Articles tagged with Commerce And Consumer Affairs

Showing 8 of 23 articles

New Zealand Introduces Safe Harbour Laws to Combat Online Scams Faster

The New Zealand Government is introducing safe harbour legal protections to enable banks, telecommunications providers, and digital platforms to act swiftly and confidently in blocking suspected online scams without fear of prosecution. These protections require reasonable grounds for suspicion, proportional action, and correction of any unintended disruption, supporting a prevention-first approach against scams that caused $265 million in losses last year. Complementing this, the New Zealand Anti Scam Alliance is developing a trusted flagger system and new fraud intelligence tools to identify and freeze suspicious accounts, enhancing cross-sector collaboration to combat evolving scam threats.

New Bill Bans Surcharges on Foreign and Commercial Cards for Easier Payments: Impact on Businesses and Consumers

The Government, led by Commerce and Consumer Affairs Minister Scott Simpson, is expanding the surcharge ban to include foreign-issued cards and commercial cards, aiming to simplify transactions for businesses and consumers. The Retail Payment System (Ban on Merchant Surcharges) Amendment Bill has passed its first reading, prohibiting surcharges on in-store EFTPOS, Visa, and Mastercard payments. The ban, set to be implemented within a month of passing the Bill, aims to save businesses up to $90 million annually and prevent surprise costs for Kiwi shoppers at payment terminals.

New Commerce Act Amendments Boost Public Protection and Business Certainty

The Government is updating the Commerce Act after nearly 20 years to enhance protection for the public and provide more certainty for businesses, focusing on promoting competition, innovation, and fair markets. Key changes include preventing unfair tactics, clearer merger rules, strengthening the Commerce Commission, and facilitating beneficial collaborations among businesses. The amendments aim to ensure the Commerce Commission is more effective, separate governance and regulatory functions, and give the Commission stronger tools to assess mergers and competition concerns, ultimately promoting fairer markets and consumer choice.

Local Water Done Well: Government Legislation Benefits Communities Nationwide

The Government's Local Water Done Well legislation aims to provide safe, reliable, and financially sustainable water services to local communities across the country. The legislation focuses on ensuring financial sustainability, oversight, and accountability in water service delivery, with the Commerce Commission overseeing economic regulation to ensure fair pricing and quality infrastructure. Councils are encouraged to submit water services delivery plans that meet the requirements and provide flexibility to make arrangements best-suited for their communities, ultimately benefiting Kiwis with improved water services.

Ministry for Regulation Launches Sector Review to Streamline Product Labelling Regulations

Ministers Seymour and Simpson have announced a Ministry for Regulation review to address the high costs and complexities of New Zealand's product labelling regulations, which hinder affordability and global competitiveness. The current system, comprising over 30 codes and standards, imposes unnecessary compliance burdens on businesses, leading to increased prices and limited wage growth. The review aims to streamline regulations, reduce compliance costs, and enhance Kiwi goods' competitiveness internationally, with a focus on benefiting both businesses and consumers by simplifying the labelling process.

New Zealand Bans Surcharges to Save Millions: Commerce Minister's Decision

Commerce and Consumer Affairs Minister Scott Simpson announced the axing of surcharges to benefit New Zealanders financially. The move aims to eliminate the hassle and unexpected costs shoppers face at the checkout. By banning surcharges for in-store payments by May 2026, consumers can shop confidently without being penalized for their payment method choice.

New Zealand Anti-Scam Alliance: Fighting Online Financial Scams Together

Important progress in the fight against online financial scams has been made with the launch of a new initiative between government, industry and consumer groups, Commerce and Consumer Affairs Minister Scott Simpson says. “It is unacceptable that so many Kiwis are swindled by scammers every day,” Mr Simpson says. “Some reports suggest scams cost the economy up to $2 billion annually, and it is crucial we get on top of the problem.

New Certification scheme unlocks $200M market for Kiwi cosmetics in China

Trade and Investment Minister Todd McClay and Commerce and Consumer Affairs Minister Scott Simpson have welcomed a new certification scheme, announced by the Prime Minister in Shanghai today, that unlocks access to China’s $200 million cosmetics and skincare market — a move that will drive stronger returns for New Zealand exporters and boost the economy. “This is a smart, practical step that removes a long-standing trade barrier and opens up valuable new channels for our exporters,” McClay says. “It means more high-quality, innovative New Zealand products on shelves in China - not just online, but in stores across one of the world’s fastest-growing consumer markets.