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MED News
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19 May 2014

Craig Foss | Commerce

Commerce Minister Craig Foss is welcoming feedback on the content of financial product disclosure statements. The third exposure draft of regulations under the Financial Markets Conduct Act 2013 was today released for public consultation. “The Government is continuing to drive a cultural change within the finance sector with a renewed focus on simple, meaningful and more accessible information for investors,” Mr Foss says. ...

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14 May 2014

Nick Smith | Budget 2014

Duties on plasterboard, reinforcing steel bar and wire nails and tariffs on building products like roofing, cladding, insulation, paints, electrical and plumbing fittings will be removed temporarily to increase competition and improve housing affordability. “Reducing the costs of building materials is an important part of the Government’s programme to improve housing affordability,” Housing Minister Dr Nick Smith says. ...

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8 May 2014

Amy Adams | Communications and Information Technology

Whangarei has today become the first city in New Zealand to be fully-fibred under the Government’s Ultra-Fast Broadband initiative, Communications and Information Technology Minister Amy Adams has announced. Ms Adams today joined Prime Minister John Key at Manaia View School in Whangarei - the place where the UFB initiative first kicked off in December 2010 - to celebrate the completion of the project. ...

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1 May 2014

Craig Foss | Commerce

Commerce Minister Craig Foss today announced appointments to the Commerce Commission and Financial Markets Authority (FMA). Anna Rawlings joins the Commerce Commission in early June and will bring extensive experience in competition law, industry regulation, and consumer protection.  “Her appointment is particularly timely given changes to consumer legislation which the Commission will be implementing,” says Mr Foss.  ...

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25 April 2014

Amy Adams | Communications and Information Technology

Communications and Information Technology Minister Amy Adams today leaves for Estonia for the Freedom Online Coalition conference in Estonia, and meetings in London. The conference is a cross-regional grouping of 22 governments, including Canada, the United Kingdom and the United States, committed to protecting free expression on the Internet. ...

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16 April 2014

Craig Foss | Commerce

Commerce Minister Craig Foss today released a consultation paper on the Asia Region Funds Passport initiative, which will open up opportunities for cross-border offerings of managed funds. The consultation paper is seeking feedback on detailed rules for the regime, such as investment and portfolio allocation restrictions. It has been prepared in conjunction with Australia, Korea, Singapore, Thailand and the Philippines ...

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15 April 2014

Amy Adams | Communications and Information Technology

All twelve rural schools in remote locations around Gisborne and Wairoa now have faster broadband, as a result of the Government’s broadband initiatives, Communications and Information Technology Minister Amy Adams announced today. Local communications company Gisborne Net has successfully completed the installation of point-to-point wireless broadband for the 12 schools, under a contract signed with the Government last year. ...

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10 April 2014

Craig Foss | Consumer Affairs

A Bill that overhauls consumer credit laws to ensure that the interests of consumers are protected has passed its second reading in Parliament today says Consumer Affairs Minister Craig Foss. “The Credit Contracts and Financial Services Law Reform Bill will require lenders to act responsibly and ensure consumers are given all the information they need to make sound borrowing decisions,” says Mr Foss. ...

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9 April 2014

Craig Foss | Commerce

Commerce Minister Craig Foss today announced the appointment of Sarah-Jane Weir to the Copyright Tribunal for a term of three years. “The breadth of Ms Weir’s expertise in a range of areas, particularly technology and telecommunications will make her an asset to the Tribunal,” says Mr Foss. Ms Weir will join Professor Susy Frankel (chairperson), Paul Sumpter, Peter Dengate-Thrush, Jane Glover and Sarah Bacon as the current Tribunal members. ...

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31 March 2014

Craig Foss | Commerce

Commerce Minister Craig Foss is welcoming a new era for New Zealand’s financial markets as the Financial Markets Conduct Act comes into force today. The once-in-a-generation reforms make up an integral part of the Government’s Business Growth Agenda to restore confidence in our financial markets. ...

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