Recent developments

Implementation of trans-Tasman mutual recognition of securities offerings
The Australian bill to implement the mutual recognition regime was introduced into the House of Representatives at the end of March. 

New securities law website
The Securities Commission has set up a website to help people understand the impact of the new legislation expected to be introduced in the next few months.

Credit card penalties to be investigated
The Commerce Commission has announced its intention to investigate credit card penalty fees to ensure they are reasonable.

Financier refunds $49,000 following breach of CCCFA
A financier has refunded $49,000 to consumers following receipt of a warning from the Commerce Commission for breaching the Credit Contracts and Consumer Finance Act.

Companies Office reviews fees
The Companies Office has reviewed its fee structure, with a resulting change in some fees from July.

Landonline help simplified
Since 16 April, the help and options available by calling 0800 LANDONLINE have been simplified.

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.