Recent changes to the Fair Trading Act has given the Commerce Commission the power to challenge “unfair” consumer contracts in court, writes Tom Pullar-Strecker in his latest article for stuff.co.nz.
We think there’ll be action in the next few months, with the Commission most likely to make an early example of a telecommunications firm, a gym, and a car rental company.
There are plenty of business-to-consumer contracts currently in breach of the new law, and the Commission has already signalled it will move quickly to exercise its new powers.
Pullar-Strecker notes our surprise that companies do not appear to be actively amending clauses likely to be found unfair. These companies may soon be receiving some unwanted attention from the Commission.
See the full article by Tom Pullar-Strecker here: Fine print rule change beefs up consumer protection.