December 2011
Commerce Commission Input Methodology processes upheld by High Court
23 December 2011
The Commerce Commission today welcomed a High Court judgment on a number of judicial review applications around the Commission's 2010 Input Methodology determinations. Justice Clifford found for the Commission on all but one of the challenges brought by Vector, Wellington international Airport, Christchurch International Airport and Transpower.
Relates to: Pan Industry Projects
High Court hands out $3million penalty in refrigerator compressor industry cartel case
22 December 2011
The High Court at Auckland has imposed a penalty of $3million against a major manufacturer of refrigerator compressors following a cartel investigation under the Commerce Act.
Relates to: Business Competition
Second electricity company to refund customers after Fair Trading Act breaches
20 December 2011
A second electricity company this year has admitted breaching the Fair Trading Act and will refund customers who weren't given a prompt payment discount with their final bills.
Relates to: Fair Trading
IAG New Zealand Limited seeks clearance to acquire AMI Insurance
20 December 2011
The Commerce Commission has received an application from IAG New Zealand Limited (IAG) seeking clearance to acquire certain business assets of AMI Insurance.
Relates to: Business Competition
Mobile monitoring report shows continuation of early trends
20 December 2011
The Commerce Commission's second mobile monitoring report released today shows a continued narrowing of the difference between the costs of on-net and off-net calls and text messages. This has resulted in an increase in calling and text messaging between mobile networks.
Relates to: Fair Trading
Commerce Commission releases issues paper on high speed broadband demand-side study
19 December 2011
The Commerce Commission has today released the first of three issues papers relating to the uptake of high speed broadband ahead of a public conference in February 2012. The paper examines the technical issues that the Commission has identified as being relevant to the uptake of high speed broadband services.
Relates to: Telecommunications
GE Money settles with Commerce Commission on Fair Trading Act breach
19 December 2011
A settlement between the Commerce Commission and GE Money today will result in GE Money paying a $60,000 donation to the New Zealand Federation of Family Budgeting Services after admitting it breached the Fair Trading Act.
Relates to: Fair Trading
Fonterra's proposed Kotahi joint venture unlikely to lessen competition - draft decision by Commerce Commission
16 December 2011
The Commerce Commission has reached a preliminary view that a proposed joint venture between Fonterra Co-operative Group Limited and Silver Fern Farms Limited would be unlikely to harm competition, and therefore does not need an authorisation under the Commerce Act.
Relates to: Business Competition
Telecommunications benchmarking report shows New Zealand broadband pricing is improving but fixed line calling remains expensive
15 December 2011
The Commerce Commission has released its second report that benchmarks New Zealand prices for fixed line and mobile telecommunications services against international prices.
Relates to: Telecommunications
Seagate Technology granted clearance to acquire the hard disk drive business of Samsung Electronics
15 December 2011
The Commerce Commission has granted clearance for Seagate Technology Plc to acquire certain assets of the hard disk drive business of Samsung Electronics Co. Limited.
Relates to: Business Competition
"Outrageous" conduct leads to indefinite banning order for lender
6 December 2011
The Commerce Commission has welcomed a banning order, the first of its kind issued under the Credit Contracts and Consumer Finance Act, which indefinitely prevents bankrupt and convicted fraudster Trevor Allan Ludlow from setting up, operating or working in the consumer finance industry.
Relates to: Fair Trading, Consumer Credit
