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MED News
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1 July 2014

Craig Foss | Commerce

Commerce and Consumer Affairs Minister Craig Foss today welcomed a range of new measures to strengthen the financial service provider registration and dispute resolution regime. “We have made improvements to the financial service provider registration rules and introduced new powers to allow the Financial Markets Authority (FMA) to block the registration of financial service providers if needed,” Mr Foss says. “The registration changes will help prevent misuse of the register by dodgy individuals trying to exploit New Zealand’s good name. ...

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1 July 2014

Steven Joyce | Communications and Information Technology

Government-owned company Research and Educational Advanced Network New Zealand Ltd (REANNZ) has entered into a $65 million anchor tenancy contract with Hawaiki Cable Ltd for its proposed new international telecommunications cable, Science and Innovation Minister Steven Joyce and Communications and Information Technology Minister Amy Adams announced today. The Government’s whole of contract contribution secures a 25-year anchor tenancy on the cable for REANNZ, which operates New Zealand’s high-performance research and education broadband network. ...

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1 July 2014

Craig Foss | Commerce

Commerce Minister Craig Foss says nine KiwiSaver default providers start their seven year appointment today, offering lower fees for investors. The default providers - AMP, ANZ, ASB, BNZ, Grosvenor, Kiwi Wealth, Mercer, Fisher Funds and Westpac - were appointed in March after a competitive tender process and assessment by an independent panel. “A default fund aims to provide stable returns and build confidence while members consider what type of investment best suits their individual circumstances,” Mr Foss says. ...

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30 June 2014

Nick Smith | Commerce

Import tariffs on a range of building products will be temporarily suspended from tomorrow – a measure which is expected to reduce housing costs and increase competition in the residential construction sector, Housing Minister Dr Nick Smith and Commerce Minister Craig Foss announced this afternoon. ...

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26 June 2014

Steven Joyce | Economic Development

Economic Development Minister Steven Joyce today announced the reappointment of Anne Blackburn as Deputy Chair of New Zealand Venture Investment Fund Ltd (NZVIF). Anne Blackburn was first appointed as a director of NZVIF in 2008 and became the Deputy Chair in 2011.  “Anne has brought to the NZVIF Board strong business and finance skills, knowledge of banking and investment, together with extensive governance experience in both Crown-owned and private companies,” Mr Joyce says.  ...

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25 June 2014

John Key | Prime Minister

Prime Minister and Tourism Minister John Key today announced that Kerry Prendergast has been reappointed Chair of the New Zealand Tourism Board for a one-year term. The Board, trading as Tourism New Zealand (TNZ), markets New Zealand as a tourism destination. “I would like to thank Kerry for her work on the board since she was first appointed in 2011, and look forward to her continued excellent contribution to the work of TNZ,” Mr Key says. ...

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25 June 2014

Simon Bridges | Energy and Resources

Energy and Resources Minister Simon Bridges leaves for China today to attend the 5th Meeting of APEC Ministers Responsible for Mining. This year’s meeting has three themes: forging closer cooperation of the mining industry in the Asia-Pacific region; innovation-driven growth; and social responsibility and common development. “These are all important issues for New Zealand’s mining sector.  The progression of them is key to the development of our rich resource potential in a safe, responsible and environmentally sound way,” Mr Bridges says. ...

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25 June 2014

Steven Joyce | Economic Development

Economic Development Minister Steven Joyce today welcomed the announcement by Team New Zealand it would challenge for the 35th America’s Cup and had secured money from private funders to last it until the end of the year. “While they didn’t win the America’s Cup in San Francisco last time, Team New Zealand were excellent ambassadors for New Zealand throughout what became an epic contest,” Mr Joyce says. ...

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24 June 2014

Craig Foss | Commerce

Commerce Minister Craig Foss today welcomed the passing of a bill to protect New Zealand’s international reputation as a trusted place to do business. ...

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24 June 2014

Craig Foss | Commerce

Commerce Minister Craig Foss today announced appointments to the Testing Laboratory Registration Council, Standards Council and board of the Joint Accreditation System of Australia and New Zealand (JAS-ANZ). Paul Connell has been appointed Chair of the Testing Laboratory Registration Council, while Lindsey Lawton, Howard Duff and John Boshier have been appointed as members. Mr Boshier has also been appointed as a member of the Standards Council. ...

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