News and releases

The Ministry of Business, Innovation and Employment has issued the following statement today.

The Government has agreed to introduce changes to improve competition in the retail fuel market following the Commerce Commission’s report into the retail fuel market. The changes will be introduced through a Fuel Industry Bill.

We’re asking small businesses what they think of two proposals which aim to improve business-to-business payment practices in New Zealand.

Amendments to the Fair Trading Act 1986 were read for the first time in Parliament yesterday.

Consultation has opened on funding options and levies to enable the Financial Markets Authority (FMA) to regulate the new financial advice regime and respond to cost pressures within its current remit.

More detail about the business support for affected businesses in the aftermath of the Whakaari/White Island volcanic eruption in Whakatāne has been released today by the Ministry of Business, Innovation and Employment (MBIE).

The Government has introduced a Fair Trading Amendment Bill to Parliament. The Bill provides new protections for businesses and consumers against unfair commercial practices.

The Government has responded to the Commerce Commission’s retail fuel sector market study. The Commission studied factors that may affect competition in New Zealand’s retail fuel market, and made recommendations aimed at improving competition, and outcomes for consumers, in the fuel sector.

The Government is backing the recommendations in the Small Business Council’s Strategy and has unveiled 3 initiatives to begin implementing.

The Government is seeking feedback on possible options to address the vulnerability some contractors face in the workplace.