Releases from the Minister
Read the latest press releases from the Minister of Commerce and Consumer Affairs.
Found 49 results. Displaying page 1 of 3
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New Zealand has become the first country in the world to pass a law that will ensure financial organisations disclose and ultimately act on climate-related risks and opportunities, Commerce and Consumer Affairs Minister Dr David Clark and Climate Change Minister James Shaw today announced today (21 OCTOBER 2021).
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/nz-passes-world-first-climate-reporting-legislation/
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The Bill to help lower the cost of the fees retailers get charged for offering contactless and debit payment options is another step closer to becoming law, Commerce and Consumer Affairs Minister Dr David Clark said today (11 OCTOBER 2021).
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/lower-card-fees-good-for-businesses-consumers/
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The latest KiwiSaver Annual Report from the Financial Markets Authority (FMA), highlights how Government’s recent policy tweaks have positively benefitted New Zealanders, Commerce and Consumer Affairs Dr David Clark said today (28 SEPTEMBER 2021).
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/latest-kiwisaver-annual-report-shows-promising-benefits-for-members/
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Hundreds of thousands of New Zealanders will be significantly better off in retirement following changes to the default KiwiSaver scheme, Finance Minister Grant Robertson and Commerce and Consumer Affairs Minister David Clark said today (14 MAY 2021).
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/kiwisaver-default-provider-scheme-improvements-slash-fees-boosts-savings/
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Commerce and Consumer Affairs Minister David Clark has today announced the Government’s next steps to reduce merchant service fees, that banks charge businesses when customers use a credit or debit card to pay, which is estimated to save New Zealand businesses approximately $74 million each year.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/govt-to-deliver-lower-card-fees-to-business/
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Commerce and Consumer Affairs Minister David Clark says Aotearoa New Zealand has become the first country in the world to introduce a law that requires the financial sector to disclose the impacts of climate change on their business and explain how they will manage climate-related risks and opportunities.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/nz-becomes-first-in-world-for-climate-reporting/
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Hon Dr David Clark issued a media release confirming the start of the new financial advice regime. The new financial advice regulatory regime puts the interests of consumers first.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/new-financial-advice-rules-will-put-consumers-first/
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“The Government has today announced the list of life-shortening congenital conditions that will guarantee early withdrawal under a new KiwiSaver category created last year,” Commerce and Consumer Affairs Minister David Clark said.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/government-announces-list-of-life-shortening-conditions-guaranteeing-early-kiwisaver-access/
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The Minister released that the Government is moving ahead with plans to regulate the bank payment system to make merchant service fees on debit and credit card fees fairer and less of a burden for Kiwis and businesses.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/lower-card-fees-to-benefit-kiwis-and-small-businesses/
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The New Zealand Government announced additional funding being made available to strengthen existing debt solution services with access to debt specialists, and develop a national approach to address problem debt Minister for Social Development Carmel Sepuloni and Minister for Commerce and Consumer Affairs Hon Kris Faafoi announced today.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/combating-debt-in-the-wake-of-covid-19/
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The Minister of Commerce and Consumer Affairs, Kris Faafoi, has signalled an end is in sight for high-cost lenders and truck shops who trap vulnerable people in debt.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/government-makes-further-inroads-on-predatory-lenders/
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The New Zealand Government is fast-tracking measures to protect people in financial hardship from high-cost loans that trap them in debt. Read the release from the Hon Kris Faafoi here.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/government-fast-tracks-new-protections-against-loan-sharks-due-to-covid-19/
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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.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/default-kiwisaver-changes-support-more-responsible-investment/
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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.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/important-step-for-new-financial-conduct-regime/
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The Government is now considering the recommendations of the Retirement Commissioner’s review into New Zealand’s retirement income policies.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/government-considers-retirement-income-policy-review-recommendations/
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New Zealand consumers will have greater certainty about their insurance cover when they need to make claims as a result of proposed government changes.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/insurance-contracts-to-become-easier-to-understand-and-fairer-for-consumers/
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The Minister increases FMA's litigation fund to strengthen enforcement capability
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/4-million-increase-in-fmas-litigation-fund-to-strengthen-enforcement-capability/
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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.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/new-financial-conduct-regime-makes-banks-and-insurers-treat-their-customers-fairly/
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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.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/life-insurers/
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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.
http://fma.cwp.govt.nz/news-and-resources/releases-from-the-minister-of-commerce/capital-markets-2029/
