56292 (2025). Camilla Belich to the Minister of Commerce and Consumer Affairs

56292 (2025). Camilla Belich to the Minister of Commerce and Consumer Affairs: What is the total cost, if any, of settlement agreements in each of the entities for which the Minister is responsible since 27 November 2023, broken down by month?

Hon Scott Simpson: I am advised the total costs of settlement agreements since 27 November 2023 are as follows: • Accreditation Council: o Q2 2025: $89,000 • Commerce Commission: For the purposes of this response, “total cost of settlement agreements” includes all costs paid to the employee associated with the agreements except legislated leave entitlements. o Q1 2024: $158,079.76 o Q2 2024: $159,169.28 o Q3 2024: $104,128.77 o Q4 2024: $62,982.92 o Q1 2025: $20,722.56 o Q2 2025: $7,471.42 o Q3 2025: $106,000.88 • External Reporting Board (XRB): o Q4 2024: $52,033 • Financial Markets Authority (FMA): Recent organisational changes have involved some people transitioning through settlement or redundancy arrangements which are not individually differentiated as part of the annual reporting process. These numbers below reflect actual redundancies and actual settlements separately. o Q2 2024: $25,000 o Q3 2024: $12,500 o Q2 2025: $103,250 o Q3 2025: $40,000 o Q4 2025: $84,567 • Retirement Commission: Nil • Takeovers Panel: Nil *To protect the privacy of persons involved, the totals have been done by quarter, and any number of people less than 5, has been given <5.