Podcasts about comcom

Play Episode Listen Later Apr 23, 2025 6:27

Whether it be families being able to afford to bring students home from University for the holidays, attending important events or visiting friends. Many kiwis living in the regions say they're cut off - with the cost of flying on our national carrier - simply unaffordable. Scott Koster did the maths and reckons it would be cheaper for his university student daughter to take a bus from Tauranga to Auckland, an Uber to the airport and then fly Jetstar to Wellington. Koster spoke to Melissa Chan-Green.

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ComCom report finds Auckland Airport targeting excess profit

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Play Episode Listen Later Mar 31, 2025 7:26

Auckland Airport is cutting its fees after the competition watch dog found it's overcharging to the tune of almost two hundred million dollars. A final report by the Commerce Commission into Auckland Airport's fees through to 2027 found the airport is targetting excess profit, through aircraft landing and passengers terminal charges. Cath O'Brien from the Board of Airline Representatives spoke to Lisa Owen.

ComCom set to slash credit card surcharges

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Play Episode Listen Later Dec 17, 2024 12:27

The Commerce Commission says it wants to slash credit card surcharges it says are excessive. The commission's chair John Small joins Kathryn.

ComCom issues criminal charges against supermarkets

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Play Episode Listen Later Dec 10, 2024 3:41

The Commerce Commission is slapping criminal charges against supermarkets for inaccurate pricing and misleading specials. The charges will be made separately against Woolworths, Pak'nSave Silverdale and Pak'nSave Mill Street, with the Commission arguing they may have breached the Fair Trading Act. But some consumer watchdogs say the penalty for breaching the act is lacklustre - and that supermarkets make enough profit to get their own prices right. Reporter Maia Ingoe has more.

Mike's Minute: The ComCom Transpower decision is madness

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Play Episode Listen Later Nov 20, 2024 2:05 Transcription Available

It's ironic that we mention the Commerce Commission yesterday and here we are today, indulging in a bit more of its madness. Lines charges, the cost of getting power to your house, is going to get more expensive. Your bill will rise for the next handful of years by up to $85. That's over $1,000 a year. Is your power better? No. Do you get more power? No. You just pay more. Why? Because the Commerce Commission decided they are going to let Transpower and local lines companies charge more so they can invest in new infrastructure. They will be allowed to raise just shy of $6 billion. There are a few ironies with this: 1) We also, says the Commission, understand the importance of incentivising business to invest and improve and meet consumer demands. What?! You don't think they would charge this and more if they could? And what incentive? Transpower are a monopoly. They have no incentive to improve anything. 2) The $6 billion is way more than it should be. What should it be? Under $3 billion. Why? Because 55% of what Transpower is doing is because of higher inflation and interest rates. And what is 55% of $6 billion, roughly? Now, how did we get those? That's right - Adrian Orr. If you want yet another tangible example, as the Labour Government and Adrian Orr years of incompetence roll on, then here you are. $3 billion worth, that is for nothing other than admin and fees. Stuff that should not have happened if the approach in Covid hadn't been as grandiose and wasteful and plain idiotic. More inflation than we ever needed, leading of course to interest rates we shouldn't have had to try and bring back to Earth, entirely as a result of the Covid approach that crippled the country. Yes, there are plenty of intangibles like morals, behaviours, mental health and school attendance. But we are also paying Transpower $6 billion to do what they should have done anyway. Awesome economics in an awesome economy. See omnystudio.com/listener for privacy information.

Mike's Minute: What are the ComCom doing at the moment?

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Play Episode Listen Later Nov 19, 2024 2:15 Transcription Available

I think at times the Commerce Commission has an easy job in the sense it starts out life, in appearance anyway, as being on “our side. "Our” side being the people's side. We need a hero, a protector to keep the big bad boys away from our lives and wallets. Lately though, they look like they might have a large legal budget that someone has told them to spend or else they will lose it. So out come the lawyers to take on Starlink over their claims about being able to text anywhere in the country. This case looks literal. You can't say you can text from anywhere if I can literally find a place where you can't. The room for adult interpretation appears to be devoid of presence in this case. Then we get to Foodstuffs, who are to appeal a ruling by the Commerce Commission on its merger. The interesting bit about Foodstuffs is that they unfortunately are a supermarket, and supermarkets are hated because they sell stuff at prices we have decided are too high. They are in the same category as banks, telcos, petrol stations, and airlines, who are all out there to rip us off, bleed us dry, and generally make life miserable. Foodstuffs have two bits in the North Island and the South Island. They want to join the two bits together. From a business perspective it makes perfect sense because you are playing with scale and scale is generally good. But scale also reduces numbers in the market, and it may well reduce competition. Where we appear a bit stuck in this country is that very fine and, quite probably, indefinable line between letting people get on with business, creating an environment in which business prospers, more businesses wanting to open, and killing business by over regulating it, driven in part by fear over lack of competition and the punter being ripped off. What will be interesting is whether Foodstuffs can argue their case on fact, or on what clearly is an overarching zeitgeist. The banks appeared in front of the Government committee into banking. They made a very plausible and reasonable case around their profits. It will make no difference though because the Government doesn't want to hear it. Maybe Foodstuffs are the same. What is a decent price? What is a decent margin? What is the choice for a punter who sees a can of beans at a higher price in one place, so goes elsewhere? Is a court even required if the zeitgeist around business and its success is predetermined, whether sensibly, logically, or not? See omnystudio.com/listener for privacy information.

Chris Quin: Foodstuffs North Island CEO on the Commerce Commission's merger decision, grocery prices

Play Episode Listen Later Nov 18, 2024 34:55 Transcription Available

Foodstuffs North Island chief executive Chris Quin has confirmed that the company will appeal the decision by the Commerce Commission to block its proposed merger. Speaking on Newstalk ZB this morning, Quin said the company's advisers had been working their way through ComCom's reason for the decision for the last few weeks. “The biggest concern in the document seems to be about whether suppliers would be worse off as a result of the co-op merging between the North Island and South Island,” Quin said. “Our internal teams have the view that we passed that legal test and that the proposition we put up should have been cleared.” Foodstuffs will appeal the decision in the High Court and expects to have officially filed its appeal by November 21. Quin reiterated Foodstuffs' position that the two regional co-operatives in the North and South Islands don't compete with each other in any way. He said that if the co-operatives were merged it would make them “incredibly more efficient”. On the suggested impacts on suppliers that ComCom posited, Quin said he briefed hundreds of suppliers after the decision last month. “We get a lot of conversation with them almost every day on meeting with one or other and the advantages for suppliers would be dealing with one not two,” Quin said. “The possibility would be you could do a deal to be nationally ranged, so we see a number of advantages for suppliers.” He believed a merger would allow Foodstuffs to make prices much more competitive, ultimately benefiting consumers. Mary Devine, chief executive of Foodstuffs South Island, also said the merger woujld bring long-term benefits to customers and communities, citing increased efficiency and faster innovation. “Combining our operations allows us to streamline operations, reduce overheads and better invest in new technology and services that our customers want,” Devine said. “This isn't just a merger - it's an evolution to ensure we remain competitive and sustainable for the future.” The original decision Now that Foodstuffs has confirmed its appeal, the process will likely be a lengthy one. Foodstuffs North Island and Foodstuffs South Island operate some of New Zealand's best-known supermarket banners – New World, Pak'nSave and Four Square – and while each retails only in its respective island, the companies already collaborate across various business areas, including marketing and home-brand purchasing. Their combined revenue was nearly $13 billion in the last fiscal year. In their application to the commission for clearance to merge, the parties essentially argued that they do not compete at either the retail or wholesale level and they would be more efficient and better equipped to drive down grocery prices as a single streamlined entity. However, the commission was not convinced the benefits of such an arrangement would flow to customers and moreover, its main concern was that a merger would reduce the number of buyers in the “upstream market” for grocery supply from three to two – this market is currently dominated by the two Foodstuffs entities and Woolworths NZ. In its decision, the commission noted that this reduction would be a structural change and would likely lessen competition in multiple acquisition and retail markets. It also emphasised that competition in the country's highly concentrated grocery market was already weak. Tom Raynel is a multimedia business journalist for the Herald, covering small business and retail. See omnystudio.com/listener for privacy information.

Pierre van Heerden: How it costs twice as much to set up a supermarket in NZ than Australia

Economy Watch

Play Episode Listen Later Sep 6, 2024 25:25

Grocery Commissioner Pierre van Heerden wants a third supermarket competitor to set up shop in New Zealand in order to tackle the country's supermarket duopoly, but reducing the barriers to entry won't happen overnight.“What we've been told by these players is when they come and they want to open up a large store in New Zealand, the cost to get a spade in the ground is double that of Australia,” he says in a new episode of the Of Interest podcast. “Now that is significant. And when they look at 'do we open up a store in Wagga Wagga or Tamworth or wherever in Australia' versus coming to open up in Auckland where there is massive demand or any of the other centres, really, the cost is double that of Australia. And the timeframe often is more than double as well. So when they do their business cases, they look at that and say, 'well, we're going to be better off by going elsewhere rather than here.' Now the government is saying that they're going to change things to make New Zealand more competitive for international players. And that's really what we're looking at.”The Commerce Commission released its first annual grocery report on Wednesday which revealed ComCom's efforts to boost grocery competition over the past year hasn't had much impact. The report found between 2019 and 2023, price-cost margins on non-fresh products across the New World, Pak'nSave, and Woolworths brands increased by 3.1 percentage points on average, while fresh food margins rose a lesser 0.4% on average.The Commission defines price-cost margins as a measure of the difference between the price a firm receives for the sale of an item and the direct supply costs incurred.Broken down, the price-cost margins for non-fresh products in that period rose the most at Foodstuffs North Island's New World stores which reported a 3.9 percentage point increase in that period.In second and third, Woolworths NZ's Countdown stores, now renamed back to Woolworths, reported a 3.6 percentage point increase, and Foodstuffs South Island reported a 2.9% percentage point increase during 2019 and 2023.The consumer watchdog said the report provided “clear evidence for stronger action” in NZ's $25 billion grocery sector.Speaking on the Of Interest podcast, van Heerden says the Commission wants to make sure the barriers to entry are reduced enough to make NZ's supermarket sector more competitive. Barriers to entry for potential new supermarket hopefuls also include things outside the Commission's control like planning regulations including zoning requirements within the local council's District Plan, and the resource consent process in some cases. The Overseas Investment Act 2005 can also create additional costs, delays and uncertainty in relation to site acquisition by overseas entities looking to enter or expand in the New Zealand grocery industry, van Heerden says.Asked if a giant entity would be needed to enter NZ's supermarket sector – which is currently controlled by Woolworths NZ and Foodstuffs – as a third entrant or if a smaller grocery player could work as well, van Heerden says it can be a combination.“We would like to see someone who can come in and has the scale to do it nationally, because that's the way they're going to get the best prices from suppliers. You know, they can get good trade spend or discounts in their stores as well. Because when I look at Auckland as an example, in Auckland, the concentration or the market share of the major supermarkets has come down by 4% from 74 to, I think it's 70%. What has caused that – Costco coming into the market. A lot of the Asian supermarkets are growing and we've just seen Foodies open and they sold out from what I've seen, you know, four weeks' stock in three days,” he says.“So consumers are anxious and they want to get better deals and they will support these players. But I want to see that same level of competition out in the smaller areas. And if a big player comes in and as in Australia, a hard discounter where they really give very good prices, I think that will shake up the industry and it will ensure that the big players are more competitive.”Van Heerden says the supermarkets have “said all the right things” when contributing to the Commission's work on the grocery sector“If you look at the comments that both the major supermarkets have brought out since the report came out, they all say they work, they work with us, they support the objectives. But I want those words to change into actions. I want to actually see it happening. I look at, for instance, the refund policies and the pricing issues. We've raised that now with them since I started. And quite honestly, the response has been, 'yes, we're getting it done,' but the actual actions have been slow. So I'd like to see them ramping up those actions and letting their actions be the same as what they're telling us, that they're happy to work with us to get things done,” he says.The Commerce Commission's grocery report can be found here.*You can find all episodes of the Of Interest podcast here.

Kerre Woodham: What's it going to take to get supermarket competition?

Play Episode Listen Later Sep 5, 2024 9:35

We're going a little bit back to the future today because the annual report card into the grocery industry came out yesterday, and we were overrun with health talk. So we'll go back to that report and look at the ramifications for the industry, for the suppliers, and for us, the consumers. So according to the report, we are paying higher prices, specials are confusing, and loyalty schemes aren't delivering overly significant rewards. Paying $10,500 for a glass container isn't really enough in terms of loyalty (if you're collecting the stickers from New World, you'll know what I mean). According to the ComCom's first annual grocery report all major supermarkets experienced an increase in price cost margins, which means retail prices were increasing faster than the cost of the goods. Those wanting to enter the market are not finding it easy. Despite 150,000 members signing up to Costco by March, Costco still suffered a $20 million loss. Restrictive land covenants were hampering new entry for new players and existing ones. The Commission has already prosecuted Foodstuffs North Island for historical abuses, grabbing land and holding on to it so nobody else can build there. We also saw alternative grocery shopping places like Huckleberry shut down – that's been around forever and that's been placed into liquidation. Online retailer Supie failed, Bin Inn closed 5 stores, so it's tough, it's a tough market out there. And it's tough for Foodstuffs and Woolworths too, I'm sure. They've had to pay increased costs, and security guards, and thefts and the like, it has not been easy for them. They've had to look after their staff, who face relentless barrages of abuse, and probably this report card won't help. So, it's not an easy industry to be in right now. It's a much, much tougher one to get into if you want to. While the number of covenants around land had decreased, the Commission has expressed concern at the more than 100 properties currently owned by major retailers that are not being used for stores, with no immediate plans to put a supermarket there. The Commissioner said, well, yes, I suppose some of these properties could be used for car parks or storage, but they certainly included potential expansion sites when properties held for more than 20 years were considered. Sue Chetwin from the Grocery Action Group, told Ryan Bridge on Early Edition that the government needs to show its teeth if we want to see any significant change to the market. “All of the rules that they've put in place, all very well meaning, but have not worked. They have really just tinkered around the edge, so unless you make some structural change to encourage competition or to allow competition to happen, then we're just going to get more of the same.” Yeah, and that's the thing. There was a Commerce Commission report, there were some prosecutions, the duopoly of Foodstuffs and Woolworths were put on notice, and nothing happened. If anything, it's got slightly worse. So the government is interested in turning up the heat, Commerce and Consumer Affairs Minister Andrew Bayly says he plans to seek advice on the sites currently being land banked, alongside broader regulatory reviews that could lead to potential change, including the Overseas Investment Act and the Fair Trading Act. What about the concerns of suppliers? We've looked at consumers and said, yep, you're paying more than you need to for food, even taking into account seasonal fluctuations, even taking into account everything's more expensive, what the report says is that the increase in price cost margins has given them a greater profit than they needed to have. The report says a monthly index of suppliers prices produced by Informetrics for Foodstuffs North Island and pumped out to the media —in fact it was referred to in the press release following the release of the ComCom report yesterday— has consistently failed to include the impact of so-called trade spend, the impact of rebates, discounts, and payments that run to billions of dollars annually on the prices supermarkets actually pay to their suppliers. The report stopped short of calling this lying, Business Desk said let's settle for embarrassing. So what does this all mean? We are a very small country. We're not even as big as most cities in the United States, so anybody who's interested in coming here from overseas has to know that they'll make a profit. Even if the government arranged for a prime piece of real estate in the middle of Auckland, New Zealand's biggest city, and earmarked it for an overseas player and said come, haere mai, haere mai, this land is yours, put your supermarket up there, fill your boots. I'm not entirely sure they'd make a profit. It's a huge investment. It's a huge investment in building up relationships that cannot happen overnight with suppliers. It takes time, and the reason that Foodstuffs and Woolworths are so successful is that they are old companies. They're very old. Certainly with Foodstuffs when you trace their whakapa back, they are part of the landscape back to the 60s. So this has taken time to build, to get into this position of strength. And while there might be huge players overseas, they don't have that network of contacts, that history, that the others do here. It's got to be worth their while. They've got to know that they're going to make money if they up sticks and invest here. How likely is that? Is there any real likelihood of a third player? What's it going to take to get real competition? Is it going to take a coalition government that really doesn't like regulation? Are they going to have to swallow a dead mouse and say we'll have to regulate this industry because they're not doing it themselves? See omnystudio.com/listener for privacy information.

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ComCom calls for beefed up Kiwibank

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Play Episode Listen Later Aug 20, 2024 5:44

The Commerce Commssion's final report into the personal banking sector's found there's a lack of obvious and aggressive competition among the big banks, with no disruptive maverick. It nominates Kiwbank to play that role - but says it needs more capital to do that and the government should explore options. The Finance Minister said the big four foreign owned banks are making extremely high profits at New Zealanders expense, Finance Minister Nicola Willis speaks to Lisa Owen.

Antonia Watson: ANZ CEO disagrees with the Commerce Commission's report saying the banking sector isn't competitive

Play Episode Listen Later Aug 20, 2024 5:44

ANZ's chief executive believes New Zealand's banking system is competitive. The Commerce Commission's market study found there's little competition between the big four banks, and they take high profits by international standards. It recommends open banking and giving Kiwibank access to more capital, to better compete and become a disruptor. Antonia Watson told Mike Hosking they don't agree with the ComCom's characterisation of the sector. She says their staff are fighting every day to win and retain customers, so back themselves that it's a competitive industry. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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Mike's Minute: There won't be any action on the banking report

Heather du Plessis-Allan Drive

Play Episode Listen Later Aug 20, 2024 1:55

Big report day for big issues. Report Number One: The ComCom and the business of banking. The market doesn't work, more banks would help, how to get more banks? How to get less regulation, how to get better deals for the customer? Firstly, don't hold your breath. The ComCom has looked into power and petrol and banking – not a lot changes. Nicola Willis didn't help yesterday morning when she said in response to a perfectly legitimate question about lending practices, that a bank CEO had said they “weight farms differently from houses in terms of risk”, Willis said well they can tell that to the select committee. Which as far as I could work out means nothing, given I'm sure they will. Then when asked about the banking lobby being powerful, she said “they may be powerful but democracy is more powerful”. Once again, it means nothing. What she was avoiding was the question ‘will you legislate', and she was avoiding that because she is not legislating. The same way the previous government made a lot of noise about supermarkets and petrol but were never going to legislate either. Instead, what we got was a sign on the footpath showing the 98 price and a Grocery Commissioner who so far is limited to press releases. Here is your trouble: we have a lot of banks, we just don't use them. We can switch banks, we chose not to. Yes, the rules the Reserve Bank has in place to make banks hold money could be changed, some of the regulation could be changed, but will it materially fix the market? No. This, as I always say, is not to defend banks. Banks are highly profitable. Their margins are higher here than Australia. But the mistake that is made almost every time, whether its banks, supermarkets, petrol stations, or telcos, is the hype never plays out in reality. The jawboning gets the headlines, the action fades into obscurity. Let's talk in a year, and you can show me how fundamentally different the New Zealand banking scene is. Or not. See omnystudio.com/listener for privacy information.

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Gemma Rasmussen: Consumer NZ on supermarket pricing discrepancies

Play Episode Listen Later Aug 16, 2024 5:03

The Commerce Commission says shoppers are likely to be losing millions of dollars a year due to supermarket pricing errors. Grocery commissioner Pierre van Heerden has called them out for times when the price on the label doesn't match what you end up paying at the counter. He believes when that happens they need to give you the product for free. Head of research and advocacy at Consumer NZ, Gemma Rasmussen, told Heather du Plessis-Allan it should be the role of the commission to be looking into the pricing discrepancies. She says 65% of shoppers are noticing pricing inaccuracies when they go to the supermarket and about 12% are spotting them frequently. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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Critics say ComCom's decision to block DJ software sale could chill investment

Play Episode Listen Later Jul 23, 2024 20:50

Critics say a decision by the competition watchdog to block the sale of a local DJ software company will have a chilling effect on tech sector investment.

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Paywave taking 100 million out of pockets across NZ - ComCom

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Play Episode Listen Later Jul 23, 2024 5:57

The money is a fraction of the one billion dollars a year Kiwis spend on merchant service fees using the Mastercard and Visa payment networks. The Commission said Paywave's 2% surcharge is particularly high and it has a plan to slash fees, Commerce Comission chair John Small speaks to Susana Lei'ataua.

Airlines back ComCom report on Auckland Airport

RNZ: Morning Report

Play Episode Listen Later Jul 17, 2024 4:42

Airlines say it could be another year until Auckland Airport lowers its aviation prices. That's despite a draft Commerce Commission report yesterday which found the Airport was in line to make about 200-million-dollars in excess profit between 2022 and 2027. Board of Airline Representatives executive director Cath O'Brien spoke to Ingrid Hipkiss.

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Do we need more competition and regulation in the banking sector?

The Front Page

Play Episode Listen Later Jul 16, 2024 19:09

An inquiry into New Zealand's banking competition, or lack thereof, is currently underway. Finance Minister Nicola Willis announced it in June, putting particular emphasis on rural banking and lending. A ComCom market study has already, unsurprisingly, found a lack of competition among our largest financial institutions – with a full report due next month. So, what does it all mean for the average Kiwi consumer – and is there hope on the horizon for some healthy competition? Today, Victoria University of Wellington associate professor of economics Martien Lubberink takes us through the state of our banking sector, and ABC journalist Dan Ziffer explains what lessons could be learned from Australia's massive Royal Commission into Banking. Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network. Host: Chelsea DanielsSound Engineer: Paddy FoxProducer: Ethan SillsSee omnystudio.com/listener for privacy information.

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Francesca Rudkin: Are you making an effort to get cheaper fuel?

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Play Episode Listen Later Jun 12, 2024 7:31

As emails keep hitting the inbox—or the letters hitting the letterbox if you're still supporting the postal system—telling us of price increases for all sorts of things. From the cost of our energy, to insurance premiums, to our favourite streaming service, we're all still keeping a close on our household budgets and doing what we can to try and keep them under control. So, how far do you go to make sure you are paying the best price for petrol? For those of us who do not live somewhere with accessible or reliable public transport, or don't have the guts to put our lives at risk and get on a bike, or can afford an EV, we are at the beck and call of petrol companies and what they can charge us to fill our vehicles. Now the Commerce Commission is getting in on the act. Their latest analysis of fuel monitoring data shows retailers are quick to put fuel prices up in response to increased costs, but slower to bring prices down when global oil prices fall or exchange rate changes reduce costs. It's known as the rocket and feather approach: prices rocket up with increased costs but float down slowly when those costs decrease. They have estimated that if fuel companies drop prices as quickly as they increase them when costs change, motorists would benefit by around $15 million a year. Now that is quite considerable and worth keeping an eye on. But what can the Commerce Commission really do about it? There have been some changes already... BC: What's actually changed is that companies like Waitomo and Gull can now more readily get fuel at more reasonable prices. And we've seen that, they've been much more able to open stations than was the case in the past, and that is driving down prices for Kiwi motorists. So we've got evidence that it is working. MH: How much does the punter play a part in this? In other words, if I wanted to put a bit of energy into it, get a Gaspy app, shop around, there's, there's plenty of competition and there's plenty of price variability? BC: Yep, especially in a place like Auckland. Look, Terry Collins from the AA has been talking about that in the last day or so, he's absolutely right. If everyone shops at the lowest priced station, the others are going to have to match. Now it's important to note that there is no suggestion of collusion here – or illegal practices, these are large corporates operating in a supply and demand market. There is competition between them – but often the consumer determines as to whether they need to act on that competition. So do you? Do you use your GASPY app? Do you make an effort to go to the cheapest local station around? Are you doing your bit to inform the petrol companies that you understand the choice you have? I don't think the Commerce Commission will be able to do much about this—much like the supermarket situation—except say they will be keeping an eye on things. Terry Collins, the AA Principal Policy Advisor, spoke to Heather du Plessis-Allan last night saying it is a warning to the fuel companies. TC: I mean, this is a classic shot across the bow by the Commerce Commission, but I've been talking to contacts within the industry and they're very keen because of the optics on it, not least by the media and by the Commerce Commission to ensure that the Auckland Motorists get their full 11.5 cents discount or rebate, the decrease in price, come 1 July. I know one of the large major's got a big team working on it, trying to get it done by midnight. On that day, it comes into effect across all these stations. Of course, the big test of the ComCom warning, and consumers power will be in Auckland when the fuel tax is removed from the 1st of July. Aucklanders will expect their gas to be 11.5 cents cheaper immediately, wouldn't you? The attention from the Commerce Commission is good. It's a reminder to us all to use whatever power we have, but it's up to us to make an impact that will help us out at the pumps. See omnystudio.com/listener for privacy information.

Capital Letter: NZ Herald's Georgina Campbell on the Wellington mega tunnel and the ComCom's warning for Bluebridge

Wellington Mornings with Nick Mills

Play Episode Listen Later May 29, 2024 9:22

Ferry operator Bluebridge has been warned by the Commerce Commission after over compensation for cancelled ferry sailings. NZ Herald Wellington Issues reporter Georgina Campbell is across the issue and joined Nick Mills for her weekly slot. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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451. Getting Started with Ghost Phone - Degoogle Your Life with Sean from MARK37.comcom/383s9q8s86u3

The Workshop Podcast

Play Episode Listen Later May 27, 2024 74:03

Tonight we are joined by Sean Tario from Mark37.com to chat about setting up a ghost phone, degoogled phone, burner phone etc. As well as introducing more privacy into our lives. www.mark37.com CONNECT WITH ME http://www.patchofthemonth.co/ PATCH OF THE MONTH CLUB http://toolmantim.co/ WEBSITE http://toolmantim.shop/ AMAZON AFFILIATE https://c3c5a9.myshopify.com/ MERCH http://www.youtube.com/c/toolmantimsworkshop/ YT https://rumble.com/c/ToolmanTimsWorkshop RUMBLE https://odysee.com/@Allseasonsmain:5 ODYSEE https://mewe.com/i/toolmantimsworkshop - MeWe http://www.facebook.com/toolmantimsworkshop/ - FB http://www.instagram.com/toolmantimsworkshop – IG https://twitter.com/toolmantimworks TWITTER http://t.me/toolmantimsworkshop TELEGRAM http://www.tiktok.com/@toolmantimsworkshop TIKTOK https://www.twitch.tv/toolmantimsworkshop TWITCH https://podcasters.spotify.com/pod/show/toolmantim SPOTIFY https://freesteading.com/members/toolmantim/ FREESTEADING npub1738csh60emd5yl97sr092z0vqhde2fqgz3tdumcuvns2qker296q4dpx5q NOSTR http://www.thesurvivalpodcast.com EXPERT COUNCIL https://www.empshield.com/link/cmz0bp0/ Save $50 on EMP Shield Mailing Address If you have anything interesting tool related you'd like to send my way, for review or just because, use the address below. U.S.A. Mailing address Toolman Tim Cook 102 Central Ave Ste 10699 Sweet Grass, MT 59484 CANADIAN Mailing Address ‘Toolman Tim' P.O. Box 874 Provost, Alberta T0B3S0 Canada As an Amazon Associate I earn from qualifying purchases Opus.Pro https://www.opus.pro/?via=toolmantimsworkhsop StreamYard https://streamyard.com/pal/c/5780333750648832 TubeBuddy https://www.tubebuddy.com/pricing?a=Toolman

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Christian Hawkesby: Reserve Bank pushes against ComCom proposal

Heather du Plessis-Allan Drive

Play Episode Listen Later Apr 23, 2024 5:32

The Reserve Bank of New Zealand is pushing back at a proposal by the Commerce Commission to increase competition in the banking sector. The Commerce Commission has made multiple suggestions, including asking the Reserve Bank to tolerate more risk so that smaller banks and lenders have a chance to add competition in the market. Reserve Bank Deputy Governor Christian Hawkesby spoke with Heather du Plessis-Allan about the decision. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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More Houses Available for Sale, KiwiSaverGap between men and Women & ComCom Agenda to Include Clawbacks

Property Apprentice Podcast

Play Episode Listen Later Apr 5, 2024 14:52

“The Week in Review” is where we talk about current events for the everyday investor and homebuyer.Watch the Youtube videoVisit our website to register for our free events or book a free, no obligation meeting to learn how we can help.THIS WEEK IN REVIEW TOPICS:Topic #1: Interest.co.nz 2nd of April -The housing market is heading into winter with a shed load of unsold properties looking for buyersTopic #2: Good Returns 2nd of April -Clawbacks could sneak onto ComCom agendaTopic #3: Interest.co.nz 3rd of April- Zoning, housing regulations, and Kāinga Ora are all in the spotlight in the Coalition Government's three month planTopic #4: RNZ 4th of April -More houses for sale, high interest rates keep price gains lowTopic #5: NZ Herald 3rd of April-KiwiSaver contributions: Big gap between men and womenJoin OUR NEW EVENT: https://www.propertyapprentice.co.nz/auckland-events/Book a Meeting with Paul Roberts: https://www.propertyapprentice.co.nz/free-strategy-call/Support the show*Nothing from this episode should be taken as individual financial advice. *Property Advice Group Limited trading as Property Apprentice has been granted a FULL Licence with the Financial Markets Authority of New Zealand. (FSP Number: FSP157564) Debbie Roberts | Financial Adviser (FSP221305) For our Public disclosure statement please go to our website or you may request a copy free of charge.

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ANZ Gives Property Investors Leg-Up, ComCom Out of Touch with Reality & Landlords Top Up on Rentals

Property Apprentice Podcast

Play Episode Listen Later Apr 1, 2024 16:20 Transcription Available

“The Week in Review” is where we talk about current events for the everyday investor and homebuyer.Watch the Youtube videoVisit our website to register for our free events or book a free, no obligation meeting to learn how we can help.THIS WEEK IN REVIEW TOPICS:Topic #1: Good Returns 25th of March -ComCom accused of being out of touch with the reality of mortgage adviceTopic #2: Oneroof 26th of March -Warning to first-home buyers as ANZ gives property investors a leg-upTopic #3: Stuff 25th of March- Will tax reform be Labour's trump card in next general election?Topic #4: Oneroof 25th of March-Rentals costing landlords up to $450 a week in top-upsTopic #5: Oneroof 27th of March -Tony Alexander: Extra difficulties for renters lie just around the cornerJoin OUR NEW EVENT: https://www.propertyapprentice.co.nz/auckland-events/Book a Meeting with Paul Roberts: https://www.propertyapprentice.co.nz/free-strategy-call/Support the show*Nothing from this episode should be taken as individual financial advice. *Property Advice Group Limited trading as Property Apprentice has been granted a FULL Licence with the Financial Markets Authority of New Zealand. (FSP Number: FSP157564) Debbie Roberts | Financial Adviser (FSP221305) For our Public disclosure statement please go to our website or you may request a copy free of charge.

Banking sector lacks competition - ComCom report

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Play Episode Listen Later Mar 21, 2024 6:06

Hefty profits, virtually no real competition and weak incentives to do better. That's a snap shot of the banking sector according to a draft market study from the Commerce Commission. It concludes a disruptor's needed to shake the sector up and force some aggressive competition, because consumers are missing out. But it warns Kiwibank is not big enough to force the change needed. Massey University's Professor David Tripe speaks to Lisa Owen.

ComCom's personal banking study

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Play Episode Listen Later Mar 20, 2024 12:10

The Commerce Commission has released an interim report on its market study into personal banking services.

Banking sector needs more competition: Comcom report

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Play Episode Listen Later Mar 20, 2024 12:58

The Commerce Commission says the banking sector needs more competition.

Jenee Tibshraeny: Herald Wellington Business Editor on the Commerce Commissions study into the banking sector