Open banking regulations now in force
ANZ, ASB, BNZ and Westpac are required to have open banking systems live from today.
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New one-stop shop to speed up supermarket builds
The Government has signed an agreement with Christchurch City Council to manage building consents for new supermarkets all over New Zealand.
Two further recalls for asbestos contaminated coloured sand products
Further testing has identified more coloured sand products have returned positive results for asbestos.
Changes to the Fair Trading Act
The Government has announced decisions to increase maximum penalties for breaching the Fair Trading Act 1986.
Scammers defraud Kiwis of $265 million in 12 months
Kiwis have lost a gross total of $265 million to fraud over the last 12 months with fraudsters and scammers using innovative methods to prey on vulnerable people.
Fair Trading Act changes
The Government is amending the penalties for breaching the Fair Trading Act 1986 to provide a strong deterrent for unfair and misleading conduct, and making changes to enable product safety standards to be kept up to date. These changes aim to better protect consumers and provide businesses that trade fairly with a level playing field.
Recall of EC Rainbow Sand and Creatistics – Coloured Sand (1.3kg) due to potential asbestos contamination
The Ministry of Business, Innovation and Employment (MBIE) has been notified that a voluntary recall is underway for recall of EC Rainbow Sand (1.3kg) and Creatistics – Coloured Sand (1kg) due to potential asbestos contamination
Gene technology regulation
New Zealand’s gene technology rules are being updated to match scientific and technological advancements.
Fast-tracking supermarkets
The Government has introduced the Fast-track Approvals Amendment Bill to make it easier and faster for new supermarkets to be built.