32686 (2025). Arena Williams to the Minister of Commerce and Consumer Affairs

32686 (2025). Arena Williams to the Minister of Commerce and Consumer Affairs: Further to 28880, why not?

Hon Scott Simpson: This is a commercially sensitive matter for a range of lenders who may have liability under the law that is proposed to be amended with retrospective effect. How this area of the law applies is being actively considered by the courts in class litigation against two of the largest banks in New Zealand. These two factors have limited the nature and extent of consultation we could appropriately undertake.