Portfolio: Commerce

Govt addressing concerns over financial advisers

beehive.govt.nz — Thu, 05 Nov 2009 11:40:23 +1300

Simon Power | Commerce

Commerce Minister Simon Power acknowledged today that a mystery shopper exercise undertaken by Consumer NZ highlighted some serious deficiencies in the financial adviser industry. The Consumer magazin...

Insolvency Amendment Bill passed

beehive.govt.nz — Fri, 30 Oct 2009 17:19:25 +1300

Simon Power | Commerce

A bill that prevents fraudulent debts from being written off was passed by Parliament last night, Commerce Minister Simon Power said today. The Insolvency Amendment Bill amends the Insolvency Act 2006...

Improved auditor regulation to be introduced

beehive.govt.nz — Fri, 23 Oct 2009 15:24:55 +1300

Simon Power | Commerce

The Government is to introduce an improved auditor regulation which will apply to statutory audits in New Zealand, Commerce Minister Simon Power said today. Under the regulation, the New Zealan...

Proposed fees for financial sector

beehive.govt.nz — Wed, 21 Oct 2009 11:06:52 +1300

Simon Power | Commerce

A discussion document on fees regulations for financial service providers and financial advisers was released for public consultation today by Commerce Minister Simon Power."This discussion document i...

Remaking the Trans-Tasman World

beehive.govt.nz — Tue, 13 Oct 2009 17:38:27 +1300

Simon Power | Commerce

The 75th anniversary of the Institute of International Affairs is an auspicious occasion. I understand there is a wide programme of activity to celebrate, including a national conference. So, thank yo...

Government committed to single economic market

beehive.govt.nz — Tue, 13 Oct 2009 17:36:15 +1300

Simon Power | Commerce

The Government's commitment to the ongoing development of the trans-Tasman single economic market (SEM) agenda was today outlined by Commerce Minister Simon Power. In a speech to the Institute of Inte...

Amendments to financial advisers regime

beehive.govt.nz — Tue, 13 Oct 2009 09:56:04 +1300

Simon Power | Commerce

The Government is proposing technical amendments to the Financial Advisers Act 2008 and the Financial Service Providers Act 2008 in response to concerns from industry, Commerce Minister Simon Power sa...

Towards a Single Economic Market

beehive.govt.nz — Mon, 05 Oct 2009 17:27:48 +1300

Simon Power | Commerce

Thanks for the opportunity to speak as part of your Government Boardroom series. I want to talk about two related areas that I've been focusing on in my Commerce portfolio. The first will be of parti...

Trade agreements key to removing import tariffs

beehive.govt.nz — Thu, 01 Oct 2009 10:43:03 +1300

Tim Groser | Trade

Import tariffs will remain at their current levels until 2015 at the earliest, Trade Minister Tim Groser and Commerce Minister Simon Power announced today. The decision to maintain tariff levels follo...

Financial reporting discussion paper released

beehive.govt.nz — Wed, 30 Sep 2009 10:23:34 +1300

Simon Power | Commerce

A discussion document that substantially reviews the financial reporting obligations for many businesses has been released by Commerce Minister Simon Power today. Among other things, the document prop...

The Latest on Corporate Insolvency Legislation

beehive.govt.nz — Wed, 30 Sep 2009 10:21:42 +1300

Simon Power | Commerce

Good morning and thank you for the opportunity to speak to you about the latest developments in corporate insolvency legislation. Now, more than ever before, it's crucial to ensure we have in place ap...

Commissioner for Financial Advisers, Securities Commission members announced

beehive.govt.nz — Mon, 21 Sep 2009 11:42:34 +1200

Simon Power | Commerce

David Mayhew has been appointed the new Commissioner for Financial Advisers, and Simon Botherway and Mark Verbeist have been appointed as new members of the Securities Commission, Commerce Minister Si...

Section 92A: summary of submissions released

beehive.govt.nz — Wed, 02 Sep 2009 12:52:11 +1200

Simon Power | Commerce

Commerce Minister Simon Power today announced the release of a summary of submissions received in response to the Section 92A proposal document put out for public consultation in July. Mr Power said ...

Standards Council reappointments announced

beehive.govt.nz — Tue, 01 Sep 2009 15:41:39 +1200

Simon Power | Commerce

Richard Westlake and Dr Sharon Kletchko have been reappointed to the Standards Council, Commerce Minister Simon Power announced today. "I am pleased to reappoint Richard Westlake as the Chair and Dr S...

Kevin O'Connor reappointed to Takeovers Panel

beehive.govt.nz — Tue, 01 Sep 2009 15:39:10 +1200

Simon Power | Commerce

Kevin O'Connor has been reappointed to the Takeovers Panel for a term of nine months, Commerce Minister Simon Power announced today. "I am pleased that Kevin O'Connor has been reappointed. He is ...

New securities regulations will improve disclosure

beehive.govt.nz — Wed, 26 Aug 2009 10:00:00 +1200

Simon Power | Commerce

The Cabinet has approved new securities regulations that will improve the quality of disclosure to investors, improve flexibility for issuers, and reduce compliance costs, Commerce Minister Simon Powe...

Regime will improve quality of trustees’ supervision

beehive.govt.nz — Wed, 26 Aug 2009 09:58:32 +1200

Simon Power | Commerce

The Government has agreed to a new regime for corporate trustees and statutory supervisors who supervise debt issuers and some collective investment schemes, Commerce Minister Simon Power announced to...

Government moves on finance company moratoria

beehive.govt.nz — Wed, 26 Aug 2009 09:57:02 +1200

Simon Power | Commerce

The Government hopes to have regulations simplifying and clarifying disclosure obligations for finance company moratoria introduced by the end of the year. Commerce Minister Simon Power told the 5th A...

Latest Developments and Legislative Objectives

beehive.govt.nz — Wed, 26 Aug 2009 09:54:42 +1200

Simon Power | Commerce

Thank you for the introduction and for welcoming me to the 5th Annual Securities Law Update. Over the past five years, the Annual Securities Law Update has become a great forum for sharing ideas about...

Accounting Standards Review Board appointments

beehive.govt.nz — Mon, 17 Aug 2009 17:59:23 +1200

Simon Power | Commerce

Michele Embling, Simon Carey, and Graeme Mitchell have been appointed to the Accounting Standards Review Board, Commerce Minister Simon Power announced today. "I'm very pleased to announce that Michel...

Progress report on Capital Markets welcomed

beehive.govt.nz — Mon, 03 Aug 2009 17:23:26 +1200

Simon Power | Commerce

Commerce Minister Simon Power today welcomed the release of the Capital Market Development Taskforce's Progress Report. The report identifies a number of the major issues faced by New Zealand's capita...

Securities and Financial Advisers Amendment Bills passed

beehive.govt.nz — Fri, 24 Jul 2009 10:36:53 +1200

Simon Power | Commerce

A bill that will make it easier for businesses to raise capital while ensuring prospective investors have all the appropriate information was passed by Parliament last night, Commerce Minister Simon P...

New enviro tool for businesses launched

beehive.govt.nz — Wed, 15 Jul 2009 16:30:57 +1200

Simon Power | Commerce

A new web-based management tool to help businesses take the first steps towards understanding and improving their environmental and economic performance was launched today by Commerce Minister Simon P...

Telecommunications Commissioner returns to job

beehive.govt.nz — Tue, 14 Jul 2009 18:09:48 +1200

Simon Power | Commerce

Telecommunications Commissioner Dr Ross Patterson will return to his job on Monday 27 July after stepping down in September last year to deal with an alcohol-related health issue. Commerce Minister S...

Section 92A proposal released for consultation

beehive.govt.nz — Tue, 14 Jul 2009 13:13:00 +1200

Simon Power | Commerce

A proposal document for the review of section 92A of the Copyright Act 1994 and how to deal with repeat Internet copyright infringement has been released for public feedback by Commerce Minister Simon...

Frankel, Sumpter reappointed to Copyright Tribunal

beehive.govt.nz — Fri, 03 Jul 2009 12:23:26 +1200

Simon Power | Commerce

Professor Susy Frankel and Paul Sumpter have been reappointed to the Copyright Tribunal for a further five years, Commerce Minister Simon Power announced today. "I am pleased that Professor Frankel an...

Disclosure regulations for financial advisers

beehive.govt.nz — Wed, 01 Jul 2009 15:13:27 +1200

Simon Power | Commerce

A discussion document on disclosure regulations for financial advisers has been released for public comment, Commerce Minister Simon Power said today. "The Financial Advisers Act 2008: Disclosure Regu...

Where Franchising Fits in New Zealand’s Regulatory Framework

beehive.govt.nz — Thu, 25 Jun 2009 13:45:30 +1200

Simon Power | Commerce

Speech to Franchise Law Symposium, Auckland University Thank you for inviting me here to this important forum to speak on an issue that has attracted some attention recently: how we regulate franchisi...

Commerce Commission appointments announced

beehive.govt.nz — Thu, 18 Jun 2009 16:38:33 +1200

Rodney Hide | Commerce

Susan Begg and Patrick Duignan have been appointed to the Commerce Commission, Commerce Minister Simon Power and Associate Commerce Minister Rodney Hide announced today. Susan Begg will succeed Denese...

NZ joins Australian regulatory reform group

beehive.govt.nz — Thu, 18 Jun 2009 13:30:35 +1200

Simon Power | Commerce

New Zealand has taken up the invitation of the Australian Government to join the Business Regulation and Competition Working Group (BRCWG), Commerce Minister Simon Power announced today. The high-pow...