June 2017
Update on Vero’s application to acquire Tower
30 June 2017
The Commerce Commission has agreed to extend the date for its final decision on Vero Insurance’s application seeking clearance to purchase 100% of the shares in Tower.
Relates to: Business Competition
HealthCare NZ seeks clearance to acquire Geneva Healthcare Group
30 June 2017
The Commerce Commission has received a clearance application from Healthcare of New Zealand Holdings Limited (HealthCare NZ) to acquire 100% of the shares in Geneva Healthcare Limited and its related companies: Geneva Clean Limited, My Skill Limited, Geneva Health Technology Limited and Geneva Care Limited (Geneva Healthcare Group).
Relates to: Business Competition
Commission issues credit fee guidelines
30 June 2017
The Commerce Commission has today released its Consumer Credit Fees Guidelines, to provide guidance for lenders in setting credit fees.
Relates to: Consumer Credit
Tronox seeks clearance to acquire the titanium dioxide pigment business of Cristal
27 June 2017
The Commerce Commission has received a clearance application from Tronox Limited (Tronox) to acquire the titanium dioxide (TiO2) pigment business of National Titanium Dioxide Company Ltd (Cristal).
Relates to: Business Competition
Finance company fined $22,000 and returns $10,000 to borrowers
23 June 2017
Christchurch-based finance company Acute Finance Limited (Acute) has been fined $22,000 and says it has taken steps to return $10,000 to borrowers, after pleading guilty to four charges under the Credit Contracts and Consumer Finance Act (CCCF Act).
Relates to: Consumer Credit
Next steps outlined for the Commission’s decision on Powerco’s application for $1.32 billion in lines network investment
22 June 2017
The Commerce Commission has today released a process paper detailing the next steps for assessing lines company Powerco’s application proposing price increases to meet the cost of its planned $1.32 billion investment in its electricity lines network.
Relates to: Telecommunications
Wholesale broadband price drop passed through to consumers
21 June 2017
The Commerce Commission has today released a study showing that 90% of the recent reductions in Chorus’ regulated wholesale broadband prices have flowed through to consumers.
Relates to: Telecommunications
Aunty and Herman return to raise awareness of consumer rights
19 June 2017
New Zealand’s sharpest legal advisor Aunty and her nephew Herman Faleafa have returned to raise awareness of consumer rights in the Commerce Commission’s animated series It’s All Good.
Relates to: Fair Trading, Consumer Credit
Performance summaries released for electricity lines companies
9 June 2017
The Commerce Commission has published one-page summaries of key performance measures for each of New Zealand’s 29 electricity lines companies.
Relates to: Electricity
Pre-school to pay $265,500 for misleading parents about ECE funding
8 June 2017
Kowhai Montessori Pre-School Limited (Kowhai) was today ordered to pay a total of $265,500 after pleading guilty to charges that it misled parents about the amount of funding it was receiving under the Government’s early childhood education (ECE) scheme.
Relates to: Fair Trading
Update on steel mesh investigations
7 June 2017
As part of the Commerce Commission’s investigation into steel mesh, 29 charges have been filed against Steel and Tube for making false and misleading representations about their steel mesh product known as SE62.
Relates to: Fair Trading
