Commerce and Consumer Affairs – 2021
Titles of documents the Minister of Commerce and Consumer Affairs received from MBIE in 2021.
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Government to introduce safety standards for corded window coverings
The Government has announced that it will introduce new product safety standards for corded window coverings to prevent harm to young children.
Consistency Accountability Statements
Consistency Accountability Statements and associated documents, as required by sections 11, 12, 14, 20 and 21 of the Regulatory Standards Act 2025.
MBIE acknowledges AUT study of asbestos in sand products
The Ministry of Business, Innovation and Employment (MBIE) is aware of the research and provided some funding to Associate Professor Dr Terri-Ann Berry at the Auckland University of Technology to study whether asbestos in sand becomes airborne when the sand is interacted with.
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Fair Trading Act changes
In May 2026, the Government introduced the Fair Trading Amendment Bill to provide a strong deterrent for unfair and misleading conduct, introduced a new ‘safe harbour’ statutory defence to support the takedown of scam websites, and makes changes to enable product safety standards to be kept up to date.
Review of consumer credit law
The Government recently reviewed consumer credit law as part of a wider reform process for financial services. Information about this process, as well as previous reform processes, is accessible below.
2024-26 financial services reforms
The Government has progressed reforms to streamline financial services, with just one bill yet to be passed.
2016 review of Section 99(1A) of the Credit Contracts and Consumer Finance Act 2003
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).
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The Ministry of Business, Innovation and Employment (MBIE) is the Government’s lead business-facing agency. Our contribution to improving the well-being of New Zealanders is summarised in our purpose, to grow New Zealand for all.