Unfair commercial practices
The Government is introducing additional protections for businesses and consumers against unfair commercial practices.
Between December 2018 and February 2019, the Ministry of Business, Innovation and Employment (MBIE) consulted on options to introduce new protections against unfair conduct and unfair business-to-business contract terms.
After taking the submissions into consideration, the Government has decided to:
- introduce a prohibition against unconscionable conduct relating to the supply or acquisition of goods or services
- extend the existing protections against unfair contract terms in standard form consumer contract terms to also apply to standard form business contracts with a value below $250,000.
You can read more about the changes in these documents:
The government is currently drafting a Fair Trading Amendment Bill to implement these changes, and intends to introduce this Bill to Parliament by early 2020.