Ryley Fair trading act

What is fair trading?

There are some basic principles that all fair trade goods must abide by. The production of these foods the most common being cocoa, coffee, bananas, tea, and sugar must be free of forced labour or poor working conditions for labourers.

Questions

1. What is the Fair Trading Act? The Fair Trading Act 1986 is a statute of New Zealand. Its purpose is to encourage competition and to protect consumers/customers from misleading and deceptive conduct and unfair trade practices.
2. What is the commerce commission’s goal? The Commerce Commission is a New Zealand government agency charged with enforcing legislation that promotes competition in the country's markets and prohibits misleading and deceptive conduct by traders. 
3. Who besides the commission is responsible for the act and can take their own legal action?

What are the two groups the act applies to?
Businesses and the consumer.

Understand Your Compliance Obligations 

1. What do the acts apply to?
To anyone in trade including overseas that supply goods or services in land within New Zealand

2. Does it only apply if you intend to deceive?
I think yes because the act prevents any kind of false accusations or any misleading information.

3. Whose "shoes" must the business put themselves into?
 I think the business has to put themselves into the commerce commission's shoes because the commerce commission enforces the Fair Trading Act and to do that they must be in reach of the business

4. What is the commission empowered to do?
The commission enforces the Fair Trading Act preventing consumers to buy misleading products or buying it for a high price than it should be.