56280 (2025). Camilla Belich to the Minister of Commerce and Consumer Affairs

56280 (2025). Camilla Belich to the Minister of Commerce and Consumer Affairs: For what reasons, if any, have Non-Disclosure Agreements been used in each of the entities for which the Minister is responsible since 27 November 2023, broken down by category of issue (such as conduct, grievances, employment disputes, whistleblowing, or other)?

Hon Scott Simpson: I am advised the reasons for the use of Non-Disclosure Agreements since 27 November 2023 are as follows. • Accreditation Council: Personal grievances • Commerce Commission: Nil. It has standard provisions in employment agreements and contracts for services that relate to confidentiality and non-disclosure of the Commissions’ information. • External Reporting Board (XRB): A Non-Disclosure Agreement has been used as part of a Confidential Record of Settlement once under Section 149 Employment Relations Act 2000 (employment termination by way of redundancy). • Financial Markets Authority (FMA): Nil. All staff and contractors are subject to confidentiality obligations under their Individual Employment Agreements (or contracts for service as the case may be). These obligations are required in order to support the FMA’s statutory obligation of confidence under section 59 of the Financial Markets Authority Act 2011. • Retirement Commission: One Non-Disclosure Agreement has been used to engage a group of teachers for feedback on a financial education project that was not yet public. • Takeovers Panel: Nil