The Commerce Commission has been advised that court proceedings have been filed against Commissioner Donal Curtin, relating to his private role as an investment adviser.
These are further to proceedings filed in the Auckland High Court last year on similar matters, and are issued by private parties.
Until all of the proceedings are resolved, Mr Curtin has been allocated to tasks that do not involve him in decision-making related to enforcement actions under either the Fair Trading Act or Credit Contracts and Consumer Finance Act. Other steps are being taken to ensure that conflicts of interest will not arise.
The legal actions relate to Mr Curtin’s former role as a consultant to Vestar Financial Services.