21 Mar 2019
CHIEF EXECUTIVE OF LAND INFORMATION NEW ZEALAND v AGRIA (SINGAPORE) PTE LTD [2019] NZHC 514
- Citation
- [2019] NZHC 514
- Court
- High Court
With liability admitted, the Court applied the Commerce Act pecuniary penalty methodology focusing on deterrence, set starting points reflecting the seriousness of the SEC-related breaches to good character (higher for Mr Lai), applied a 35% discount for early admission, cooperation and remedial steps, and imposed penalties of $100,000 on Agria Singapore and $120,000 on Mr Lai plus a combined $30,000 payment toward monitoring and enforcement costs.