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Seeking feedback on applying the consumer data right to banking and electricity 02 September 2024

The government is progressing the development of a ‘consumer data right’ to give individuals and businesses greater choice and control over their data. This is done through the Customer and Product Data Bill, which has been introduced to Parliament and is now before the Economic Development, Science and Innovation Committee.

Energy Financial markets and advisers Consumer protection Government
Government announces plans for water services economic regulation 08 August 2024

The Government has made key decisions on the design of a new regime for economic regulation and consumer protection under Local Water Done Well.

Competition regulation Consumer protection Regulatory systems Regulating companies and other entities Government
Government lifts loan affordability assessment rules 31 July 2024

Prescriptive loan affordability requirements have been removed from Credit Contracts and Consumer Finance Act (CCCFA) regulations.

Financial markets and advisers Regulatory systems Business
Holidays Act update 06 June 2024

The Minister for Workplace Relations and Safety Brooke van Velden has made a progress announcement on fixing the Holidays Act 2003.

Employment regulation Business
MBIE opens consultation on financial services reforms 22 May 2024

The Ministry of Business, Innovation and Employment (MBIE) is seeking feedback on options for streamlining how banks and other financial service providers are regulated by the government.

Financial markets and advisers
Government introduces Bill to modernise insurance law 06 May 2024

On 2 May 2024, the Government announced that it would modernise and improve insurance law so that consumers and businesses can effectively protect themselves against risk.

Consumer protection Business
Government announces package of financial services reforms 22 April 2024

The Government has announced a two-phased package of reforms to streamline financial services.

Financial markets and advisers Dispute resolution Regulatory systems
Government lifts lid on own payment times 12 April 2024

MBIE has launched a new dashboard showing each central government agency’s performance against 10 day invoice payment targets.

Business Government
Government welcomes draft personal banking services report 21 March 2024

The Commerce Commission has published its draft report into personal banking services.

Competition regulation
Business Payment Practices Act repealed 08 March 2024

The Government has repealed the Business Payment Practices Act 2023.

Regulating companies and other entities Business

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