About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Saturday, April 19th, 1:42PM
rss
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

 

print

Printable version  

print

Email to a friend
Strategy Thoughts

Tip from the top

Fidelity Income Protection
Changes to the wording make it easier to issue policies, but advisers should be careful about proof of income.

News Bites
Latest Comments
  • Spicers' restraint of trade draconian
    “Yes, a self employed contractor may be dealt with differently than a franchisee in regard to your point made where there...”
    2 days ago by Michael Donovan
  • Pricing chaos in home loan market
    “Why has New Zealand consistently have the highest interest rates in the western world? Why does areas outside of Auckland...”
    2 days ago by Richard
  • Financial literacy tools reach teachers
    “While there are fools and entrepreneurs, there will always be financial inequity. Everyone knows that hire purchase is expensive,...”
    2 days ago by Andy
  • Call for advisers to audit each other
    “Maybe a senior adviser would have good back ground knowledge of the audit requirements and not be a newbie in the audit game,...”
    2 days ago by Gerald Gates
  • Call for advisers to audit each other
    “Thank you Nigel for going into Bat once again for us. I am an AFA specializing in the Family Market, therefore mostly Presenting/Promoting...”
    2 days ago by Lyall Daines
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News

MORE NEWS»

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