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Responsible debt collection code welcomed • Autotalk

Responsible debt collection code welcomed • Autotalk
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Business.Scoop » Minister Welcomes Responsible Debt Collection Code

Business Scoop provides news and views on Business and Markets from New Zealand ....

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Minister Welcomes Responsible Debt Collection Code

The Financial Services Federation (FSF) has launched the Responsible Debt Collection Code, formalising its members’ commitment to ethical standards of debt collection practices that go beyond what is required of them by law. The FSF is the industry . ....

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Buy now pay later schemes leaving young Kiwis 'over-indebted' - academic

New research shows young adults are taking on dangerous amounts of debt through buy now pay later schemes. ....

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Govt enforcing fair conditions for supermarket suppliers

New supply code prohibits abuse of power by supermarkets over suppliers Supermarket duopoly must pay on time and treat suppliers fairly Penalties include the greater of 3% of turnover or $3 million for breaches of new code Grocery Commission to act as watchdog to enforce new rules Big supermarket chains face stiff fines for not treating small suppliers fairly, thanks to the Labour Government's new Grocery Code of Conduct, says Commerce and Consumer Affairs Minister Duncan Webb. "The big supermarket chains have not been treating local suppliers fairly - they have been taking advantage of their dominance and imposing unreasonable terms and conditions. We are calling time on their poor behaviour," Duncan Webb said in launching the code in Christchurch today. "The new code requires large corporates to do things like pay on time, have plain-English supply contracts and deal with small companies in good faith. "It's entirely reasonable and hardly too much to ask. ....

North Island , South Island , Pierre Van Heerden , Duncan Webb , Consumer Affairs , Commerce Commission , Labour Government , Grocery Code , Consumer Affairs Minister Duncan , Woolworths New Zealand , Countdown Brand , Foodstuffs North Island , New World , Four Square , Grocery Commissioner Pierre , Grocery Industry Competition Act , Grocery Commissioner , Grocery Supply Code , New Supply Code Prohibits Abuse Of Power By Supermarkets Over Suppliers Supermarket Duopoly Must Pay On Time And Treat Fairly Penalties Include The Greater 3 Turnover Or Million For Breaches Grocery Commission To Act As Watchdog Enforce Rules Big Chains Face Stiff Fines Not Treating Small , Hanks To The Labour Government 39s New Grocery Code Of Conduct , Ays Commerce And Consumer Affairs Minister Duncan Webb Quot The Big Supermarket Chains Have Not Been Treating Local Suppliers Fairly They Taking Advantage Of Their Dominance Imposing Unreasonable Terms Conditions We Are Calling Time On Poor Behaviour , Uot Duncan Webb Said In Launching The Code Christchurch Today Quot New Requires Large Corporates To Do Things Like Pay On Time , Ave Plain English Supply Contracts And Deal With Small Companies In Good Faith Quot It 39s Entirely Reasonable Hardly Too Much To Ask Local Suppliers Have Been Stretched Fora Long Time , Nd That 39s Stifled Innovation And The Development Of Our Food Supply Chain Quot Establishing This Grocery Code Conduct Is Another Critical Step In Government Reform Sector To Make It Fair For Consumers Suppliers Agreed Week , He Code Will Initially Apply To The Two Big Supermarket Chains , Oolworths New Zealand Including The Countdown Brand And Foodstuffs North Island South Pak 39n Save ,