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6 August 2014

Craig Foss | Commerce

Commerce Minister Craig Foss today announced further steps to simplify and encourage participation in New Zealand’s capital markets. “Cabinet this week signed off on a number of policy decisions to come into force under the Financial Market Conduct Act on December 1,” Mr Foss says. “The decisions include new disclosure requirements to improve investor literacy, confidence and participation in financial markets. ...

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5 August 2014

Amy Adams | Communications and Information Technology

More than half a million households, businesses, schools and health centres are now able to connect to the Government’s Ultra-Fast Broadband network, which continues to rollout ahead of schedule. Communications and Information Technology Minister Amy Adams today released the latest quarterly report on the Government’s Ultra-Fast Broadband (UFB) and Rural Broadband Initiatives (RBI). The report shows the UFB programme is about 7 per cent ahead of schedule. Over the three months to 30 June 2014, a further 96,339 end users gained access to fibre ...

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30 July 2014

Craig Foss | Commerce

Commerce Minister Craig Foss today welcomed New Zealand’s first equity crowd-funding and peer-to-peer lending licences. “The Financial Markets Conduct Act, passed in August last year, made crowd-funding and peer-to-peer lending possible.  It is fantastic to see the first licences come through,” Mr Foss says. The Financial Markets Authority issued the licences after a thorough assessment of each organisation’s licencing application. ...

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30 July 2014

Anne Tolley | Commerce

Police Minister Anne Tolley and Commerce Minister Craig Foss today welcomed an updated memorandum of understanding (MOU) between the Financial Markets Authority (FMA) and the Serious Fraud Office (SFO). Mrs Tolley, as the Minister responsible for the SFO, says continued coordination and cooperation between the two agencies will improve efficiency and effectiveness. “This MOU will enable faster and more effective prosecutions by streamlining processes to avoid duplication and make the most of each agency’s resources.” ...

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24 July 2014

Craig Foss | Commerce

Commerce Minister Craig Foss says changes are underway to give credit unions improved legal status and promote innovation, efficiency and accountability in the industry. “Better regulation is a top priority for this Government.  We will soon introduce legislation to update the Friendly Societies and Credit Unions Act 1982,” Mr Foss says. “Credit Unions play a valuable role in our communities and financial sector. ...

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22 July 2014

Craig Foss | Commerce

Commerce Minister Craig Foss today announced four reappointments to various independent Crown entities and statutory bodies.  “I am pleased to announce the Governor-General has reappointed Pat Duignan as a member of the Commerce Commission.  Mr Duignan has been on the Commission since 2009 and has valuable experience in the corporate finance sector,” Mr Foss says. The Governor-General also reappointed Michele Embling and Simon Carey to the External Reporting Board. Ms Embling has been appointed deputy chairperson.  ...

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22 July 2014

Craig Foss | Commerce

Commerce Minister Craig Foss today welcomed the introduction of a Bill to strengthen the development and delivery of New Zealand Standards. “The Standards and Accreditation Bill is part of the Government’s Business Growth Agenda and follows a comprehensive review to ensure our Standards system is independent and sustainable,” Mr Foss says. “Standards play a key role in sectors such as construction and energy safety. They create confidence in products and underpin health and safety and environmental management.” ...

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17 July 2014

Amy Adams | Communications and Information Technology

Communications and Information Technology Minister Amy Adams has welcomed the agreement by Crown Fibre Holdings and Chorus on the latest amendment to the companies’ Ultra-Fast Broadband contract. Both parties have agreed to a change which would give Chorus the ability to bring forward funding in the 2015/16 financial year which would have been provided in 2017/18 and 2018/19. ...

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16 July 2014

Steven Joyce | Commerce

The goal of a single business number for all kiwi businesses to use in their dealings with Government agencies has moved a big step closer with a decision that all key government agencies that work regularly with businesses will be required to recognise and use the new New Zealand Business Number by the end of 2017. The Government will introduce legislation early in the next term that will confirm the deadline and extend the ability to allocate the New Zealand Business Number (NZBN) beyond registered companies to all New Zealand business entities. ...

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9 July 2014

Amy Adams | Communications and Information Technology

Good morning. It is a pleasure to be invited to speak at this year’s NetHui. Can I begin by acknowledging InternetNZ for organising this event, and for their on-going work in ensuring that key issues affecting the development of our digital future continue to be prominently and actively debated. In particular, I want to acknowledge InternetNZ’s ongoing work on: ...

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