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Fair Trading media releases

December 2012

Commerce Commission secures $60m for investors in failed Credit SaILS product

18 December 2012

The Commerce Commission has reached a settlement with five companies that concludes its investigation into the failed investment product Credit SaILS. As part of the settlement, the companies have agreed to create a settlement fund of $60 million to be distributed to investors who lost money when Credit SaILS failed in 2008.

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New guidelines for prepaid phone card industry

17 December 2012

The Commerce Commission has issued new guidelines for the prepaid phone card industry following customer complaints that some cards did not deliver the number of calling minutes advertised.

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Don’t promise what you can’t deliver Commission reminds retailers

10 December 2012

The Commerce Commission is reminding retailers of their responsibilities under the Fair Trading Act as the Christmas shopping season gathers pace.

 

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November 2012

Commission launches new guidelines about enforcement responses

23 November 2012

The Commerce Commission has today launched new guidelines to help New Zealanders understand more about how the Commission’s Competition Branch enforces its consumer and competition legislation.

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October 2012

Competition agencies welcome International Cooperation Act

17 October 2012

The New Zealand Commerce Commission (NZCC) and Australian Competition and Consumer Commission (ACCC) are today welcoming the passing of legislation arising out of the Commerce Commission (International Co-operation, and Fees) Act.

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September 2012

Costly error by IAG results in settlement with Commerce Commission

18 September 2012

The Commerce Commission has reached a settlement with insurer IAG New Zealand Limited (IAG) after IAG admitted it may have breached the Fair Trading Act in relation to more than 150,000 insurance policies.

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Kiwifruit pollen not as Kiwi as claimed

11 September 2012

The Commerce Commission has warned kiwifruit pollen supplier Kiwi Pollen (NZ) Limited for potentially misleading its customers about where some of its pollen was from.

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Vodafone pays hefty price for misleading consumers

10 September 2012

Fines imposed against Vodafone New Zealand Limited for breaches of the Fair Trading Act will total close to $1.5 million. Vodafone has been sentenced in the Auckland District Court today on 21 charges brought by the Commerce Commission over marketing campaigns that breached the Fair Trading Act.

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July 2012

Commerce Commission warns Sky TV over possible breach of Fair Trading Act

6 July 2012

A $1 upgrade marketing campaign by Sky Network Television Limited (Sky) has resulted in a warning from the Commerce Commission for potentially misleading customers.

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May 2012

Commission urges tax refund agents to comply with the Fair Trading Act

22 May 2012

The Commerce Commission has put personal tax summary intermediaries (PTSIs) on notice that they may be failing to meet their obligations under the Fair Trading Act.

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April 2012

Update on the Commerce Commission's investigation into Credit Sails

24 April 2012

The Commerce Commission's investigation into the failure of the Credit Sails investment product has reached a point where the Commission is now able to update investors and the public.

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Start-up daily deal website warned for bait advertising under Fair Trading ActNew MediaRelease

12 April 2012

Being unable to supply advertised daily deal vouchers has today earned a start-up Christchurch-based website a warning about bait advertising from the Commerce Commission.  

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March 2012

Commerce Commission cautions playground equipment companies over safety claims

26 March 2012

The Commerce Commission has cautioned children's playground manufacturers and suppliers who say they comply with safely standards that they need to ensure they aren't making false claims. Any false claims would be in breach of the Fair Trading Act 1986.

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Commerce Commission warns Progressive Enterprises over misleading sales claims

23 March 2012

The Commerce Commission has issued a warning to the supermarket company Progressive Enterprises Limited about beer sale promotions that the Commission alleges breached the Fair Trading Act.

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Dulux recalls toy dogs after complaint to Commerce Commission

14 March 2012

The Dulux Group is voluntarily recalling more than 100,000 promotional toy dogs in New Zealand and Australia that may not comply with the New Zealand Product Safety Standards (Toys) Regulations 2005 (the Regulations) for children's toys.

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February 2012

Chrisco fined $175,000 for misleading customers about cancellations

1 February 2012

Christmas hamper company Chrisco Hampers Limited was fined $175,000 in the Manukau District Court today after pleading guilty to breaching the Fair Trading Act by misleading customers about their cancellation rights under the Layby Sales Act.

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January 2012

Commerce Commission issues advice to alternative allergy treatment providers

18 January 2012

The Commerce Commission is urging alternative health providers to review their claims about diagnosing and curing allergies, particularly to food, to ensure they do not breach the Fair Trading Act.

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Commerce Commission dealing with daily deal sites at the source

11 January 2012

The Commerce Commission has stemmed a growing tide of complaints about daily deal and group buying websites with a proactive approach to educating the websites about consumer law.

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