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Trade Practices Compliance Policy

1.0       Purpose:
Safety and Apparel’s Commitment
Safety and Apparel will conduct its business honestly and ethically wherever we operate in the world. We wIll constantly improve the quality of our services, products and operations and will create a reputation for honesty, fairness, respect, responsibility, integrity, trust and sound business judgment. The ethical performance of this company is the sum of the ethics of the men and women who work here. Thus we are all expected to adhere to high standards of personal integrity.
Safety and Apparel Limited is committed to the observance of all laws and the highest ethical standards. Compliance with the Consumer Guarantees Act 1993 (the Act) and New Zealand and Australian Standards and /or equivalents is a critical element of this commitment. The Directors has confirmed Safety and Apparel’s commitment to trade practices compliance by approving and issuing this policy.
2.0       Description:
Who does this policy apply to?
References in this policy applies to all Safety and Apparel’s personnel including directors, employees, contractors and consultants who act for us within all sectors, regions, areas, and functions.
What does this policy cover?
This policy is designed to facilitate Safety and Apparel’s compliance with its legal and regulatory obligations under the Act and maintenance of high standards and Safety and Apparel’s reputation as a good corporate citizen. The purpose of the Act is to enhance the welfare of New Zealanders through the promotion of competition and fair trading and provision for consumer protection. The Act regulates how persons conduct business and deals with almost all aspects of the marketplace, including the relationships between suppliers, wholesalers, retailers, competitors and customers.
It does this by prohibiting specific types of conduct such as:
  • misleading or deceptive conduct and false or misleading representations about goods or services;
  • supplying goods that do not comply with mandatory safety or information standards that apply under the New Zealand Consumer Law;
  • engaging in specific types of restrictive trade practices (e.g. anti-competitive agreements; price fixing; boycotts; resale price maintenance; third line forcing and misuse of market power).
What is our strategy for ensuring compliance?
Safety and Apparel’s commitment to ensuring it meets all of its obligations under the Act includes the development, implantation and maintenance of a trade practices compliance program designed to:
  • prevent, identify and rectify any potential contraventions of the Act;
  • ensure awareness of Safety and Apparel’s responsibilities and obligations in relation to relevant provisions of the Act;
  • be consistent with the Australian Standard on Compliance Programs (AS3806: 2006), subject to being tailored to Safety and Apparel’s circumstances;
  • assist Safety and Apparel to continue to be a good corporate citizen. Safety and Apparel strives to be an organisation where:
  • our people demonstrate commitment to trade practices compliance;
  • we have useful systems and procedures to support and assist us to comply with the Act;
  • we provide interesting, effective and ongoing training on our responsibilities and obligations arising under the Act;
  • our personnel are held accountable for their performance and their conduct.
What is expected of you?
Safety and Apparel is committed to giving our personnel appropriate resources by way of systems, training, and support to enable them to meet their obligations and avoid liability and loss to themselves and the business. Safety and Apparel personnel are required to comply with all aspects of our Trade Practices Compliance Program and make proper use of the systems, training, and support provided by the business to meet their legal obligations and avoid liability and loss to Safety and Apparel and themselves. All Safety and Apparel personnel must observe the spirit and the letter of the law and exercise high standards of ethical conduct when actng on behalf of Safety and Apparel or performing any duties for Safety and Apparel.
Companies and individuals that engage in conduct in contravention of the Act even if those contraventions are innocent or unintentional, may be exposing themselves to penalties and fines, damages, Court orders and other serious consequences. Safety and Apparel will take action internally against any persons who are knowingly or recklessly concerned in a contravention of the Act and will not indemnify them. Deliberate non-compliance with the Act will not be tolerated and may result in dismissal.
Safety and Apparel will not act to the detriment of any employee as a consequence of them raising with management in good faith any breach of law or any violation of Safety and Apparel’s principles or values or any other legal or ethical concerns.