News

FMA issues warning about General Equity (30 September 2014)

The Financial Markets Authority (FMA) has issued a warning about General Equity (previously named General Equity Building Society), a New Zealand registered building society. The warning recommends that the public exercise extreme caution when dealing with General Equity. FMA says it considers that General Equity has engaged in misleading and... More about FMA issues warning about General Equity.

Southland highest "not proved" rate (25 September 2014)

Statistics New Zealand information on adult prosecutions (most serious offence) in New Zealand courts during the year to 30 June 2014 show that 83.6% of adults prosecuted were convicted, with 11.8% not proved and 4.4% given diversion or discharged without conviction. The outcomes varied by court cluster, with 15.7% of... More about Southland highest "not proved" rate.

Regulators succeed in court actions (25 September 2014)

Court actions by regulating government agencies have resulted in fines and other penalties. Auckland-based Bollywood Entertainment Bazaar Ltd and its manager Rana Asif were convicted at Manukau District Court on 22 September 2014 for the sale of non-compliant unlabelled Asian-sourced DVDs. As well as fines of $2,000 plus $260 court... More about Regulators succeed in court actions.

Electronic shared care record systems well-managed says Commissioner (25 September 2014)

The Privacy Commissioner has released a report on three electronic shared care record (SCR) system, saying they are well-managed projects that are appropriately mitigating privacy risks. However, the Electronic Shared Care Records Review: Elements of Trust report says continued attention to privacy is needed if health consumer and provider trust... More about Electronic shared care record systems well-managed says Commissioner.