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Kris Faafoi

28th Mar 20, 10:32am
In the third part of a series on NZ's retail payment systems, Gareth Vaughan looks at the complications of interchange & merchant service fees and finds a government minister still waving a regulatory stick
In the third part of a series on NZ's retail payment systems, Gareth Vaughan looks at the complications of interchange & merchant service fees and finds a government minister still waving a regulatory stick
28th Mar 20, 10:32am
[Updated]
1st Mar 20, 5:02am
'Game-changing' KiwiSaver rule changes to see default KiwiSaver funds switched from conservative to balanced, and default providers banned from investing in fossil fuel production
[Updated]
'Game-changing' KiwiSaver rule changes to see default KiwiSaver funds switched from conservative to balanced, and default providers banned from investing in fossil fuel production
1st Mar 20, 5:02am
23rd Feb 20, 6:02am
Officials tell Government there's a 'low' chance proposed rental property reforms will decrease the supply of rentals, while the effect it'll have on rents is 'uncertain'
Officials tell Government there's a 'low' chance proposed rental property reforms will decrease the supply of rentals, while the effect it'll have on rents is 'uncertain'
23rd Feb 20, 6:02am
14th Feb 20, 5:00am
Stay for 7 days, then pay - Government to start charging emergency housing recipients rent like other social housing tenants 
Stay for 7 days, then pay - Government to start charging emergency housing recipients rent like other social housing tenants 
14th Feb 20, 5:00am
10th Feb 20, 9:50am
Commerce and Consumer Affairs Minister Kris Faafoi not in a hurry to engage with any push to establish Code of Practice for buy now pay later industry in New Zealand
Commerce and Consumer Affairs Minister Kris Faafoi not in a hurry to engage with any push to establish Code of Practice for buy now pay later industry in New Zealand
10th Feb 20, 9:50am
29th Jan 20, 6:20am
Commission for Financial Capability stops lobbying the government to raise the age of entitlement for NZ Super, saying keeping the age at 65 won't be as costly as previously thought
Commission for Financial Capability stops lobbying the government to raise the age of entitlement for NZ Super, saying keeping the age at 65 won't be as costly as previously thought
29th Jan 20, 6:20am
28th Jan 20, 5:15pm
MBIE officials wrestling with cost issues as government efforts to bolster the transparency of the beneficial ownership of New Zealand companies and limited partnerships, but not trusts, drag on
MBIE officials wrestling with cost issues as government efforts to bolster the transparency of the beneficial ownership of New Zealand companies and limited partnerships, but not trusts, drag on
28th Jan 20, 5:15pm
20th Dec 19, 1:39pm
Commerce and Consumer Affairs Minister Kris Faafoi gives slow-moving banks a timeline to set up systems to better enable data sharing aimed at creating more competition
Commerce and Consumer Affairs Minister Kris Faafoi gives slow-moving banks a timeline to set up systems to better enable data sharing aimed at creating more competition
20th Dec 19, 1:39pm
5th Dec 19, 8:42am
Final report on retail fuel market recommends 'terminal gate pricing regime' similar to in Australia, requiring all importers to offer a 'spot' price; Govt aims to 'break stranglehold' of big fuel companies
Final report on retail fuel market recommends 'terminal gate pricing regime' similar to in Australia, requiring all importers to offer a 'spot' price; Govt aims to 'break stranglehold' of big fuel companies
5th Dec 19, 8:42am
4th Dec 19, 10:14am
by admin
Commerce and Consumer Affairs Minister Kris Faafoi says new rules will include what policyholders must disclose to insurers, making changes to allow people to more easily understand their policy, and addressing unfair contract terms
Commerce and Consumer Affairs Minister Kris Faafoi says new rules will include what policyholders must disclose to insurers, making changes to allow people to more easily understand their policy, and addressing unfair contract terms
4th Dec 19, 10:14am
26th Nov 19, 8:00am
Gareth Vaughan details the curious situation of companies kicked off NZ's Financial Service Providers' Register effectively because they're deemed to be bringing NZ's reputation into disrepute overseas, being allowed to remain as registered NZ companies
Gareth Vaughan details the curious situation of companies kicked off NZ's Financial Service Providers' Register effectively because they're deemed to be bringing NZ's reputation into disrepute overseas, being allowed to remain as registered NZ companies
26th Nov 19, 8:00am
[Updated]
17th Nov 19, 1:00pm
Government to introduce law to limit rent hikes, enable tenants to add minor fittings to a property and limit landlords' abilities to end tenancies
[Updated]
Government to introduce law to limit rent hikes, enable tenants to add minor fittings to a property and limit landlords' abilities to end tenancies
17th Nov 19, 1:00pm
12th Nov 19, 9:31am
Select committee recommends clauses be added to the Credit Contracts Legislation Amendment Bill prohibiting lenders peddling 'high-cost' consumer debt from charging compound interest
Select committee recommends clauses be added to the Credit Contracts Legislation Amendment Bill prohibiting lenders peddling 'high-cost' consumer debt from charging compound interest
12th Nov 19, 9:31am
1st Nov 19, 6:00am
Ministry of Business, Innovation & Employment to seek Cabinet approval soon for policy proposals that aim to improve the transparency of New Zealand company & limited partnership ownership
Ministry of Business, Innovation & Employment to seek Cabinet approval soon for policy proposals that aim to improve the transparency of New Zealand company & limited partnership ownership
1st Nov 19, 6:00am
[Updated]
30th Oct 19, 12:15pm
Financial Markets Authority spends nearly $3 million on external litigation costs in 2019 - $1 million more than budgeted; CEO says tripling of funding for 2020 signals it's resourced to take action
[Updated]
Financial Markets Authority spends nearly $3 million on external litigation costs in 2019 - $1 million more than budgeted; CEO says tripling of funding for 2020 signals it's resourced to take action
30th Oct 19, 12:15pm
29th Oct 19, 11:55am
Financial Markets Authority’s annual litigation budget being increased by $4 million to $6 million to boost its ability to strengthen enforcement capability
Financial Markets Authority’s annual litigation budget being increased by $4 million to $6 million to boost its ability to strengthen enforcement capability
29th Oct 19, 11:55am
28th Oct 19, 9:08am
Changes to the Commerce Act to address anti-competitive behaviour could be one step closer as MBIE prepares policy advice for the Government
Changes to the Commerce Act to address anti-competitive behaviour could be one step closer as MBIE prepares policy advice for the Government
28th Oct 19, 9:08am
21st Oct 19, 9:48am
Gareth Vaughan casts an eye over UBS research tomes on Afterpay and the buy now, pay later sector to get a feel for its success and the threats it faces
Gareth Vaughan casts an eye over UBS research tomes on Afterpay and the buy now, pay later sector to get a feel for its success and the threats it faces
21st Oct 19, 9:48am
[Updated]
15th Oct 19, 5:00am
Interim Retirement Commissioner on benefits of loosening KiwiSaver rules around first home withdrawals: 'If we can get more people on the property ladder earlier, there may be less liability to taxpayers later'; Minister Faafoi hesitant
[Updated]
Interim Retirement Commissioner on benefits of loosening KiwiSaver rules around first home withdrawals: 'If we can get more people on the property ladder earlier, there may be less liability to taxpayers later'; Minister Faafoi hesitant
15th Oct 19, 5:00am
30th Sep 19, 8:41am
Commerce and Consumer Affairs Minister Kris Faafoi says he doesn't want to call a financial services royal commission but improvements to conduct and culture are needed
Commerce and Consumer Affairs Minister Kris Faafoi says he doesn't want to call a financial services royal commission but improvements to conduct and culture are needed
30th Sep 19, 8:41am
[Updated]
25th Sep 19, 12:30pm
Government's proposed conduct licensing regime for financial service providers will make them accountable for sales to consumers by contracted intermediaries & ban target-based sales incentives
[Updated]
Government's proposed conduct licensing regime for financial service providers will make them accountable for sales to consumers by contracted intermediaries & ban target-based sales incentives
25th Sep 19, 12:30pm
[Updated]
17th Sep 19, 10:11am
Commerce & Consumer Affairs Minister Kris Faafoi pledges measures to improve financial services sector conduct shortly as regulators bemoan poor life insurer conduct and culture
[Updated]
Commerce & Consumer Affairs Minister Kris Faafoi pledges measures to improve financial services sector conduct shortly as regulators bemoan poor life insurer conduct and culture
17th Sep 19, 10:11am
[Updated]
13th Sep 19, 10:58am
Financial Markets Authority considering prosecuting life insurers over sales tactics; says 'there will be more remediation, more repayments to consumers'; Commerce and Consumer Affairs Minister warns NZ isn't immune from a royal commission
[Updated]
Financial Markets Authority considering prosecuting life insurers over sales tactics; says 'there will be more remediation, more repayments to consumers'; Commerce and Consumer Affairs Minister warns NZ isn't immune from a royal commission
13th Sep 19, 10:58am
[Updated]
9th Sep 19, 4:50pm
Capital markets review recommends changes to KiwiSaver to help lift the level of kiwis' engagement with & interest in investment so more New Zealanders actively participate to create personal wealth
[Updated]
Capital markets review recommends changes to KiwiSaver to help lift the level of kiwis' engagement with & interest in investment so more New Zealanders actively participate to create personal wealth
9th Sep 19, 4:50pm
7th Sep 19, 8:51am
As ASIC proposes a major crackdown on the peddling of high risk derivative products to retail investors, Gareth Vaughan looks at where the FMA & NZ Government sit on products compared with gambling
As ASIC proposes a major crackdown on the peddling of high risk derivative products to retail investors, Gareth Vaughan looks at where the FMA & NZ Government sit on products compared with gambling
7th Sep 19, 8:51am

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