News and notices

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Start date for the new financial advice regime confirmed

The Government has confirmed that the new financial advice regulatory regime set out in the Financial Services Legislation Amendment Act 2019 will come into force on 15 March 2021.

Read the full story at Financial Service Providers Register
Primary Register: Financial Service Providers Register Published:

FMA opens consultation on standard conditions for full licensing for financial advice

The Financial Markets Authority (FMA) has opened consultation on the proposed full licence standard conditions for Financial Advice Providers, as part of the new financial advice regime. The consultation is open until Friday, 7 August 2020.

Read the more about this consultation at Financial Service Providers Register
Primary Register: Financial Service Providers Register Published:

FMA KiwiSaver tracker updated, showing part of COVID-19 impact

The FMA’s online KiwiSaver tracker tool has been updated with the quarterly fund information for March 2020, reflecting the volatility that hit markets in the first quarter of the year.

Read more about this update at Disclose Register
Primary Register: Disclose Register Published:

Summary of submissions: Proposed regulations

Following public consultation on proposals to implement the Insolvency Practitioners Regulation Act 2019, including setting the fees and levy under the scheme, a summary of submissions, and MBIE’s responses, is now available.

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Primary Register: Companies Office Published:

We’re accepting ‘remote’ declarations during COVID-19

In response to the need for physical distancing during COVID-19, the Companies Office will, as a temporary measure, accept statutory declarations that meet the requirements of the Oaths and Declarations Act 1957 but are taken by alternative means.

Read the full story at Companies Register
Primary Register: Companies Register Published:

COVID-19 impact on Insolvency Practitioners Regulation legislation

New Insolvency Practitioners Regulation legislation is scheduled to come into force on 17 June 2020 however this may be delayed.

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Primary Register: Companies Office Published:

Law changes to help businesses through COVID-19

The COVID-19 Response (Further Management Measures) Legislation Bill, introduced to Parliament on 5 May 2020, includes a wide range of measures to support businesses and other entities through the pandemic.

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Primary Register: Companies Office Published:

Fraudulent roofing contractor Sam Oliver Spence imprisoned for breaches of company and insolvency laws

On 5 May 2020, Sam Oliver Spence, a roofing contractor, was sentenced in the Auckland District Court.

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Primary Register: Companies Office Published:
Primary Register: Companies Register Published:

Annual returns - Regulatory relief for retirement villages

Retirement Villages Operators that have an annual return due up to and including the month of September are able to seek regulatory relief by requesting an alteration of their annual return month where appropriate.

Read the full story at Retirement Villages
Primary Register: Retirement Villages Published:

Insolvency relief for businesses impacted by COVID-19

The Government will be introducing legislation to make changes to the Companies Act to help businesses facing insolvency due to COVID-19 to remain viable, with the aim of keeping New Zealanders in jobs.

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Primary Register: Companies Office Published:

The impact of COVID-19 on incorporated societies

We appreciate that these are challenging times for everyone, and that circumstances related to COVID-19 may be affecting your ability to meet your legal and procedural obligations as an incorporated society over the coming months.

Read the full story at Incorporated Societies
Primary Register: Incorporated Societies Published:

Minimum standards published for licensing and accreditation under the Insolvency Practitioners Regulation Act 2019

The Registrar of Companies has published minimum standards, conditions and requirements for ongoing competence for the licensing of insolvency practitioners, and minimum standards for the accreditation of bodies, after a period of public consultation.

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Primary Register: Companies Office Published:

Change to the start of the new financial advice regulatory regime

The start of the new financial advice regulatory regime, set out in the Financial Services Legislation Amendment Act 2019, will be delayed from 29 June 2020 to early 2021.

Read the full story at Financial Service Providers Register
Primary Register: Financial Service Providers Register Published:

Business as usual for the PPSR

The PPSR continues to operate normally, allowing you to register, search and maintain financing statements.

Read the full story at Personal Property Securities Register
Primary Register: Personal Property Securities Register Published:

COVID-19 Update

The Companies Office is prioritising the health and well-being of our people and our customers in response to the latest developments of COVID-19.

Read more about what we're doing
Primary Register: Companies Office Published:

Want to know more about the legal aspects of the Personal Property Securities Register?

The New Zealand Credit & Finance Institute (NZCFI) are running a workshop in Wellington concentrating on the legal aspects of the Personal Property Securities Act (PPSA) and its application in the PPSR system.

Read the full story at Personal Property Securities Register
Primary Register: Personal Property Securities Register Published:

Business.govt.nz provides free tools to help small businesses

The free information and resources on business.govt.nz focuses on key pain points for small business including tax, employment, health & safety, and cash flow.

Read more about some of the tools that business.govt.nz offers.
Primary Register: Companies Office Published:

Standardised e-Invoicing now available in New Zealand

In December 2019, the first e-Invoice was exchanged between New Zealand businesses using the global, standards based framework – Peppol, setting the scene for billions of dollars in business transaction savings each year.

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Primary Register: Companies Office Published:

Improvements coming for the Limited Partnerships Registers website

On 4 March 2020, we’re improving the Limited Partnerships Registers website, making it easier to access and use.

Read the full story at Limited Partnerships (New Zealand & Overseas)
Primary Register: Limited Partnerships (New Zealand & Overseas) Published: