NZ ComCom Rejects Interim Authorization for Banking Group, Others to Collectively Negotiate Over Cash-in-Transit Services

MT Newswires Live

Nov 13, 2025

New Zealand's Commerce Commission declined an application from the New Zealand Banking Association (NZBA), which includes Commonwealth Bank of Australia's (ASX:CBA) ASB Bank unit, for interim authorization for the group and other parties to collectively negotiate with Evergreen International over cash-in-transit services, according to a Thursday statement by the Commission.

The Commission said it is continuing to consider NZBA's application for full authorization.

NZBA also applied for interim authorization to allow it and other parties to negotiate extensions to their existing contracts and to bargain for new agreements with Evergreen, the Commission added.

NZBA did not immediately respond to MT Newswires' request for comment.

Shares of ANZ Group Holdings (NZE:ANZ, ASX:ANZ) fell 5% in recent Thursday trade in Australia, Westpac Banking (NZE:WBC, ASX:WBC) dropped 2%, and Heartland Group Holdings (NZE:HGH, ASX:HGH) shed 1%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2583653566"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2583653566\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2583653566?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-13 10:18","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2583653566","market":"nz","top_or_hot":-1,"title":"NZ ComCom Rejects Interim Authorization for Banking Group, Others to Collectively Negotiate Over Cash-in-Transit Services","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/NZERF\">New Zealand</a>'s Commerce Commission declined an application from the New Zealand Banking Association (NZBA), which includes <a href=\"https://laohu8.com/S/CBAUF\">Commonwealth Bank of Australia</a>'s (ASX:CBA) ASB Bank unit, for interim authorization for the group and other parties to collectively negotiate with Evergreen International over cash-in-transit services, according to a Thursday statement by the Commission.</p><p>The Commission said it is continuing to consider NZBA's application for full authorization.</p><p>NZBA also applied for interim authorization to allow it and other parties to negotiate extensions to their existing contracts and to bargain for new agreements with Evergreen, the Commission added.</p><p>NZBA did not immediately respond to MT Newswires' request for comment.</p><p>Shares of ANZ Group Holdings (NZE:ANZ, ASX:ANZ) fell 5% in recent Thursday trade in Australia, <a href=\"https://laohu8.com/S/WBCPI.AU\">Westpac Banking</a> (NZE:WBC, ASX:WBC) dropped 2%, and Heartland Group Holdings (NZE:HGH, ASX:HGH) shed 1%.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NZ ComCom Rejects Interim Authorization for Banking Group, Others to Collectively Negotiate Over Cash-in-Transit Services</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNZ ComCom Rejects Interim Authorization for Banking Group, Others to Collectively Negotiate Over Cash-in-Transit Services\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-11-13 10:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/NZERF\">New Zealand</a>'s Commerce Commission declined an application from the New Zealand Banking Association (NZBA), which includes <a href=\"https://laohu8.com/S/CBAUF\">Commonwealth Bank of Australia</a>'s (ASX:CBA) ASB Bank unit, for interim authorization for the group and other parties to collectively negotiate with Evergreen International over cash-in-transit services, according to a Thursday statement by the Commission.</p><p>The Commission said it is continuing to consider NZBA's application for full authorization.</p><p>NZBA also applied for interim authorization to allow it and other parties to negotiate extensions to their existing contracts and to bargain for new agreements with Evergreen, the Commission added.</p><p>NZBA did not immediately respond to MT Newswires' request for comment.</p><p>Shares of ANZ Group Holdings (NZE:ANZ, ASX:ANZ) fell 5% in recent Thursday trade in Australia, <a href=\"https://laohu8.com/S/WBCPI.AU\">Westpac Banking</a> (NZE:WBC, ASX:WBC) dropped 2%, and Heartland Group Holdings (NZE:HGH, ASX:HGH) shed 1%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ANZ.AU","symbol_name":"ANZ GROUP HOLDINGS LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2583653566","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583653566","pubTimestamp":1763000319,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"New Zealand's Commerce Commission declined an application from the New Zealand Banking Association , which includes Commonwealth Bank of Australia's  ASB Bank unit, for interim authorization for the group and other parties to collectively negotiate with Evergreen International over cash-in-transit services, according to a Thursday statement by the Commission.The Commission said it is continuing to consider NZBA's application for full authorization.NZBA also applied for interim authorization to allow it and other parties to negotiate extensions to their existing contracts and to bargain for new agreements with Evergreen, the Commission added.NZBA did not immediately respond to MT Newswires' request for comment.Shares of ANZ Group Holdings  fell 5% in recent Thursday trade in Australia, Westpac Banking  dropped 2%, and Heartland Group Holdings  shed 1%.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ANZ.AU":"ANZ GROUP HOLDINGS LTD","XJO.AU":"标普/澳交所 200指数","XKO.AU":"标普/澳交所 300指数","HGH.AU":"HEARTLAND GROUP HOLDINGS LTD","BK6139":"房地产运营公司","BK7511":"ESG概念","5GZ.SI":"HGH集团","XAO.AU":"标普/澳交所 普通股指数","BK6110":"房地产经营公司","BK6515":"技术设备股","CBA.AU":"COMMONWEALTH BANK OF AUSTRALIA","WBC.AU":"WESTPAC BANKING CORPORATION","BK7135":"综合性银行"},"translate_title":"新西兰ComCom拒绝银行集团和其他机构就在途现金服务进行集体谈判的临时授权","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANZ.AU":1,"HGH.AU":1,"WBC.AU":1,"XKO.AU":0.71,"5GZ.SI":0.9,"XAO.AU":0.71,"CBA.AU":1,"XJO.AU":0.71},"content_text":"New Zealand's Commerce Commission declined an application from the New Zealand Banking Association (NZBA), which includes Commonwealth Bank of Australia's (ASX:CBA) ASB Bank unit, for interim authorization for the group and other parties to collectively negotiate with Evergreen International over cash-in-transit services, according to a Thursday statement by the Commission.The Commission said it is continuing to consider NZBA's application for full authorization.NZBA also applied for interim authorization to allow it and other parties to negotiate extensions to their existing contracts and to bargain for new agreements with Evergreen, the Commission added.NZBA did not immediately respond to MT Newswires' request for comment.Shares of ANZ Group Holdings (NZE:ANZ, ASX:ANZ) fell 5% in recent Thursday trade in Australia, Westpac Banking (NZE:WBC, ASX:WBC) dropped 2%, and Heartland Group Holdings (NZE:HGH, ASX:HGH) shed 1%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}