Articles tagged with Mps
How New Zealand Saved $2.3B with a Smart, No-Nonsense Ferry Solution
2 days ago | 61 viewsThe speech highlights the shift from the failed, wasteful iReX ferry project to a fiscally disciplined, pragmatic approach that saves taxpayers $2.3 billion by focusing on essential infrastructure upgrades and acquiring two new ferries within a $1.7 billion budget. The new plan maintains support for rail, keeps costs low to benefit consumers, and involves collaboration with experienced industry partners, including a reputable Chinese shipbuilder, ensuring timely and efficient delivery by 2029. Emphasizing commonsense and practical expertise over costly overreach, the project is already underway with strong leadership and community support, promising a sustainable future for New Zealand’s Interislander ferry services.
Tags: Lachie Nadine Taylor Andrew Little Daran Ponter Chris Mackenzie Heather Simpson Greg Lowe Katherine Rich Iain McLeod Guangzhou Shipyard InternationalNew Zealand Introduces Safe Harbour Laws to Combat Online Scams Faster
4 days ago | 111 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
5 days ago | 56 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
1 week ago | 65 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
3 weeks ago | 144 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 Zealand Government Eases Climate Reporting Burden for Businesses to Boost Market Growth
1 month ago | 197 viewsCommerce and Consumer Affairs Minister Scott Simpson announces changes to support business growth and capital markets in New Zealand. The Government is adjusting climate reporting regulations to reduce costs and encourage listings on the NZX. Changes include raising the reporting threshold, adjusting liability settings, and excluding managed investment schemes. These adjustments aim to ensure robust reporting, maintain market competitiveness, and provide clearer information on investments for KiwiSaver and managed funds.
Tags: Government business growth capital markets climate reporting compliance costs Scott Simpson market capitalisation climate disclosures KiwiSaver investment Financial Markets Conduct Amendment BillJan Dawson Appointed as Chair of ACC Board by Minister Scott Simpson
1 month ago | 200 viewsJan Dawson has been appointed as the new Chair of the Accident Compensation Corporation (ACC) Board by Minister Scott Simpson due to her strong leadership and governance experience. Minister Simpson emphasizes the need for improved outcomes at ACC, highlighting the importance of prioritizing clients and delivering efficient rehabilitation services. Dawson's extensive background in governance and track record of driving results make her well-suited to lead the turnaround efforts at ACC, focusing on enhancing rehabilitation outcomes for injured New Zealanders.
Tags: Scott Simpson Jan Dawson ACC Board New Zealanders ACC scheme Port of Auckland Serko Mitre 10 KPMG New Zealand David HuntCommerce Minister Scott Simpson Strengthens NZ Partnerships in London
2 months ago | 203 viewsCommerce and Consumer Affairs Minister Scott Simpson is traveling to London to enhance New Zealand's partnerships in insurance, emergency preparedness, and business competition. He aims to showcase New Zealand's leadership in resilience and disaster recovery and strengthen ties with global partners facing similar challenges. The Minister's itinerary includes meetings with key industry players, a briefing at the New Zealand High Commission, and participation in events highlighting the New Zealand-UK relationship, such as the Battle of Britain Service and the Women's Rugby World Cup semi-final.
Tags: Scott Simpson London New Zealand Insurance Emergency preparedness Business competition Resilience Disaster recovery Aon Lloyd's of LondonNew Bill Bans Surcharges on Foreign and Commercial Cards for Easier Payments: Impact on Businesses and Consumers
2 months ago | 279 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
2 months ago | 229 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 ConsumersLocal Water Done Well: Government Legislation Benefits Communities Nationwide
2 months ago | 326 viewsThe 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.
Tags: Local Government Minister Simon Watts Commerce and Consumer Affairs Minister Scott Simpson Kiwis Watercare charter Three Waters policy Local Government (Water Services) Act Local Government (Water Services) (Repeals and Amendments) Act Commerce Commission councils water services delivery planNew Zealand Cabinet Agrees to Close Greyhound Racing Industry by 2026: Key Details and Transition Plan
3 months ago | 463 viewsCabinet in New Zealand has officially agreed to close the greyhound racing industry, with a bill being drafted to enact this decision by July 31, 2026, following concerns about animal welfare and safety issues outlined in multiple reviews. The Ministerial Advisory Committee has recommended a clear plan for transitioning away from greyhound racing, including re-homing programs and support for industry participants through a Transition Agency funded by the TAB. Racing Minister Winston Peters emphasizes the importance of public input during the process, highlighting the global trend of phasing out greyhound racing due to ongoing welfare and safety concerns.
Tags: Winston Peters Heather Simpson Murray Johnson Lindsay Burton Cabinet greyhound racing New Zealand animal welfare Transition Agency Ministerial Advisory CommitteeNew Law Introduces Offence for Disruptive Demonstrations at Private Homes in New Zealand
3 months ago | 522 viewsThe New Zealand Government is introducing a new offence to address disruptive demonstrations outside private homes, particularly those targeting public figures like MPs and judges. The legislation aims to protect individuals and their families' peace and privacy while balancing the public's right to demonstrate reasonably. The new law will target demonstrations directed at individuals in their homes with penalties of up to three months in jail or a $2,000 fine.
Tags: Government offence disruptive demonstrations private homes Justice Minister Paul Goldsmith public persons MPs judges public officialsTransforming New Zealand with Modern Digital Identity: Minister's Vision at Hui Taumata 2025
3 months ago | 870 viewsThe Minister for Digitising Government addresses the Digital Identity New Zealand Hui Taumata 2025, highlighting the importance of digital identity in transforming how New Zealanders access services. The government has made significant progress in developing a modern digital identity system, including the launch of NZ Verify and the Government App. Collaboration between the public and private sectors is encouraged to ensure the successful implementation and use of digital identity services for all New Zealanders.
Tags: Minister for Digitising Government Andy Higgs Maria Robertson Honourable Scott Simpson New Zealand Transport Agency Department of Internal Affairs Immigration New Zealand NZ Verify Dave Clark NZ MATTRMinistry for Regulation Launches Sector Review to Streamline Product Labelling Regulations
3 months ago | 694 viewsMinisters 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.
Tags: David Seymour Scott Simpson Minister for Regulation Commerce and Consumer Affairs Minister Kiwis New Zealand labelling regulations businesses consumers compliance costs