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


Beyer and Quinn re-appointed

27 January 2005 Media Statement

Beyer and Quinn re-appointed to Securities Commission

Commerce Minister Pete Hodgson today announced the re-appointment of Colin Beyer and Cathy Quinn to the Securities Commission for second terms of five years which commence in February 2005.

“Colin Beyer and Cathy Quinn are both excellent contributors to the Commission and will provide continuity in the current period of growth, capacity building and the addition of new powers”, Pete Hodgson said.


Cathy Quinn Cathy Quinn is a commercial corporate partner of Minter Ellison Rudd Watts. A leading lawyer in the field of securities and corporate governance she co–authored Morison’s Company and Securities Law. Ms Quinn was appointed as a member of the sub-committee on securities law issues following the inaugural Australia New Zealand Leadership Forum which was held in May 2004. The nature and future of the relationship between the two countries was a focus of the Forum.

Colin Beyer As a lawyer practising in Wellington for more than 40 years, including 10 years as partner in Simpson Grierson, Colin Beyer specialised in company, commercial and mining law. In 2003 he retired from Simpson Grierson but remains a consultant to the firm. He has considerable private sector governance experience including 10 years as Chair of Tower Corporation and subsequently five years as Chair of Tower Limited as well as directorships on Capital Power Limited and Trustpower Limited. He remains Chair of Capital Properties New Zealand Limited.

Securities Commission The Commission is a Crown entity the role of which is to regulate the securities market. The Commission achieves this through its statutory functions under the Securities Act 1978 and the Securities Markets Act 1988.

Its statutory functions include:

enforcement of securities law including insider trading, substantial security holder disclosure, and offers of securities to the public;

reviewing and making enquiries into market practices;

a supervisory role in relation to securities exchanges;

granting exemptions from securities law;

promoting public understanding of the law and practices relating to securities;

co-operating with overseas regulators; and

providing administrative and support services to the Takeovers Panel.

The Commission also has various advisory functions under the Corporations (Investigation and Management) Act 1993 and the Reserve Bank of New Zealand Act 1989.

Under the proposed Securities Legislation Bill the Commission’s functions will be enhanced including through an increased range of penalties and remedies available for breaches of securities trading law and in taking on a public enforcement role in relation to investment advisers and broker obligations.

Criteria for Membership of the Commission

The ten members of the Commission are appointed by the Governor-General on the recommendation of the Minister. When considering appointments the Act requires the Minister to recommend candidates who have knowledge of, or experience in, industry, commerce, economics, law, accountancy, public administration, or securities. At least one member must be a barrister or solicitor with a minimum of seven years experience.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines



Australia Deportations: English Relaxed On Immigration Centre Conditions

Labour's Annette King: “There have been numerous reports from inside these detention centres on just how bad conditions are... If they were being held in any other foreign jail, I imagine Mr English would be somewhat concerned. More>>


Schools: Achievement-Based Funding Would Be A Disaster

The Education Minister’s speech to the PPTA Conference raising the spectre of achievement data driving a new funding system would be disastrous, says NZEI Te Riu Roa. More>>

  • Video Out-Link - PPTA Annual Conference 2015 on Livestream (Q+A dicussion suggests funding would be directed to less successful schools.)

  • ALSO:

    ECE Report:

    Key In NY: Prime Minister Addresses United Nations

    Prime Minister John Key has addressed the United Nations General Assembly in New York, focusing on a call for action in Syria and on other conflicts, reform of the veto process and on the UN’s Sustainable Development Goals. More>>.


    Gordon Campbell: On The Lack Of Accountability Over Philip Smith

    In New Zealand, accountability is an exotic creature rarely glimpsed at ministerial level, or among senior management. The flight to Rio by the paedophile /murderer Philip John Smith/Traynor is no exception. More>>


    More On Corrections

    Gordon Campbell: On Putin’s Diplomatic Coup Over Syria

    There’s a simple historical precedent for what is occurring in Syria. During WWII, the Allies joined forces with a known butcher and tyrant – Joseph Stalin of the Soviet Union – in order to defeat a greater evil, Nazi Germany… More>>


    Key 'Didn't Know': Brownlee Seeks Pandas In China

    While Defence Minister Gerry Brownlee is in China pushing a taxpayer funded deal to bring two pandas to New Zealand, the country’s military look set to be hit with a pay freeze, Opposition Leader Andrew Little says. More>>


    Scoop Business: GCSB Willing To Extend Cyber-Attack Programme To Local ISPs

    The Government Communications Security Bureau’s ‘Cortex’ cyber-security programme has been successful in helping identify and mitigate a series of cyber attacks since its introduction and an extension to cover local internet service providers is still on the cards... More>>


    Get More From Scoop



    Search Scoop  
    Powered by Vodafone
    NZ independent news