MBIE hosts New Zealand’s National Contact Point (the NZNCP) for the Organisation for Economic Co-operation and Development (OECD) Guidelines on Multinational Enterprises (MNE guidelines).
The government is progressing work on a consumer data right (CDR) framework for New Zealand and will explore banking as the first sector for this to apply to.
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.
MBIE consulted on an exposure draft of the Consumer Information Standards (Unit Pricing for Grocery Products) Regulations 2023. These draft regulations intend to help consumers compare grocery prices more easily by requiring the consistent display of unit pricing in New Zealand’s major grocery retailers.
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).
In February 2020, the Government announced its decision to introduce changes to improve competition in the retail fuel market. These changes have been implemented.