Kris Faafoi
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
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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
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
10
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
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
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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
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
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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
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
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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
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
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Government to introduce law to limit rent hikes, enable tenants to add minor fittings to a property and limit landlords' abilities to end tenancies
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
1
Select committee recommends clauses be added to the Credit Contracts Legislation Amendment Bill prohibiting lenders peddling 'high-cost' consumer debt from charging compound interest
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
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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
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
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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
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
Financial Markets Authority’s annual litigation budget being increased by $4 million to $6 million to boost its ability to strengthen enforcement capability
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
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Changes to the Commerce Act to address anti-competitive behaviour could be one step closer as MBIE prepares policy advice for the Government
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
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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
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
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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
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
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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
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
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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
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
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Commerce & Consumer Affairs Minister Kris Faafoi pledges measures to improve financial services sector conduct shortly as regulators bemoan poor life insurer conduct and culture
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
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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
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
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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
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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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
Officials still working on the final details of a consumer credit interest rate cap announced as part of the Government's CCCFA changes
5th Sep 19, 2:29pm
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Officials still working on the final details of a consumer credit interest rate cap announced as part of the Government's CCCFA changes
Government includes daily interest rate cap on loans as part of a bid to crack down on loan sharks and predatory lending
3rd Sep 19, 11:40am
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Government includes daily interest rate cap on loans as part of a bid to crack down on loan sharks and predatory lending
PartPay CEO John O’Sullivan says buy now, pay later service providers will expand into all sorts of areas and services given they can be used anywhere someone wants to pay for something in instalments
27th Aug 19, 7:37am
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PartPay CEO John O’Sullivan says buy now, pay later service providers will expand into all sorts of areas and services given they can be used anywhere someone wants to pay for something in instalments
Commerce Commission finds lack of active wholesale fuel market is stifling competition and costing consumers more than it should at the pump
20th Aug 19, 9:19am
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Commerce Commission finds lack of active wholesale fuel market is stifling competition and costing consumers more than it should at the pump
We detail and compare what the various buy now, pay later service providers are offering New Zealand consumers in a growing market
19th Aug 19, 12:05pm
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We detail and compare what the various buy now, pay later service providers are offering New Zealand consumers in a growing market
Jenée Tibshraeny argues first home buyers should be able to withdraw their KiwiSaver funds to buy investment properties
28th Jul 19, 6:31am
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Jenée Tibshraeny argues first home buyers should be able to withdraw their KiwiSaver funds to buy investment properties