Page 9 - நுகர்வோர் வாழ்க்கைத்தொழில்கள் அமைச்சர் டேவிட் கிளார்க் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Government to introduce law to tackle merchant fees, saving businesses up to $74m

Tom Lee/Stuff Minister for Commerce and Consumer Affairs David Clark announced the KiwiSaver default provider shake-up. Merchant service fees were unregulated and have been set higher in New Zealand than they were in Australia, he said. The merchant fees could add significant overheads for retailers who often passed these costs on to consumers, he said. Following feedback from a recent consultation period, a Retail Payments Systems Bill will be introduced later this year to require reductions in interchange fees as soon as possible; to enable direct intervention by the Commerce Commission using a broad suite of powers to regulate different participants in the retail payment system; and to introduce a disclosure and reporting requirement to enable the commission to monitor the retail payments system.

New zealandDavid clarkCommerce commissionConsumer affairsConsumer affairs minister david clarkRetail payments systems billபுதியது ஜீலாந்துடேவிட் கிளார்க்வர்த்தகம் தரகுநுகர்வோர் வாழ்க்கைத்தொழில்கள்நுகர்வோர் வாழ்க்கைத்தொழில்கள் அமைச்சர் டேவிட் கிளார்க்

Financial sector to disclose climate impact

Financial sector to disclose climate impact New Zealand has become the first country to introduce a law which requires the financial sector to disclose the impact of climate change on businesses. Business by Richard Gluyas Premium Content Subscriber only New Zealand has become the first country to introduce a law which requires the financial sector to disclose the impact of climate change on businesses and how they will manage climate-related risks and opportunities. The legislation has been introduced to parliament and will receive its first reading this week. Commerce and Consumer Affairs Minister David Clark said it was important that every part of NZ s economy was helping to cut emissions and transition to a low-carbon future.

New zealandJames shawDavid clarkConsumer affairsConsumer affairs minister david clarkChange minister james shawபுதியது ஜீலாந்துஜேம்ஸ் ஷாடேவிட் கிளார்க்நுகர்வோர் வாழ்க்கைத்தொழில்கள்நுகர்வோர் வாழ்க்கைத்தொழில்கள் அமைச்சர் டேவிட் கிளார்க்மாற்றம் அமைச்சர் ஜேம்ஸ் ஷா

New Zealand Leads World in Corporate Reporting on Climate Change With New Law

New Zealand Leads World in Corporate Reporting on Climate Change With New Law New Zealand Prime Minister, Jacinda Ardern. Image credit: AFP Commerce and Consumer Affairs Minister David Clark says New Zealand has become the first country in the world to introduce a law that requires the financial sector to disclose the impacts of climate change on their business and explain how they will manage climate-related risks and opportunities. The Financial Sector (Climate-related Disclosure and Other Matters) Amendment Bill has been introduced to Parliament and will receive its first reading this week. All banks with total assets of more than NZ$1 billion ($703 million), insurers with more than NZ$1 billion in total assets under management, and all equity and debt issuers listed on the country’s stock exchange will have to make disclosures.

New zealandJames shawBryan groenendaalDavid clarkClimate change commissionConsumer affairsTask force on financial disclosuresConsumer affairs minister david clarkFinancial sectorClimate related disclosureAmendment billChange minister james shawAotearoa newTask forceClimate related financial disclosuresபுதியது ஜீலாந்து

Financial sector to disclose climate impact

Financial sector to disclose climate impact
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New zealandJames shawDavid clarkConsumer affairsConsumer affairs minister david clarkChange minister james shawபுதியது ஜீலாந்துஜேம்ஸ் ஷாடேவிட் கிளார்க்நுகர்வோர் வாழ்க்கைத்தொழில்கள்நுகர்வோர் வாழ்க்கைத்தொழில்கள் அமைச்சர் டேவிட் கிளார்க்மாற்றம் அமைச்சர் ஜேம்ஸ் ஷா

Financial sector to disclose climate impact

Financial sector to disclose climate impact
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