Releases

Commerce and Consumer Affairs
Thu 1 Sep 2016
Commerce and Consumer Affairs Minister Paul Goldsmith officially launched the redeveloped Consumer Protection website today at a forum in Wellington. “The new website makes things easier for consumers,” says Mr Goldsmith. “All New Zealanders can use this website to access straight-forward content about what needs to be done before, during and after purchasing a product or service.” In the past financial year the Commerce Commission received 4,283 complaints under the Fair Trading Act. ...
Commerce and Consumer Affairs
Tue 30 Aug 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has welcomed the European Commission’s announcement to recognise and permit New Zealand regulated auditors to practice in the European Union. “The Financial Markets Authority (FMA) has worked closely with the European Commission over the past two years,” says Mr Goldsmith. “During this time their work has provided reassurance to the Commission that New Zealand’s auditors are among the most professional in the world and can operate across the European Union (EU). ...
Commerce and Consumer Affairs
Thu 25 Aug 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has today released part one of the review into insolvency law, which discusses and sets out recommendations on the regulation of insolvency practitioners and measures to address the harms of voluntary liquidations. “I set up the Insolvency Working Group in November 2015 to conduct an in-depth look into a variety of insolvency law matters. “This is the first of two reports the working group will publish and it has identified a number of areas where our corporate insolvency laws could be improved. ...
Commerce and Consumer Affairs
Thu 11 Aug 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has today called for people to use the drop in the Official Cash Rate (OCR) as a chance to review finances and savings and consider debt reduction. “With the fall in the OCR and possible flow on to mortgage and deposit rates, it is an opportune time to make sure you are making the choices that are right for you. This includes whether or not to consolidate debt, or move around investments. ...
Commerce and Consumer Affairs
Thu 28 Jul 2016
Commerce and Consumer Affairs Minister Paul Goldsmith is encouraging people to have their say on retirement savings and bankruptcy. “Bankrupt persons’ retirement savings are currently given uneven treatment, meaning some bankrupts’ retirement savings are released to repay creditors while other bankrupts are allowed to retain their retirement savings,” says Mr Goldsmith. ...
Commerce and Consumer Affairs
Thu 28 Jul 2016
Commerce and Consumer Affairs Minister Paul Goldsmith is encouraging people to have their say on retirement savings and bankruptcy. “Bankrupt persons’ retirement savings are currently given uneven treatment, meaning some bankrupts’ retirement savings are released to repay creditors while other bankrupts are allowed to retain their retirement savings,” says Mr Goldsmith. ...
Commerce and Consumer Affairs
Mon 25 Jul 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has called for submissions on the reviews of Financial Markets Authority (FMA) funding, the FMA levy, the External Reporting Board levy (XRB) and New Zealand Companies Office fees. “The FMA requires sufficient funding to carry out its statutory responsibilities and maintain confidence in New Zealand’s financial markets,” says Mr Goldsmith. ...
Commerce and Consumer Affairs
Mon 25 Jul 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has called for submissions on the reviews of Financial Markets Authority (FMA) funding, the FMA levy, the External Reporting Board levy (XRB) and New Zealand Companies Office fees. “The FMA requires sufficient funding to carry out its statutory responsibilities and maintain confidence in New Zealand’s financial markets,” says Mr Goldsmith. ...
Commerce and Consumer Affairs
Fri 15 Jul 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has announced three appointments to the Takeovers Panel, the regulator of the corporate takeovers market. The appointments will take effect on 1 October. Andy Coupe, who is currently Deputy Chairperson, has been appointed Chairperson. “Mr Coupe has made a valuable contribution to the Panel over the years with his commercial and capital markets background. The Panel’s work is highly regarded and I am confident this will continue under Mr Coupe’s leadership,” Mr Goldsmith says. ...
Commerce and Consumer Affairs
Fri 15 Jul 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has announced three appointments to the Takeovers Panel, the regulator of the corporate takeovers market. The appointments will take effect on 1 October. Andy Coupe, who is currently Deputy Chairperson, has been appointed Chairperson. “Mr Coupe has made a valuable contribution to the Panel over the years with his commercial and capital markets background. The Panel’s work is highly regarded and I am confident this will continue under Mr Coupe’s leadership,” Mr Goldsmith says. ...
Commerce and Consumer Affairs
Wed 13 Jul 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has announced plans for changes to the Financial Advisers Act (FAA) and the Financial Service Providers Act (FSPA). “The changes come after a comprehensive review, which will simplify regulation, enable advisers to have sensible conversations and encourage more people to seek high quality advice tailored to their needs. ...
Commerce and Consumer Affairs
Wed 13 Jul 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has announced plans for changes to the Financial Advisers Act (FAA) and the Financial Service Providers Act (FSPA). “The changes come after a comprehensive review, which will simplify regulation, enable advisers to have sensible conversations and encourage more people to seek high quality advice tailored to their needs. ...