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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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.
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
MBIE seeking feedback on rules for payment services
With innovations like digital wallets and payment apps rapidly transforming the New Zealand payments market, the Ministry of Business, Innovation and Employment (MBIE) is asking if the rules for payment services are still fit for purpose.
Voluntary recall of potentially asbestos impacted fire doors sold by Pacific Door Systems Limited
The Ministry of Business, Innovation and Employment (MBIE) has been notified that Pacific Door Systems Limited (PDS) has issued a voluntary recall of potentially asbestos impacted fire doors.
Further coloured sand product recalled
Another sand product is being recalled because initial testing has found fibres that are consistent with asbestos.
New protections to help online platforms disrupt scams
Online service providers will soon have greater legal clarity when removing suspected scam content, as part of a new legislative change aimed at reducing scam-related harm.
New Zealand Anti-Scam Alliance launched to strengthen scam prevention efforts
A new cross-sector initiative has been launched to improve New Zealand’s ability to prevent and respond to online financial scams.