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


Commerce Minister welcomes capital market report

Hon Simon Power
Minister of Commerce
29 November 2008 Media Statement

Commerce Minister welcomes capital market report

Commerce Minister Simon Power has welcomed the Capital Market Development Taskforce’s interim report, saying it would receive his urgent attention.

The report recommends changes to stock-market rules and to securities laws and regulations aimed at improving processes for raising capital. It notes that some of the changes would simply remove unnecessary duplication in the current regulations.
"Thriving capital markets are important for economic growth, and during the current difficult economic circumstances it is important the Government respond quickly with carefully considered and positive support for our businesses," Mr Power says.
"These interim recommendations are focused on reducing the costs to businesses of raising capital and were produced in response to the current circumstances.
“Although the taskforce was not due to report back till September next year, publishing an interim report in view of the current crisis is a welcome initiative.

“I look forward to working through these ideas with its chair, Rob Cameron, and other taskforce members, and will consider these proposals within the context of the wide range of work the Government is putting in place in response to these difficult times.”

Mr Power intends to meet Mr Cameron in the next few days as the Government responds to financial pressures facing businesses.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Another Leader Exiting: Statement From Peter Dunne

I have concluded, based on recent polling, and other soundings I have been taking over the last few weeks, that, the volatility and uncertainty notwithstanding, there is now a mood amongst Ōhāriu voters for a change of MP, which is unlikely to alter...

“I have therefore decided that it is time for me to stand aside, so the people of Ōhāriu can elect a new electorate MP. More>>


Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>


Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>


Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>


Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>


Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>


Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>


Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>





Featured InfoPages

Opening the Election