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Financial Service Providers (Registration and Dispute Resolution) Act 2008

Dispute resolution - Approval of dispute resolution schemes - Rules about approved dispute resolution scheme

67A: Duty to communicate information about mobile traders

You could also call this:

“Tell the Commerce Commission if you think a mobile trader might be breaking credit laws”

If you’re responsible for an approved dispute resolution scheme, you have an important job to do. You need to tell the Commerce Commission if you think a mobile trader (someone who sells things door-to-door or from a truck) might be breaking the Credit Contracts and Consumer Finance Act 2003 in a big way. This is the law that protects people when they borrow money or buy things on credit.

You don’t need to be absolutely sure that the mobile trader is breaking the law. If you have good reasons to believe they might be, that’s enough for you to tell the Commerce Commission.

When you tell the Commerce Commission about this, it’s treated the same way as if you told them under section 67 of the law. This means it’s an official report and will be taken seriously.

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This page was last updated on

View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS563213.

Topics:
Money and consumer rights > Consumer protection Business > Fair trading
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67: Duty to co-operate and communicate information in certain circumstances, or

"Working together and sharing important information when handling money complaints"

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68: Annual report, or

"A yearly report about how problems were solved is given to an important government person"

Part 3 Dispute resolution
Approval of dispute resolution schemes: Rules about approved dispute resolution scheme

67ADuty to communicate information about mobile traders

  1. The person responsible for an approved dispute resolution scheme (A) must, if A has reasonable grounds to believe that a member that is a mobile trader has contravened or is likely to contravene the Credit Contracts and Consumer Finance Act 2003 in a material respect, communicate that fact to the Commerce Commission.

  2. Communication under this section is treated as if it were communicated under section 67.

Notes
  • Section 67A: inserted, on , by section 66 of the Credit Contracts Legislation Amendment Act 2019 (2019 No 81).