Fair Trading Act 1986
Encyclopedia
The Fair Trading Act 1986 is a statute of New Zealand
. Its purpose is to encourage competition and to protect consumers 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.
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
. Its purpose is to encourage competition and to protect consumers from misleading and deceptive conduct and unfair trade practices.
The Fair Trading Act provides for consumer information standards.
Under the Act, the Commerce Commission
Commerce Commission
The Commerce Commission is a New Zealand government agency charged with enforcing legislation that promotes competition in the country's markets and prohibits misleading and deceptive conduct by traders...
enforces product safety standards on items such as bicycles and flammability of children's night clothing.