Euro Corp fined $361,000 for false steel representations

Euro Corp fined $361,000 for false steel representations
Commerce Commission chair Anna Rawlings is satisfied with the outcome. (Image: Commerce Commission).
BusinessDesk staff
Another company has been handed down a hefty fine for unlawfully saying its steel mesh building products met earthquake safety standards.Steel manufacturer Euro Corporation (Euro) has been fined $361,000 after pleading guilty to 14 charges brought by the Commerce Commission. The regulator alleged the Auckland-based company breached the Fair Trading Act by making false or misleading and unsubstantiated representations for its SE615 steel mesh products, which the company marketed and sold as being earthquake grade steel mesh.The charges rela...

More Law & Regulation

ComCom will try to bring down PayWave, credit card surcharges
Finance

ComCom will try to bring down PayWave, credit card surcharges

Card industry tried to regulate itself, Govt has tried, now it is ComCom's turn.

Arise Church on notice after charities probe
Law & Regulation Investigation

Arise Church on notice after charities probe

Accounts were tagged, and employment complaints were launched.

Denise McNabb 22 Jul 2024
Reinstatement – what are the chances?
Law & Regulation

Rebecca Rendle: Reinstatement – what are the chances?

Whether reinstatement is appropriate will involve closely examining the facts.

Rebecca Rendle 19 Jul 2024
Serato considering all options after ComCom blocked sale
Law & Regulation

Serato considering all options after ComCom blocked sale

ComCom blocked the US$65m sale of Serato to Japanese company.

John Anthony 19 Jul 2024