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Professional Indemnity Insurance Options

Legal and regulatory update for the life and health insurance sector

9 July 2021 – Department of Internal Affairs provided clarification on the obligation to undertake customer due diligence for nominee directors and nominee general partners under the Anti-Money Laundering and Countering Financing of Terrorism (Requirements and Compliance) Amendment Regulations 2021, which came into force today. https://www.dia.govt.nz/New-regulation-for-nominee-directors-and-nominee-general-partners

12 July 2021 – The Productivity Commission welcomed the Government’s response to its 2020 Technological change and the future of work inquiry, which confirms work will start on measuring the gig economy. https://www.productivity.govt.nz/news/commission-welcomes-moves-to-measure-the-gig-economy/

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