Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Council welcomes proposals on unfair business conduct

Press Release: 24 September 2019

Food & Grocery Council welcomes proposals on unfair business conduct

The New Zealand Food & Grocery Council welcomes the Government’s proposals to introduce legislation prohibiting “unconscionable”, or unfair, business conduct and protecting businesses from unfair contract terms.

Chief Executive Katherine Rich says this is a pro-business move and will particularly benefit small food and grocery manufacturers.

“We’ve advocated for many years that New Zealand business law dealing with unfair practices needed to be strengthened and aligned with Australian law. These proposals are well on the way to achieving that.

“There’s no one-size-fits-all solution for small businesses but these proposals will make a huge difference.

“FGC submitted on the proposals in the Government’s discussion document and, like other submitters, provided examples of unfair conduct and contracts our members had experienced, and the impacts, such as negative cash flow, stress, business interruption, reduced profitability, and a reduced ability to focus on growing their business.

“We said such prohibitions should capture only particularly egregious conduct, and that most typical business dealings and behaviour should not be affected, and the Government has listened. These proposals don’t undermine businesses’ ability to compete, participate in robust negotiations, or enter into contracts.

“It was important that whatever changes were made brought us into line with other countries we trade with, and that’s happened, with these proposals being modelled on Australian law.

“There, they have had some form of prohibition on ‘unconscionable conduct’ since 1986, and their Unfair Contract Terms regime was expanded in 2016 to protect small businesses.

“This is particularly relevant, considering the Single Economic Market benefits for New Zealand having law that is more consistent with Australia’s.

“These proposals will also complement the Commerce Commission’s new powers to accept enforceable undertakings and to undertake competition studies, and could lead to reduced costs for businesses, especially small businesses.”

© Scoop Media

Business Headlines | Sci-Tech Headlines


Forest And Bird: Misinformation Circulating On Biodiversity Policy

Forest & Bird is concerned at misinformation circulating regarding a policy statement aimed at protecting New Zealand’s unique biodiversity. The National Policy Statement for Indigenous Biodiversity is being consulted on by the ... More>>


NIWA: Scientists Say Methane Emitted By Humans ‘vastly Underestimated’

NIWA researchers have helped unlock information trapped in ancient air samples from Greenland and Antarctica that shows the amount of methane humans are emitting into the atmosphere from fossil fuels has been vastly underestimated... More>>


SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>


Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>


Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>


NZ First: Launch Of Parliament Petition To Remove Aluminium Dross

This afternoon to a crowd of over 100 people in Mataura -- Mark Patterson, New Zealand First List MP based in Clutha-Southland launched a parliamentary petition regarding the aluminium dross issue in Mataura, Southland. The petition asks that the House ... More>>