29 October 2007Geneva Finance Limited has refunded $588,114 to over 900 customers, following an out-of-court settlement with the Commerce Commission.
19 October 2007The Commerce Commission has received an application from Pacific Radiology Limited seeking clearance to acquire all the assets of Wellington Radiology Limited.
12 October 2007Diners Club has become the eighth financial institution to plead guilty to breaching the Fair Trading Act by failing to properly disclose its currency conversion fees.
12 October 2007The Commerce Commission has received an application from Cavalier Corporation Limited and Norman Ellison Holdings Limited seeking clearance for a proposal under which a new joint venture company (owned by the parties) will acquire the carpet business of Norman Ellison Holdings Limited and its subsidiaries, and Norman Ellison Shareholders will acquire shares in Cavalier.
Commerce Commission consults on its draft decision to accept an administrative settlement offer from Transpower
5 October 2007The Commerce Commission is proposing to accept an administrative settlement offer from Transpower, instead of placing Transpower's transmission services under regulatory control.
4 October 2007In its Draft Authorisation released today, the Commerce Commission is proposing to authorise prices for the supply of Powerco Limited and Vector Limited's gas distribution services which would represent reductions of 42% and 15%, respectively, if implemented.
4 October 2007
The Commerce Commission has cleared Schering-Plough Corporation to acquire 100 percent of the shares in, or assets of, Organon Biosciences N.V. The clearance is subject to the divestment undertaking dated 1 October 2007 provided by Schering-Plough Corporation to the Commission pursuant to section 69A of the Commerce Act 1986.
Commission reports to Minister on Sprint's compliance with Service Quality Measures for Relay Service
2 October 2007The Commerce Commission has reported to the Minister of Communications on Sprint International New Zealand Limited's performance in complying with the Telecommunications Service Obligations (TSO) Deed for Telecommunications Relay Services (TRS). This Deed sets out the service quality requirements for meeting the telephone communication needs of deaf, hearing impaired and speech impaired people. The Commission's report is for the period from 1 July 2006 to 30 June 2007.
1 October 2007The Commerce Commission has granted Vector Limited a limited exemption under the Electricity Industry Reform Act 1998 (the EIR Act) in relation to its proposed involvement in the development of the Te Rere Hau wind farm situated on the Tararua Ranges near Palmerston North.
1 October 2007
The Commerce Commission has today released a summary report of its review of the 2006/07 asset management plans of electricity lines businesses.