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Dr Derek Johnston reappointed to the Commerce Commission

18 October 2024

The Ministry of Business, Innovation and Employment (MBIE) has confirmed that Dr Derek Johnston has been reappointed for a second term as a Commissioner at the Commerce Commission.

Competition regulation

Seeking feedback on applying the consumer data right to banking and electricity

02 September 2024

The government is progressing the development of a ‘consumer data right’ to give individuals and businesses greater choice and control over their data. This is done through the Customer and Product Data Bill, which has been introduced to Parliament and is now before the Economic Development, Science and Innovation Committee.

Energy Financial markets and advisers Consumer protection Government

Government announces plans for water services economic regulation

08 August 2024

The Government has made key decisions on the design of a new regime for economic regulation and consumer protection under Local Water Done Well.

Competition regulation Consumer protection Regulatory systems Regulating companies and other entities Government

Government lifts loan affordability assessment rules

31 July 2024

Prescriptive loan affordability requirements have been removed from Credit Contracts and Consumer Finance Act (CCCFA) regulations.

Financial markets and advisers Regulatory systems Business

Holidays Act update

06 June 2024

The Minister for Workplace Relations and Safety Brooke van Velden has made a progress announcement on fixing the Holidays Act 2003.

Employment regulation Business

MBIE opens consultation on financial services reforms

22 May 2024

The Ministry of Business, Innovation and Employment (MBIE) is seeking feedback on options for streamlining how banks and other financial service providers are regulated by the government.

Financial markets and advisers

Government introduces Bill to modernise insurance law

06 May 2024

On 2 May 2024, the Government announced that it would modernise and improve insurance law so that consumers and businesses can effectively protect themselves against risk.

Consumer protection Business

Government announces package of financial services reforms

22 April 2024

The Government has announced a two-phased package of reforms to streamline financial services.

Financial markets and advisers Dispute resolution Regulatory systems

Government lifts lid on own payment times

12 April 2024

MBIE has launched a new dashboard showing each central government agency’s performance against 10 day invoice payment targets.

Business Government

Government welcomes draft personal banking services report

21 March 2024

The Commerce Commission has published its draft report into personal banking services.

Competition regulation

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