28 Oct 2025
12 months ago
1041 views
Minister Scott Simpson is traveling to Canberra and Sydney to enhance New Zealand's partnerships with Australia, focusing on regulatory approaches, financial competition, and consumer protection. In Canberra, he will meet with Australian government officials to deepen cooperation and explore ways to promote fairer markets and economic growth. The Minister's agenda also includes engagements with the National Anti-Scam Centre, the Australian Banking Association, and Google to advance anti-scam initiatives and strengthen consumer protections in digital environments.
17 Sep 2025
1 year ago
1404 views
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.
16 Sep 2025
1 year ago
1201 views
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.
28 Aug 2025
1 year ago
1373 views
Kiwis are encouraged to provide input on proposed regulatory changes in the telecommunications sector, as their feedback is crucial to the review process, according to Ministers David Seymour and Paul Goldsmith. The review focuses on key regulatory issues such as the Telecommunications Development Levy (TDL), shareholder caps, and service quality regulations. Proposed draft changes include implementing a consumer code, updating infrastructure obligations, eliminating outdated rules, and enhancing investor appeal for telecom companies to boost growth in the sector.
27 Aug 2025
1 year ago
1364 views
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.
22 Aug 2025
1 year ago
1454 views
Finance Minister Nicola Willis has welcomed the release of the Finance and Expenditure Committee (FEC) Inquiry into banking competition, focusing on business, rural banking, and lending to Māori entities. The inquiry supports the Government's efforts to enhance competition in the banking sector for better services for Kiwis. The report, based on submissions from 148 stakeholders and public hearings, will be reviewed by the Government for proposed action items by November 2025.
14 Aug 2025
1 year ago
1582 views
The Government is focused on growing the economy by improving competition settings, with updates on the Commerce Act review and Commerce Commission governance. Reforms to the Commerce Act aim to simplify collaboration processes, enhance confidentiality protections, and promote competition. Additionally, initiatives include strengthening banking competition, implementing open banking, regulating retail payments, and introducing a new water services regulatory regime under the Commerce Act to ensure efficiency and transparency.
07 Aug 2025
1 year ago
1807 views
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.
30 Jul 2025
1 year ago
1944 views
Kiwibank has been authorized to enhance its competition with the dominant Australian-owned banks in New Zealand's banking sector by raising up to $500 million in capital for growth. This move is aimed at enabling Kiwibank to better compete with the big four Australian banks while preserving its New Zealand identity. The government has approved measures to ensure Kiwibank's New Zealand identity, including maintaining majority government ownership and requiring key operational aspects to remain in New Zealand.
28 Jul 2025
1 year ago
3505 views
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.
10 Jul 2025
1 year ago
2059 views
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.
08 Jul 2025
1 year ago
1998 views
Selwyn District is the first council in the country to launch its new water services entity, Selwyn Water, meaning safe, reliable, and affordable drinking water and wastewater for ratepayers, Local Government Minister Simon Watts says. “The launch of Selwyn District’s water service entity today marks a significant milestone of water reform, and I look forward to seeing similar Local Water Done Well plans progress in the coming months,” Mr Watts says. “Selwyn District Council is also the first council to have a Water Services Delivery Plan accepted and approved by the Secretary for Local Government, Paul James and the first to establish a water services council-controlled organisation (CCO) under the Coalition Government’s Local Water Done Well policy.
26 Jun 2025
1 year ago
2419 views
Economic Growth Minister Nicola Willis has written to the major supermarkets to restate the basic expectation that they take all steps needed to comply with the Fair Trading Act and ensure Kiwi shoppers are not subjected to misleading price claims. “Supermarkets have statutory obligations under the Fair Trading Act to ensure that pricing information is accurate and does not mislead consumers. “I am disappointed that I have to spell out to some of New Zealand’s biggest and most sophisticated retail operators - Foodstuffs North Island, Foodstuffs South Island, and Woolworths - that they should have in place processes to prevent inaccurate pricing, institute and publicise refund policies, and train staff to ensure that when errors are reported, fixes occur system-wide.
18 Jun 2025
1 year ago
2354 views
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.
18 Jun 2025
1 year ago
2747 views
Good morning and thanks to the Wellington Chamber of Commerce for hosting us. I have spent most of my life in either the Hutt or Wellington and I love this city and I love our region. Some people like to paint this city as only a public service town.