MBIE paused the publication of its importer cost and importer margin series between 18 March 2026 and 1 July 2026 in response to increased volatility resulting from the 2026 Middle East conflict. These series have since resumed publication.
Changes have been made to the affordability assessment requirements under the Credit Contracts and Consumer Finance Regulations 2004 (the Regulations) and Responsible Lending Code (the Code). This is in response to the review of the December 2021 changes to the Credit Contracts and Consumer Finance Act 2003.
During early 2022, the Ministry of Business, Innovation and Employment, in collaboration with the Council of Financial Regulators, investigated whether the 1 December 2021 changes to the Credit Contracts and Consumer Finance Act (CCCFA) were having unintended impacts.
Changes were made to section 99(1A) of the Credit Contracts and Consumer Finance Act (CCCFA) in 2019, following a review of this provision. The changes are found in sections 95A and 95B of the CCCFA, which expressly enable a court (on application by the lender) to vary or remove the effect of section 99(1A).
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.