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April 2014

Commission revises draft Telecommunications Development Levy paper

24 April 2014

The Commerce Commission today released a revised draft determination for the amount 22 telecommunications providers will pay towards the $50 million Telecommunications Development Levy (TDL) for 2012/13.

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Commission urges businesses to know, and follow, the law over Easter

17 April 2014

Easter Saturday and Sunday are not public holidays, casual staff may not be covered under the Holidays Act and businesses must not mislead customers when applying a surcharge.

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BlueScope Steel cleared to buy steel production assets of Pacific Steel

16 April 2014

The Commerce Commission has granted clearance to BlueScope Steel (NZ) Limited to acquire Pacific Steel Group’s rolling mill and wire mill manufacturing operations in Auckland and its New Zealand long steel distribution, marketing and sales operations from Fletcher Steel Limited.

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Statement of preliminary issues for Atlas Copco’s application to acquire Ash Air

16 April 2014

The Commerce Commission has published a statement of preliminary issues relating to an application from Atlas Copco South Pacific Holdings Pty Limited (Atlas Copco) seeking clearance to acquire some of the assets of Lancaster Group Limited including Ash Air (N.Z) Limited, Ash Air Oil & Gas Limited, MBAR 2011 Limited, and Fox Air NZ Limited (together, Ash Air).

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Commission welcomes High Court judgement over UBA challenge

8 April 2014

The Commerce Commission welcomes today’s High Court judgment in relation to Chorus’ appeal against the Commission’s November 2013 decision setting cost-based prices for the unbundled bitstream access (UBA) service.

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Commission completes long running trans-Tasman cartel case

8 April 2014

The Commerce Commission has completed its long running case involving the cardboard packaging cartel between Visy Board Pty Ltd (Visy) and Amcor Ltd with the final defendant, Mr James Hodgson, being ordered to pay a penalty of $60,000 and costs of $38,352 for his involvement.

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Air freight cartel nets almost $12 million in penalties

8 April 2014

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million and sends a strong message to the business community that cartel behaviour is unacceptable.

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Commerce Commission confirms forex investigation

7 April 2014

The Commerce Commission has confirmed that it has an investigation into possible manipulation of currency rates and possible influencing of benchmarks in foreign exchange (forex) markets.

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Atlas Copco seeks clearance to acquire Ash Air

2 April 2014

The Commerce Commission has received an application from Atlas Copco South Pacific Holdings Pty Limited (Atlas Copco) seeking clearance to acquire some of the assets of Lancaster Group Limited including Ash Air (N.Z) Limited, Ash Air Oil & Gas Limited, MBAR 2011 Limited, and Fox Air NZ Limited (together, Ash Air).

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Interest rate swaps case – further information being assessed

2 April 2014

The Commerce Commission has announced that it is currently assessing new information received concerning the banks involved in the interest rate swaps investigation.

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Commerce Commission and FMA sign MOU

1 April 2014

The Commerce Commission has signed a Memorandum of Understanding (MOU) with the Financial Markets Authority (FMA) in advance of the commencement of key parts of the Financial Markets Conduct Act 2013.

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Vehicle finance company and director fined for ‘vehicle-go-round’

1 April 2014

Mt Maunganui finance company MAC Warranties Ltd (MAC) has today been fined $42,250 in the Auckland District Court for 17 breaches of the Fair Trading Act (FTA). MAC’s director and shareholder Alan Spiers has been fined $22,750 for a further 11 breaches.

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March 2014

Commission to begin further work on WACC input methodologies

31 March 2014

Following recent stakeholder consultation, the Commerce Commission has decided to issue a notice of intention to do further work on the input methodologies relating to the percentile estimate of the weighted average cost of capital (WACC).

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Commission confirms UCLL and UBA decision by December

28 March 2014

The Commerce Commission has today confirmed that it will conduct the final pricing principle (FPP) for both the unbundled bitstream access (UBA) and unbundled copper local loop (UCLL) services by 1 December 2014.

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Commission releases draft decision on Transpower’s line upgrade

27 March 2014

The Commerce Commission has today released its draft decision to approve Transpower’s proposed line upgrade between its Bunnythorpe substation near Palmerston North and Haywards substation in the Hutt Valley.

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Carter Holt Harvey fined for “classic” price fixing breaches

26 March 2014

Commerce Commission General Manager Competition, Kate Morrison says the High Court’s decision to fine Carter Holt Harvey $1.85 million for price fixing in the Auckland commercial timber market highlights the potential impact of price fixing on consumers.

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Commission consults on cost of capital for telecommunications price reviews

7 March 2014

The Commerce Commission is seeking submissions on its proposed approach to setting the rate of return on capital for the unbundled copper local loop (UCLL) network and the unbundled bitstream access (UBA) service.

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New Zealand mobile phone plans rate well across OECD countries

6 March 2014

The Commission has today released a report comparing prices for mobile services in New Zealand over the last year with prices in other OECD countries.

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February 2014

New information disclosure requirements for Transpower

28 February 2014

The Commerce Commission has today issued information disclosure requirements for Transpower, the owner and operator of the national electricity transmission grid.

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Bluescope Steel seeks clearance to acquire certain assets of Pacific Steel Group

24 February 2014

The Commerce Commission has received an application from Bluescope Steel (NZ) Ltd (Bluescope) seeking clearance to acquire some of the assets of Pacific Steel Group’s (PSG) steel production business.

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USG Corporation and Boral Limited granted clearance to form a joint venture

21 February 2014

The Commission has granted clearance to USG Corporation (USG) and Boral Limited (Boral) to enter into a joint venture.

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Commission issues penny-auction website warning - 'DealSave'

21 February 2014

The Commerce Commission is warning consumers to be aware of the penny-auction website ‘DealSave’ (www.mydealsave.com), as it has concerns about the site which runs auctions for electronic items such as cameras, tablets, phones and televisions.

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Commission seeks views on cost of capital input methodologies

20 February 2014

The Commerce Commission is now inviting views on whether it should consider reviewing or amending the input methodologies for the cost of capital that apply to electricity lines services, gas pipeline services and specified airport services regulated under Part 4 of the Commerce Act 1986.

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Commission confirms formal investigation into allegations

20 February 2014

The Commerce Commission has confirmed it is formally investigating the allegations of anti-competitive behaviour towards suppliers by Countdown.

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Commission advises confidentiality available

14 February 2014

The Commerce Commission confirmed yesterday that it is assessing alleged anti-competitive behaviour by Countdown towards their suppliers.

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Commission issues final report on Christchurch International Airport

13 February 2014

The Commerce Commission has released its final report to the Ministers of Commerce and Transport on the effectiveness of the information disclosure regulation in relation to Christchurch International Airport. This report completes the review of each of the three airports regulated under Part 4 of the Commerce Act, required by section 56G of the Act.

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Commission issues warning over ‘no discounting’ clause

13 February 2014

The Commerce Commission has warned all New Zealand District Health Boards (DHBs) and pharmacies nationwide that “no discounting” clauses in the 2012 Community Pharmacy Services Agreement (CPSA) are likely to have breached s 27 of the Commerce Act 1986.

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Commerce Commission assessing allegations against Countdown

13 February 2014

The Commerce Commission has confirmed that it has received a written complaint outlining concerns of alleged anti-competitive behaviour by Countdown towards their suppliers.

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Commerce Commission releases UBA process and issues paper

7 February 2014

The Commerce Commission has today released a paper which outlines the proposed process for pricing Chorus’ wholesale broadband – the unbundled bitstream access (UBA) service - according to the ‘Final Pricing Principle’ in the Telecommunications Act.  

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January 2014

Statement of preliminary issues for IAG’s application to acquire 100% of the shares in Lumley

30 January 2014

The Commerce Commission has published a statement of preliminary issues relating to an application from IAG (NZ) Holdings Limited (IAG) to acquire 100% of the shares in Lumley General Insurance (N.Z.) Limited (Lumley).

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Bauer given clearance to acquire magazine titles

24 January 2014

The Commerce Commission has cleared Bauer Media Group (NZ) LP (Bauer) to acquire all of the assets used by APN Specialist Publications NZ Limited (APNSP) in the publication of the New Zealand editions of the following magazines: New Zealand Woman’s Weekly; Simply You; Simply You Living; New Zealand Listener; and Crème.

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Finance company fined for its part in toxic water claims investigation

24 January 2014

Auckland based finance company Tiny Terms Limited has been fined $77,200 in the Auckland District Court today for its part in the door to door sale of water filters by Love Springs Limited.

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Commission settles with Vodafone over ‘Broadband Lite’ promotion

16 January 2014

Vodafone NZ Limited has paid out $268,231 to customers in a settlement reached with the Commerce Commission concerning the company’s promotion of the “Broadband Lite” service.

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