Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search


Report On The Business Law Reform Bill

Commerce Committee Presents Report On The Business Law Reform Bill

On Monday the Commerce Committee presented its report on the Business Law Reform Bill.

“The Commerce Committee has examined the Business Law Reform Bill and recommends that the bill be passed with the amendments shown,” said the Chairperson, David Cunliffe.

The bill contains various amendments to a number of business law statutes and as referred was divided into nine separate parts. Most of the amendments contained in the bill are based upon suggestions from business law practitioners, enforcement agencies, and the wider business community. The bill also includes still outstanding recommendations of the Company Law Monitoring Group.

The committee recommended a number of changes to the bill, including:

 subjecting certain reports and communications of liquidators and receivers to absolute privilege in the context of their duty to report on suspected offences
 addition of a substantial new part relating to the Personal Property Securities Act 1999
 addition of a new part relating to the Receiverships Act 1993
 widening the pool of potential candidates for membership of the Securities Commission
 a threshold test for transfer of members or beneficiaries under the Superannuation Schemes Act 1989
 removal of one clause with controversial policy content
 a number of minor or technical amendments
 addition of two new schedules replacing the existing schedules to the Personal Property Securities Act 1999 incorporating amended definitions.

Contact for further details:

David Cunliffe (Chairperson) on (04) 471 6589 or
Alan Witcombe on (04) 471 9536

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines


Also, Loan Interest: Productivity Commission On Tertiary Education

Key recommendations include better quality control; making it easier for students to transfer between courses; abolishing University Entrance; enabling tertiary institutions to own and control their assets; making it easier for new providers to enter the system; and facilitating more and faster innovation by tertiary education providers... More>>


Higher Payments: Wellington Regional Council Becomes A Living Wage Employer

Councillor Sue Kedgley said she was delighted that the Wellington Regional Council unanimously adopted her motion to become a Living Wage employer, making it the first regional council in New Zealand to do so. More>>


Scoop Images:
Dame Patsy Reddy Sworn In As Governor-General

This morning Dame Patsy Reddy was sworn in as the New Zealand Realm’s 21st Governor-General. The ceremony began with a pōwhiri to welcome Dame Patsy and her husband Sir David Gascoigne to Parliament. More>>


Ruataniwha: DOC, Hawke's Bay Council Developer Take Supreme Court Appeal

The Department of Conservation and Hawke's Bay Regional Investment Company (HBRIC) are appealing to the Supreme Court over a conservation land swap which the Court of Appeal halted. More>>


With NZ's Marama Davidson: Women’s Flotilla Leaves Sicily – Heading For Gaza

Women representing 13 countries spanning five continents began their journey yesterday on Zaytouna-Oliva to the shores of Gaza, which has been under blockade since 2007. On board are a Nobel Peace Laureate, three parliamentarians, a decorated US diplomat, journalists, an Olympic athlete, and a physician. A list of the women with their background can be found here. More>>

Gordon Campbell: On The Key Style Of Crisis Management

At Monday’s post Cabinet press conference Key was in his finest wide- eyed “Problem? What problem?” mode. No, there wasn’t really a problem that top MPI officials had been at odds with each other over the meaning of the fisheries policy and how that policy should be pursued... More>>


Mt Roskill: Greens Will Not Stand In Likely Post-Goff By-Election

“The Green Party’s priority is changing the Government in 2017, and as part of that we’ve decided that we won’t stand a candidate in the probable Mt Roskill by-election... This decision shows the Memorandum of Understanding between Labour and the Green Party is working." More>>


Get More From Scoop



Search Scoop  
Powered by Vodafone
NZ independent news