32660 (2025). Arena Williams to the Minister of Commerce and Consumer Affairs

32660 (2025). Arena Williams to the Minister of Commerce and Consumer Affairs: Did the Minister support the inclusion of the MBIE drafted option to exclude active litigation in the Credit Contracts and Consumer Finance Amendment Bill, and if not, why not?

Hon Scott Simpson: My rationale for recommending the option ultimately contained in the Bill is set out in the relevant Cabinet paper and MBIE's Regulatory Impact Statement. The Cabinet paper can be accessed here: https://www.mbie.govt.nz/dmsdocument/30628-financial-services-reforms-policy-approvals-and-approval-of-the-credit-contracts-and-consumer-finance-amendment-bill-for-introduction-proactiverelease-pdf. The Regulatory Impact Statement is accessible via the Bill's explanatory note.