Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Media Statement from Caltex New Zealand Limited

Caltex regrets being found to have contravened the Commerce Act in last year's car wash case and today's imposition of a penalty ordered by the Court.

The penalty relates to the cessation of a free car wash promotion at certain Auckland locations back in 1996. It was not connected to the setting of the price of petrol at the pump.

It was generally acknowledged that the companies were losing money by giving away large numbers of free car washes and it was inevitable that the promotion would end. Caltex is pleased the court accepted that the removal of the promotion increased efficiency in the use of resources.

Caltex provided evidence to the court that it has compliance programmes in place to ensure staff awareness of the Commerce Act. These include staff training, information booklets and testing of staff knowledge of the Act.

Caltex has been a good corporate citizen for 80 years and has never before been implicated in any Commerce Act matter before the courts.


ends


Issued by 141 Palace Plus for Caltex New Zealand Limited

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>