The Court of Appeal has recently confirmed the Commerce Commissions decision that loan and other fees charged by lenders based on a general assessment of overall costs is not a correct calculation for the purposes of the Credit Contracts and Consumer Finance Act (CCCFA). The Court of Appeal has stated […] Read More›
Banking & Finance
A recent case before the Taxation Review Authority (“the Authority”) has held that a security contractor who had left New Zealand four years earlier to live and work overseas continued to be a New Zealand tax resident. On the basis of the decision the Authority therefore found the contractor was […] Read More›
A recent settlement between Baycorp and the Commerce Commission has sent a strong message about the importance of adhering to your obligations under the Credit (Repossession) Act 1997 (“CRA”). Under the CRA a lender is prohibited from recovering more than the outstanding balance debt after goods have been repossessed and […] Read More›