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

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