Legislation/In Parliament

Significant changes proposed for New Zealand's financial reporting statutory framework
The Government has released its remaining policy decisions on its 2009/2010 review of the statutory framework for financial reporting, announcing its intention to introduce a Financial Reporting Amendment Bill to Parliament in the first quarter of 2012.

Trustees and Statutory Supervisors Act in force
Trustees and statutory supervisors are now regulated under new rules overseen by the Financial Markets Authority.

Proposed tougher consumer credit laws target loan sharks
The Government plans to overhaul consumer credit laws to protect consumers from unscrupulous credit companies.

Companies and Limited Partnerships Amendment Bill 2011 introduced
In the final days of the 49th Parliament, outgoing Commerce Minister Hon Simon Power introduced the Companies and Limited Partnerships Amendment Bill.

Proposal to criminalise directors' duties
The Companies and Limited Partnerships Amendment Bill amends the Companies Act to introduce new offences in relation to serious breaches of two existing directors' duties.

Enquiries and information

For more information on any of the cases, articles and features in Financial Services Quarterly, please email Rachel Gowing or call on 64 9 916 8825.