The Government has agreed to establish a consumer data right framework for New Zealand, Commerce and Consumer Affairs Minister David Clark announced today.

APEC ministers have agreed working together will be crucial to ensure economies recover from the impact of COVID-19.

A new share trading market, designed as a gateway to the NZX for small-to-medium-sized enterprises (SMEs), has been granted a licence by the Government.

Hundreds of thousands of New Zealanders will be significantly better off in retirement following changes to the default KiwiSaver scheme, Finance Minister Grant Robertson and Commerce and Consumer Affairs Minister David Clark said today.

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay,

Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses approximately $74 million each year.

Commerce and Consumer Affairs Minister David Clark says Aotearoa New Zealand has become the first country in the world to introduce a law that requires the financial sector to disclose the impacts of climate change on their business and explain how they will manage climate-related risks and opportunities.

Consumers seeking financial advice can be assured that their interests will be put first under a new financial advice regulatory regime that comes into effect this week, Commerce and Consumer Affairs Minister David Clark said.

The Government’s Consumer Travel Reimbursement Scheme has helped return over $352 million of refunds and credits to New Zealanders who had overseas travel cancelled due to COVID-19, Consumer Affairs Minister David Clark says.

“The Government has today announced the list of life-shortening congenital conditions that will guarantee early withdrawal under a new KiwiSaver category created last year,” Commerce and Consumer Affairs Minister David Clark said.

The Government is moving ahead with plans to regulate the bank payment system to make merchant service fees on debit and credit card fees fairer and less of a burden for Kiwis and businesses.

The Government is making sure all consumers who borrow money get the same protections, regardless of where they get their loans.

To assist with the ongoing economic recovery from COVID-19, rules allowing affected businesses to put their debt on hold have been extended by 10 months.

The Government has today launched a market study to ensure New Zealanders are paying a fair price for groceries.