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July 2003

Penalties doubled and enforcement powers strengthened by new Fair Trading legislation

23 July 2003

Recent changes to the Fair Trading Act have extended the Commerce Commission's powers to deal with misleading and unfair trading practices by businesses.

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Wizard Home Loans' advertising misleading – Chinese community targeted

15 July 2003

A company named New Aussie Finance Pty Limited, licensed to trade as Wizard Home Loans to the Chinese and Korean communities in the greater Auckland region, has admitted its advertising was misleading and in breach of the Fair Trading Act in a settlement with the Commerce Commission.

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