Current business law work
New Zealand is working with a number of other APEC economies to explore the development of a managed funds passport for the Asia region.
The Government has undertaken a number of reforms in relation to KiwiSaver. These include improving governance and disclosure, and a review of default providers.
In October 2011 the Government introduced the Companies and Limited Partnerships Amendment Bill to strengthen the rules applying to the governance, registration, and reconstruction of companies, and the registration of limited partnerships.
The Financial Advisers Act 2008, which governs the conduct of financial advisers and brokers, will be amended by the passage of the Financial Markets Conduct Bill.
The Financial Markets Conduct Act governs how financial products are created, promoted and sold, and the ongoing responsibilities of those who offer, deal and trade them.
Cabinet had agreed to measures to strengthen the financial service providers registration regime.
The Ministry of Economic Development has been working on the Insolvency Practitioners Bill that will require practitioners to join a new register and meet key criteria in order to practice.
Creating a Single Economic Market (SEM) with Australia will enable businesses, consumers, and investors to conduct operations across the Tasman in a seamless regulatory environment.