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.


ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:



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>>

ALSO:

Science Media Centre: Flooding could release toxic gas – Expert Reaction

A chemical substance known as ouvea premix stored at an old paper mill in Mataura could release toxic ammonia gas if it comes in contact with water.More>>

ALSO: