News & thinking

Banking and Finance:

“Fit for purpose” financial services reform

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After first signalling the proposals in January, the Government has published three discussion documents under the tagline "fit for purpose". Together, these detail the Government's proposals to further amend consumer lending laws, change…

Corporate tax residence – setting up business in the New Zealand market and the impact of recent Australian Tax Office rulings

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Setting up business in New Zealand may be easy, however not having in place appropriate corporate governance practices can lead to costly tax residence consequences. Doing business in New Zealand We are frequently approached by global…

What the Australian Royal Commission means for New Zealand

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The final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was released in February. It highlights conduct by financial services entities "over many years" that has caused substantial…

Court of Appeal ruling challenges confidentiality of documents provided to the Financial Markets Authority

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Court of Appeal ruling challenges confidentiality of documents provided to the Financial Markets Authority The Court of Appeal has issued a much-awaited judgment regarding the ability of the Financial Markets Authority (FMA) to disclose to…

Final report of the Australian Royal Commission

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The final report of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry was released on 4 February 2019. The report is bleak: it makes uncomfortable reading for anyone who participates in the…

Financial services – Looking ahead to 2019

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Legal reform and the financial services sector go hand-in-hand, with almost constant regulatory change the norm. Looking ahead to 2019, there are two developments which will need particular attention – good conduct, and changes to financial…

Will the financial advice change affect you?

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The Economic Development, Science and Innovation Committee has reported back on the Financial Services Legislation Amendment Bill (FSLAB). FSLAB will amend New Zealand's financial advice laws, by replacing the current stand-alone Financial…