Commerce and Consumer Affairs
Commerce and Consumer Affairs Minister Kris Faafoi says consumers will be able to have more confidence in financial advice under new disclosure requirements agreed by Government.
New Zealand’s continued access to key global financial markets is assured after legislation aligning New Zealand’s financial markets law with new international regulations reached its first milestone, Commerce and Consumer Affairs Minister Hon Kris Faafoi says.
The New Zealand Government will closely analyse the outcomes of the Australian Royal Commission but has already committed to ensure consumer interests are protected in the banking and insurance sector.
Two independent advisers will help Commerce and Consumer Affairs Minister Kris Faafoi find the best way for people with life-shortening conditions to withdraw their KiwiSaver funds when they need to retire.
Commerce and Consumer Affairs Minister Kris Faafoi and Minister for Small Business Stuart Nash have today released a discussion paper outlining options to protect consumers and businesses from unfair commercial practices.
Commerce and Consumer Affairs Minister Kris Faafoi says that while main centres make up more than 21,000 of 35,000 Takata alpha airbags still needing to be replaced, he’s concerned that some smaller communities have high numbers of vehicles needing attention.
Commerce and Consumer Affairs Minister Kris Faafoi has welcomed the passing of the Bill enabling market studies, advising the first market study could be confirmed by Christmas as
Commerce and Consumer Affairs Minister Hon Kris Faafoi travels to Canberra today and Melbourne tomorrow for meetings with Australian government Ministers and officials to discuss competition and consumer issues, banking regulation and tax issues relating to superannuation.
Minister of Commerce and Consumer Affairs Hon Kris Faafoi has asked the Prime Minister’s chief science advisor Professor Juliet Gerrard FRSNZ to work with the Ministry of Business, Innovation and Employment to ensure Standards New Zealand’s standard-setting process is robust.