September 2002
ANZ Bank fined $7,500 for misleading MasterCard offer: campaign write-off costs $2.3million
19 September 2002
ANZ Bank was fined $7,500 plus $1,130 costs in the Wellington District Court yesterday for breaching the Fair Trading Act in relation to a promotion offering nearly 10,000 of its existing customers an ANZ MasterCard with a pre-approved $5000 limit. In addition, Judge Tuohy acknowledged the bank had to write off $2.3million as a result of the campaign as a whole and had suffered the publicity attached to a prosecution.Relates to: Fair Trading
All bets are off! International co-operation results in successful court action against ex-New Zealander
10 September 2002
International co-operation between the Commerce Commission and its Australian counterpart, the Australian Competition and Consumer Commission (ACCC), has resulted in the successful court action against an ex-New Zealander for breaching the Australian Trade Practices Act 1974. Following admissions by Gold Coast businessman, Robert James Price, the Federal Court in Brisbane has found that he misled consumers and, in one instance, acted unconscionably in connection with the marketing and sale of horse betting software in Australia and New Zealand.Relates to: Fair Trading
Juice industry being squeezed -second prosecution in less than a month
2 September 2002
In the second juice industry prosecution by the Commerce Commission inRelates to: Fair Trading
