2024-25 financial services reforms
The Government is progressing reforms to streamline financial services.
The Government is progressing reforms to streamline financial services.
This page describes the regulatory system for employment relations and standards, its objectives and our qualitative assessment of it. It also lists the main statutes and changes to regulation either proposed or in progress.
The Ministry of Business, Innovation and Employment (MBIE) has approved the registration of Christchurch-based Building Consent Approvals Limited (BCAL) as New Zealand’s first standalone building consent authority (BCA).
In 2024, we sought feedback on telecommunications regulatory issues that may impact businesses and consumers.
In June 2025 we consulted on proposals to introduce or update Minimum Energy Performance Standards (MEPS) and Mandatory Energy Performance Labelling (MEPL) requirements across a range of product classes under the Energy Efficiency (Energy Using Products) Regulations 2002.
Local government water supply and wastewater services are subject to economic regulation under Part 4 of the Commerce Act 1986. This is part of the Government’s Local Water Done Well programme.
Proposed fees and levies are set to recover approximately $42 million annually, considering the proposed increase in budget and any forecast deficit.
Three levies (2 new levies and 1 current levy) with distinct purposes are proposed to recover costs from a group of users across various registers.
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