9SocialStudies-Fair trading act

What is the Fair Trading Act?   How does it affect me?

Questions

1. What is the Fair Trading Act? The fair trading act exists to to promote fair competition. This means that it lets the consumer know what rights they have if they think that something might be wrong in a business. Businesses and Consumers can take their own legal actions under this act and make a decision through it.
2. What is the commerce commission’s goal? The commerce commission's goal is to let consumers be confident and comfortable with the accuracy of the information when they make a choice.
3. Who besides the commission is responsible for the act and can take their own legal action? Businesses and consumers can take their own legal act under the fair trading act.
4. Who are the two types of groups the act applies to? Consumers and businesses is what this act is aimed at.

Understand your compliance obligations

1. What do the acts apply to? The acts applies to all aspects of the promotion and sale of goods and services.
2. Does it only apply if you intend to deceive?  Explain? It is not relevant that if a business chooses to deceive but if the conduct is likely to deceive.
3. Whose ‘shoes’ must the business put themselves into?The must put themselves in the shoes of their customers.
4. What is the commission empowered to do? The commission is empowered to take enforcement action.

Reporting a business

1. If you need to report a business, how do you do this? You can report a business by going to this link(http://www.comcom.govt.nz/the-commission/making-a-complaint/) and filling in a report form or by calling 0800 943 600. Make sure you read the rights and info about reporting a business.

Know your Rights

http://www.comcom.govt.nz/fair-trading/know-your-rights/

It is important to know your rights as a consumer so you can file a legal complaint and know how to do so. The act is there to help you if you need to know about fair trading and help you understand what you should be getting out of your side of a deal. If you think that something might not be fair and you know about your rights it will be easy and direct rather than not knowing and missing out on a fair trade. Make sure you know your rights to always get a fair deal!