Trans-Tasman trash: How Australia opens a back door for bad investment products to NZ

The trans-Tasman Mutual Recognition agreement opens NZ up to crappy financial products via a “low bar”. (Image: Getty)

Tue, 05 Aug 2025

Under the trans-Tasman Mutual Recognition agreement, Australian-registered managed investment schemes gain almost free entry into the New Zealand market.And as the top Australian financial regulator, Joe Longo, implied in a speech at the end of July, the trans-Tasman Mutual Recognition (TTMR) agreement opens NZ up to a boatload of crap financial products shipped across the Ditch.Longo, who chairs the Australian Securities and Investment Commission, told an industry symposium that the country’s “managed investment scheme regime is ve...

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