Releases

Commerce and Consumer Affairs
Wed 29 Jun 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has welcomed the release of the Financial Markets Authority’s (FMA) review of insurance replacement business today. “Transparency is vital for consumers to have confidence in markets and make informed decisions,” says Mr Goldsmith. “Insurance replacement is an area where there has been considerable scrutiny, particularly to determine if ‘churn’ in the life insurance market may be harming consumers.  ...
Commerce and Consumer Affairs
Wed 29 Jun 2016
Commerce and Consumer Affairs Minister Paul Goldsmith has welcomed the release of the Financial Markets Authority’s (FMA) review of insurance replacement business today. “Transparency is vital for consumers to have confidence in markets and make informed decisions,” says Mr Goldsmith. “Insurance replacement is an area where there has been considerable scrutiny, particularly to determine if ‘churn’ in the life insurance market may be harming consumers.  ...
Commerce and Consumer Affairs
Tue 14 Jun 2016
Commerce and Consumer Affairs Minister Paul Goldsmith today announced the appointment of Vanessa Stoddart and the reappointment of Mary Holm to the Financial Markets Authority (FMA) Board. Ms Stoddart has been appointed to the FMA Board for a five-year term and Ms Holm has been reappointed for a further three years. “I am pleased with the wealth of experience these appointments bring,” says Mr Goldsmith. ...
Commerce and Consumer Affairs
Tue 14 Jun 2016
Commerce and Consumer Affairs Minister Paul Goldsmith today announced the appointment of Vanessa Stoddart and the reappointment of Mary Holm to the Financial Markets Authority (FMA) Board. Ms Stoddart has been appointed to the FMA Board for a five-year term and Ms Holm has been reappointed for a further three years. “I am pleased with the wealth of experience these appointments bring,” says Mr Goldsmith. ...
Commerce and Consumer Affairs
Thu 9 Jun 2016
Commerce and Consumer Affairs Minister Paul Goldsmith calls for further submissions on the misuse of market power as part of the government’s targeted review of competition law. “In November the government released an issues paper seeking feedback on whether aspects of the current law protecting consumers from anti-competitive behaviour by businesses are working well,” says Mr Goldsmith. ...
Commerce and Consumer Affairs
Thu 9 Jun 2016
Commerce and Consumer Affairs Minister Paul Goldsmith calls for further submissions on the misuse of market power as part of the government’s targeted review of competition law. “In November the government released an issues paper seeking feedback on whether aspects of the current law protecting consumers from anti-competitive behaviour by businesses are working well,” says Mr Goldsmith. ...
Commerce and Consumer Affairs
Wed 8 Jun 2016
A Bill that introduces a better balanced consumer interests test into the anti-dumping regime has been introduced, Commerce and Consumer Affairs Minister Paul Goldsmith announced today. “The consumer test will weigh up the benefits of at-the-border duties on dumped products and subsidised goods, against the costs to users of the product,” says Mr Goldsmith. ...
Commerce and Consumer Affairs
Wed 8 Jun 2016
A Bill that introduces a better balanced consumer interests test into the anti-dumping regime has been introduced, Commerce and Consumer Affairs Minister Paul Goldsmith announced today. “The consumer test will weigh up the benefits of at-the-border duties on dumped products and subsidised goods, against the costs to users of the product,” says Mr Goldsmith. ...
Budget 2016 | Commerce and Consumer Affairs
Wed 8 Jun 2016
Budget 2016 provides an extra $15.2 million of operating funding over the next four years for the Commerce Commission to better protect consumers and promote competition, Commerce and Consumer Affairs Minister Paul Goldsmith says. “The extra funding means the Commission can actively enforce our recently reformed consumer and credit laws, which gave them more tools and powers to protect consumers from unscrupulous business practices,” Mr Goldsmith says.  ...
Budget 2016 | Commerce and Consumer Affairs
Wed 8 Jun 2016
Budget 2016 provides an extra $15.2 million of operating funding over the next four years for the Commerce Commission to better protect consumers and promote competition, Commerce and Consumer Affairs Minister Paul Goldsmith says. “The extra funding means the Commission can actively enforce our recently reformed consumer and credit laws, which gave them more tools and powers to protect consumers from unscrupulous business practices,” Mr Goldsmith says.  ...
Commerce and Consumer Affairs
Tue 7 Jun 2016
Commerce and Consumer Affairs Minister Paul Goldsmith today announced the approval of a number of changes to the financial markets conduct regime following industry feedback. “These small changes will further improve the regime and provide clarity to industry participants as they transition to the new regime,” says Mr Goldsmith. “The Financial Markets Conduct Act 2013 and associated regulations came into effect on 1 December 2014 and industry participants were given a two year transition period to become fully compliant and licensed. ...
Commerce and Consumer Affairs
Tue 7 Jun 2016
Commerce and Consumer Affairs Minister Paul Goldsmith today announced the approval of a number of changes to the financial markets conduct regime following industry feedback. “These small changes will further improve the regime and provide clarity to industry participants as they transition to the new regime,” says Mr Goldsmith. “The Financial Markets Conduct Act 2013 and associated regulations came into effect on 1 December 2014 and industry participants were given a two year transition period to become fully compliant and licensed. ...