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Financial Markets Authority v IAG New Zealand Ltd [2025] NZHC 2908
The High Court imposed a $19.5 million penalty on IAG New Zealand Ltd for contravening the Financial Markets Conduct Act by making false and/or misleading representations in insurance services, including failures in pricing, discounts, and disclosures.
Financial Markets Authority
Date Added
19 April 2026 at 13:47:57
Why it matters
Sets a significant precedent for enforcement against misleading representations in financial services, including ESG-related product claims and consumer protection.
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