FSC Consultations 2025
The FSC submits regular industry feedback as the voice of the financial services industry to drive outcomes to grow the financial confidence and wellbeing of New Zealanders.
This page covers the consultations, discussion documents or Bills before Parliament that the FSC intends to submit on, or are open for noting.
Please click on the current consultations for more details on the FSC Submission Process and how FSC members can get involved. These pages are accessible to FSC members only, which include all staff at FSC member organisations. Please click here to sign up to the Member's Area.
Please refer to the 'Completed submissions and outcomes' section below for status updates and FSC Debriefs (accessible to FSC members only) detailing the outcomes of FSC activities in the submissions space.
Current consultations
- 13 June 2025 | XRB: Request for Information, The international alignment of climate reporting
Please contact FSC for details for the Workshop with XRB in lieu of a written submission - 23 June 2025 | Finance and Expenditure Select Committee: Financial Markets Conduct Amendment Bill
- 25 July 2025 | FMA: Streamlining Standard Conditions
Open consultations for noting:
The following consultations are also open, for noting:
- 18 June 2025 | CoFR: Issues Paper: Access to basic transaction accounts
- 21 June 2025 | Draft AML/CFT Assessing Country Risk Guidelines
Please contact FSC for a copy of the consultation - 23 June 2025 | Finance and Expenditure Select Committee: Financial Service Providers (Registration and Dispute Resolution) Amendment Bill
- 23 June 2025 | Finance and Expenditure Select Committee: Credit Contracts and Consumer Finance Amendment Bill
- 23 June 2025 | Finance and Expenditure Select Committee: Regulatory Standards Bill
- 25 June 2025 | Privacy Commissioner: Draft Guidance on IPP3A
- 30 June 2025 | 2025 Review of Retirement Income Policies 2025 Terms of Reference
- 17 July 2025 | FMA: Review of expiring class exemption notices and designations
2025 completed submissions and outcomes
| Date | Submission | Status |
| 1. 23 January 2025 | Employment Relations (Employee Remuneration Disclosure) Amendment Bill | Education and Workforce Select Committee Report due 6 May 2025 |
| 2. 14 February 2025 | MBIE: Enabling KiwiSaver investment in private assets | |
| 3. 14 February 2025 | MBIE: Adjustments to the climate-related disclosures regime | |
| 4. 9 May 2025 | ||
| 5. 12 May 2025 |
MBIE: Targeted Consultation on the Contracts of Insurance Act |
|
| 6. 30 May 2025 |
FMA: Proposed reporting, audit and assurance exemptions for schemes in wind-up |
|
| 7. 6 June 2025 |
2024 completed submissions and outcomes
| Date | Submission | Status |
| 1. 9 February 2024 | GST and Managed Funds Proposed Arrangement Description |
Interpretation Statement and the Commissioner’s Operational Position |
| 2. 1 March 2024 | FMA: Proposed fair outcomes for consumers and markets | Outcomes Focused Regulation Report |
| 3. 22 March 2024 | IR: Qualifying registered overseas pension schemes (QROPS) tax proposals |
See Final Taxation Act. FSC Debrief on the Bill here |
| 4. 2 April 2024 | IR: Portfolio Investment Entity (PIE) Eligibility requirements |
See Final Taxation Act. FSC Debrief on the Bill here |
| 5. 14 May 2024 | FMA: Renewal of class exemption for restricted schemes from custodian assurance requirements | 2024 Notice available here |
| 6. 3 June 2024 | Finance and Expenditure Select Committee: Contracts of Insurance Bill | See FSC Debrief here |
| 7. 14 June 2024 | Justice Select Committee: Privacy Bill | Awaiting final Act |
| 8. 19 June 2024 | Ministry of Business, Innovation & Employment: Financial services conduct regulation | Bill currently before Parliament |
| 9. 30 August 2024 | FMA: Proposed Guidance on References to Climate Statements in Disclosure Documents | Guidance not progressing |
| 10. 5 September 2024 | Law Commission: Review of the protections in the Human Rights Act 1993 for people who are transgender, people who are non-binary and people with innate variations of sex characteristics | Awaiting possible amendments to the Human Rights Act |
| 11. 5 September 2024 | Economic Development, Science and Innovation Select Committee: Customer and Product Data Bill |
Select Committee Report here FSC Debrief coming soon |
| 12. 17 September 2024 | RBNZ: Exposure Draft of the Second Amendment of the Interim Solvency Standard | Updates from RBNZ to be provided to 13 November FSC ISS Working Group |
| 13. 19 September 2024 | Economic Development, Science and Innovation Select Committee: Regulatory Systems (Economic Development) Amendment Bill |
No mention of points made in submission. The FSC will look at other avenues to address. |
| 14. 9 October 2024 | Finance and Expenditure Select Committee: Taxation (Annual Rates for 2024-25, Emergency Response, and Remedial Matters) Bill | FSC Debrief on the Bill here |
| 15. 25 October 2024 | FMA: Regulatory returns for financial institution licensees | Final question set here |
| 16. 30 October 2024 | XRB: Proposed 2024 Amendments to Climate and Assurance Standards | See FSC Debrief here |
| 17. 11 November 2024 | IR Tax Technical: GST treatment of fees paid in relation to managed funds | See above |
| 18. 28 November 2024 | Ministry of Justice: Possible changes to the probate threshold | Awaiting decision |
2023 completed submissions
Click here to view a list of the FSC's 2023 submissions.
2022 completed submissions
Click here to view a list of the FSC's 2022 submissions.