Articles tagged with Commerce
New Governance Model to Strengthen New Zealand's Commerce Commission by 2027
2 weeks ago | 218 viewsNew Zealand is reforming its Commerce Commission to improve competition regulation by separating governance and regulatory functions, following an independent review that found the current structure ineffective. The new governance model, effective from July 2027, introduces an oversight board with external directors and a panel of expert commissioners to enhance decision-making and market competitiveness. Current leadership will provide continuity during the transition, with the Commerce (Commerce Commission Reform) Amendment Bill now under consideration by the Finance and Expenditure Committee.
Tags: Scott Simpson Dame Paula Rebstock Dr John Small Anne Callinan Commerce Commission Commerce Commission Reform Bill New Zealand Commerce and Consumer Affairs Finance and Expenditure Committee regulatory reformNew Commerce Commission Reform Bill to Strengthen Competition and Market Oversight in NZ
2 weeks ago | 219 viewsNew Zealand is reforming its Commerce Commission to enhance competition, innovation, and market fairness by separating governance and regulatory functions, following an independent review that found the current structure inadequate. The new model, effective from July 2027, introduces an oversight board with external directors, a panel of expert commissioners, and delegated regulatory decision-making to improve strategic focus and operational effectiveness. Leadership continuity will be maintained with Dr. John Small as chief commissioner and board chair until 2030, ensuring stability during the transition.
Tags: Scott Simpson Dame Paula Rebstock Dr John Small Anne Callinan Commerce Commission Commerce Commission Reform Bill New Zealand Commerce and Consumer Affairs Finance and Expenditure Committee regulatory reformChamberWorks Launches to Boost Kiwi Employment with MSD and Chambers Partnership
1 month ago | 265 viewsSocial Development and Employment Minister Louise Upston announced the launch of ChamberWorks, a partnership between the Ministry of Social Development and New Zealand Chambers of Commerce, aimed at helping businesses with recruitment and increasing employment. The initiative addresses employers' recruitment challenges by aligning workforce needs with job seekers and leveraging MSD's extensive talent pipeline and training resources. ChamberWorks will operate nationally across 23 chambers, collaborating on workforce plans and opportunities to support businesses and get more Kiwis into work.
Tags: Louise Upston ChamberWorks Ministry of Social Development MSD New Zealand Chambers of Commerce Social Development Employment New Zealand job placements recruitmentNew Trans-Tasman Standards Agreement Boosts NZ Businesses and Innovation
2 months ago | 308 viewsStandards New Zealand and Standards Australia have signed a new agreement to align trans-Tasman standards, enhancing product quality, safety, and reducing costs for businesses and consumers. The agreement supports innovation and economic growth by adopting international standards in areas like AI, data management, and cybersecurity, while removing fees and red tape to boost competitiveness and digital trade. This collaboration, endorsed by both governments and industry stakeholders, strengthens New Zealand’s role in joint standards development and fosters a modern, efficient regulatory environment.
Tags: Scott Simpson Luxon Anthony Albanese Standards New Zealand Standards Australia Commerce and Consumer Affairs artificial intelligence cybersecurity digital tradeNew Zealand and Australia Boost PACER Plus with $10M Support for Pacific Trade Growth
4 months ago | 455 viewsNew Zealand and Australia have committed $10 million over five years to support PACER Plus, aiming to enhance export capabilities, diversify trade, attract investment, and boost labor mobility in Pacific countries. This new investment, announced five years after the agreement took effect, underscores ongoing commitment to regional trade growth, economic integration, and prosperity. The PACER Plus Development and Economic Cooperation Work Programme facilitates implementation, harmonizes trade infrastructure, and maximizes business opportunities across member nations.
Tags: Nicola Grigg Scott Simpson New Zealand Australia PACER Plus Pacific Islands Solomon Islands Minister of State for Trade and Investment Minister of Commerce and Consumer Affairs Pacific regionNew Zealand Government Advances Infrastructure Funding Reforms to Boost Housing Growth
4 months ago | 455 viewsThe New Zealand Government is advancing reforms to improve infrastructure funding and financing to support housing and urban growth, focusing on land supply, infrastructure, and growth incentives through its Going for Housing Growth programme. Key initiatives include introducing the Infrastructure Funding and Financing (IFF) Amendment Bill, replacing development contributions with a new development levies system, and proposing the Commerce Commission as the regulator for development levies to ensure fairness and transparency. Public consultation on these reforms runs until February 2026, aiming to create a flexible, consistent system that enables faster housing development and better infrastructure delivery.
Tags: Chris Bishop Simon Watts Scott Simpson Housing Minister Local Government Minister Commerce and Consumer Affairs Minister Infrastructure Funding and Financing Development Levies Commerce Commission New Zealand GovernmentNew Zealand Minister Scott Simpson to Attend 2025 PACER Plus Meeting in Solomon Islands
4 months ago | 421 viewsMinister of Commerce and Consumer Affairs Scott Simpson is traveling to the Solomon Islands to attend the 2025 PACER Plus Ministerial Meeting, emphasizing the agreement's role in strengthening economic growth and trade in the Pacific. Since PACER Plus began, New Zealand's trade with member countries has increased by 47 percent, highlighting the success of this partnership. During his visit, Simpson will also engage with the Solomon Islands–New Zealand Business Community and regional counterparts before returning to New Zealand on 28 November.
Tags: Scott Simpson PACER Plus Solomon Islands New Zealand Pacific Agreement on Closer Economic Relations Commerce Consumer Affairs Pacific Islands Australia TradeNew Zealand Unifies Weather Services to Enhance Forecasting and Climate Safety
4 months ago | 475 viewsLegislation has passed its first reading to enable Earth Sciences New Zealand to acquire MetService, uniting the country’s key meteorological agencies to improve climate understanding and natural hazard response. The bill removes MetService from the State-Owned Enterprises Act, mandates data access policies, and exempts the acquisition from certain commerce regulations to prioritize public benefits over competition concerns. This integration aims to provide clearer climate insights, more accurate forecasts, faster warnings, and enhanced scientific collaboration while maintaining MetService’s trusted brand and authoritative public safety role.
Tags: Shane Reti Simeon Brown Earth Sciences New Zealand MetService Meteorological Services Legislation Amendment Bill New Zealand weather forecasting climate expertise Commerce ActNew Zealand Unites Weather Agencies for Better Forecasting and Climate Insights
4 months ago | 523 viewsLegislation has passed its first reading to enable Earth Sciences New Zealand to acquire MetService, uniting the country’s key meteorological agencies to improve climate understanding and response to natural hazards. The bill removes MetService from the State-Owned Enterprises Act, mandates data access policies, and exempts the acquisition from certain competition laws to prioritize public benefits. This integration aims to provide clearer climate insights, more accurate forecasts, faster warnings, and enhanced collaboration using expanded infrastructure and technology.
Tags: Shane Reti Simeon Brown Earth Sciences New Zealand MetService Meteorological Services Legislation New Zealand weather forecasting climate expertise Commerce ActNew Zealand Introduces Safe Harbour Laws to Combat Online Scams Faster
4 months ago | 489 viewsThe 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.
Tags: Scott Simpson New Zealand Anti Scam Alliance Payments NZ New Zealand Banking Association Commerce and Consumer Affairs safe harbour fraud intelligence tool mule accounts online scams trusted flagger systemNew Zealand Hikes Penalties for Misleading Advertising to Protect Consumers
4 months ago | 482 viewsThe Government plans to significantly increase penalties for breaches of the Fair Trading Act, raising maximum fines to the greater of $5 million, three times the commercial gain, or the transaction value, to better deter misleading advertising and unfair business practices. The reforms will shift most breaches from criminal to civil liability, allowing the Commerce Commission to act on a lower standard of proof, while serious offenses remain criminal, aiming to create a fairer marketplace and protect consumers. These changes follow rising complaints and aim to align New Zealand’s laws with international standards, with legislation expected to pass next year after public consultation.
Tags: Nicola Willis Scott Simpson Government Fair Trading Act Commerce Commission Consumer NZ Pak’nSave Woolworths misleading advertising penaltiesGovernment Accepts Banking Competition Recommendations for Increased Innovation and Consumer Benefits
4 months ago | 461 viewsThe Government has accepted or partially accepted all recommendations from the Finance and Expenditure Committee's inquiry into banking competition, focusing on business, rural banking, and lending to Māori entities. The findings highlighted concerns about high banking profitability, market concentration, barriers to entry, and regulatory settings, aligning with the Commerce Commission's report. Actions include allowing Kiwibank's parent company to raise capital, emphasizing banking competition in policies, encouraging standardization of financial information, disclosing account profitability, expanding regulatory sandbox trials, developing a licensing model for innovation, and coordinating monitoring through the Treasury.
Tags: Government Finance and Expenditure Committee Nicola Willis Commerce Commission Kiwibank Reserve Bank Scott Simpson Financial Markets Authority Treasury Māori.Minister Scott Simpson Strengthens Trans-Tasman Partnerships in Canberra and Sydney
5 months ago | 453 viewsMinister 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.
Tags: Scott Simpson Minister of Commerce Consumer Affairs Canberra Sydney New Zealand Australia Federal Government State Government ACCNew Bill Bans Surcharges on Foreign and Commercial Cards for Easier Payments: Impact on Businesses and Consumers
6 months ago | 672 viewsThe 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.
Tags: Government payment pain point surcharge ban foreign cards Commerce and Consumer Affairs Minister Scott Simpson Retail Payment System Amendment Bill Commerce Commission banking fees merchant service fees interchange feesNew Commerce Act Amendments Boost Public Protection and Business Certainty
6 months ago | 538 viewsThe 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.
Tags: Government Commerce Act Economic Growth Minister Nicola Willis Commerce and Consumer Affairs Minister Scott Simpson Competition Innovation Commerce Commission Collaboration Mergers Consumers