Legislation/In Parliament

Taxation of securities lending transactions to catch up with foreign laws
In November 2004, the Government released a discussion document proposing reform of the taxation of securities lending transactions in New Zealand.

Review of the Financial Reporting Act part II
The second part of a two-part review of the Financial Reporting Act has been released. Its main provisions are summarised.

Government to review regulation of financial intermediaries
Last year, the Government announced its intention to appoint a task force to review the regulation of financial intermediaries in New Zealand. The role of the task force is to assess the existing regulatory framework for financial intermediaries and to recommend options for reform.

New bill proposes tougher securities laws
A new bill introduced into Parliament in November 2004 represents a continuation of recent securities law reform aimed at ensuring confidence in New Zealand's capital markets.

New Credit Reporting Privacy Code
This new code gives individuals the right to access personal information held by credit reporters and aims to increase the accuracy of this information.

Enquiries and information

For more information on any of the cases, articles and features in Financial Services Quarterly, please email Rachel Gowing or call on 64 9 916 8825.