Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

MTA says new laws may change the behaviour of companies

MTA says the Government’s plan for addressing unfair commercial practices is a step in the right direction but is too restrictive on the value of contracts it covers.

The Government today announced it will prohibit conduct that is ‘unconscionable’ – ie far beyond what is commercially necessary or appropriate. It also intends to give business contracts the same protections provided in standard consumer contracts, providing the value of the contract is below $250,000.

MTA Chief Executive Craig Pomare says “Most of the businesses in the motor trades are small companies that fix, fuel, buy, sell and supply parts to the nation’s vehicles. It is not uncommon for the big suppliers to impose quite arbitrary terms in their contracts and allow no, or very little, room for negotiation. This change to the law will require the big national and global suppliers to operate more fairly and openly.”

However, MTA is concerned by the cap of $250,000 saying this is too low for businesses selling new vehicles, buying bulk fuel, or carrying out insurance paint and panel repairs. “These are high-value transactions that are likely to amount to much more than $250,000 per year.”

He says the intent behind the law change may be enough to change the behaviour of those large companies that take advantage of their power. “But if it doesn’t, we would like to see the Commerce Commission resourced to carry out investigations, speak publicly about bad actors, and prosecute when necessary.”


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Our Unreal Optimism About The Economic Impact Of Coronavirus

At this week’s Chinese New Year celebrations, PM Jacinda Ardern was resolutely upbeat that business with China would soon bounce back to normal – better than ever, even - once the coronavirus epidemic has been brought under control. To Ardern, the adversity has only accentuated just how close we are to Beijing Nothing wrong with being upbeat, if it can calm the nerves and turn business sentiment into a self-fulfilling prophecy. The problems begin when the optimism detaches itself from reality. What has been very odd so far about the coronavirus episode is that global share markets – normally spooked by mere sneezes or sniffles in the world’s major economies - have continued to be fairly positive, even as the epidemic has unfolded... More>>

First Published on Werewolf here


 

Gordon Campbell: On The Political Donations Scandals
Even paranoids have real enemies. While there has been something delusionary about the way New Zealand First has been living in denial about its donations scandal, one can sympathise with its indignation about Paula Bennett and Simon Bridges being among its chief accusers. More>>

ALSO:

UN Expert: NZ Housing Crisis Requires Bold Human Rights Response

This is a press statement from UN Special Rapporteur on the right to housing at the end of her 10-day visit to New Zealand. The Government of New Zealand has recognized that the country is facing a housing crisis, said Leilani Farha, UN Special Rapporteur ... More>>

ALSO:

2020 And Beyond: National’s Economic Plan

National Leader Simon Bridges has today outlined National’s economic plan heading into election 2020. “National understands the economy and how it impacts on New Zealanders day to day lives... More>>

ALSO:

Abortion Legislation Committee: Abortion Bill Report Presented To The House

The Abortion Legislation Committee has presented its report on the Abortion Legislation Bill to the House. A copy of the report is available here. The bill seeks to have abortion services provided like other health services... More>>

ALSO:


Auditor-General's Report : Water Management

The Auditor-General’s report Reflecting on our work about water management was presented to the House of Representatives today. Over the last two years we have been looking at how well public organisations are carrying out their water management ... More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels