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Hon Craig Foss

16 April, 2014

Asia Region Funds Passport initiative progresses

Commerce Minister Craig Foss today released a consultation paper on the Asia Region Funds Passport initiative, which will open up opportunities for cross-border offerings of managed funds.

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10 April, 2014

Loan Shark Bill passes second reading

A Bill that overhauls consumer credit laws to ensure that the interests of consumers are protected has passed its second reading in Parliament today says Consumer Affairs Minister Craig Foss.

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10 April, 2014

Appointments to the Copyright Tribunal

Commerce Minister Craig Foss today announced the appointment of Sarah-Jane Weir to the Copyright Tribunal for a term of three years.

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1 April, 2014

NZ financial markets enter new era

Commerce Minister Craig Foss is welcoming a new era for New Zealand’s financial markets as the Financial Markets Conduct Act comes into force today.

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28 March, 2014

KiwiSaver default providers announced

Commerce Minister Craig Foss today announced the selection of nine KiwiSaver default providers for a seven year term starting 1 July 2014.

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27 March, 2014

Strengthened conduct code for Financial Advisers

Commerce Minister Craig Foss today announced a revised Code of Professional Conduct for Authorised Financial Advisers, which will come into force on 1 May 2014.

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18 March, 2014

Increasing opportunities to watch Kiwi content

Broadcasting Minister Craig Foss has welcomed the NZ On Air Local Content Report released today, showing that Kiwi content makes up more than a third of free-to-view TV schedules.

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17 March, 2014

Loan shark crack-down continues

Commerce Minister Craig Foss has welcomed the Commerce Select Committee report on a Bill that will crack-down on unscrupulous lenders who leave borrowers and their families in a spiral of uncontrolled debt.

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13 March, 2014

Financial Literacy campaign focuses on Pacific communities

Consumer Affairs Minister Craig Foss and Pacific Island Affairs Minister, Peseta Sam Lotu-Iiga welcomed the launch of the 2014 Talanoa campaign. Talanoa encourages Pacific communities to ask for help and seek redress when they have problems with loans.

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13 March, 2014

Changes to financial reporting requirements

Commerce Minister Craig Foss and Revenue Minister Todd McClay today announced that the Financial Reporting Act, which changes financial reporting obligations for most companies, comes into effect on1 April 2014.

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11 March, 2014

Improved online services for businesses

Commerce Minister Craig Foss and Revenue Minister Todd McClay have announced the launch of an integrated Employer Registration service, making it easier for newly-formed companies to communicate with Government.

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11 March, 2014

Government launches NZ Business Number

Economic Development Minister Steven Joyce and Commerce Minister Craig Foss today formally launched the New Zealand Business Number (NZBN) at Xero in Wellington.

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4 March, 2014

Govt cuts red tape for employee share schemes

Commerce Minister Craig Foss has announced an exemption to cut compliance costs for employee share schemes as part of the Financial Markets Conduct Act implementation.

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28 February, 2014

Government responds to incorporated societies report

Commerce Minister Craig Foss today tabled in Parliament the Government’s response to the Law Commission’s report A New Act for Incorporated Societies.

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27 February, 2014

Crowd funding gets green light

Commerce Minister Craig Foss today announced Cabinet has approved regulations for crowd funding and peer-to-peer lending as part of the Government’s financial market overhaul.

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20 February, 2014

Minister welcomes supermarket investigation

Commerce Minister Craig Foss has welcomed a Commerce Commission investigation into alleged anti-competitive conduct in the New Zealand supermarket sector.

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14 February, 2014

Appointment to External Reporting Board

Commerce Minister Craig Foss today announced the appointment of Graeme Mitchell as Chair of the External Reporting Board (XRB) for a five year term.

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12 February, 2014

Sochi 2014 Paralympics to stream live in NZ

Broadcasting Minister Craig Foss has welcomed an announcement that Attitude Pictures has been awarded the online broadcast rights for the Sochi 2014 Paralympic Winter Games.

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29 January, 2014

Copyright Tribunal appointment

Commerce Minister Craig Foss today announced the appointment of Sarah Bacon to the Copyright Tribunal for a term of three years.

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28 January, 2014

Accounting Reform Bill passes first reading

A Bill making the accounting and audit industry more efficient passed its first reading in parliament today.

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18 December, 2013

Standards Council reappointments

Commerce Minister Craig Foss today announced the reappointment of John Lumsden as Chair of the Standards Council, and the reappointment of six members.

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18 December, 2013

Commerce Commission reappointments

Commerce Minister Craig Foss today announced the reappointments of Dr Mark Berry as Chair and Sue Begg as Deputy Chair of the Commerce Commission.

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18 December, 2013

NZ On Air appointments

Broadcasting Minister Craig Foss today announced the appointment of Donna Grant to the board of New Zealand On Air.

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17 December, 2013

Feedback sought on governance of financial products

Commerce Minister Craig Foss has released the second set of draft regulations to bring the Financial Markets Conduct (FMC) Act 2013 into effect.

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13 December, 2013

Television co-production agreement with China progresses

Broadcasting Minister Craig Foss met with Chinese officials negotiating the China-NZ television co-production agreement in China today.

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11 December, 2013

Feedback sought on new patent regulations

Commerce Minister Craig Foss has today released a discussion paper for public consultation on the Patents Act 2013.

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10 December, 2013

Consumer Law Reform Bill passes third reading

A Bill that will strengthen consumer rights, simplify business compliance and ensure consumer protections are clear and accessible has passed its third reading in Parliament today says Consumer Affairs Minister Craig Foss.

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8 December, 2013

Foss to progress TV talks in China

Broadcasting Minister Craig Foss will visit Beijing next week to progress a China-NZ television co-production agreement.

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6 December, 2013

External Reporting Board Appointment

Commerce Minister Craig Foss today announced the appointment of Jane Taylor as a member of the External Reporting Board (XRB) for a five year term.

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5 December, 2013

Kiwi businesses protecting their brands offshore

More than 200 New Zealand businesses have taken advantage of the Madrid Protocol in the 12-months since New Zealand signed up to the international trade-mark treaty announced Commerce Minister Craig Foss today.

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