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Steel & Tube Fine for False Steel Mesh- The 21st China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
9/13/2019 管材展-鋼管展-steel tube expo-tube &pipe expo |
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Stuff reported that Steel & Tube has had its manifestly inadequate" NZD 1.9 million fine for false claims about its earthquake-grade steel mesh increased to just over NZD 2 million by the High Court. The Commerce Commission appealed the previous fine for being too low. Steel & Tube pleaded guilty last year to 24 representative charges under the Fair Trading Act for making false representations about its steel mesh known as SE62 and passed it off as 500E. The higher 500E steel mesh standard was brought in by the government after the Canterbury earthquakes. It allowed more movement of buildings so foundations do not crack.
Last year Auckland District Court Judge Warren Cathcart fined the company NZD 1.885 million and said its culpability was "grossly negligent The technical manager was not properly supervised. Steel & Tube cannot be permitted to wash their hands of taking responsibility for that negligent oversight … it was Steel & Tube''s responsibility to have proper systems in place to ensure compliance with the standard."
The charges related to conduct between March 1, 2012 and April 5, 2016. They covered 482 batches and about 480,000 sheets of steel mesh, which Steel & Tube sold for about NZD 24 million.
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- The 21st China (Guangzhou ) Int’l tube & pipe Processing Equipment Exhibition
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