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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

Business Payment Practices Act repealed

08 March 2024

The Government has repealed the Business Payment Practices Act 2023.

Regulating companies and other entities Business

Government signals intention to repeal Business Payment Practices Act 2023

22 February 2024

The Government has today announced plans to repeal the Business Payment Practices Act 2023.

Business

Reducing barriers for financial services

01 February 2024

On 31 January 2024, the Government announced plans to reform the Financial Markets (Conduct of Institutions) Amendment Act (CoFI) and the Credit Contracts and Consumer Finance Act (CCCFA).

Financial markets and advisers Competition regulation

Repeat offender permanently banned by Registrar of Companies

23 November 2023

Raymond Anthony Andrews permanently prohibited from management of a company.

Regulating companies and other entities

New Grocery code of conduct mandatory for suppliers

11 September 2023

The Government announced a new mandatory Grocery Supply Code of Conduct supporting fairer trading relationships last week.

Competition regulation

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