Articles tagged with Commerce And Consumer Affairs Minister
Showing 10 of 10 articles
Government Imposes Tougher Regulation on Tiaki Wai to Ensure Water Service Accountability in Wellington
28 Aug 2026 | 1 week ago | 222 viewsThe New Zealand Government will impose a 10-year performance requirement regulation on Wellington's water services provider, Tiaki Wai, following a Commerce Commission recommendation to ensure stronger accountability and transparency. This regulation grants the Commission the power to set binding performance standards, prioritizing critical projects and ensuring the $25 billion investment over 30 years is effectively managed and delivers promised infrastructure improvements. Ministers emphasize that this independent scrutiny aims to restore public confidence by guaranteeing that water charges are transparently used for necessary network upgrades rather than being hidden within general rates.
Tags: Simon Watts Cameron Brewer Tiaki Wai Wellingtonians Local Government Minister Commerce and Consumer Affairs Minister Commerce Commission water services provider New Zealand Local Water Done WellNew Zealand Targets Electricity Network Reforms to Lower Power Bills and Boost Efficiency
19 Aug 2026 | 3 weeks ago | 297 viewsNew Zealand’s rising electricity bills are largely driven by electricity distribution network costs, prompting the government to seek reforms for greater affordability, reliability, and efficiency in the sector. The Ministry of Business, Innovation and Employment (MBIE) has released a discussion document proposing actions to enhance collaboration among Electricity Distribution Businesses (EDBs), improve economic regulation, and strengthen governance to support increased electrification and innovation. The government is inviting public feedback on these potential reforms to ensure investments deliver value for consumers and help moderate future power costs.
Tags: Simeon Brown Cameron Brewer Electricity Distribution Businesses Commerce Commission MBIE New Zealand Energy Minister Commerce and Consumer Affairs Minister Frontier Review Energy PackageGovernment Seeks Feedback on Capital Market Reforms to Boost Kiwi Business Growth
14 Jul 2026 | 1 month ago | 398 viewsThe Government is seeking feedback on the next phase of capital market reforms aimed at lowering the cost of raising capital for Kiwi businesses and improving returns for investors, with a focus on modernizing rules to keep pace with innovation and maintain investor protections. This phase follows last year’s reforms that reduced compliance costs and barriers to listing on the NZX, and now targets eight specific areas including product disclosure, director liability, crowdfunding limits, and broker activity. The consultation, open for six weeks, invites input from businesses, investors, and financial advisers to help create dynamic, competitive markets that support economic growth.
Tags: Cameron Brewer Commerce and Consumer Affairs Minister KiwiSaver MBIE NZX New Zealand Government capital market reforms economic growth crowdfundingNew Zealand Government Advances Infrastructure Funding Reforms to Boost Housing Growth
25 Nov 2025 | 9 months ago | 938 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 Bill Bans Surcharges on Foreign and Commercial Cards for Easier Payments: Impact on Businesses and Consumers
16 Sep 2025 | 11 months ago | 1212 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
15 Sep 2025 | 11 months ago | 1030 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
26 Aug 2025 | 1 year ago | 1199 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 planMinistry for Regulation Launches Sector Review to Streamline Product Labelling Regulations
06 Aug 2025 | 1 year ago | 1618 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 costsNew Zealand Bans Surcharges to Save Millions: Commerce Minister's Decision
28 Jul 2025 | 1 year ago | 3277 viewsCommerce 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.
Tags: surcharges money Kiwis Commerce and Consumer Affairs Minister Scott Simpson New Zealanders ban payments fees Commerce CommissionNew Zealand Anti-Scam Alliance: Fighting Online Financial Scams Together
10 Jul 2025 | 1 year ago | 1867 viewsImportant 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.
Tags: online financial scams government industry consumer groups Commerce and Consumer Affairs Minister Scott Simpson Kiwis scams Alliance