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.
Relates to: Fair Trading
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.
Relates to: Fair Trading
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.
Relates to: Fair Trading
