Regulatory Systems (Economic Development) Amendment Bill
This bill makes small fixes to 24 different laws that mostly deal with business and commerce in New Zealand. Think of it like routine maintenance — correcting outdated wording, updating processes to allow emails instead of faxes, and tidying up rules for things like building societies, charities, credit unions, electricity, and fibre internet. One notable change extends the right for fibre companies to install cables through shared property (like apartment buildings) for another three years, without needing everyone's permission.
What this affects
Tap a topic to see how this bill touches it, and the parts of the text that show it.
The bill tidies up rules for businesses like auctioneers, motor vehicle traders, building societies, credit unions, and companies that deal in financial products.
The bill would amend 24 Acts, mostly administered by the Ministry of Business, Innovation and Employment (MBIE). The changes predominantly relate to commerce and consumer affairs.
New section 32A inserted (Unfair contract terms in FMC standard form contracts): If a court has declared... that a term in an FMC standard form contract is an unfair contract term, a person must not include the unfair contract term in an FMC standard form contract.
Progress through Parliament
Have your say
This bill is open for public submissions to the Economic Development, Science and Innovation Committee. Anyone can tell the committee what they think, and you don’t need to be an expert. Submissions close 18 September 2024.
Bill text sourced from legislation.govt.nz (Parliamentary Counsel Office). Arapono’s summary and breakdown are drafted with AI grounded in that official text and reviewed by an Arapono editor for accuracy and neutrality before publishing. Arapono is non-partisan and takes no position on this bill.