Over the last few years there has been wide ranging reform of
the legislation that governs the financial sector. This reform has
been timely following the global economic crisis and the failure of
many New Zealand finance companies. The next step in the reform is
the comprehensive review of the securities law. The Government has
recently released Cabinet's paper setting out its recommendations
on changes to the Securities Act 1978. The main recommendations are
highlighted in this note.
By Melissa Higham - 6 May 2011
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The Regulatory Reform Bill, designed to slash red tape and
remove unnecessary requirements for businesses passed its first
reading last week.
By Melissa Higham - 28 Feb 2011
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The Copyright (Infringing File Sharing) Amendment Bill is intended to deter file sharing copyright infringement. It has recently been reported on at select committee level.
By Mike Worsnop - 8 Nov 2010 - 1 comment
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As discussed in a previous blog, the Ministry of Consumer
Affairs launched a review of all New Zealand consumer laws in June
this year. The review looked at consolidating and simplifying our
Consumer legislation.
By Melissa Higham - 4 Oct 2010
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The Government announced yesterday that it plans to tighten
requirements around company directors and company registration. The
proposed measures are designed to protect New Zealand's company
registration process against increasing threats of criminal
activity from overseas.
By Melissa Higham - 10 Sep 2010
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A new bill has been introduced to Parliament this month to help
prevent identity fraud. The bill will allow private agencies, such
as banks and finance companies, access to the government's
database.
By Melissa Higham - 31 Aug 2010
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The Ministry of Consumer Affairs has this week launched a review
of all consumer law. This will involve a review of the Consumer
Guarantees Act, the Sale of Goods Act, the Door to Door Sales Act
and another 7 or 8 similar statutes. The way in which all consumer
legislation interacts and works together is a key driver to this
review.
By Melissa Higham - 18 Jun 2010
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