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Review of December 2021 credit law changes

In 2022, the Minister of Commerce and Consumer Affairs commissioned an investigation into changes to credit laws introduced on 1 December 2021. This has led to further amendments to the Credit Contracts and Consumer Finance Regulations 2004 and the Responsible Lending Code. The first tranche of changes came into force on 7 July 2022, and the second tranche are in force on 4 May 2023.

Community Renewable Energy Fund

The government is committed to supporting community-based renewable energy projects to help households afford and secure the energy they need. This new Fund further supports the government’s effort to enhance resiliency in communities and trial innovative ways to store and distribute locally generated electricity.