Articles tagged with Advertising
New Zealand Hikes Penalties for Misleading Advertising to Protect Consumers
2 weeks ago | 98 viewsThe Government plans to significantly increase penalties for breaches of the Fair Trading Act, raising maximum fines to the greater of $5 million, three times the commercial gain, or the transaction value, to better deter misleading advertising and unfair business practices. The reforms will shift most breaches from criminal to civil liability, allowing the Commerce Commission to act on a lower standard of proof, while serious offenses remain criminal, aiming to create a fairer marketplace and protect consumers. These changes follow rising complaints and aim to align New Zealand’s laws with international standards, with legislation expected to pass next year after public consultation.
Tags: Nicola Willis Scott Simpson Government Fair Trading Act Commerce Commission Consumer NZ Pak’nSave Woolworths misleading advertising penaltiesNew Zealand's Medicines Advertising Ban Lifted, Boosting Economic Growth
3 weeks ago | 128 viewsThe Medicines Amendment Bill in New Zealand has lifted the prohibition on advertising medicines at medical conferences and trade shows, signaling the country's readiness for business, according to Regulation Minister David Seymour and Health Minister Simeon Brown. This change is expected to inject cash into local economies through the Red Tape Tipline and provide Kiwis with increased access to needed medicines. The move is projected to generate $90 million in revenue over the next few years, attracting major medical conferences to New Zealand and fostering economic activity.
Tags: Medicines Amendment Bill New Zealand advertising medical conferences trade shows Regulation Minister David Seymour Health Minister Simeon Brown Red Tape Tipline pharmaceutical companies economic growthNew Zealand Parliament Passes Legislation to Scrap Advertising Restrictions, Boosting Local Media Revenue
1 month ago | 172 viewsLegislation passing third reading in Parliament today will eliminate advertising restrictions for broadcasters on Sundays and public holidays, according to Media Minister Paul Goldsmith. The aim is to ensure local media companies are not disadvantaged compared to digital streaming platforms. The change is expected to generate around $6 million annually and is seen as necessary due to the increasing popularity of streaming services like YouTube in New Zealand.
Tags: advertising restrictions broadcasters Sundays public holidays legislation Parliament Media Minister Paul Goldsmith local media companiesGovernment Decisions on Pharmacy Ownership and Medical Advertising in Upcoming Bill
1 month ago | 202 viewsCabinet papers reveal upcoming Medical Products Bill changes including the removal of pharmacy ownership restrictions to enhance access to healthcare. The bill will introduce a supervisory pharmacist role and allow advertising of unapproved medicines under certain conditions. Modernizing advertising regulations will provide better access to medical product information while ensuring consumer safety.
Tags: Casey Costello Government decisions Pharmacy ownership Medical Products Bill Advertising of medicines Supervisory pharmacist Patient safety Pharmacy standards Consumer safety Medical conferences