/Tag:New Zealand Commerce Commission

Final Guidelines on Consumer Credit Fees

On 30 June 2017 the New Zealand Commerce Commission (NZCC) released its final guidelines on credit fees. The updates to the previous draft guidelines (released in September 2016) provide lenders with guidance on assessing the reasonableness of credit fees under the Credit Contracts and Consumer Finance Act 2003 (CCCFA).  The guidelines also emphasise conclusions drawn [...]

August 4th, 2017|Categories: Legal Developments|Tags: , , , |

Recent Commerce Commission prosecutions of mobile traders

The New Zealand Commerce Commission (NZCC) has recently cracked down on breaches of consumer protection laws, especially by mobile traders, with multiple successful prosecutions in 2016 and early 2017. These prosecutions were part of the NZCC’s response to issues identified in its Mobile Trader 2014-15 Report. The mobile trader Bestdeals 4 You Limited was fined [...]

May 5th, 2017|Categories: Legal Developments|Tags: , , |

Commerce Commission declines clearance for several mergers

The New Zealand Commerce Commission (NZCC) has declined clearance for several proposed mergers and acquisitions in 2017. To grant clearance on a proposed merger or acquisition, the NZCC must be satisfied that it would not be likely to substantially lessen competition in any New Zealand market. If there would be a substantial lessening of competition, [...]

May 5th, 2017|Categories: Legal Developments|Tags: , , |