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Unfair Commercial Practices

Business Central and Wellington Chamber of Commerce Submission

Issue date

The fundamental problem definition of the harm these policy proposals seek to mitigate is
not substantiated. These questions have been discussed over a long period of time under
successive governments. If a clear case for change has not been made by now, we question
whether it will ever be made in the current business climate. Governments are not able to
protect parties to a contract from every possible harm, even trying to do so would result in a
severe restriction on freedoms and a loss of dynamism in our economy. Firm negotiating or
protecting a commercial position are in no way unfair practices. Even if the government
does decide to proceed with some legislative changes, we urge prioritising the minimisation
of unintended consequences and minimising distortions in the economy. We submit that
the policy proposals set out.

Download to read the full submission.

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