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Commerce Commission

Hoyts cleared to buy Berkeley Cinemas

Hoyts cleared to buy Berkeley Cinemas
Wellington, April 21 NZPA - Hoyts Corp Holdings (NZ) Ltd has received a green light from New Zealand's competition watchdog to buy Berkeley cinemas in Auckland. The Commerce Commission has cleared Hoyts to acquire the Berkeley film exhibition business from Everard Entertainment Ltd.

Text competition co fined $125,000 for fair trading breach

Text competition co fined $125,000 for fair trading breach
Wellington, April 21 NZPA - An overseas-based company was fined $125,000 for failing to disclose all the terms and conditions relating to a series of text to win trivia competitions, the Commerce Commission says.

Court decision seen limiting regulator

Wellington, April 20 NZPA - A Supreme Court decision on Commerce Commission action against an Australian businessman is seen as limiting the ability of the commission to bring proceedings against foreign people and corporations in some instances.

Regulator rules on VDSL technology

Regulator rules on VDSL technology
Wellington, April 16 NZPA - Telecom has approval to provide new wholesale broadband services using VDSL technology, which allows faster data transmission over copper wires, on a commercial basis.

NZ Supreme Court allows appeal from Australian man

NZ Supreme Court allows appeal from Australian man
Wellington, April 16 NZPA - The Supreme Court of New Zealand has knocked back a Commerce Commission action against an Australian businessman involved in a wood treatment chemicals cartel case.

Telecom's first regulatory financial statements raise issues

Telecom's first regulatory financial statements raise issues
Wellington, April 15 NZPA - The Commerce Commission has issues about the methodologies used by Telecom in the preparation of the company's first regulatory financial statements.

Recommendation on Transpower regulation

Recommendation on Transpower regulation
Wellington, April 14 NZPA - The Commerce Commission is recommending Transpower be subject to a form of regulation it believes would allow more flexibility than the alternative, in dealing with the national grid owner's capital spending programme.

International models to be considered in welfare review

International models to be considered in welfare review
Wellington, April 14 NZPA - The government-appointed Welfare Working Group will consider unemployment insurance, similar to that in Canada, among options for reforming the social security system, says the group's chairwoman Paula Rebstock.

Tomarata Sand seeks commission clearance for acquisition

Tomarata Sand seeks commission clearance for acquisition
Wellington, April 13 NZPA - Northland sand supply company Tomarata Sand has applied for Commerce Commission clearance to acquire Coastal Resources.

Terms of reference for Dickson petition released

Terms of reference for Dickson petition released
Wellington, April 13 NZPA - Terms of reference were released today for an independent report into whether a Northland stock and station agent should be paid compensation for a Commerce Commission decision made 24 years ago.

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