Media releases

May 2018

Lender website review highlights issues consumers face when borrowing money

31 May 2018

The Commerce Commission has today released the findings of its review of 215 selected lenders’ websites for compliance with disclosure rules.

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MYOB formally withdraws merger application for Reckon

31 May 2018

MYOB Group Limited has today formally withdrawn its application to acquire the Accountants Group business of Reckon Limited (Reckon).

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Wanted: 3,000 volunteers to help arm kiwis with better broadband information

30 May 2018

The Commerce Commission is seeking 3,000 households to be part of a nationwide programme to monitor and improve New Zealand’s broadband performance. 

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Apple warned for misleading consumers about their rights

30 May 2018

The Commission has warned Apple Sales New Zealand (Apple) after it likely misled consumers about their Consumer Guarantees Act (CGA) rights and about its replacement products being new.

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Budget Loans fined $720,000 for “cynical and deliberate” repossession tactics

30 May 2018

Finance companies Budget Loans Limited and Evolution Finance Limited (together Budget Loans) have been fined $720,000 in the Auckland District Court, on 125 charges under the Fair Trading Act.

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NZSALE pleads guilty to charges for its children’s nightwear labelling

28 May 2018

Online retailer NZ Sale Limited has pleaded guilty to four charges laid by the Commerce Commission for failing to comply with the product safety standard for children’s nightwear.

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Authorisation application received from Infant Nutrition Council

25 May 2018

The Commerce Commission has received an application from the Infant Nutrition Council Limited (INC) seeking authorisation for an arrangement allowing the INC to restrict its members from marketing formula products for children aged up to 12 months.

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$52,500 fine for selling non-protective safety jacket

15 May 2018

A protective clothing company has been fined $52,500 for selling a safety jacket that did not have the claimed protection against electrical burns.

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Reminder to businesses about ‘Made in New Zealand’ claims

14 May 2018

The Commerce Commission is reminding all businesses that any ‘Made in New Zealand’ claims they make about their products must be accurate, able to be substantiated and must not mislead consumers about the country of origin.

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Additional scrutiny ahead of Transpower's price-quality path application

11 May 2018

An independent verifier has been appointed to scrutinise key components of Transpower’s proposal for its price-quality path for the 5 years from 2020 ahead of it being submitted to the Commerce Commission for approval. 

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Open letter to better understand emerging technologies in monopoly parts of electricity sector

9 May 2018

The Commerce Commission has written an open letter outlining its intention to gather information from regulated electricity distributors to better understand how they are planning, investing and accounting for emerging technologies.

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New videos and quick guides to help businesses avoid unfair contract terms

9 May 2018

The Commerce Commission has launched a new series of videos and quick guides targeted at businesses to help them avoid unfair contract terms in their standard form consumer contracts.

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