AML requirements eased during lockdown
By Victoria Young | Fri, 27 Mar 2020
The regulators for the country's anti-money laundering regime have said physical checks under AML legislation can be scrapped while the country is in lockdown. Anti-money laundering rules introdu...
Aurora gets virus extension on $5m fine
By Gavin Evans | Wed, 25 Mar 2020
Dunedin electricity distributor Aurora Energy has gained additional latitude over the payment of almost $5 million of penalties due to the coronavirus crisis.The firm, which is planning a $400 million...
Essential services: Govt clarifies who's in and who’s out
By Victoria Young | Tue, 24 Mar 2020
The government has published a more detailed list of which businesses and organisations can be considered essential services as the country prepares for lockdown from midnight Wednesday. At a pres...
Crown Law advice on Auditor-General sacking 'manifestly deficient'
By Gavin Evans | Tue, 24 Mar 2020
Crown Law advice on the 2017 sacking of former Auditor-General Martin Matthews was “manifestly deficient” and didn’t reflect the important constitutional protection afforded him or other key independe...
COVID-19: Anti-competition laws relaxed for business
By Pattrick Smellie | Sun, 22 Mar 2020
The government is instructing its competition watchdog, the Commerce Commission, to "be more flexible than it might be in normal times" to let competing businesses work together, share resources, or t...
Regulators relax rules to help out public companies
By Victoria Young | Thu, 19 Mar 2020
The Financial Markets Authority and NZX are relaxing their rules to help companies during the coronavirus outbreak. The markets regulator is giving listed companies extra time to file accounts, w...
RBNZ can't say if or when it may approve AMP Life sale
By Jenny Ruth | Thu, 19 Mar 2020
The Reserve Bank said it won't approve AMP Life's sale of its New Zealand life insurance business if it is "not comfortable" with it and said it can't provide a time frame for a decision.The central b...
Coordinated rate cut to combat outbreak whips kiwi around
By Jenny Ruth | Mon, 16 Mar 2020
The Federal Reserve in the United States and a raft of other central banks in major economies have acted in concert to enhance liquidity in the global financial system and the Fed has slashed its key...