Past work and older topics

Review of Franchising Regulation

Following reports of alleged fraud involving franchises, a review of franchising regulation was initiated by the Minister of Commerce.

Securities Disclosure and Financial Advisers Amendment Bill

The Securities Disclosure and Financial Advisers Amendment Bill aimed to provide greater certainty and reduced costs for businesses raising capital during the global financial crisis.

Disclosure of relevant interests by directors and officers

Sub-part 2 of part 2 of the Securities Markets Act 1988 requires directors and officers of a public issuer to disclose relevant interests and dealings in securities of the public issuer and any related body corporate.

Local authorities exemption

In 2008 amendments were made to the Securities Act 1978 to provide local authorities with an exemption from the full disclosure requirements of that act when issuing debt securities to the public.

Trans-Tasman securities

The agreement between the governments of New Zealand and Australia in relation to mutual recognition of securities offerings came into force on 13 June 2008.

Review of financial products and providers

The review of financial products and providers was carried out from 2005 until 2008.

Review of securities trading law

The Review of Securities Trading Law (2002-2008) developed the current provisions of the Securities Markets Act governing insider trading and market manipulation, and disclosure by substantial security holders were developed in this review. The review culiminated in the Securities Markets Amendment Act 2006 (based on the Securities Legislation Bill) and regulations.

Futures exchanges and clearing and settlement systems

The regulatory framework for futures exchanges and clearing and settlement systems has been reviewed to create a more robust legislative framework to meet the expectations of potential international participants and support the introduction of emissions trading markets.

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