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Releases from the Minister

Learn more about our responsible Minister.

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  1. 8 March 2017

    Minister welcomes FMA guidance on KiwiSaver

    Hon Jacqui Dean8 March 2017 Commerce and Consumer Affairs Minister Jacqui Dean today welcomed the release of FMA guidance intended to make basic advice about KiwiSaver available to more New Zealanders.  “Some of the most important financial decisions kiwis make are joining KiwiSaver, and working out what type of fund to invest in,” says Ms Dean  “The guidance makes it clear that a lot of simple advice about KiwiSaver falls within the category of...


  2. 3 November 2016

    Funding boost for FMA and Companies Office

    Paul Goldsmith3 November 2016 Commerce and Consumer Affairs Minister Paul Goldsmith has today announced the government’s approval to increase funding for the Financial Markets Authority (FMA) and the Companies Office. “The increased funding will help these organisations maintain a well-regulated business environment for New Zealanders. “The FMA will get an additional $9.8 million per year and the Companies Office, an additional $5.3 million per yea...


  3. 5 October 2016

    Transparency coming for KiwiSaver fees

    Paul Goldsmith5 October 2016 The Financial Markets Authority’s (FMA) KiwiSaver Annual report, tabled in Parliament today, provides a comprehensive snapshot of KiwiSaver engagement says Minister for Commerce and Consumer Affairs Paul Goldsmith. “The report shows growth in people using KiwiSaver to help save for their first home and a continued increase in KiwiSaver membership. For the first time, the number of New Zealanders transferring between schem...


  4. 11 August 2016

    Minister calls for consumers to take stock of finances

    Paul Goldsmith11 August 2016 Commerce and Consumer Affairs Minister Paul Goldsmith has today called for people to use the drop in the Official Cash Rate (OCR) as a chance to review finances and savings and consider debt reduction. “With the fall in the OCR and possible flow on to mortgage and deposit rates, it is an opportune time to make sure you are making the choices that are right for you. This includes whether or not to consolidate debt, or move...


  5. 13 July 2016

    Financial Advisers regime to be updated

    Paul Goldsmith13 July 2016 Commerce and Consumer Affairs Minister Paul Goldsmith has announced plans for changes to the Financial Advisers Act (FAA) and the Financial Service Providers Act (FSPA). “The changes come after a comprehensive review, which will simplify regulation, enable advisers to have sensible conversations and encourage more people to seek high quality advice tailored to their needs. “A lot has happened since these Acts were originall...


  6. 29 June 2016

    Minister welcomes insurance report

    Paul Goldsmith29 June 2016 Commerce and Consumer Affairs Minister Paul Goldsmith has welcomed the release of the Financial Markets Authority’s (FMA) review of insurance replacement business today. “Transparency is vital for consumers to have confidence in markets and make informed decisions,” says Mr Goldsmith. “Insurance replacement is an area where there has been considerable scrutiny, particularly to determine if ‘churn’ in the life insura...


  7. 14 June 2016

    Financial Markets Authority appointments announced

    Paul Goldsmith14 June 2016 Commerce and Consumer Affairs Minister Paul Goldsmith today announced the appointment of Vanessa Stoddart and the reappointment of Mary Holm to the Financial Markets Authority (FMA) Board. Ms Stoddart has been appointed to the FMA Board for a five-year term and Ms Holm has been reappointed for a further three years. “I am pleased with the wealth of experience these appointments bring,” says Mr Goldsmith. “Ms Stoddart has...


  8. 18 November 2015

    Expert group set up to review insolvency law

    Paul Goldsmith18 November, 2015 An expert group will review New Zealand’s corporate insolvency laws and report back to the government, Commerce and Consumer Affairs Minister Paul Goldsmith announced today. “A working group of insolvency experts will be set up to provide independent advice to the government on important aspects of corporate insolvency law,” Mr Goldsmith says. “It is inevitable that businesses get into trouble and fail. When that hap...


  9. 15 November 2015

    Fraud Awareness Week highlights dangers for consumers and small business

    Generic Content Craig Foss, Paul Goldsmith15 November, 2015 Small Business Minister Craig Foss and Commerce and Consumer Affairs Minister Paul Goldsmith are urging consumers and small businesses to keep themselves safe online this Fraud Awareness Week. Fraud Awareness Week 2015, which runs from 15 – 21 November, is part of an international initiative to raise awareness of scams and promote safe online practices. “It’s imperative for small business ow...


  10. 31 August 2015

    Minister welcomes Money Week 2015

    Paul Goldsmith31 August, 2015 Empowering people to be better with money is the key focus for Money Week, says Commerce and Consumer Affairs Minister Paul Goldsmith. “By building the financial capability of our families and communities we can help people better shape their lives, reduce debt and hardship, and achieve their goals,” Mr Goldsmith says. “Getting people thinking about money and how to manage it, from day-to-day budgeting to long term planning are some of the things being d...


  11. 25 August 2015

    Unlisted platform granted exemption from FMCA licencing requirements

    Paul Goldsmith25 August, 2015 Minister of Commerce and Consumer Affairs Paul Goldsmith today announced that the share trading platform Unlisted will be granted an exemption from the licensing requirements of the Financial Markets Conduct Act. “In making this decision, I have considered the risks and benefits of allowing Unlisted to operate as an unlicensed market,” Mr Goldsmith says. “Unlisted will be allowed to continue as a trading platform with a number of conditions in place to he...


  12. 20 August 2015

    Commerce appointments announced

    Paul Goldsmith 20 August, 2015 Commerce and Consumer Affairs Minister Paul Goldsmith today announced two reappointments to the Takeovers Panel and three reappointments to the Disciplinary Committee under the Financial Advisers Act. David Jones has been reappointed as Takeovers Panel Chairperson for one further year, starting on 1 October. Richard Hunt, who is a member cross-appointed from the Australian Takeovers Panel, has been reappointed to the Takeovers Panel for a further term until Ap...