The Ministry of Business, Innovation & Employment is now consulting on proposed changes to how financial products and services are regulated in 3 key areas: consumer credit, financial services conduct and financial dispute resolution.
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The Minister of Commerce and Consumer Affairs Andrew Bayly has now sent a compulsory recall notice to Serene Industries Ltd, requiring it to recall Serene S2068 Bathroom Heaters imported, sold or installed since 16 June 2018.
The Government decided to amend section 99(1A) of the Credit Contracts and Consumer Finance Act (CCCFA).
The Government is reviewing consumer credit law as part of a wider reform process for financial services. This section also includes information about previous reviews of consumer credit law.
Last month the Ministry of Business, Innovation, and Employment (MBIE) published a voluntary recall of Serene S2068 heaters with specific serial numbers. After further investigations by WorkSafe’s Energy Safety team, all Serene S2068 heaters that were imported, sold or installed after 16 June 2018, regardless of serial number are no longer able to be used, sold or installed in New Zealand.
Today marks World Consumer Rights Day, and the Consumer Protection team at the Ministry of Business, Innovation and Employment wants to remind New Zealanders of the protections and guarantees they can expect when purchasing goods and services in New Zealand.
The Minister of Commerce and Consumer Affairs is proactively releasing the titles of documents received from MBIE.
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.
Titles of documents the Minister of Commerce and Consumer Affairs received from MBIE in 2020.
The Ministry of Business, Innovation & Employment (MBIE) and Data Ventures have worked together to produce estimates for monthly unique local and visitor populations in each regional tourism organisation (RTO) in New Zealand.