Advice seen by Minister

Source: Tertiary Education Commission

Date
Reference Number
Title

19 December 2019
AM/19/01484
Aide-Memoir: Discussion paper: establishing a CoVE specialising in Secondary Tertiary Programmes, Multiple Pathways and Transitions (PDF 1.4 MB) 

5 December 2019
B/19/01460
Funding Agreement between the Crown and Lincoln University (PDF 1.3 MB) 

3 December 2019
1210568
Education Report: High-level decisions on the unified funding system for discussion at the strategy session on 12 December (PDF 7.8 MB)

22 November 2019
B/19/01385
Tertiary Education Commission 2019/20 Quarter One Performance Report

20 November 2019
B/19/01340
Tertiary Education Report: August 2019 Fees-Free Enrolment Update (PDF 658 KB) 

20 November 2019
B/19/01339
Tertiary Education Report: August 2019 Enrolment Update (PDF 590 KB) 

15 November 2019
AM/19/01341
Expenditure accrual adjustment to Vote Tertiary Education

13 November 2019
AM/19/01357
Overview of standard operating procedures and/or code of practices for TEI accommodation services

11 November 2019
Cabinet paper
Confirmation of Crown capital investment to support the rebuild of Lincoln University’s science facilities (PDF 1.2 MB)

7 November 2019
AM/19/01351
Tertiary Education Institution Accommodation Overview

1 November 2019
AM/19/01338
No recoveries for exceeding prior achievement limit in 2019 for YG and SAC 1-2

29 October 2019
B/19/01328
Tertiary Education Commission Annual Report for the year ended 30 June 2019

25 October 2019
AM/19/01337
Reform of Vocational Education Programme Governance – Update

24 October 2019
E/19/01252
Ako Aotearoa 2019 Tertiary Teaching Excellence Awards Evening – 30 October 2019

23 October 2019
B/19/01284
Crown support for Whitireia Community Polytechnic

15 October 2019
E/19/01277
Launch of Drawing the Future event on 18 October at Porirua East School

14 October 2019
B/19/01260
Report to Ministers from the University of Canterbury Futures Governance Oversight Group

14 October 2019
B/19/01275
ITP constitutions for two councils

9 October 2019
AM/19/01258
AgResearch business case for a new building at Lincoln University

4 October 2019
E/19/01256
Opening the 15th New Zealand Vocational Education and Training Research Forum on Tuesday 15 October 2019

25 September 2019
B/19/01192
Update on Careers System Strategy Engagement Process (PDF 500 KB) 

20 September 2019
B/19/01175
Tertiary Education Commission draft Annual Report for the year ended 30 June 2019 (PDF 276 KB) 

19 September 2019
B/19/01211
Tertiary Education Report: Draft Cabinet paper on supporting the rebuild of Lincoln University’s science facilities and reallocation of funding to Tai Poutini Polytechnic (PDF 159 KB) 

17 September 2019
B/19/01023
Review of the appointment of the Commissioner of Whitireia and WelTec (PDF 250 KB) 

13 September 2019
B/19/01210
Establishing a Stakeholder Advisory Group for Reform of Vocational Education

13 September 2019
B/19/01209
Workforce Development Council and ITO Workstream: Progress update (PDF 861 KB) 

13 September 2019
1204429
Briefing Note: Unified Funding Work Programme: Progress update (PDF 3.6 MB)

10 September 2019
E/19/01176
Ministerial visit to the University of Auckland on Tuesday, 10 September 2019

9 September 2019
E/19/01176
Ministerial visit to the University of Auckland on Tuesday, 10 September 2019 (PDF 871 KB) 

9 September 2019
E/19/01169
Meeting with Greg Wallace, Chief Executive of Master Plumbers on Thursday 12 September 2019

6 September 2019
B/19/01141
ITP constitutions for seven councils (PDF 297 KB) 

2 September 2019
E/19/01158
Ministerial visit to Unitec Institute of Technology on Tuesday, 3 September 2019 (PDF 3.2 MB) 

27 August 2019
B/19/01065
Tertiary Education Report: Lincoln University Programme Business Case: Moving Forward (PDF 487 KB) 

27 August 2019
B/19/01086
Tertiary Education Report: April 2019 Fees-Free Enrolment Update (PDF 640 KB) 

21 August 2019
B/19/01085
Tertiary Education Report: April 2019 Enrolment Update (PDF 826 KB)

19 August 2019
E/19/01093
Minister of Education Opening the Primary ITO Symposium on Tuesday 20 August 2019

8 August 2019
AM/19/00929
Fees-free monitoring and addressing non-complying TEOs

26 July 2019
E/19/00868
Ōritetanga Learner Success Conference (PDF 240 KB) 

26 July 2019
AM/19/00971
Talking Points for Cabinet on 29 July 2019 – NZIST Establishment Board Appointment

25 July 2019
B/19/00928
Lincoln University and the University of Canterbury Partnership Proposal (PDF 1.5 MB) 

24 July 2019
B/19/00882
Crown support for Tai Poutini Polytechnic (PDF 670 KB)

20 July 2019
AM/19/00790
WAIKATO INSTITUTE OF TECHNOLOGY 2018 Annual Report (PDF 459 KB) 

19 July 2019
AM/19/00959
Southern Institute of Technology’s proposal for Telfrod – Talking point for Cabinet

19 July 2019
AM/19/00954
Annotated Agenda – NZ Institute of Skills and Technology Establishment

17 July 2019
B/19/00773
Update on Careers System Strategy and Career Action Plan (PDF 275 KB) 

17 July 2019
B/19/00867
Southern Institute of Technology’s proposal for operating Telford in 2020 and 2021 (PDF 486 KB) 

15 July 2019
AM/19/00800
Assurance findings for the Reform of Vocational Education Programme

15 July 2019
B/19/00763
2020 Investment Round Update: Indicative Allocations

11 July 2019
E/19/00879
Minister to visit Otago University on 12 July 2019 (PDF 465 KB) 

10 July 2019
B/19/00819
Manukau Institute of Technology– council constitution (PDF 402 KB) 

10 July 2019
AM/19/00880
Compliance monitoring of fees-free tertiary education and prosecution for false statutory declarations

4 July 2019
B/19/00785
TEC 2018/19 Quarter Three Performance Report (PDF 355 KB) 

3 July 2019
B/19/00861
Review of the appointment of the Commissioner of Unitec (PDF 289 KB) 

1 July 2019
B/19/00840
2018 Educational Performance Indicators (PDF 1.1 MB) 

1 July 2019
AM/19/00820
Te Whare Wānanga o Awanuiārangi 2018 Annual Report (PDF 506 KB) 

1 July 2019
B/19/00708
Publication of the Tertiary Education Commission’s Statement of Intent 2019/20–2022/23 and Statement of Performance Expectations 2019/20 (PDF 274 KB) 

1 July 2019
AM/19/00827
Aide-Memoire: Lincoln University Programme Business Case: Moving Forward (PDF 303 KB) 

1 July 2019
B/19/00840
2018 Educational Performance Indicators

28 June 2019
E/19/00835
Meeting with Service Skills Institute Incorporated on Monday 1 July 2019

25 June 2019
AM/19/00821
Talking Points for APH on 26 June 2019 – Appointment to the council of Te Whare Wānanga o Awanuiārangi (PDF 219 KB)

20 June 2019
AM/19/00790
WAIKATO INSTITUTE OF TECHNOLOGY 2018 Annual Report

19 June 2019
AM/19/00797
Growing the Food and Fibres Sector – Recommendations for the TEC

17 June 2019
E/19/00776
University of Canterbury – Opening of the Rehua Building on 25 June 2019 (PDF 326 KB) 

12 June 2019
E/19/00690
Meeting with the Commissioner of WelTec and Whitireia (PDF 346 KB) 

12 June 2019
AM/19/00749
Update on Whitireia Community Polytechnic and the Wellington Institute of Technology

10 June 2019
AM/19/00739
Update on the current situation of funding training and education of carers

7 June 2019
B/19/00702
Recognition of Skills Active Aotearoa Limited as an industry training organisation (PDF 1.1 MB) 

31 May 2019
B/19/00709
Waikato Institute of Technology Council Constitution (PDF 441 KB) 

31 May 2019
AM/19/00704
Unitec Institute of Technology 2018 Annual Report (PDF 408 KB)

31 May 2019
B/19/00706
2018 final full-year enrolments at tertiary education organisations

31 May 2019
AM/19/00707
Update on the financial position of ITPs

30 May 2019
B/19/00703
Recognition of the Funeral Service Training Trust of New Zealand as an industry training organisation (PDF 479 KB) 

30 May 2019
B/19/00701
Recognition of Primary Industry Training Organisation as an industry training organisation (PDF 897 KB) 

30 May 2019
E/19/00705
Meeting with UCOL on 5 June 2019  (PDF 2.6 MB)

27 May 2019
AM/19/00648
Advice on options to support the University of Canterbury following the Christchurch mosque attacks

24 May 2019
B/19/00650
Ministerial appointment to Te Whare Wananga o Awanuiarangi

17 May 2019
B/19/00706
2018 Final Full-Year Enrolments at Tertiary Education Organisations (PDF 1.1 MB) 

17 May 2019
B/19/00640
Tai Poutini Polytechnic Capital Injection – Final Milestone (PDF 386 KB) Tai Poutini Polytechnic Capital Injection Appendix A (PDF 1.6 MB) 

16 May 2019
AM/19/00651
Western Institute of Technology at Taranaki 2018 Annual Report (PDF 516 KB) 

10 May 2019
E/19/00555
Meeting with Professor Jan Thomas from Massey University on 22 May 2019 (PDF 682 KB) 

10 May 2019
E/19/00644
Meeting with Southland Federated Farmers

9 May 2019
B/19/00613
Letters for Ministerial appointments to two tertiary education councils (PDF 286 KB) 

8 May 2019
E/19/00509
Minister to speak at the Open Polytechnic Graduation on Thursday, 23 May 2019 (PDF 3.2 MB).

3 May 2019 
AM/19/00611
Lincoln University 2018 financial results (PDF 247 KB) 

3 May 2019
AM/19/00615
Ministerial Appointment to the council of Te Whare Wānanga o Awanuiārangi

23 April 2019
B/19/00527
Release of the 2018 PBRF Quality Evaluation Results 

10 April 2019
E/19/00512
Meeting with Primary Industry Training Organisation on Thursday 11 April 2019 

9 April 2019
E/19/00473
Meeting with WITT to discuss RoVE on 11 April 2019 

8 April 2019
E/19/00482
Meeting with Andrew Robb from Tai Poutini Polytechnic on 11 April 2019 

3 April 2019
B/19/00451
Salvation Army foundation education delivery consultation outcomes 

3 April 2019
B/19/00469
Inspiring Futures – Response 

2 April 2019
E/19/00465
Ministerial visit to open new Tech Park Campus development at Manukau Institute of Technology on 5 April 2019 

28 March 2019
E/19/00446
BusinessNZ Major Companies Group – Chief Executive Forum on Friday 5 April 2019 

27 March 2019
B/19/00448
Letters for Ministerial appointments to eight tertiary education institution councils 

27 March 2019
B/19/00442
Toi Ohomai Institute of Technology – council constitution 

25 March 2019
B/19/00360
2018 Interim Full-Year Enrolments at Tertiary Education Organisations 

18 March 2019
AM/19/00414
Talking Points for APH on appointments to eight ITP councils 

14 March 2019
B/19/00161
TEC 2018/2019 Quarter Two Performance Report 

12 March 2019
E/19/00396
Meeting with The Skills Organisation 14 March 2019 

12 March 2019
E/19/00398
Meeting with Careerforce Thursday 14 March 2019 

12 March 2019
B/19/00381
Letters for Ministerial appointments to two university councils 

7 March 2019
B/19/00158
Careers System Strategy Workstream Implementation Update 

5 March 2019
AM/19/00330
Talking Points for APH on appointments to two TEI Councils 

1 March 2019
E/19/00166
Meeting with Competenz Chair and Chief Executive Thursday 7 March 

1 March 2019
E/19/00234
Local Government New Zealand Rural and Provincial Meeting 

27 February 2019
E/19/00165
Visit to Telford (PDF 326 KB) 

26 February 2019
E/19/00150
Meeting with primary industry leaders to discuss your vision on Reform of Vocational Education (PDF 269 KB) 

25 February 2019
E/19/00246
Meeting with the Tertiary Education Union (TEU) at Waikato Institute of Technology (Wintec) (PDF 2 MB) 

15 February 2019
B/19/00082
Lincoln University and the University of Canterbury Partnership Proposal: next steps (PDF 2.3 MB) 

11 February 2019
AM/19/0060
World Economic Forum OECD Release of Envisioning the Future of Education and Jobs: Trends, Data and Drawings report (PDF 159 KB) 

7 February 2019
AM/19/00083
2018 full-year enrolment reporting timeline (PDF 397 KB) 

1 February 2019
B/19/00081
Southern Institute of Technology’s proposal for operating Telford in 2019 (PDF 393 KB) 

February 2019
Cabinet paper
Council Appointments for Ara Institute of Canterbury, Eastern Institute of Technology, Manukau Institute of Technology, NorthTec, Otago Polytechnic, Tai Poutini Polytechnic, Toi Ohomai Institute of Technology, UCOL and the Western Institute of Technology at Taranaki (PDF 320 KB) 

30 January 2019
B/19/00055
Appointment of an advisory committee to support the Commissioner of Whitireia and WelTec (PDF 202 KB) 

29 January 2019
AM/19/00064
Computer in Homes Tender (PDF 824 KB) 

28 January 2019
AM/19/00063
Meeting with the Chancellor and Vice-Chancellor of the University of Canterbury (PDF 1.2 MB) 

21 January 2019
E/19/00010
Ara Institute of Canterbury – Manawa and Outpatients facility opening on Thursday 31 January 2019 (PDF 1.2 MB) 

11 January 2019
B/19/00028
Update World Economic Forum: Launch of Envisioning the Future of Education and Jobs (PDF 554 KB) 

8 January 2019
B/19/00007
University of Auckland – amendment to council constitution (PDF 303 KB) 

Consultation on Industry Skills Boards’ coverage

Source: Tertiary Education Commission

Last updated 21 May 2025
Last updated 21 May 2025

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We consulted on a proposed model for the number and coverage groupings of Industry Skills Boards. The consultation has now closed.
We consulted on a proposed model for the number and coverage groupings of Industry Skills Boards. The consultation has now closed.

The Government is proposing to set up seven Industry Skills Boards (ISBs) that cover these broad areas:

Automotive industries
Construction industries
Infrastructure industries
Food and fibre industries
Service industries
Manufacturing and technology industries
Social and community industries.

As part of setting up Industry Skills Boards, some industries and sectors that are currently covered by a Workforce Development Council are proposed to be covered by the New Zealand Qualifications Authority.
These proposals were covered in the Consultation Document ISB Coverage (PDF 426 KB).
Frequently asked questions
Consultation was open from Monday 28 April until 5.00pm, Tuesday 20 May.
Thank you to the groups and individuals that made submissions. Your views will help inform final decisions by the government on the number and coverage of Industry Skills Boards. They will also inform the detailed coverage provisions in ISBs’ Orders in Council. These Orders will be consulted on later this year.
New work-based learning model

FMA issues a warning on managed investment scheme

Source: Budget 2025 – Greenpeace braced for ‘scorched earth’ budget from Govt

Media Release  
MR No. 2025 – 16

The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – has issued a public warning about a managed investment scheme operated by Jesse Joseph Vaughan and former NZ company Crypto Partners Limited (CPL). 

FMA Executive Director of Response and Enforcement Louise Unger said, “We understand that Mr Vaughan, the sole director and shareholder of formerly registered company CPL, has offered investments in a managed investment scheme (MIS) operated by CPL. He did so without holding a MIS manager licence, and without providing the required disclosure, which are both contraventions of the Financial Markets Conduct Act 2013. 

Mr Vaughan also told his investors in a newsletter that he had applied for a MIS manager’s licence, and that it was being reviewed by the FMA.  

“I can confirm that neither Mr Vaughan nor CPL has ever applied to the FMA for any form of market services licence, said Ms Unger. One of the main purposes of the market services licensing regime is to require licensees to act with integrity, diligence and skill and in the best interests of investors using their services. We consider that CPL and Mr Vaughan’s conduct has been contrary to these obligations and investors are likely to have experienced significant detriment as a result.  

The FMA will continue to take actions when we see misconduct damaging the trust and confidence in New Zealand’s financial markets and businesses. We do this to both prevent and deter others from doing this and, in this case, to hold Mr Vaughan to account,” concludes Ms Unger. 

If you are an investor in CPL, let us know  

If you are an investor in CPL and have not received the return of your investment, or you have recently been contacted by Mr Vaughan inviting you to invest in his business, we encourage you to report the details to the FMA.  

Media contact  

Update on the Pushpay insider trading appeal

Source: Budget 2025 – Greenpeace braced for ‘scorched earth’ budget from Govt

Media Release  
MR No. 2025 – 15

The Financial Market Authority (FMA) – Te Mana Tātai Hokohoko – has welcomed the Court of Appeal’s decision on the Pushpay insider trading appeal. 

In August 2023 the defendant was found guilty of an insider trading offence following a four-week trial in the Auckland High Court. They were sentenced to six months community detention and a fine of $100,000. In April 2024 they appealed the conviction and the High Court’s decision to refuse name suppression. The Crown also appealed the sentence, saying it was manifestly inadequate.  

FMA Head of Enforcement Margot Gatland says, “We were pleased with the Court’s decision to uphold this conviction. Insider trading is a serious offence that undermines investor confidence in New Zealand markets. The FMA will continue to take action when we see this type of misconduct as it damages the trust and confidence in New Zealand’s financial markets and businesses.” 

In its judgment the Court of Appeal:  

  • dismissed the appeal against conviction,  
  • dismissed the appeal against the refusal to grant name suppression, pending final decision of the conviction appeal, with the existing interim name suppression to continue for seven days post judgment, and
  • granted the Crown’s appeal against the sentence in part, increasing the fine aspect of the sentence to $200,000.  

Name suppression continues for seven days to allow the defendant to notify family members and/or business interests in advance of name suppression lapsing.   

ENDS

Background

The case, brought by the FMA, centered around the resignation and sell-down of shares of former Pushpay co-founder and Director Eliot Crowther in June 2018. The FMA considered Mr Crowther’s intention in this regard to be material information, which, if generally available, would be likely to have a material effect on the price of Pushpay’s shares at the time.  

The FMA alleged that the defendant knew of, and used, that information to advise or encourage others to trade in the lead up to Mr Crowther’s announcement.  

Mr Crowther’s trading was legitimate, and he was not party to the proceedings. 

Related media releases 

FMA alleges insider training of Pushpay shares

Guilty verdict media release

Media contact 

If you have any questions about this media release, please contact [email protected]  

Westpac to pay $3.25 million penalty for misleading customers

Source: Budget 2025 – Greenpeace braced for ‘scorched earth’ budget from Govt

Media Release
MR No. 2025 – 14

Westpac is to pay a penalty of $3.25 million for misleading customers entitled to advertised discounts as well as overcharging some of its business customers. Westpac admitted its conduct in civil proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – at the High Court in Auckland in December 2024.

Westpac’s breaches of the fair dealing provisions under the Financial Markets Conduct Act 2013 (FMCA) affected a total of 24,621 customers and resulted in $6.35m in overcharges. Westpac admitted having made misrepresentations in respect of the following historic issues:

  • Customers entitled to various benefits under Westpac’s Employee, Gold and Platinum (EGP) packages failed to receive the advertised discounts
  • Personal and business banking customers failed to receive benefits under one of Westpac’s other advertised packaged arrangements
  • Westpac failed to honour agreed pricing for business customers who held a “Business Transact Account”.

FMA Head of Enforcement, Margot Gatland, said, “Westpac’s issues stemmed from deficiencies in its systems that meant the bank failed to deliver contractually agreed discounts to their customers. Westpac used preferential pricing to attract and retain customers, without having systems that could reliably deliver on those promises.”  

Westpac has remediated impacted customers. “The FMA acknowledges Westpac’s full cooperation throughout the FMA’s investigation, and the work it undertook to remedy the issues,” said Ms Gatland.

“The $3.25 million penalty against Westpac reflects the number of customers affected,” Ms Gatland said. “The relationship between financial institutions and their customers must be one of trust. Customers should rightfully expect to be treated fairly and that agreements between the two parties will be honoured.”

In his penalty decision Justice Venning said, “I accept Westpac’s submission there is no suggestion that its conduct was deliberate or wilfully misleading, nor that there was any intention to intentionally deprive customers of benefits. While it had in place systems, the systems were insufficient.”

ENDS

Media contact

If you have any questions about this media release, please contact [email protected]


Related

FMA v Westpac – Judgment [PDF 265KB]

Westpac admits to misleading representations that resulted in $6.35m in overcharges
 

Experienced retail investor found liable for market manipulation

Source: Budget 2025 – Greenpeace braced for ‘scorched earth’ budget from Govt

Media Release  
MR No. 2025 – 13

Kok Ding Cheng, an experienced retail investor, has been ordered to pay the Crown a pecuniary penalty of $198,000, following a civil proceeding brought by the Financial Markets Authority (FMA) – Te Mana Tatai Hokohoko for market manipulation.  

The FMA’s case centred on five small orders for of NZX-listed shares of Rua Bioscience Limited (RUA) that Mr Cheng made over a 10-day period during late 2020 via a broking account he held with ASB Securities.  The Court found in making each of those five orders, which ranged from $59 to $540, Mr Cheng breached s265 of the Financial Markets Conduct Act 2013 which prohibits trade-based market manipulation.  The Court found that Mr Cheng deliberately placed the orders for the purpose of increasing the price and/or demand for Rua shares.

Mr Cheng did not file a statement of defence during the proceeding, and so the proceeding progressed by way of formal proof hearing.  

FMA Head of Enforcement, Margot Gatland said, “Mr Cheng’s orders lacked a genuine commercial purpose and were instead made for the purposes of increasing the price and/or demand for RUA shares at a time when he held a material shareholding in the company.  

“Market manipulation undermines confidence in financial markets because it means investors can’t trust prices or market activity to be genuine. We take cases of market manipulation seriously to ensure New Zealand’s markets reflect genuine supply and demand, in order to preserve their integrity and reputation.

“We considered Mr Cheng’s conduct warranted a strong response to deter market manipulation. This case and the Judge’s ruling are important reminders that trade-based market manipulation can occur when trading through online share brokerage accounts. Investors should be careful to understand their obligations when trading online, as trading listed shares for disingenuous reasons can result in liability.” 

The $198,000 is to be paid to the Crown after it is first applied to the FMA’s actual costs in taking the case. 

ENDS 

Media contact  
If you have any questions about this media release, please contact [email protected]   


Related links  

FMA vs Cheng Judgment [PDF 415KB]

FMA files market manipulation case against Kok Ding Cheng for trading of Rua shares

FMA confirms fintech sandbox participants

Source: Budget 2025 – Greenpeace braced for ‘scorched earth’ budget from Govt

Media Release  
MR No. 2025 – 12 

The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko has announced the six fintech firms who will be testing their innovative products, services or business models in the FMA’s pilot regulatory sandbox.  

The successful fintech firms are: 

Fintech firm Details on their intentions
ECDD Holdings Limited ECDD Holdings Limited (part of the exchange service Easy Crypto) intends to launch a yield bearing NZD-backed stablecoin and to generate revenue from interest earned on money held on trust in interest-bearing accounts.
Emerge Group Limited Emerge is a digital banking alternative offering products like debit cards, current accounts, and in-app expense tracking. Customer funds are currently held in trust with a partner bank but Emerge aims to transition to higher yielding options such as government bonds. 
Homeshare

Homeshare offers investors the opportunity to own a fractional share of real estate, with each property divided into 1,000 equal shares. These shares are tokenised and can be bought and sold via an online platform.

IndigiShare

IndigiShare aims to improve access to capital for Māori entrepreneurs and small businesses. It seeks to offer Te Whare Manaaki (a koha loan platform), as a way to lower barriers to entry for indigenous businesses and enable community entrepreneurship.  

Invest in Farming Co-op IIF (Invest in Farming) is an Australian-based cooperative that connects investors to farming by digitising ownership of livestock, aquaculture, horticulture, and agriculture. It allows investors to own a share of agricultural assets, where investment returns are unlocked on the sale of the stock or crop.
Tandym Limited A group investment platform enabling people to form groups and build wealth together in a social and engaging way – while removing administrative burden.

FMA Executive Director Strategy and Design Daniel Trinder says, “We offered this pilot sandbox to spur innovation for both startups and established licensed financial institutions. We received 24 applications to be part of the sandbox and went through a thorough review process to determine which of the firms would be chosen to be part of the pilot.” 

The criteria used to determine the final six was: 

  • genuine innovation exists that is either unique or solves an existing issue, 
  • likely benefit to consumers,  
  • the product or service does not pose high risk of causing consumer harm, 
  • there is a demonstrated need to be in the sandbox, 
  • the firm is ready and has a product to test, and  
  • the management team have appropriate experience and skills to execute the sandbox testing plan. 

“During the pilot they can test new products and services in a controlled environment, helping them to obtain a deeper understanding of supervisory expectations,” says Daniel. “The opportunity to adjust a product or service before full commercial launch may also help reduce costs for firms. 

“We see clear benefits for the FMA too. By working closely with the firms during their time in the sandbox, we expect to gain greater insights into the benefits and risks of financial innovation and new technologies. Experiences gained through such a testing phase should allow us to react faster and more effectively to any potential regulatory and supervisory problems. It should also highlight gaps around investor and customer protection, allowing development of more appropriate and timely solutions.” 

The FMA is committed to supporting financial services innovation and is grateful for the constructive work and support from FintechNZ throughout the process. 

ENDS

Background 

You can read more about the launch of our regulatory sandbox pilot on our website

FMA launches regulatory sandbox pilot

Innovation

Media contact 

If you have any questions on this media release, please contact [email protected]  

Football Fever – Show your pride with Auckland’s ride

Source: Auckland Transport

Date: 21 May 2025

Auckland Transport is throwing its support behind Auckland FC as the Black Knights continue their charge to capture football’s A League crown in their inaugural season. 

Having already claimed the Premiers’ Plate by finishing top of the table, Auckland hosts Melbourne Victory at Go Media Mount Smart Stadium at 6pm this Saturday May 24 in the second match of a home and away semifinal, with the winner booking a place in the Grand Final. 

While Auckland won the first match 1-0 In Melbourne, the team will still need home fans to bring the noise this weekend and AT is coming to the party, offering free travel on buses and trains included in match tickets. Special Event buses will also be running from Albany, stopping at all Northern Busway stations before heading to the stadium. 

Match ticket holders can simply show their ticket to the bus driver or train staff member when boarding and remember to keep their tickets for the ride home.  

The Special Event bus drivers will be showing their support, being decked out in Auckland FC scarfs and there will be free face painting at Albany Bus Station and Waitematā (Britomart) and Newmarket train stations. There will be a Soccer Shootout event at Britomart’s Te Komititanga Square to put your skills to the test and Pacific drummers playing outside Penrose Station to hype fans up on their way to the match. 

AT CEO Dean Kimpton says with more than 28,000 fans expected at Mount Smart, AT is pleased to be able to support them to get to the game efficiently and safely. 

“As a fan of the Black Knights’ and their outstanding season, it’s been fantastic to enjoy the real buzz around the city and beyond they have brought to us. It’s going to be a big weekend for Auckland so we’re asking people to plan their trips ahead of time so they can travel smoothly,” Mr Kimpton says. 

“Just like after all big events in Auckland and around the world there may be a bit of a wait while our team works hard to help get you home onboard our buses and trains.” 

Fans of the oval ball will also be able to enjoy free travel on buses and trains included in match tickets and free face painting at Albany Bus Station for this weekend’s Black Ferns clash with USA at North Harbour Stadium. 

More traffic expected for Mt Wellington, NZTA and AT plans in full swing

Source: Auckland Transport

Date: 13 May 2025

Auckland Transport (AT) and the NZ Transport Agency Waka Kotahi (NZTA) are collaborating to tackle congestion in Mt Wellington.

AT is planning to create new transit and heavy vehicle lanes on two major roads that feed vehicles to and from State Highway 1 (SH1) in the afternoon and is now seeking public feedback on the proposal.

The lanes will make travel quicker and more reliable for delivery vehicles, buses, and people carpooling, says AT’s Road Network Optimisation Manager Chris Martin.

“Our analysis shows that 11 percent of vehicles moving through here are heavy vehicles or trucks carrying goods, which is higher than normal in Auckland. It would be fantastic to get these vehicles that are essential to our economy out of traffic and moving more efficiently.”

“On Sylvia Park Road, the road is wide enough for us to add another lane, but this will require painting broken yellow lines on the other side of the road so that one or two parked cars don’t block the road for everyone else,” he says.

“On Mt Wellington Highway, we are at the point where we need to reallocate the lanes on both sides, so that we can improve productivity and essentially move more people through the same road space.

“These roads are already very busy with more people living and working in the area. We expect these roads to get busier once IKEA opens, so we’re planning now to get ahead of the congestion crunch,” Mr Martin says.

AT’s proposals will link existing transit lanes on Great South Road and Atkinson Road and tie in with NZTA’s work.

NZTA is currently making changes to improve the traffic flow onto the motorway and reduce congestion at the Mt Wellington Highway interchange. The improvements include expanding the current two-lane onramp into three lanes on the southbound approach to SH1 as well as converting the existing give-way controlled left turning southbound slip lane into a signalised pedestrian crossing.  This will allow three lanes of traffic on the on-ramp to reduce the number of vehicles queueing on this busy road.

The motorway improvements will ensure that unless a pedestrian wants to cross the road, the slip lane will aways be green to allow a free-flowing left turn, plus a third on-ramp lane will let vehicle movement to continue even when double lane traffic is turning right from the south.

Auckland System Management (ASM) began construction works on the motorway improvements last month.

“The project’s primary goal is to ease congestion at the Mt Wellington Highway interchange, particularly for those heading south to the SH1 motorway and improve pedestrian safety,” says Paul Geck, Alliance Manager, ASM.

Both AT and NZTA’s plans are designed to be implemented quickly for the 20,000 plus vehicles that use these roads daily. NZTA’s works are taking place at night and are expected to be complete in July 2025. 

Ward Councillor Josephine Bartley is encouraging people to tell AT what they think of the proposal.

“AT’s job is to make the road network as efficient as possible. It’s good to see that AT and NZTA are working on this together and I am cautiously optimistic that this will help everyone spend less time in traffic in the evening. 

“If you live in the area, work in the area, or travel through the area, take a look at what’s proposed and consider how it could improve the local road ecosystem,” she says.

Feedback is open on AT’s proposed changes for Keeping Mt Wellington Moving at haveyoursay.at.govt.nz until 8 June 2025.

Release: Bugs on David Seymour’s school lunch menu

Source: New Zealand Labour Party

The latest shocker to come out of David Seymour’s school lunches is an insect being found in a student’s meal.

“Just when we thought David Seymour’s school lunches couldn’t get any worse – he surprises us with a new low,” Labour’s education spokesperson Willow-Jean Prime said.

“First it was exploding lunches, then frozen lunches, then it was plastic and glass, now it’s a bug. This is an insult to our students. Our children deserve better than this.

“David Seymour promised all issues would be fixed come start of Term 2, but they’re not.

“New Zealand Food Safety must be thorough in its investigation into this as finding an insect in a school lunch is an appalling further drop in standards.

“If David Seymour’s shocking track record on school lunches is anything to go by, once he becomes Deputy Prime Minister we’re in for some more nasty surprises,” Willow-Jean Prime said.


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