May 2017
Average gas bills to drop under final revenue reset
31 May 2017
The Commerce Commission has released its final decisions on the default price-quality paths (DPP) for gas pipeline services. These paths set the revenues and minimum quality standards that the four gas distributors and one gas transmission business must comply with for the five-year regulatory period beginning 1 October 2017.
Relates to: Gas Pipelines
Cash to You Loans banned from lending
24 May 2017
Napier loan company Cash to You Loans Limited has been banned indefinitely from operating as a lender, after charging borrowers unreasonable fees and excess interest and failing to correctly disclose fees charged.
Relates to: Consumer Credit
Commission’s alpaca case brings total fines to $1.5 million
23 May 2017
A company and two individuals have been fined a total of nearly $194,000 for claiming that duvets were "pure alpaca wool" or "100% cashmere", when they contained little or no such fibres.
Relates to: Fair Trading
“Made in New Zealand” bee pollen was Chinese
19 May 2017
A health supplement company and its owner have been fined a total of $526,500 for breaching the Fair Trading Act by claiming bee pollen was New Zealand-made, when in fact it was produced and processed in China.
Relates to: Fair Trading
Consumers of broadband and mobile services get better value for money
18 May 2017
New Zealand consumers are receiving increased value for money across a range of telecommunications services, the Commerce Commission’s latest annual telecommunications monitoring report has found.
Relates to: Telecommunications
Retailers put on alert about using misleading pricing
11 May 2017
The Commerce Commission is today publishing an open letter to retailers, highlighting pricing practices which might breach the law, and offering guidance on how to avoid them.
Relates to: Fair Trading
Commission declines NZME/Fairfax merger
3 May 2017
The Commerce Commission has today released its final decision declining authorisation for NZME and Fairfax to merge their media operations in New Zealand.
Relates to: Business Competition
