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

 

All BA Decisions Delayed

Commission delays business acquisition decisions until after High Court decision next week

The Commerce Commission will not issue any pending business acquisition clearance decisions until after it has had the opportunity to consider the judgment of the Auckland High Court, to be released next week.

Commission Chair John Belgrave said that the Court would decide which test the Commission should apply to the clearance decisions. The Court has said that it expects to release its judgment by Wednesday.

Before recent amendments, the Commerce Act prohibited business acquisitions that resulted in dominance being acquired or strengthened in a market. The amended Act prohibits acquisitions that substantially lessen competition in a market.

The applications that the Commission has on hand now are:

* Carter Holt Harvey Limited / Central North Island Forest Partnership
* Howard Smith Limited / OPSM Protector Limited
* Solid Energy New Zealand Limited / Todd Coal Limited
* Lowe Corporation Limited / Colyer Mair Limited
* Computershare Registry Services Limited / BT Portfolio Services (NZ)
Limited
* Caltex New Zealand Limited / Challenge Petroleum Limited
* Progressive Enterprises Limited / Woolworths (NZ) Limited

Ends


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Trees: Surge Funding For Kauri Dieback And Myrtle Rust Research

“The $13.75 million investment announced today will mean that scientists can begin critically important research into kauri dieback and myrtle rust. It is vital that we get this work underway now to ensure that we combat these two pathogens and protect these taonga species." More>>

ALSO:

In Time For The Cup: Spark Sets 5G Date, Without Any Spectrum

Spark chief executive Simon Moutter has a big hairy audacious goal, to get the company's 5G mobile network up and running by July 2020 ... More>>

ALSO:

Mesh Mess: Commerce Commission To Appeal Steel & Tube Sentence

The Commission has today filed an appeal against the sentence imposed on Steel and Tube Holdings Limited (Steel & Tube) for false and misleading representations about steel mesh products. More>>

"Bipartisan Inaction": Rapid Rent Increases

The median nationwide rent has gone up $20 a week over the past two month, a rapid increase that is part of an upward trend overseen by both Labour and National Governments... More>>

ALSO: