Category: Commerce Commission

Source: Commerce Commission – Press Release/Statement:

Headline: Proceedings filed against Wilson Parking over acquisition of Wellington car park

The Commerce Commission has filed proceedings in the High Court at Wellington alleging Wilson Parking substantially lessened competition for the supply of car parking in the Boulcott Street area in central Wellington when it acquired the rights to operate the Capital car park. 

– –

Source: Commerce Commission – Press Release/Statement:

Headline: Statement of Preliminary Issues released for Goodman Fielder/Lion yoghurt merger

The Commerce Commission has published a Statement of Preliminary Issues relating to an application from Goodman Fielder New Zealand Limited (Goodman Fielder) for clearance to acquire assets related to the manufacture and distribution of ‘Yoplait’ branded yoghurt in New Zealand from Lion – Dairy & Drinks (NZ) Limited (Lion).

– –

Source: Commerce Commission – Press Release/Statement:

Headline: Commission charges water filter company over its water softening claims

HRV Clean Water Limited (HRV) has pleaded guilty to 11 charges laid by the Commission for the unsubstantiated (unproven) or misleading claims HRV made about the benefits of its water filters and about the quality of New Zealand’s domestic water supply.

– –

Source: Commerce Commission – Press Release/Statement:

Headline: Commission concerned Fonterra’s risk estimate is too low when calculating milk price

The Commerce Commission has released an emerging view that Fonterra’s estimate of risk in calculating the cost of financing milk processing operations is too low. The impact of this is that Fonterra calculates a higher milk price than would be the case if it used a more feasible allowance for risk in the cost of finance, consistent with other processors.

– –

Source: Commerce Commission – Press Release/Statement:

Headline: Christchurch vehicle financier warned over concerns about agent’s lending conduct

The Commission has issued a warning to Dealer Finance Limited (DFL), a Christchurch-based motor vehicle finance lender, after an investigation into its compliance with obligations under the lender responsibility principles under the Credit Contracts and Consumer Finance Act 2003 (CCCF Act).

– –

Source: Commerce Commission – Press Release/Statement:

Headline: Biggest truck shop fine so far, total fines reach nearly $1.6 million

In the biggest fine so far handed down against a mobile trader, Mobile Shop Limited (Mobile Shop) has been fined $330,000 for breaches of consumer laws. The sentence brings the total fines handed down in 13 Commerce Commission prosecutions of mobile traders to $1.56 million.

– –