The Government is planning to increase fines for breaching the Fair Trading Act - from 600-thousand dollars to five-million.

It is announcing a swathe of changes to crack down on businesses and individuals breaking consumer laws. 

The cases could also be moved from the criminal court to the Civil Court to make prosecution easier. 

Consumer NZ Chief Executive Jon Duffy told Mike Hosking that it is one of the most consequential changes to the act in a generation. 

He says it will be a deterrent for many companies - but $5million is a drop-in-the-bucket for large multi-nationals. 

LISTEN ABOVE

The Government is planning to increase fines for breaching the Fair Trading Act - from 600-thousand dollars to five-million.
It is announcing a swathe of changes to crack down on businesses and individuals breaking consumer laws.&nbsp;
The cases could also be moved from the criminal court to the Civil Court to make prosecution easier.&nbsp;
Consumer NZ Chief Executive Jon Duffy told Mike Hosking that it is one of the most consequential changes to the act in a generation.&nbsp;
He says it will be a deterrent for many companies - but $5million is a drop-in-the-bucket for large multi-nationals.&nbsp;
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

John Duffy: Consumer NZ Chief Executive comments on increased fines for breaching the Fair Trading Act

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/dee66c5a-6fac-4fc4-9016-b39701358a47/transcript

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