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


Commerce Commission decision good for industry and NZ

Commerce Commission decision good for industry and New Zealanders

InternetNZ today welcomes the Commerce Commission’s sensible decision to extend the copper pricing consultation, saying it will provide a better result for Kiwi consumers and businesses alike.

After the Commerce Commission had stated it aimed to get the final pricing principle completed by December 1st, InternetNZ and several other organisations submitted that the Commerce Commission was unnecessarily rushing to suit Chorus and that this would only create further problems down the track.

InternetNZ Work Programme Director Andrew Cushen is delighted that the Commission is thinking more seriously about its obligations.

“It’s pleasing to see that the Commission is going to take more time than it originally said. The extension will address some of the issues we raised in our submission.

“The work the Commerce Commission is asked to do is very difficult and certainly complex. Rushing for the sake of rushing was never a good move. If the industry genuinely wants certainty it will welcome this announcement as a step in the right direction.”

Mr Cushen said that InternetNZ would be submitting at every juncture of this process and was looking forward to working with the Commerce Commission to provide a happy ending to what has been a difficult process.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Banks: Westpac Keeps Core Government Transactions Contract

The local arm of Westpac Banking Corp has kept its contract with the New Zealand government to provide core transactions, but will have to share peripheral services with its rivals. More>>


Science Investment Plan: Universities Welcome Statement

Universities New Zealand has welcomed the National Statement of Science Investment released by the Government today... this is a critical document as it sets out the Government’s ten-year strategic direction that will guide future investment in New Zealand’s science system. More>>


Scouring: Cavalier Merger Would Extract 'Monopoly Rents' - Godfrey Hirst

A merger of Cavalier Wool Holdings and New Zealand Wool Services International's two wool scouring operations would create a monopoly, says carpet maker Godfrey Hirst. The Commerce Commission on Friday released its second draft determination on the merger, maintaining its view that the public benefits would outweigh the loss of competition. More>>


Scoop Review Of Books: She Means Business

As Foreman says in her conclusion, this is a business book. It opens with a brief biographical section followed by a collection of interesting tips for entrepreneurs... More>>


Hourly Wage Gap Grows: Gender Pay Gap Still Fixed At Fourteen Percent

“The totally unchanged pay gap is a slap in the face for women, families and the economy,” says Coalition spokesperson, Angela McLeod. Even worse, Māori and Pacific women face an outrageous pay gap of 28% and 33% when compared with the pay packets of Pākehā men. More>>


Housing: English On Housing Affordability And The Economy

"Long lead times in the planning process tend to drive prices higher in the upswing of the housing cycle. And those lead times increase the risk that eight years later, when additional supply arrives, the demand shock that spurred the additional supply has reversed. The resulting excess supply could produce a price crash..." More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news