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Legal and regulatory update for the life and health insurance sector

8 Sept 2021 – NZ Police Financial Intelligence Unit published the July Suspicious Transaction Report together with a survey seeking feedback on the Suspicious Transaction Report. https://www.police.govt.nz/advice-services/businesses-and-organisations/nz-financial-intelligence-unit-fiu/fiu-reports

8 Sept 2021 – The Taxation (Annual Rates for 2021-22, GST, and Remedial Matters) Bill was introduced into Parliament. https://www.parliament.nz/en/pb/bills-and-laws/bills-proposed-laws/document/BILL_115767/taxation-annual-rates-for-2021-22-gst-and-remedial-matters

8 Sept 2021 – RBNZ released the results of its thematic review of bank liquidity, which identified areas for improvement. RBNZ also advised that it intends to commence a review of the liquidity policy in the first half of 2022. https://www.rbnz.govt.nz/news/2021/09/thematic-review-of-bank-liquidity-identifies-areas-for-improvement

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