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Added: Feb 10, 2012
Consumer Affairs Minister Chris Tremain is pleased that the Consumer Law Reform Bill passed its first reading today.
“The Consumer Law Reform Bill is a vital update to New Zealand’s consumer laws and another step towards implementing the Government’s 120-point Economic Development Action Plan,” says Mr Tremain.
“The Fair Trading Act, Consumer Guarantees Act, and other consumer laws are relevant to everyone in daily life. These laws are sound, but have not been updated in over 20 years.
“Therefore, they are not adequately dealing with some modern transactions. The Consumer Law Reform Bill will update consumer laws to better cover Trade Me-style auctions, supermarket self-service systems, telephone sales using credit cards, and the sale of extended warranties.