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Commerce Commission to appeal Steel & Tube sentence- The 20th China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
11/20/2018 管材展-钢管展-steel tube expo-tube &pipe expo |
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New Zealand’s Commerce Commission has filed an appeal against the sentence imposed on Steel and Tube Holdings Limited for false and misleading representations about steel mesh products. The Commission is appealing on the bases that the Judge erred when sentencing the company, by:
• failing to properly attribute the knowledge of a Steel & Tube manager to the company; and
• by not adequately taking into account the size of Steel & Tube and the potential for it to gain from the conduct.
Last month Judge Cathcart imposed a NZD 1.885 million fine on Steel & Tube in the Auckland District Court after the company pleaded guilty to 24 charges under the Fair Trading Act.
Steel & Tube believes the fine is excessive, given the breaches were unintentional and that both the Ministry of Business, Innovation and Employment and the Structural Engineering Society of New Zealand have indicated that homeowners should not be concerned about the safety or ductility of steel mesh in their homes.
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