For example, in 2013, a number of real estate agencies in Hamilton entered into an agreement to adopt a particular pricing model for real estate listings on Trade Me, a New Zealand website. The Commission considered that as a result of these meetings the agencies entered into price-fixing arrangements in breach of section 30 of the Commerce Act, and issued substantial financial penalties against these agencies. Some of the agencies accepted and paid the penalties, whilst others appealed. In April 2020 the penalties were upheld by the Supreme Court. In total, thirteen companies and three individuals were ordered to pay nearly 23 million in penalties.