The Ministry of Business, Innovation and Employment (MBIE) has today confirmed the appointment of 3 new members of the Financial Markets Authority Board, along with the reappointment of a current board member.
We provide advice and support to businesses to help them grow, be more innovative, raise their capability and do business more easily.
The Minister for Workplace Relations and Safety Brooke van Velden has made a progress announcement on fixing the Holidays Act 2003.
New Zealand is a founding member of the International Labour Organization (ILO) which is the key global labour body and source of international labour law.
This page summarises the changes to the consumer credit laws that resulted from the review that took place between 2009 and 2015.
The Government has made law changes to the Credit Contracts and Consumer Finance Act. This follows our 2018 review of the consumer credit law.
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.
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.
The Government has repealed the Business Payment Practices Act 2023.
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