About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Friday, October 21st, 4:51PM
Latest Headlines

Commission has another go at Southern Cross

The Commerce Commission applies for leave to overturn Southern Cross decision.

Tuesday, April 10th 2001, 1:20PM

The Commerce Commission has applied to the High Court for leave to appeal the court's decision allowing Southern Cross to keep all of Aetna Health.

The commission has sought leave to take the matter to the Court of Appeal. A decision on this has been reserved.

Last month the High Court gave overturned a ruling from the commission regarding Southern Cross's takeover of Aetna. The commission twice turned down Southern Cross's application to buy all of Aetna on the grounds that it would gain a dominant market position.

However, it approved Southern Cross's third application on the provision that Southern Cross sold all of Aetna's existing policies.

The High Court ruled that Southern Cross did not have to divest the policies, saying that there were low barriers to entry in the market and that the commission had defined the market too narrowly.

The court's decision was the commission's first set back in the area of business acquisitions in almost a decade.

« Hellaby backs Club LifeBattle for control of Aetna not yet over »

Special Offers

Commenting is closed



Printable version  


Email to a friend
Strategy Thoughts
News Bites
Latest Comments
  • KiwiSaver risk reward just 2.1%
    “@ Non-aligned Oh, you read the whole thing? I stopped at the 6th word - Mellville......”
    1 day ago by Dirty Harry
  • KiwiSaver risk reward just 2.1%
    “The Milford Acvtive Growth KiwiSaver was not either the best or even second best performing KiwiSaver Fund for the most recent...”
    1 day ago by non-aligned AFA - North Shore
  • Wait continues for FAA detail
    “I am not sure of your background Craig and it's not often i agree with Brent but it is important to know what background...”
    2 days ago by gavin austin adviser business compliance
  • KiwiSaver advice sparks complaints
    “"Banks told Good Returns it was sometimes hard to offer personalized advice within the confines of a QFE structure." So...”
    2 days ago by R1
  • Klipin takes helm of FSC
    “Good appointment. Congrats Richard...”
    2 days ago by Pragmatic
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News


Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
Site by Web Developer and eyelovedesign.com