Competition market study into supermarkets
The Government response follows the Commerce Commission’s market study into the retail grocery sector.
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Administrators of financial benchmarks
On 30 August 2019 the Financial Markets (Derivatives Margin and Benchmarking) Reform Amendment Act 2019 received Royal assent. The Act introduces a licensing regime for administrators of financial benchmarks.
Consultation on exposure draft of open banking regulations under the Customer and Product Data Act
MBIE is seeking feedback on exposure drafts of regulations under the Customer and Product Data Act.
Data and modelling
Responsible training data collection and modelling practices support useful, secure and fair artificial intelligence systems.
MBIE announces External Reporting Board appointments
The Ministry of Business, Innovation and Employment (MBIE) today announced the appointment of John Kensington as the new Chair of the External Reporting Board (XRB).
Exploring a consumer data right for the electricity sector
From 29 August to 10 October 2024, MBIE consulted on policy settings for electricity regulations under the Customer and Product Data Act. We received 30 submissions.
Governance and accountability
Clear cross-business lines of oversight and accountability, including across artificial intelligence use or development, enables effective risk management.
Artificial Intelligence strategy and business guidance now available
The Government has released the first New Zealand strategy for Artificial Intelligence (AI) alongside guidance for businesses to invest with confidence in AI.
Artificial Intelligence system specific considerations
There are particular concepts about how Artificial Intelligence works and is used that are important to understand for mitigating any associated risk.
Use and outputs
Having humans-in-the-loop, and understanding how to use artificial intelligence systems effectively and securely, is key to responsible artificial intelligence use and deployment.