Commerce Commission
Kiwibank fined $1.5m in Commerce Commission Fair Trading Act case after 'a raft of systems failures'
[updated]
Kiwibank fined $1.5m after self-reporting overcharging 35k customers $6.8m. Commerce Commission tells banks to make 'necessary investment' in their systems
27th Nov 24, 3:51pm
4
Kiwibank fined $1.5m after self-reporting overcharging 35k customers $6.8m. Commerce Commission tells banks to make 'necessary investment' in their systems
The Commerce and Consumer Affairs Minister says there needs to be progress in NZ’s payments sector in the next year or he’s going to be asking the industry what the hell they’ve been doing
20th Nov 24, 1:00pm
7
The Commerce and Consumer Affairs Minister says there needs to be progress in NZ’s payments sector in the next year or he’s going to be asking the industry what the hell they’ve been doing
[updated]
Commerce Commission says higher electricity bills needed to help fund maintenance and upgrade of electricity network
20th Nov 24, 10:22am
49
Commerce Commission says higher electricity bills needed to help fund maintenance and upgrade of electricity network
[updated]
A better payments system is staring New Zealand in the face and it’s time for the country to ‘leapfrog’ into it, according to the RBNZ
19th Nov 24, 2:52pm
1
A better payments system is staring New Zealand in the face and it’s time for the country to ‘leapfrog’ into it, according to the RBNZ
Commerce Commission takes GIB manufacturer Winstone Wallboards to court alleging anti-competitive conduct
1st Nov 24, 12:40pm
12
Commerce Commission takes GIB manufacturer Winstone Wallboards to court alleging anti-competitive conduct
Whilst the push for greater bank competition is good news, it may also come with increased risk
28th Oct 24, 6:00am
22
Whilst the push for greater bank competition is good news, it may also come with increased risk
‘Are you milking farmers instead of cows?’ ANZ chief executive Antonia Watson defends banking profitability during Parliamentary hearing
23rd Oct 24, 12:39pm
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‘Are you milking farmers instead of cows?’ ANZ chief executive Antonia Watson defends banking profitability during Parliamentary hearing
New Zealand gets its chance for some Australian-style bank political theatre
What would constitute a fantastic outcome for BNZ CEO Dan Huggins, ASB CEO Vittoria Shortt on the human toll of having too much debt & other tales from a bank CEO discussion
16th Oct 24, 4:45pm
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What would constitute a fantastic outcome for BNZ CEO Dan Huggins, ASB CEO Vittoria Shortt on the human toll of having too much debt & other tales from a bank CEO discussion
New Zealand could face another electricity shortage in 2025 as natural gas remains in short supply and Tiwai Point backstop won’t be available
5th Oct 24, 9:01am
91
New Zealand could face another electricity shortage in 2025 as natural gas remains in short supply and Tiwai Point backstop won’t be available
As the Government develops a Consumer Data Right regime, some key questions centre around fees
3rd Oct 24, 9:28am
As the Government develops a Consumer Data Right regime, some key questions centre around fees
Would the Prime Minister write Kiwibank a cheque for $500 million? Christopher Luxon says he won’t preempt Treasury advice
20th Sep 24, 5:41pm
2
Would the Prime Minister write Kiwibank a cheque for $500 million? Christopher Luxon says he won’t preempt Treasury advice
[updated]
Gareth Vaughan questions whether the fintech buy now, pay later sector deserves the special treatment it's getting from the Government
9th Sep 24, 5:00pm
23
Gareth Vaughan questions whether the fintech buy now, pay later sector deserves the special treatment it's getting from the Government
In a new episode of our Of Interest podcast, Grocery Commissioner Pierre van Heerden details what's needed to boost competition in NZ’s grocery sector
7th Sep 24, 9:15am
8
In a new episode of our Of Interest podcast, Grocery Commissioner Pierre van Heerden details what's needed to boost competition in NZ’s grocery sector
New Zealand's supermarkets are facing increased scrutiny after expanding their profit margins on non-fresh food, leading the Grocery Commissioner to call for stronger intervention powers
5th Sep 24, 3:20pm
31
New Zealand's supermarkets are facing increased scrutiny after expanding their profit margins on non-fresh food, leading the Grocery Commissioner to call for stronger intervention powers
Simon Papa calls for strategic, co-ordinated and ongoing action from the top of government down to resolve problems in the financial services sector
5th Sep 24, 7:10am
28
Simon Papa calls for strategic, co-ordinated and ongoing action from the top of government down to resolve problems in the financial services sector
Grocery Commissioner Pierre van Heerden says supermarkets are growing their margins and competition has not improved over the past two years
4th Sep 24, 9:29am
26
Grocery Commissioner Pierre van Heerden says supermarkets are growing their margins and competition has not improved over the past two years
In the Commerce Commission’s first grocery report, will the Grocery Commissioner give NZ’s grocery goliaths a gold star for effort – or will they be slapped with a negative report card?
3rd Sep 24, 7:44am
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In the Commerce Commission’s first grocery report, will the Grocery Commissioner give NZ’s grocery goliaths a gold star for effort – or will they be slapped with a negative report card?
Energy Competition Task Force seeking to help new generators and independent electricity retailers & provide more options for electricity users
28th Aug 24, 10:13am
9
Energy Competition Task Force seeking to help new generators and independent electricity retailers & provide more options for electricity users
Whilst the big bank bosses won't be quaking in their boots, the Commerce Commission's bank competition probe, and Nicola Willis' response, has put the issue very much on the political agenda
27th Aug 24, 5:00am
6
Whilst the big bank bosses won't be quaking in their boots, the Commerce Commission's bank competition probe, and Nicola Willis' response, has put the issue very much on the political agenda
Disruption lies in empowering non-bank lenders to compete, not just making four major banks five, Lyn McMorran argues
24th Aug 24, 8:45am
11
Disruption lies in empowering non-bank lenders to compete, not just making four major banks five, Lyn McMorran argues
On the Of Interest podcast Commerce Commission Chairman John Small discusses how the success of open banking can be measured, and why the growth process is what matters for a scaling up Kiwibank
21st Aug 24, 10:07am
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On the Of Interest podcast Commerce Commission Chairman John Small discusses how the success of open banking can be measured, and why the growth process is what matters for a scaling up Kiwibank
[updated]
Commerce Commission backs away from recommending shake-up to banks' regulatory capital requirements in final banking competition report
20th Aug 24, 8:43am
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Commerce Commission backs away from recommending shake-up to banks' regulatory capital requirements in final banking competition report
ComCom's annual telco monitoring report is out, Dotcom fights to stay in NZ, the amazing Roto VR chair, and Google's new Pixel phones
16th Aug 24, 12:58pm
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ComCom's annual telco monitoring report is out, Dotcom fights to stay in NZ, the amazing Roto VR chair, and Google's new Pixel phones
As the Commerce Commission mulls cutting the fees it costs businesses, and ultimately consumers, for accepting Visa & Mastercard cards, Gareth Vaughan looks at how the payments behemoths operate in NZ
16th Aug 24, 5:00am
23
As the Commerce Commission mulls cutting the fees it costs businesses, and ultimately consumers, for accepting Visa & Mastercard cards, Gareth Vaughan looks at how the payments behemoths operate in NZ