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Commerce Commission

Auckland Airport faces legal challenge to Queenstown deal

Auckland Airport faces legal challenge to Queenstown deal
Wellington, Aug 20 NZPA - Auckland International Airport Ltd said it has been served notice today of High Court proceedings in relation to its recent purchase of a stake in Queenstown Airport.

Telecom links to be no longer regulated

Telecom links to be no longer regulated
Wellington, Aug 6 NZPA - Two further Telecom backhaul links, connecting rivals to the telco's local loop, will no longer be regulated since they are subject to competition, the Commerce Commission says.

ANZ to rebrand ING business OnePath

ANZ to rebrand ING business OnePath
Wellington, Aug 5 NZPA - ANZ is rebranding its ING life insurance and fund management business to OnePath after buying out ING Group.

Telcos urged to pre-empt mobile regulation

Telcos urged to pre-empt mobile regulation
Wellington, Aug 4 NZPA - The Telecommunications Users Associations (Tuanz) is calling on Vodafone and Telecom to pre-empt regulation by immediately lifting surcharges on cross-network calls and texts.

Government decides against payment to stock agent

Government decides against payment to stock agent
Wellington, July 28 NZPA - A Northland stock and station agent who argued his business was affected by the merger of Wrightson Ltd and Dalgety Ltd 24 years ago is not getting any compensation from the Government.

Budget Loans pinged for charging fee with welcome letter

Budget Loans pinged for charging fee with welcome letter
Wellington, July 26 NZPA - Budget Loans Ltd has been pinged for misrepresenting its rights and charging fees to debtors in a loan book it purchased.

NZ sharemarket lifts for sixth consecutive trading day

NZ sharemarket lifts for sixth consecutive trading day
Wellington, July 9 NZPA - The New Zealand sharemarket extended its run of gains to a sixth consecutive trading day, though there was little corporate news to trade on until SkyTV revealed plans to buy the outside broadcast business it currently uses.

Wholesale loyalty offer settlement costs Telecom $1.6m

Wholesale loyalty offer settlement costs Telecom $1.6m
Wellington, July 9 NZPA - Vodafone and Orcon are to equally share $1.6 million of compensation from Telecom, under a Commerce Commission ruling on loyalty offers made by Telecom Wholesale.

Capital lobby opposes Air NZ-Virgin alliance

Capital lobby opposes Air NZ-Virgin alliance
Wellington, July 2 NZPA - The Wellington Employers' Chamber of Commerce is asking Transport Minister Steven Joyce to reject the application by Air New Zealand Ltd and Virgin Blue Group to merge their trans-Tasman services.

New ComCom appointment

New ComCom appointment
Wellington, July 1 NZPA - Dr Stephen Gale has been appointed an associate member of the Commerce Commission. Commerce Minister Simon Power said Dr Gale's expertise in energy economics and competition policy would be valuable to the commission.

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