On 7 August 2019 the Minister of Finance and the Minister of Commerce and Consumer Affairs released a discussion paper that sought feedback on proposed changes to KiwiSaver default provider arrangements. The consultation closed on 18 September 2019.
The purpose of this discussion document is to seek feedback on the proposed financial institution licensing fees to apply to licence applications made under the CoFI regime. These fees are proposed to fund the costs the FMA will incur in assessing applications.