Clarifying 'supplier' in the Consumer Guarantees Act
Clarifying 'supplier' in the Consumer Guarantees
Act
The Consumer Guarantees (Removal of Unrelated
Party Lender Responsibility) Amendment Bill seeks to amend
the definition of 'supplier' in the current Consumer
Guarantees Act 1993.
This bill aims to clarify when lenders are liable under the Consumer Guarantees Act and when they are not. If a trader and lender are not connected as 'related parties', then the lender would not be liable under the Consumer Guarantees Act.
The bill is now before the Commerce Committee, who are seeking the views of New Zealanders.
The Consumer Guarantees Act 1993
The aim of
the Consumer Guarantees Act 1993 is to contribute to a
trading environment in consumers interests are protected,
businesses compete effectively and consumers and businesses
participate confidently.
Submissions now welcome
The
bill is a member's bill in the name of Dr Shane Reti MP
(National). The closing date for submissions is midnight on
Thursday, 13 October 2016.
Have your say to the Commerce
Committee and tell them what you think
Send your
submission on the bill
For more details about the bill,
visit the Parliament website:
* Read the bill
here
ENDS