11.07.2015 Views

2011 Annual Report - The Commerce Commission

2011 Annual Report - The Commerce Commission

2011 Annual Report - The Commerce Commission

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Table 2: Cases Successfully Disposed Of in <strong>2011</strong>(cont…)Cases Resolved in <strong>2011</strong>Case Number Case Name Issues Part of CCD 2010 ProvisionsBreached<strong>2011</strong>/08/08/BC-FTD/192<strong>2011</strong>/08/10/BC-FTD/193Consumer Svs. CompanyUConsumer Tvs. InstitutionVOn 08-08-11, the <strong>Commission</strong> received a complaint from Consumer Sagainst Company U. <strong>The</strong> complainant informed FCC that she had bought aComputer box from the Respondent for $240.00. She fitted the part into thevehicle and used the vehicle for 3 months and after 3 months, the vehiclehad problems. <strong>The</strong> Complainant contacted 3 mechanics to inspect hervehicle. <strong>The</strong>y advised her that there was a problem with the Computer Box.On that same day she contacted the Respondent for a replacement andwas told that they would not replace or repair the item since their receiptstated “No Returns, No Refund”. FCC mediated the matter and therespondent replaced the Computer Box at a price of $120.On 10-08-11, the <strong>Commission</strong> received a complaint from Consumer Tagainst Institution V regarding the fee of $50.00 charged per transaction.<strong>The</strong> complainant informed FCC that he noticed in the Institution V’s loanstatement that previously the fee per transaction was $10.00 but it has nowincreased to $50.00. <strong>The</strong> complainant informed that there was also anincrease in the interest rate on the same housing loan from 7.25% to8.50%. <strong>The</strong> complainant also has a life insurance policy with Institution Vwhere the premium is increasing annually and it was not discussed by theagent while signing up the policy. FCC formally wrote to Institution Vinforming them of the issue and seeking a response. A response wasreceived, informing FCC that the new fee came into effect on 1 May <strong>2011</strong>,after a full review of bank fees which was approved by the Reserve Bank ofFiji on 18 March <strong>2011</strong>. Institution V complied by the RBF’s disclosurerequirement by advertising the new fee in the local dailies, all their bankbranches and also posted the change on their website to advise the public.Division 1 -Warranty Section 114No Breach of <strong>Commerce</strong> <strong>Commission</strong>Decree 2010Page86of236

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!