Parking firm to pay $500K

Wellington: Wilson Parking has agreed to sell the leases of three car park buildings it runs in Wellington and pay the Commerce Commission $500,000 after being investigated for anticompetitive behaviour.

Wilson acquired the lease for the Capital car park in Boulcott St in 2016 without signoff from the commission despite it already operating other car parks in the area.

The commission began receiving customer complaints about parking price hikes in 2017 and filed High Court proceedings the following year, alleging Wilson Parking substantially lessened competition for the supply of car parking in the Boulcott St area.

Commission chairwoman Anna Rawlings said the proceedings were now resolved. — RNZ