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Commerce Commission

Power/petrol to rise with ETS out today

Power/petrol to rise with ETS out today
Wellington, July 1 NZPA - As the emissions trading scheme (ETS) kicks in today the price of power and petrol will start to rise.

Contact Energy says it is not using ETS as a cover

Contact Energy says it is not using ETS as a cover
Wellington, June 30 NZPA - Contact Energy Ltd is rejecting suggestions it is using the emissions trading scheme (ETS) as a cover for increasing prices.

Commerce Commission clears sand company acquisition

Commerce Commission clears sand company acquisition
Wellington, June 25 NZPA - The Commerce Commission has cleared Tomarata Sand Ltd to acquire Coastal Resources Ltd relating to sand mining operations at Tomarata in Northland.

Commission clears acquisition of Electropar

Commission clears acquisition of Electropar
Wellington, June 24 NZPA - The Commerce Commission has granted clearance for Preformed Line Products Co (PLP) to acquire Electropar Ltd.

Regulator starts bitstream competition review

Regulator starts bitstream competition review
Wellington, June 23 NZPA - The Commerce Commission has started a review of the level of competition in the unbundled bitstream access service (UBA), which allows operators to supply a range of broadband services.

Record $45m settlement over ING funds

Record $45m settlement over ING funds
Wellington, June 23 NZPA - A $45 million payout by ING (NZ) Ltd and ANZ National Bank in a settlement with the Commerce Commission is expected to still leave investors out of pocket.

Record $45m settlement over ING funds

Record $45m settlement over ING funds
Wellington, June 22 NZPA - The Commerce Commission has reached a record settlement of $45 million for thousands of investors in two failed funds marketed by ING (NZ) Ltd and ANZ National Bank Ltd, deciding against taking a risky and potentially lengthy court case.

Another step for electricity distribution regulation

Another step for electricity distribution regulation
Wellington, June 18 NZPA - The Commerce Commission has taken another step in meeting its responsibilities for regulating electricity distribution businesses under amendments to legislation made in 2008.

NZ sharemarket little changed to cap off quiet week

NZ sharemarket little changed to cap off quiet week
Wellington, June 18 NZPA - The New Zealand sharemarket ended a lacklustre week on a quiet note, and brokers struggled to see anything on the horizon to jolt the market to life. Current account and gross domestic product data next week may provide some impetus.

Another step for electricity distribution regulation

Another step for electricity distribution regulation
Wellington, June 18 NZPA - The Commerce Commission has taken another step in meeting its responsibilities for regulating electricity distribution businesses under amendments to legislation made in 2008.

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