I have notes from the Commerce Commission to the ISI on section 45 of the new Consumer Credit Contracts and Finance Act. While focusing on Consumer Credit, and associated insurance it has some interesting indications about it. The Commission appears to be trying to fix a 'reasonable' level of commission for this business. This appears strange, because the issue is not the level of commission charged to clients per se, it is the total value of the goods sold, and whether that is fair or appropriate in the context of a finance sale.
Indications are that a number of companies are happy to ignore the Commission's guideline and see the level considered 'reaosnable' tested, if necessary.