"Rules for fair and honest trading to protect everyone"
This law aims to create a fair trading environment that benefits everyone. It protects you as a consumer and helps businesses compete fairly. The goal is to make you and businesses feel confident when buying, selling, or trading.
The law does this by not allowing certain unfair behaviours in trade. It also encourages fair practices when people and businesses trade with each other. Additionally, the law makes sure that you get important information about the goods and services you might want to buy.
By doing these things, the law tries to make sure that everyone is treated fairly in the marketplace, whether you're buying something or running a business.
"This explains the name of the law and when it started working"
Fair Trading Act 1986
Reprint as at:
2022-08-16
Assent:
1986-12-17
Commencement:
see section 1(2)
The Parliamentary Counsel Office has made editorial and format changes to this version using the powers under subpart 2 of Part 3 of the Legislation Act 2019.
Note 4 at the end of this version provides a list of the amendments included in it.
This Act is administered by the
Ministry of Business, Innovation, and Employment.