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


Commerce Comm'n decision on duty free acquisition

Commerce Commission decision on duty free acquisition

On 28 March 2008 the Commerce Commission declined to grant clearance for DFS Group Limited (DFS Group) to acquire 100 per cent of the shares in The Nuance Group. The Commerce Commission has now released its reasons and these can be viewed on the Commission’s website.

Auckland Airport is reviewing the Commerce Commission’s reasons and any implications they may have for its decision to move from two to one duty free operators at Auckland Airport. Auckland Airport notes that the Commerce Commission’s decision in relation to DFS Group’s clearance application is an issue separate from the Commission’s current investigation into Auckland Airport’s decision to move from having two duty free operators to one. That investigation remains in progress.

Until the current Commerce Commission investigation is concluded, and any effects arising there from are assessed, any impact on duty free concession revenue to be received by Auckland Airport cannot be determined.

Auckland Airport considers that it has not breached the provisions of the Commerce Act. The move from two duty free operators to one operator will improve the delivery of duty free retail services to the public at Auckland Airport by enhancing the depth and breadth of goods offered and make it a more attractive and competitive shopping destination relative to other international airports. Auckland Airport has been and will continue to work constructively with the Commerce Commission to assist it in its investigation.


© Scoop Media

Business Headlines | Sci-Tech Headlines


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>


Snail-ier Mail: NZ Post To Ditch FastPost

New Zealand Post customers will see a change to how they can send priority mail from 1 January 2018. The FastPost service will no longer be available from this date. More>>


Property Institute: English Backs Of Debt To Income Plan

Property Institute of New Zealand Chief Executive Ashley Church is applauding today’s decision, by Prime Minister Bill English, to take Debt-to-income ratios off the table as a tool available to the Reserve Bank. More>>


Divesting: NZ Super Fund Shifts Passive Equities To Low-Carbon

The NZ$35 billion NZ Super Fund’s NZ$14 billion global passive equity portfolio, 40% of the overall Fund, is now low-carbon, the Guardians of New Zealand Superannuation announced today. More>>


Split Decision - Appeal Planned: EPA Allows Taranaki Bight Seabed Mine

The Decision-making Committee, appointed by the Board of the Environmental Protection Authority to decide a marine consent application by Trans-Tasman Resources Ltd, has granted consent, subject to conditions, for the company to mine iron sands off the South Taranaki Bight. More>>