Telecom has overstated the value of key assets, says the Commerce Commission, making its financial statements unreliable.

The price of many dairy products is set to rise from Monday - but Fonterra says it's not their fault.

Fonterra is being asked to hand over its raw milk price calculations to the Commerce Commission, as it looks into whether a full milk price inquiry is justified.

The Commerce Commission wants to look at potential barriers to end-user uptake of ultra-fast broadband.

Commerce Commission plans to look at the supply of raw milk and manufactured dairy products may also open up the "cosy duopoly" of two big supermarket chains to scrutiny, Green MP Sue Kedgley says.

The Commerce Commission is investigating whether it needs to carry out a full-blown probe of the retail prices charged for milk, despite last week telling Parliament's commerce select committee it would not hold an inquiry into milk prices.

A Wellington diver who made headlines when he mysteriously disappeared from Titahi Bay near Porirua gave an elaborate account of being abducted when he turned up some 300km away two days later.

A man who faked his disappearance on a diving trip then turned up at a Hawkes Bay police station had claimed he'd been sexually assaulted, it emerged today as he pleaded guilty to wasting police time.

Connections to start at an estimated $47 a month.