This law applies to companies that work for the New Zealand Government and are involved in trade. You need to know that these companies must follow the rules in the Fair Trading Act. The Government can take these companies to court if they break the rules in Part 5 of the Act, which you can read about by following the link to Part 5.
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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.
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4: Application of Act to the Crown, or
"The law applies to the government when it's buying or selling things."
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).
