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


I’m dreaming of a fairly-priced Christmas

9 December 2019

Sleigh bells may not be ringing much in New Zealand but shopping till bells certainly are, and the Commerce Commission is dreaming of a fairly-priced Christmas for consumers.

“We want consumers to be confident that the price they pay is the price they should be paying this Christmas. For example, businesses need to ensure the price they charge at the till reflects the price displayed, and that all promotional pricing is accurate,” said Commission Chair Anna Rawlings.

“Pricing is not just a Christmas concern for us. We see complaints about it throughout the seasons, and we have lots of advice about pricing for businesses including a tip sheet for promotional pricing,” she said.

In 2017 after Bike Barn was fined $800,000 in relation to misleading discount pricing, the Commission also issued an open letter to retailers which contains information about pricing practices that might breach the law and offering guidance on how to avoid them.

“We’ve also got a useful series of short videos with Christmas shopping tips for consumers, covering online shopping, Christmas sales, refunds and returns, extended warranties, and gift cards,” said Ms Rawlings.

The Commission is also urging consumers to note its top tips for Christmas including:

• Do your price comparison research: find out how much that product was before it went on sale. Then if you're being told it is 50% off you'll know if this is genuine or not

• It's all too easy, especially at Christmas time, to think about the 'now'. If you are borrowing money at this time of year, think about whether you will be able to afford your repayments 6 months down the track. Your creditor/lender should check your financial situation with you.

• Be clear about your rights and obligations under any credit contract you enter into. If you don't understand the contract, don't be pressured to sign it. Get some advice from your local Citizens Advice Bureau or community law centre if you need to.

The Commerce Commission wishes you a very safe and happy holiday season. May your days be merry and bright, and may all your Christmases be fairly-priced.


© Scoop Media

Business Headlines | Sci-Tech Headlines


TradeMe: Property Prices In Every Region Hit New High For The Very First Time

Property prices experienced their hottest month on record in December, with record highs in every region, according to the latest Trade Me Property Price Index.\ Trade Me Property spokesperson Logan Mudge said the property market ended the year with ... More>>

Motor Industry Association: 2020 New Vehicle Registrations Suffer From Covid-19

Chief Executive David Crawford says that like some other sectors of the New Zealand economy, the new vehicle sector suffered from a case of Covid-19. Confirmed figures for December 2020 show registrations of 8,383 were 25% ... More>>

CTU 2021 Work Life Survey: COVID And Bullying Hit Workplaces Hard, Huge Support For Increased Sick Leave

New data from the CTU’s annual work life survey shows a snapshot of working people’s experiences and outlook heading out of 2020 and into the new year. Concerningly 42% of respondents cite workplace bullying as an issue in their workplace - a number ... More>>

Smelter: Tiwai Deal Gives Time For Managed Transition

Today’s deal between Meridian and Rio Tinto for the Tiwai smelter to remain open another four years provides time for a managed transition for Southland. “The deal provides welcome certainty to the Southland community by protecting jobs and incomes as the region plans for the future. The Government is committed to working on a managed transition with the local community,” Grant Robertson said. More>>


University of Auckland: Pest-Free Goal Won’t Be Achieved Without New And Better Tools

New Zealand’s goal to become predator free by 2050 will remain an unrealised dream unless new technologies and advances in social engagement continue to be developed, researchers who first promoted it say. A team from the University of Auckland has ... More>>

OECD: Area Employment Rate Rose By 1.9 Percentage Points In The Third Quarter Of 2020

OECD area employment rate rose by 1.9 percentage points in the third quarter of 2020, but remained 2.5 percentage points below its pre-pandemic level The OECD area [1] employment rate – the share of the working-age population with jobs – rose ... More>>

Economy: Strong Job Ad Performance In Quarter Four

SEEK Quarterly Employment Report data shows a positive q/q performance with a 19% national growth in jobs advertised during Q4 2020, which includes October, November and December. Comparing quarter 4, 2020, with the same quarter in 2019 shows that job ad volumes are 7% lower...More>>

NIWA: 2020 - NZ’s 7th-warmest Year On Record

The nationwide average temperature for 2020, calculated using stations in NIWA’s seven-station temperature series which began in 1909, was 13.24°C (0.63°C above the 1981–2010 annual average). New Zealand’s hottest year on record remains 2016, when... More>>