December 2012
Bluestone mortgage customers to get $200,000 back
24 December 2012
The Commerce Commission has reached an out of court settlement with three companies from the finance industry that will see $200,000 paid to 295 customers.
Relates to: Consumer Credit
Singapore Airlines Cargo becomes seventh airline to settle air cargo cartel case
21 December 2012
The High Court has ordered Singapore Airlines Cargo PTE (SIA Cargo) to pay a $4.1 million penalty for price fixing in breach of the Commerce Act. The company is the seventh airline to settle with the Commerce Commission in the long-running air cargo cartel case.
Relates to: Business Competition
Penguin and Random House seek clearance to form a joint venture
20 December 2012
Bertelsmann SE & Co. (owner of Random House) and Pearson plc (owner of Penguin) seek clearance to form a new jointly-owned company to be called Penguin Random House, which will acquire the retail book publishing businesses of Random House and Penguin.
Relates to: Business Competition
Commerce Commission secures $60m for investors in failed Credit SaILS product
18 December 2012
The Commerce Commission has reached a settlement with five companies that concludes its investigation into the failed investment product Credit SaILS. As part of the settlement, the companies have agreed to create a settlement fund of $60 million to be distributed to investors who lost money when Credit SaILS failed in 2008.
Relates to: Fair Trading
New guidelines for prepaid phone card industry
17 December 2012
The Commerce Commission has issued new guidelines for the prepaid phone card industry following customer complaints that some cards did not deliver the number of calling minutes advertised.
Relates to: Fair Trading
Commission releases final report on first statutory review of Fonterra’s milk price manual
14 December 2012
The Commerce Commission has today released a final report on its first statutory review of Fonterra’s milk price manual. The manual determines how Fonterra calculates the farm gate milk price, which is the price paid by Fonterra to dairy farmers for their raw milk.
Relates to: Dairy Industry
Don’t promise what you can’t deliver Commission reminds retailers
10 December 2012
The Commerce Commission is reminding retailers of their responsibilities under the Fair Trading Act as the Christmas shopping season gathers pace.
Relates to: Fair Trading
Commission announces small reduction in wholesale price for Chorus’ local copper lines
3 December 2012
The Commerce Commission has today released its final decision on the wholesale price for access to Chorus’ unbundled copper local loop (UCLL).
Relates to: Telecommunications
Commission announces proposed wholesale price for broadband bitstream service
3 December 2012
The Commerce Commission has today released its draft decision on a new cost-based price for Chorus’ unbundled bitstream access (UBA) service.
Relates to: Telecommunications
Hamilton Radiology seeks clearance to acquire Medimaging
3 December 2012
The Commerce Commission has received an application from Hamilton Radiology Limited.
Relates to: Business Competition
