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Legal and regulatory update for the life and health insurance sector

3 Feb 2021 – FMA Chief Executive Rob Everett spoke at the Financial Services Council Outlook 2021 event about a year in review, a look to the year ahead and key learnings from the challenging year that was 2020. https://www.fma.govt.nz/news-and-resources/speeches-and-presentations/rob-everett-fsco-2021/

8 Feb 2021 – Government announced that, from 9 Feb 2021, employers can receive a $350 payment if their employees cannot work from home while awaiting a COVID-19 test result. https://www.beehive.govt.nz/release/new-covid-19-payment-supports-businesses

9 Feb 2021 – RBNZ announced that it is putting in place more stringent loan-to-value ratio (LVR) restrictions. The LVR restrictions do not apply to new residential construction. https://www.rbnz.govt.nz/news/2021/02/financial-stability-strengthened-by-firmer-lvr-restrictions

9 Feb 2021 – Treasury released the 2021 Budget Policy Statement. https://www.treasury.govt.nz/publications/budget-policy-statement/budget-policy-statement-2021

9 Feb 2021 – Minister of Finance speech delivered on the Budget Policy Statement. https://www.beehive.govt.nz/speech/speech-bnz-breakfast-budget-policy-statement

9 Feb 2021 – Minister of Health congratulated the inaugural Mental Health and Wellbeing Commission and its board, as the Commission marked its first day as an independent Crown entity. https://www.beehive.govt.nz/release/mental-health-and-wellbeing-commission-gets-work

9 Feb 2021 – The 2021 Parliamentary session commenced today.

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