Parliament

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

 

Government seeking more information on ASX rules

8 October 2001 Media Statement
Government seeking more information on ASX rule changes


Commerce Minister Paul Swain says his officials will preparing a submission to the Australian Government on the Australian Stock Exchange's proposal to amend its listing rules to update provisions relating to 'Foreign Exempt' companies.

"Our first reading of the decision from the ASX is that it could have important implications for New Zealand's capital markets," Paul Swain said.

"The government is seeking clarification from the Australians and I have asked my officials to look into the implications of the proposal.

"I have spoken to Minister for Financial Services and Regulation Joe Hockey and the New Zealand government will be making a submission on the rule change.

"We will be outlining the moves taken here to toughen up our continuous disclosure regime and other aspects of our securities market regulation which are bringing them more in line with Australian practice.

"We will also be raising the importance of the Memorandum of Understanding on Business Law Coordination with Australia and CER in order to get equitable treatment of New Zealand and Australian companies.

"I have spoken to the New Zealand Stock Exchange and they have advised that they will be consulting their own members and all jointly listed companies about the move.

"The NZSE will be reporting to the government after this consultation process and their advice will be factored into the response from government," Paul Swain said.

ENDS

For other releases by Paul Swain go to:
http://www.executive.govt.nz/minister/swain/index.html


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Bridges’ ‘Meth Crooks’ Leadership Failure

Back in June, Bridges publicly accepted that Housing NZ had got it wrong, and that the National government had acted upon bad advice.

Now, you’d think this admission would create a broad bi-partisan basis for compensation to those families who had been unfairly evicted, at considerable cost and emotional distress. Some people had lost their possessions in trying to meet the expense of the upheaval.

Not everyone felt so compassionate. More>>

 

Multimedia & Transcript: Acting PM's Press Conference

Winston Peters, Acting Prime Minister while Jacinda Ardern is in New York for the UN Leaders' Week, held a short press conference Monday after chairing this week's cabinet meeting. More>>

General Assembly: Ardern Rejects Trump Call For War On Drugs

New Zealand will not be signing the United States' document calling for global action on the war on drugs, Prime Minister Jacinda Ardern says. Ms Ardern is in New York for the United Nations General Assembly this week, along with about 140 other world leaders. More>>

ALSO:

Pay Equity: Cabinet Funds Deal For Oranga Tamariki Social Workers

The Minister said that an agreement in principle has been reached between Oranga Tamariki and the PSA on a settlement worth $114.6m over five years. More>>

ALSO:

Hunting v Pest Control: Tahr Control Needed To Protect Alpine Habitats

A cull of introduced Himalayan tahr browsing conservation land in Kā Tiritiri o Te Moana/ the Southern Alps is needed to protect special alpine plants and their habitats, Conservation Minister, Eugenie Sage said. More>>

ALSO:

Protest At Sea: Judge Discharges Greenpeace Activists

The judge today discharged Norman and Howell without conviction, saying the cumulative consequences of a conviction would be out of proportion to what was “low level” offending off the Wairarapa coast in April 2017. More>>

ALSO:

No Reshuffle: Meka Whaitiri Removed As A Minister

Meka Whaitiri will be removed as a Minister with immediate effect... The decision was made after receiving a report into an incident that occurred on 27 August in Gisborne, involving Meka Whaitiri and one of her staff. More>>

ALSO:

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels