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Media releases

December 1994

Diary note for Chief Reporter/News Editor Weddel conference January 16-20, 1995

16 December 1994

The conference of interested parties to the meat companies' consortium application for authorisation of the proposal to buy and then close the Weddel meat processing plants will be open to the media.

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Mercury Energy cleared to buy Power NZ

12 December 1994

The Commerce Commission today cleared Mercury Energy Limited to buy up to 100 percent of the shares of Power New Zealand Limited.

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27 submissions on Weddel bid

5 December 1994

Including submissions delivered today, the Commerce Commission has received 27 submissions in response to its draft determination on the proposal by a consortium of meat companies to buy the Weddel meat processing plants and then close them.

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13 submissions on Weddel bid

2 December 1994

By 3pm today the Commerce Commission had received 13 submissions in response to its draft determination on the proposal by a consortium of meat companies to buy the Weddel meat processing plants and then close them.

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November 1994

Mercury/Power New Zealand deadline extended

28 November 1994

The Commerce Commission and Mercury Energy Limited have agreed to extend the deadline for a decision on Mercury's application for clearance to buy up to 100 percent of Power New Zealand Limited shares.

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Poor knowledge of toy safety standard concerns Commission

26 November 1994

The Commerce Commission is concerned about many businesses' poor knowledge of the toy safety standard.

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Power NZ cleared to buy Energy Direct

25 November 1994

Summary appears on the In Consultation pages

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Commission warns about "free" travel offers

24 November 1994

The Commerce Commission today warned people that promotions offering free airfares to Hawaii may have expensive strings attached.

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Colluding against a competitor costs real estate agents $62,800

24 November 1994

Working together against a competitor has cost a group of Blenheim and Picton real estate agents $62,800.

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Proposal to close Weddel plants concerns Commission

18 November 1994

The Commerce Commission today released a draft determination saying the proposal by a consortium of meat companies to buy and then close the Weddel meat processing plants would be likely to substantially lessen competition and that this anti-competitive effect would not be outweighed by public benefits.

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Power New Zealand seeks clearance for Energy Direct bid

11 November 1994

Power New Zealand Limited has applied to the Commerce Commission for clearance of its bid to buy up to 100 percent of Energy Direct Corporation Limited shares.

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Commission accepts amendment to bid for Weddel plants

11 November 1994

The Commerce Commission has today accepted an amendment to the application by a consortium of 15 meat companies for approval to buy the Weddel meat processing plants.

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Joint venture cleared to buy 49 percent of Capital Power

4 November 1994

The Commerce Commission today cleared a joint venture of three companies, Newco Limited, to buy 49 percent of the shares of Capital Power Limited currently on offer.

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16 submissions on Weddel bid

3 November 1994

The Commerce Commission has received 16 submissions on the bid by a consortium of meat companies to buy the Weddel meat processing plants.

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Enerco withdraws application for authorisation

1 November 1994

Gas company Enerco has withdrawn its application for authorisation of its bid to buy 49 percent of Wellington electricity company Capital Power.

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Mercury seeks clearance for Power New Zealand bid

1 November 1994

Mercury Energy has applied to the Commerce Commission for clearance of its bid to buy up to 100 percent of Power New Zealand shares.

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October 1994

Commission releases guidelines for assessing economic benefits and detriments

15 October 1994

The Commerce Commission has released guidelines explaining how it will analyse public benefits and detriments when considering matters under the Commerce Act.

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Enerco's bid for 49% of Capital Power concerns Commission

14 October 1994

The preliminary view of the Commerce Commission is that significant public benefits would need to be shown before it could authorise Enerco New Zealand Ltd buying 49% of Capital Power.

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Benchmark fined for false claims about timber

14 October 1994

Benchmark Building Supplies Ltd and one of its managers today admitted deliberately falsifying timber grades and charging customers for more timber than was supplied.

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Meat companies apply for Weddel scheme authorisation

12 October 1994

A consortium of 15 meat companies has applied to the Commerce Commission for authorisation of arrangements relating to their bid to buy Weddel's meat processing plants.

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Commission says Coast Line would likely have breached Commerce Act

7 October 1994

The Commerce Commission has concluded that the company proposed by international shipping interests to co-ordinate coastal movement of cargo, Coast Line, would have been likely to breach the Commerce Act.

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Commission continues action against travel companies

7 October 1994

Commerce Commission action against Auckland companies Tasman Charter Flights Ltd and Air Australia Worldwide Marketing Ltd continued in the Auckland High Court today.

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Debt collecting conviction a warning to whole industry

6 October 1994

The conviction of East Coast Credit Control Ltd and its sales manager Alan Murray is a warning to the whole debt collecting industry, Commerce Commission Chairman Alan Bollard said today.

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Commission gains injunctions against travel companies

3 October 1994

The Commerce Commission today gained temporary injunctions stopping two Auckland companies, Tasman Charter Flights Ltd and Air Australia Worldwide Marketing Ltd, trading as they have been.

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Trying to keep prices higher costs Sealy $30,000 penalty

3 October 1994

Bed manufacturer Sealy New Zealand Limited had a $30,000 penalty imposed on it for trying to stop a Christchurch store discounting its beds.

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September 1994

Clearance Given to EnergyDirect to Acquire 49% of Capital Power

30 September 1994

The Commerce Commission has cleared Lower Hutt based electricity and gas utility, EnergyDirect Corporation, to buy 49% of the Wellington electricity utility Capital Power Ltd.

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CLARIFICATION - Commission concerned that consortium has not yet asked for approval

23 September 1994

Paragraph 5 of the media release made this afternoon:

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Commission concerned that consortium has not yet asked for approval

23 September 1994

The Commerce Commission is becoming concerned that it has not yet been asked to authorise a consortium bid for Weddel Crown's meat processing plants.

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Commission seeks comment on Enerco bid for Capital Power

22 September 1994

What would happen to competition if Wellington's gas supplier also owned 49 percent of its electricity company?

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Japan interested in New Zealand's economic deregulation

2 September 1994

Commerce Commission Chairman Alan Bollard has been invited to Japan to speak to business people and government officials about New Zealand's experience in economic deregulation.

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