This law talks about how the Fair Trading Act 1986 applies to certain government organisations in New Zealand.
You should know that this Act applies to any organisation that is part of the New Zealand government and is involved in trade. These organisations are called Crown corporations.
If one of these Crown corporations does something wrong under this Act, they can be taken to court. This is allowed even if other laws or rules might say they can’t be.
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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=DLM96493.
4: Application of Act to the Crown, or
“The government must follow fair trading rules when doing business”
5A: No liability under Act if not liable under Securities Act 1978 or Securities Markets Act 1988, or
“You can't get in trouble under this law if you didn't break other money rules, but this rule doesn't exist anymore”
This Act applies to every body corporate that is an instrument of the Crown in respect of the Government of New Zealand engaged in trade.
Notwithstanding any enactment or rule of law, proceedings under Part 5 may be brought against a body corporate referred to in subsection (1).
