Fair Trading Act 1986 | |
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New Zealand Parliament | |
An Act to prohibit certain conduct and practices in trade, to provide for the disclosure of consumer information relating to the supply of goods and services and to promote product safety and also to repeal the Consumer Information Act 1969 and certain other enactments. | |
Date of Royal Assent | 17 December 1986 |
Status: Current legislation |
The Fair Trading Act 1986 is a statute of New Zealand. Its purpose is to encourage competition and to protect consumers/customers from misleading and deceptive conduct and unfair trade practices.
The Fair Trading Act provides for consumer information standards. Under the Act, the Commerce Commission enforces product safety standards on items such as bicycles and flammability of children's night clothing.
The Act protects customers from unfair conduct. Unfair conduct has been classified in the act as the following:
Part 2 of the Act also looks at Consumer information. It defines standards and also compliance requirements.
A 2015 amendment increased protection against "unfair contracts".