Commerce and Consumer Affairs Minister Kris Faafoi today confirmed Mark Todd as the new Chairman of the Financial Markets Authority (FMA), and Chris Swasbrook as an associate member.

Commerce and Consumer Affairs Minister Kris Faafoi says consumers will be able to have more confidence in financial advice under new disclosure requirements agreed by Government.

New Zealand’s continued access to key global financial markets is assured after legislation aligning New Zealand’s financial markets law with new international regulations reached its first milestone, Commerce and Consumer Affairs Minister Hon Kris Faafoi says.

The Government plans to stop the practice of ticket scalping, Prime Minister Jacinda Ardern and Commerce and Consumer Affairs Minister Kris Faafoi said today.

The New Zealand Government will closely analyse the outcomes of the Australian Royal Commission but has already committed to ensure consumer interests are protected in the banking and insurance sector.

The Government agreed at Cabinet today to fast-track customer protection measures in the financial sector.   

Commerce and Consumer Affairs Minister Kris Faafoi has today announced the start of public consultation on measures to strengthen the law protecting consumers and small business from anti-competitive behaviour by powerful firms.

Commerce and Consumer Affairs Minister Kris Faafoi today announced two appointments to the Commerce Commission and the appointment of a new member to the Accreditation Council.

Two independent advisers will help Commerce and Consumer Affairs Minister Kris Faafoi find the best way for people with life-shortening conditions to withdraw their KiwiSaver funds when they need to retire.

Commerce and Consumer Affairs Minister Kris Faafoi and Minister for Small Business Stuart Nash have today released a discussion paper outlining options to protect consumers and businesses from unfair commercial practices.

The retail fuel market will be the first Commerce Commission market study, Prime Minister Jacinda Ardern and Commerce and Consumer Affairs Minister Kris Faafoi announced today.

A Bill that allows consumers to know where food products come from passed in Parliament  last night, Commerce and Consumer Affairs Minister Kris Faafoi says.

Commerce and Consumer Affairs Minister Kris Faafoi says that while main centres make up more than 21,000 of 35,000 Takata alpha airbags still needing to be replaced, he’s concerned that some smaller communities have high numbers of vehicles needing attention.

Minister of Commerce and Consumer Affairs Hon Kris Faafoi today released an issues paper marking the first stage of public consultation on changes to the Copyright Act 1994, saying all Kiwis should consider taking part.

Consumer Affairs Minister Hon Kris Faafoi is urging New Zealanders to check if their vehicle has Takata Alpha-type airbags which are being recalled.

Banks must lift their game to ensure the rights of customers are protected, Commerce and Consumer Affairs Minister Kris Faafoi says.

Commerce and Consumer Affairs Minister Kris Faafoi has welcomed the passing of the Bill enabling market studies, advising the first market study could be confirmed by Christmas as

Commerce and Consumer Affairs Minister Hon Kris Faafoi travels to Canberra today and Melbourne tomorrow for meetings with Australian government Ministers and officials to discuss competition and consumer issues, banking regulation and tax issues relating to superannuation.

Commerce and Consumer Affairs Minister Kris Faafoi today announced the reappointments of Sue Begg and Elisabeth Welson as members of the Commerce Commission, and the appointment of a new associate member, John Crawford.

The Government is introducing tough new measures to protect people from loan sharks and truck shops, Prime Minister Jacinda Ardern and Commerce and Consumer Affairs Minister Kris Faafoi announced today.

Commerce and Consumer Affairs Minister Kris Faafoi travels to Sydney tomorrow (Friday) to progress open banking options for New Zealand consumers.

Minister of Commerce and Consumer Affairs Hon Kris Faafoi has asked the Prime Minister’s chief science advisor Professor Juliet Gerrard FRSNZ to work with the Ministry of Business, Innovation and Employment to ensure Standards New Zealand’s standard-setting process is robust.

Commerce and Consumer Affairs Minister Kris Faafoi today announced the start of public consultation on New Zealand’s plant variety rights law, which regulates intellectual property protection over new plant varieties.

Commerce and Consumer Affairs Minister Kris Faafoi and Transport Minister Phil Twyford today announced the Government’s measures to protect the public from wheel clampers charging excessive fees and preying on motorists.