Group Ltd.

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Sumitomo Forestry applies for clearance to acquire Carter Holt Harvey MDF assets in Rangiora

28 November 2007

The Commerce Commission has received an application from Sumitomo Forestry Co Limited seeking clearance to acquire all of the medium density fibre board (MDF) assets and business operations of Carter Holt Harvey Limited (Building Supplies Division) situated in Rangiora.

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Court injunction granted against Discount Premium Holidays

28 November 2007

A group of companies that has been telemarketing discount travel memberships and vouchers has been ordered to stop breaching the Fair Trading Act, as a result of an injunction sought by the Commerce Commission.

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ALT TV settles with Commerce Commission over text and competitions

26 November 2007

ALT TV, an independently owned television station based in Auckland, has settled with the Commerce Commission and agreed that not disclosing the cost of text messages, and misleading viewers over the nature of a prize offered in a competition, may have contravened sections 11 and 17 of the Fair Trading Act.

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DFS Group Limited applies for clearance to acquire The Nuance Group

23 November 2007

The Commerce Commission has received an application from DFS Group Limited (DFS) seeking clearance to acquire 100 % of the shares in The Nuance Group (Nuance).

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Commerce Commission initiates legal action against alleged cartel

22 November 2007

The Commerce Commission has filed civil proceedings in the Auckland High Court against a New Zealand company, its Australian parent company and four executives for alleged cartel behaviour in the New Zealand corrugated fibre packaging industry.

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Credit card users get over $24m back

22 November 2007

A sentencing in the Auckland District Court today has brought to a close three years of action by the Commerce Commission to expose and seek redress for undisclosed and inadequately disclosed overseas transaction fees.

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Whitcoulls Cleared to Acquire Borders

21 November 2007

The Commerce Commission has cleared A&R Whitcoulls Group Holdings Pty Limited (Whitcoulls) to acquire 100 % of the shares in Borders New Zealand Limited (Borders).

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Discharge without conviction overturned

21 November 2007

The Commerce Commission has been successful in overturning the discharge without conviction of Naresh Shukla, Director of 230 Marua Limited, a leather furniture company.

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Cadmus and Provenco apply for clearance to merge

21 November 2007

The Commerce Commission has received an application from Cadmus Technology Limited and Provenco Group Limited seeking clearance for a merger transaction through which Cadmus and Provenco will amalgamate pursuant to Part XIII of the Companies Act 1993.

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Reasons for Transpacific Industries being cleared (with divestments) to acquire parts of EnviroWaste Services

21 November 2007

The Commerce Commission has released its reasons for granting clearance to Transpacific Industries to acquire certain South Island solid waste collection businesses of EnviroWaste Services. The clearance was given providing Transpacific Industries divests back to EnviroWaste:

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Commission selects Epitiro to monitor broadband quality

20 November 2007

The Commerce Commission announced today it had selected Epitiro Technologies Ltd to provide data to measure the quality of the broadband services being provided in New Zealand.

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Electricity Industry Reform Act: Commission grants exemption to Lloyd Morrison

19 November 2007

The Commerce Commission has granted Lloyd Morrison an exemption under the Electricity Industry Reform Act 1998 (the EIR Act) in relation to his potential appointment to the board of Auckland International Airport Limited (AIAL), an electricity lines business.

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Cavalier and Norman Ellison cleared to form joint venture

15 November 2007

The Commerce Commission has cleared Cavalier Corporation Limited and Norman Ellison Holdings Limited to form a joint venture company that will acquire the carpet businesses of Norman Ellison Holdings Limited and its subsidiaries.

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Court of Appeal confirms that NZ Bus acquisition of Mana Coach shares breached Commerce Act

15 November 2007

The Court of Appeal has upheld a High Court ruling that New Zealand Bus Limited (NZBL) breached section 47 of the Commerce Act, which prohibits business acquisitions that are likely to substantially lessen competition.

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Final determinations for unbundled local loop

7 November 2007

The Commerce Commission has issued its final determinations on the price and non-price terms on which Telecom must make unbundled copper local loop and co-location regulated services available to other telecommunications providers.

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Commission receives application for EIR Act exemption from Lloyd Morrison

2 November 2007

The Commerce Commission has received an application from Lloyd Morrison, seeking exemption from section 17 of the Electricity Industry Reform Act 1998 in relation to his nomination for a position of director of Auckland International Airport by Infratil.

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Commission receives application for EIR Act exemption from Babcock & Brown International Limited

2 November 2007

The Commerce Commission has received an application from Babcock & Brown International Pty Limited, seeking exemption from section 17 of the Electricity Industry Reform Act 1998 in relation to Powerco, Glenbrook Power Station and Te Rere Hau wind farm.

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Transpacific Industries cleared to acquire parts of EnviroWaste Services provided assets are divested

1 November 2007

The Commerce Commission has cleared Transpacific Industries to acquire the following business and assets of EnviroWaste Services:

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Electricity Industry Reform Act: Commission grants exemption to The Lines Company

1 November 2007

The Commerce Commission has granted The Lines Company Limited (TLC) a limited exemption under the Electricity Industry Reform Act 1998 (the EIR Act) in relation to its proposed involvement in the development of a hydro-generation plant, located on the Waikohu Stream near Gisborne.

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