June 2010
Reasons for price increases must not be misrepresented
30 June 2010
The Commerce Commission is reminding businesses of their obligation under the Fair Trading Act not to mislead consumers about the reasons for price increases.
Relates to: Fair Trading
Commerce Commission settles with ANZ and ING over investment funds
22 June 2010
In its largest monetary settlement to date, the Commerce Commission has secured $45 million for thousands of New Zealanders who invested in two funds marketed by ING (NZ) Limited (ING) and ANZ National Bank Limited (ANZN). This settlement follows an investigation into alleged breaches of the Fair Trading Act relating to the marketing and promotion of the funds by ING and ANZN.
Relates to: Fair Trading
1300 broadband customers to get refunds following Commerce Commission investigation
18 June 2010
The Commerce Commission has reached a settlement with Telecom New Zealand Ltd (Telecom) under which Telecom will notify and refund approximately 1300 customers who may have been misled by a broadband promotion it conducted in 2008.
Relates to: Fair Trading, Telecommunications
Car finance company fined for breaching consumer laws
1 June 2010
An Auckland-based car finance company has pleaded guilty to breaching the Credit Contracts and Consumer Finance Act (CCCF Act) and the Fair Trading Act in relation to car loan contracts. Dolbak Finance Limited has been fined a total of $2000 in the Auckland District Court yesterday.
Relates to: Fair Trading, Consumer Credit
