Legislation/In Parliament

Significant changes to the Australian Double Tax Agreement
On 27 June, the New Zealand and Australian governments signed a revised Double Tax Agreement that, once in force, will replace the existing New Zealand-Australian Double Tax Agreement entered into in 1995.

Financial services law reform - how will this affect your business?
A raft of legislation was passed by the New Zealand Parliament late last year that will substantially reshape the regulatory landscape for financial service s providers.

Government deposit guarantee scheme to be extended
The government guarantee on lending deposits is to be extended.

Securities and Financial Advisers Amendment Bills
The Securities (Disclosure) Amendment Bill, which amends the Securities Act 1978, has been passed, as has the Financial Advisers Amendment Bill, which makes some minor changes to the Financial Advisers Act 2008.

Proposed changes to the Insolvency Act 2006
The Commerce Committee has recommended that the Insolvency Amendment Bill 2009 be passed , with a few minor amendments.

Anti-Money Laundering and Countering Financing of Terrorism Bill
A guide to the Anti-Money Laundering and Countering Financing of Terrorism Bill.

Government moves on finance company moratoria
The Government hopes to have regulations simplifying and clarifying disclosure obligations for finance company moratoria introduced by the end of the year.

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.