Displaying 1 - 24 of 95 results.

New Zealand will temporarily remove tariffs on all medical and hygiene imports needed for the COVID-19 response.

The Government has asked the Commerce Commission to take account of the exceptional circumstances created by COVID-19 when monitoring business behaviour in coming weeks.

New Zealanders’ savings in KiwiSaver default funds will soon exclude investment in fossil fuels, the Ministers of Finance and Commerce and Consumer Affairs announced today.

Clear requirements for ensuring customers are treated fairly by banks, insurers and other financial service providers are included in new financial conduct legislation that passed its first reading today.

The Government is now considering the recommendations of the Retirement Commissioner’s review into New Zealand’s retirement income policies.

"Today is World Braille Day and I am delighted to announce that an international treaty giving blind and low vision New Zealanders access to books and literary works comes into force today,” Minister for Disability Issues Carmel Sepuloni announced today.

Unfair business practices are being targeted in new legislation introduced to Parliament.

The days of vulnerable consumers falling victim to loan sharks, truck shops and other predatory lenders are numbered, following the Credit Contracts Legislation Amendment Bill passing its third reading tonight.

Consumers will benefit from a more competitive, transparent retail fuel market as a result of changes the Government will be making in response to the findings of the Commerce Commission’s study of the fuel sector.

New Zealand consumers will have greater certainty about their insurance cover when they need to make claims as a result of proposed government changes.

96 per cent of New Zealand-new vehicles with Takata Alpha airbags have been replaced, moving the compulsory recall into the final stage to capture the remaining airbags, says Commerce and Consumer Minister Kris Faafoi.

New rules to clamp down on overzealous wheel clamping and extortionate fees charged in order to release a vehicle have passed their final stage in Parliament today.

Changes to insolvency law announced by the Government today will include requirements to honour up to 50 per cent of the value of gift cards or vouchers held by consumers, Commerce and Consumer Affairs Minister Kris Faafoi says.

Commerce and Consumer Affairs Minister Kris Faafoi has today announced the appointment of Jane Wrightson as Retirement Commissioner.

The Government is increasing the Financial Markets Authority’s litigation budget by $4 million for 2019/20 to ensure the regulator has access to the resources required to bring legal proceedings when it needs to.  

Customers can expect fairer treatment from banks, insurers and other financial service providers as the Government moves to introduce a new regime to regulate financial conduct, Commerce and Consumer Affairs Minister Kris Faafoi said today.

Commerce and Consumer Affairs Minister, Kris Faafoi, and Minister for Small Business, Stuart Nash, have today announced new measures to better protect businesses and consumers from unfair commercial practices.

The Minister of Commerce and Consumer Affairs says a number of life insurers still need to lift their game after an underwhelming response to the Reserve Bank of NZ (RBNZ) and Financial Markets Authority (FMA) conduct and culture review.

Commerce and Consumer Affairs Minister, Kris Faafoi, says key areas of opportunity have been highlighted in a report released today to ensure New Zealand’s capital markets continue to support sustainable economic growth.

Commerce and Consumer Affairs Minister Kris Faafoi has today confirmed the appointments of Sue Chetwin and Michael Stiassny as new members of the Financial Markets Authority (FMA) Board.

The Government is adding new rules around high cost short term lending to protect consumers from punishing debt at the hands of loan sharks.

Financial markets legislation which has passed its third reading in Parliament will contribute to a well-functioning economy by providing New Zealand with continued access to foreign markets, Commerce and Consumer Affairs Minister Kris Faafoi said.

The Government is changing the KiwiSaver rules so that people with congenital life-shortening conditions can withdraw their savings when they retire, Commerce and Consumer Affairs Minister Kris Faafoi announced today.