Legal Updates

Record $1.885M Fair Trading Act fine

Nov 6, 2018 1:49:13 PM

A steel mesh manufacturer has received the largest ever finesteel frame construction building shutterstock_113187925 (2) imposed under the Fair Trading Act ($1.885M) for making false and misleading misrepresentations about steel mesh products used in earthquake strengthening. The company was convicted of 24 FTA breaches for having falsely represented to customers that the mesh had been tested to comply with relevant standards. The penalty was discounted from $2.9M due to the company's cooperation with investigators.

 

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Topics: Consumer