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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Business Payment Practices Act repealed 08 March 2024

The Government has repealed the Business Payment Practices Act 2023.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
Government signals intention to repeal Business Payment Practices Act 2023 22 February 2024

The Government has today announced plans to repeal the Business Payment Practices Act 2023.

Business
Reducing barriers for financial services 01 February 2024

On 31 January 2024, the Government announced plans to reform the Financial Markets (Conduct of Institutions) Amendment Act (CoFI) and the Credit Contracts and Consumer Finance Act (CCCFA).

Financial markets and advisers Competition regulation

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