Media releases

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July 2016

Commerce Commission considers rendering merger

28 July 2016

The Commission has received an application for the Wallace Group Limited Partnership (Wallace Group) to acquire up to 100% of the assets and business of Wallace Corporation Limited, Farm Brands. This comprises Farm Brands Limited, Farm Brands Asset Management Limited and South Canterbury By-Products (2009) Limited) and Keep It Clean Limited. 

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Budget Loans and Evolution Finance found guilty on 106 FTA charges

15 July 2016

Finance companies Budget Loans Limited and Evolution Finance Limited have been found guilty in the Auckland District Court on 106 charges brought by the Commerce Commission under the Fair Trading Act.

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Statement of Preliminary Issues released for Vodafone / Sky merger

14 July 2016

The Commerce Commission has published a Statement of Preliminary Issues relating to the proposed merger of Vodafone and Sky.

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SmartStore charged over its customer agreements

12 July 2016

Mobile trader, Smart Shop Limited (trading as SmartStore) yesterday pleaded guilty to 11 charges brought by the Commerce Commission for its loan contracts and extended warranty agreements.

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Commission clears Fletcher Building and Higgins merger

8 July 2016

The Commerce Commission has given clearance for Fletcher Building Holdings New Zealand Limited (Fletcher Building) to acquire Higgins Group Holdings Limited (Higgins).

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Commission files charges over ECE subsidy misrepresentations at Auckland pre-school

5 July 2016

The Commerce Commission has filed charges in the Auckland District Court against Kowhai Montessori Pre-School Limited and its former director and manager Rebecca Brindle, following an investigation into allegations they misrepresented to parents the subsidy the pre-school received under the Government’s Early Childhood Education (ECE) scheme.

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Bayleys and Success Realty to pay $2.2m and $900,000 in penalties in real estate price fixing case

1 July 2016

Bayleys Corporation Limited and Hamilton-based Success Realty Limited have been ordered to pay penalties of $2.2 million and $900,000 respectively following penalty hearings in the Auckland High Court.

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June 2016

Vodafone and Sky seek clearance for merger

30 June 2016

The Commerce Commission has received two clearance applications relating to the proposed merger of Vodafone New Zealand Limited (Vodafone NZ) and Sky Network Television Limited (Sky).

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Commission to investigate deregulating Spark’s resale services

30 June 2016

The Commerce Commission has completed its five yearly review of Schedule 1 of the Telecommunications Act 2001 and confirmed it will investigate whether Spark’s resale voice services should be deregulated.

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Canterbury builder fined for failing to supply building guarantees

20 June 2016

Gerard James Thomson, the Director of construction business, Flaxmill Ltd, was fined $12,800 and ordered to pay $16,700 in compensation to two of the three complainants for making false representations about providing Homefirst building guarantees to home owners.

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Commission releases draft decisions on review of rules for regulated electricity, gas and airport services

16 June 2016

The Commerce Commission has today released draft decisions for consultation on its review of input methodologies (IMs) – the rules, requirements and processes that apply to the sectors it regulates under Part 4 of the Commerce Act.

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First mobile traders sentenced under new laws with increased penalties

15 June 2016

Mobile traders Goodring Company Limited (Goodring) and Betterlife Corporation Limited (Betterlife) have been fined a total of $171,500 after being sentenced in Auckland District Court.

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Statement of Preliminary Issues released for Fairfax / NZME merger

14 June 2016

The Commerce Commission has published a Statement of Preliminary Issues relating to the merger of the businesses of Wilson & Horton Limited (trading as NZME) and Fairfax New Zealand Limited.

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New report details profitability of electricity lines companies

8 June 2016

The Commerce Commission has today released a new report detailing the profitability of the 16 electricity distributors subject to price-quality regulation in New Zealand between 2012 and 2015.

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Commerce Commission receives racing betting authorisation application

3 June 2016

The Commerce Commission has received an application from the New Zealand Racing Board (NZRB) seeking authorisation for parts of a proposed arrangement between the NZRB and Tabcorp Wagering Manager (Vic) Pty Ltd (Tabcorp).

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Payday lender, Twenty Fifty Club, found guilty in Manukau District Court

3 June 2016

Twenty Fifty Club Ltd and its sole director Gavin John Marsich were today found guilty of 16 charges each in Manukau District Court in relation to a payday loans business in South Auckland.

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Commission files charges against educational software provider

2 June 2016

The Commerce Commission has filed 37 charges against the Auckland Academy of Learning Limited (AAL).  The charges allege that misrepresentations were made by staff who sold AAL’s educational software package, CAMI.  They also allege that AAL breached consumer credit and direct selling laws. 

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Commission lifts ‘stop’ on Brilliance Steel’s steel mesh

1 June 2016

The Commerce Commission has lifted its advice to Brilliance Steel Limited (Brilliance) not to sell ductile steel mesh represented as grade 500E after reaching an interim agreement.

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May 2016

NZME and Fairfax apply for authorisation to merge NZ operations

27 May 2016

The Commerce Commission has received an application from Wilson and Horton Limited (trading as NZME) and Fairfax NZ Limited seeking authorisation to merge their media operations in New Zealand.

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Telco report highlights growth of mobile and video streaming services

26 May 2016

The Commerce Commission has today released its latest annual telecommunications monitoring report analysing the state of New Zealand’s telecommunications markets.

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Commission files proceedings against Vodafone over misleading invoices

25 May 2016

The Commerce Commission has filed court proceedings against Vodafone New Zealand Limited alleging it breached the Fair Trading Act by making false price representations.

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Nangong sentenced after selling fake alpaca duvets to tourist shops

23 May 2016

Duvet and rug business Nangong Limited and its owner, Yun Qiang Hou, were convicted and fined a total of more than $109,000 in Auckland District Court after pleading guilty to 14 charges of making false claims that their duvets contained alpaca wool and were made in New Zealand.

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Napier lender, Cash to You Loans, appears in court

23 May 2016

Lower-tier finance company, Cash to You Loans Limited, has appeared in the Napier District Court on 32 charges brought by the Commerce Commission relating to its lending business.

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Manawatu agency to pay $1.25m penalty in real estate price fixing case

20 May 2016

Unique Realty Limited has been ordered to pay a penalty of $1.25 million following a hearing in the Auckland High Court.

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Supreme Court backs Commission in significant credit law case

12 May 2016

The Supreme Court has dismissed Motor Trade Finance Limited (MTF) and Sportzone Motorcycles Limited’s second and final appeal in the long-running credit fees case brought by the Commerce Commission, providing the definitive ruling on a key piece of credit law.

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Drainage firm director sentenced to home detention for deception over Christchurch earthquake repairs

11 May 2016

Alligator Drainage Limited director Graham Lilley has today been sentenced to 10 months home detention in Christchurch District Court, having pleaded guilty to 21 deception charges under the Crimes Act following a Commerce Commission and Police investigation into drainage repairs conducted on earthquake damaged properties.

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Commission concludes Intagr8 investigation

4 May 2016

The Commerce Commission has concluded its investigation into telecommunications firm Intagr8 Limited regarding allegations it misrepresented the price and nature of its services when making sales in New Zealand.

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Lenders must repay all fees and interest if they don’t comply with disclosure rules

4 May 2016

The Commerce Commission is reminding lenders that failing to disclose key information to borrowers in their consumer credit contracts could result in the repayment of all fees and interest on each loan for the period until disclosure is corrected.

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Imported goats’ milk powder products not “New Zealand made”

3 May 2016

In a case taken by the Commerce Commission, the High Court has found that New Zealand Nutritionals (2004) Limited (NZ Nutritionals) made misleading “New Zealand made” claims about two dietary supplements.

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Commission recoups money for New Zealand trade mark holders

2 May 2016

The Commission has reached an interim agreement with TM Publisher, an overseas company who sent invoices for unsolicited services to New Zealand trade mark holders.

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April 2016

Z Energy cleared to acquire Chevron subject to divestments

29 April 2016

The Commerce Commission has cleared Z Energy Limited’s application to acquire 100% of the shares in Chevron New Zealand, the owner of the Caltex and Challenge brands in New Zealand.

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Commerce Commission seeks submissions on deregulating selected Schedule 1 telecommunications services

29 April 2016

The Commerce Commission today released the preliminary findings of its five yearly review of whether to investigate deregulating selected services in Schedule 1 of the Telecommunications Act 2001 (the Act).

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Update on Commerce Commission steel mesh investigation

29 April 2016

The Commerce Commission continues to make progress in its ongoing enquiries into steel mesh sold in New Zealand.

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Commission lifts ‘stop’ on Euro Corporation’s steel mesh

22 April 2016

The Commerce Commission has lifted its advice to Euro Corporation Limited (Euro Corporation) not to sell ductile steel mesh represented as grade 500E after reaching an interim agreement.

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Commission clears H.B. Fuller to acquire Advanced Adhesives

21 April 2016

The Commerce Commission has given clearance for H.B. Fuller Company Australia Pty Limited (H.B. Fuller) to acquire the business and assets of Advanced Adhesives New Zealand Limited (Advanced Adhesives).

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National chain, Baby City, faces charges over safety of cots

19 April 2016

The Commerce Commission has laid nine charges against baby products store, Baby City Retail Investments Limited (Baby City), relating to failing to comply with the safety standard for household cots (Safety Standard).

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Three mobile traders plead guilty to Commission charges

14 April 2016

Three mobile traders, commonly referred to as truck shops, have pleaded guilty to charges brought by the Commerce Commission relating to their lending practices.

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New Zealand trade mark holders warned about letters requesting payment

14 April 2016

The Commerce Commission is alerting businesses that they are under no obligation to pay an invoice being sent in the post by TM Publisher to New Zealand trade mark holders.

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Commission signs cooperation arrangement with Canadian Competition Bureau

13 April 2016

Commerce Commission Chairman Dr Mark Berry has today signed a mutual cooperation arrangement with Canadian Competition Bureau Commissioner John Pecman to further enhance their collaboration on cross-agency competition matters.

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Commission begins consultation on review of non-price terms for Chorus’ UBA service

7 April 2016

The Commerce Commission has today released a consultation document on the non-price terms of the Unbundled Bitstream Access (UBA) Standard Terms Determination (STD). The paper seeks views on the key issues the Commission intends to address in the review, as well as the proposed process.

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Update on steel mesh investigation

6 April 2016

The Commerce Commission welcomes Steel & Tube’s decision not to sell SE seismic steel mesh until the mesh has been through a dual testing process and the company has test results that demonstrate compliance with the standard.

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Christchurch car finance company to repay customers

6 April 2016

The Commerce Commission has reached a settlement with motor vehicle lender, Dealer Finance Limited (Dealer Finance), to pay back or credit at least $440,000 to customers who were overcharged interest on their loans from 2005.

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Commission will not undertake gas metering inquiry

1 April 2016

The Commerce Commission has decided against initiating an inquiry into whether gas metering services should be regulated at this time.

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March 2016

Commission releases research on business mobile market

31 March 2016

The Commerce Commission has today released independent research aimed at providing greater insight into the factors affecting competition in the high value business segment of the mobile market.

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Warning to Phil & Teds over safety concerns with teddy bears

29 March 2016

Phil and Teds Most Excellent Buggy Company Limited (Phil & Teds) have been issued with a warning by the Commerce Commission after 10 of its teddy bears were tested and did not comply with the prescribed product safety standard for children’s toys.

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Commission clears Spark’s acquisition of 2300MHz spectrum

24 March 2016

The Commerce Commission has given clearance for Spark New Zealand Limited to acquire the management rights to 70MHz of radio spectrum in the 2300MHz band from Craig NZ and Woosh NZ.

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Surcharges must be clearly disclosed to avoid misleading customers

23 March 2016

As Easter approaches, the Commerce Commission is reminding businesses that if they choose to charge additional surcharges, these must be clearly disclosed and the reasons for the surcharge accurately described to avoid breaching the Fair Trading Act.

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Jetstar gives enforceable undertakings to end opt out pricing

17 March 2016

Jetstar has given court enforceable undertakings to the Commerce Commission ending its preselection of ‘opt out’ services when selling airline tickets to New Zealand customers online.

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Insufficient disclosure results in over $100,000 in refunds

17 March 2016

Payday lender, Cash in a Flash, has refunded customers or reduced customer account balances by a total of $122,365 after the Commerce Commission warned it was likely to have breached consumer credit laws.

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Zodiac car dealership in court for falsely claiming to be AA appraised

8 March 2016

South Auckland motor vehicle dealer, Zodiac Motor Company Limited (Zodiac), and its owner Nezam Anwer appeared in Manukau District Court today on charges for false representations about its AA Appraised Used Vehicle Dealer membership.

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New animations campaign aims to empower borrowers

7 March 2016

The Commerce Commission has today launched an original animated series to raise awareness of consumer rights. 

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Commerce Commission investigating whether steel mesh complies with standard

4 March 2016

Brilliance Steel Ltd (Brilliance) and Euro Corporation Limited (Euro Corporation) have agreed to stop selling some steel mesh products while the Commerce Commission further investigates concerns that they may not comply with the Australia/New Zealand standard (AS/NZ 4671:2001).

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Statement of preliminary issues for H. B. Fuller’s acquisition of Advanced Adhesives

2 March 2016

The Commerce Commission has published a statement of preliminary issues relating to an application from H. B. Fuller Company Australia Pty Limited to acquire the business and assets of Advanced Adhesives (New Zealand) Limited.

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First mobile trader sentenced following Commission’s mobile trader report

1 March 2016

Mobile trader Flexi Buy Limited has been fined $50,000 in the Auckland District Court. A further $3,480 was awarded in damages to affected customers.

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Commission releases final report on dairy sector competition in NZ

1 March 2016

The Commerce Commission has today released its final report on the state of competition in New Zealand’s dairy industry.

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Commerce Commission declines Tennex Capital’s acquisition of San-i-pak

1 March 2016

The Commerce Commission has declined an application from Tennex Capital Limited, owners of International Waste (IWL), to acquire the medical and quarantine waste business of San-i-pak Limited (San-i-pak).

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February 2016

Statement of preliminary issues for Fletcher Building’s acquisition of Higgins

29 February 2016

The Commerce Commission has published a statement of preliminary issues relating to an application from Fletcher Building Holdings New Zealand Limited seeking clearance to acquire Higgins Group Holdings Limited, including 50% of shares in the Horokiwi Quarries Limited.

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Commission releases final amendments to airport land valuation rules

24 February 2016

The Commerce Commission has released its final decision on the application of the airport land valuation rules as part of the input methodologies review.

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Commission clears Coty’s acquisition of P&G fragrance and cosmetics brands

23 February 2016

The Commerce Commission has given clearance for Coty Inc. (Coty) to acquire a significant part of the global hair care, colouring and styling, colour cosmetics and fragrance businesses of The Procter and Gamble Company (P&G).

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Fletcher Building seeks clearance to acquire Higgins Group

18 February 2016

The Commerce Commission has received an application from Fletcher Building Holdings New Zealand Limited seeking clearance to acquire Higgins Group Holdings Limited, including 50% of shares in the Horokiwi Quarries Limited.

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H B Fuller applies for clearance to acquire Advanced Adhesives

18 February 2016

H. B. Fuller Company Australia Pty Limited has applied to the Commerce Commission for clearance to acquire the business and assets of Advanced Adhesives (New Zealand) Limited.

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Westpac to compensate customers $4m over debit card fees

16 February 2016

Westpac New Zealand has reached a settlement agreement with the Commerce Commission and Financial Markets Authority (FMA) to repay over $4 million dollars to over 100,000 past and present customers who were overcharged debit card fees when withdrawing money from Westpac ATMs in Australia.

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Charges laid over alpaca and cashmere claims

16 February 2016

Two businesses and four associated individuals face charges for making false or misleading claims about the origin and composition of their cashmere and alpaca products.

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Statement of preliminary issues for Spark’s acquisition of 2300MHz spectrum

12 February 2016

The Commerce Commission has published a statement of preliminary issues relating to an application from Spark New Zealand Limited to acquire the management rights to 70MHz of 2300MHz radio spectrum from Craig NZ and Woosh NZ.

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Commission releases report on unfair contract terms in the telco sector

10 February 2016

The Commerce Commission has today released a report detailing the findings of its review of standard form consumer contracts in the telecommunications sector.

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Commission clears Rheem to acquire Peter Cocks

3 February 2016

The Commerce Commission has given clearance for Rheem New Zealand Limited to acquire the business and assets of Peter Cocks (2010) Limited.

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January 2016

DSE (NZ) Limited (Dick Smith) receivership and voluntary administration

8 January 2016

What you need to know if you are affected by the current Dick Smith situation.

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