Another important change to consumer law that will affect both suppliers and consumers is in the area of buying and selling at auction. Recent changes tighten the rules around auctions that are conducted by auctioneers. The Fair Trading Act defines an auction as: an offer to sell on […] Read More›
Today will be a significant day for Real Estate Licensees as the new amendments to the Fair Trading Act 1986 come into effect. Real Estate Licensees will be required to comply with the Real Estate Agents Act 2008, their Code of Conduct and the new amendments to the Fair Trading […] Read More›
The High Court has this month confirmed the long standing principle of Real Estate Agents entitlement to commissions on the sale of property when a Contract becomes unconditional. In CBRE (Agency) Limited v Martelli McKadam Solicitors Nominee Company Limited [2014] NZHC 805 (16 April 2014) the solicitors for the Vendor […] Read More›
There have been significant changes to the Fair Trading Act 1986 and the Consumer Guarantees Act 1993, the majority of which will come into force on the 18th June 2014. The changes mean a significant increase in consumer protection and provide the Commerce Commission with far reaching investigatory and regulatory […] Read More›