Commerce and Consumer Affairs Minister Paul Goldsmith today released a discussion document on new consumer credit regulations aimed at improving the information lenders provide to people taking out loans.

“These regulations will mean consumers can get the information they need to make good decisions when borrowing money,” Mr Goldsmith says. 

“I welcome feedback on these proposals from borrowers and lenders to ensure that the regulations provide the intended consumer benefits while minimising compliance costs.”

The Accounting Infrastructure Reform Bill, which passed its third reading in Parliament today, will improve the efficiency and effectiveness of the accounting and audit industries, Commerce and Consumer Affairs Minister Paul Goldsmith says.

Mr Goldsmith says the Bill is part of a package of improvements made as part of the Government’s Business Growth Agenda including the Financial Markets Conduct Act 2013 and the Financial Reporting Act 2013.

Commerce and Consumer Affairs Minister Paul Goldsmith today outlined his commitment to completing and bedding in a suite of legislative and regulatory reforms to make it easier for consumers, investors and businesses to transact with confidence.

“In the coming months I will focus on progressing several key pieces of work which will help support fair, efficient and transparent markets and promote competition, consumer choice and protection.

Money Week offers a great opportunity for Kiwis to improve their financial knowledge, says Commerce and Consumer Affairs Minister Paul Goldsmith.

“Improving financial knowledge is a key focus this week. It is important that we all think about our personal finances so we can make good decisions in the short and long term,” Mr Goldsmith says.

Money Week is a nationwide week of events which runs between13 to 19 October and is organised by the Commission for Financial Literacy and Retirement Income.