In December 2015 we consulted on the proposed Accident Compensation Appeal Tribunal. Submissions did not support establishing a Tribunal and it was decided not to progress establishing a specialist appeal tribunal.
In June 2017, the Minister of Commerce and Consumer Affairs appointed a Financial Advice Code Working Group to develop the new code of conduct for financial advice.
We are seeking feedback on the recommendations contained in the Insolvency Working Group’s Report No. 2. This report covers voidable transactions, Ponzi schemes and other corporate insolvency matters. We are also seeking further feedback on an outstanding recommendation from Report No. 1, on whether to introduce a director identification number.
The targeted review of the Commerce Act 1986 began in November 2015 with the release of an Issues Paper. Submissions on the Issues Paper closed on 9 February 2016 and cross-submissions closed on 21 July 2016.