Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Task force welcomes submissions on options

4 July 2005

Task force welcomes submissions on options for change

Michael Webb, Chair of the Financial Intermediaries Task Force, today welcomed the high number of submissions made to the task force and thanked people for their contributions at consultation meetings.

“We’ve received approximately 100 submissions from consumer and industry groups and other interested parties, and have had some very valuable discussions at public consultation meetings over the last month,” said Mr Webb.

“The discussions at the consultation meetings and the submissions have been very valuable to us in considering the recommendations we may make when we make our final report to the Minister in the next few weeks.

Mr Webb said common responses were around the importance of consumer education, the need for enhanced disclosure and standards, and effective redress for consumers.

“There is widespread support for changes in this area from both consumer and industry groups who have been involved in the process and a real desire on the part of industry participants to be recognised as providing value for New Zealanders,” said Mr Webb.

A summary of the submissions is available on the task force’s website. Copies of the submissions will be available on the website shortly.

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>