Credit where credit's due: Bayly's proposed financial facelift

Andrew Bayly (left) and Samantha Barrass both made speeches at a Financial Services Council meeting this week. (Image: Dileepa Fonseka/BusinessDesk)

Dileepa Fonseka

Thu, 01 Feb 2024

After commerce and consumer affairs minister Andrew Bayly presented his vision for sweeping changes in the financial services sector, he was rewarded with a vote of thanks. Some, however, could argue Bayly should have been the one thanking the person offering it.Much of Bayly’s speech and priorities around proposed reforms on Wednesday were outlined last month in an opinion piece by MinterEllisonRuddWatts partner Lloyd Kavanagh, the person doing the thanking.Kavanagh had criticised the blurring of the peaks within New Zealand&r...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Already a Subscriber ? Sign in here.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}