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Legal and regulatory update for the life and health insurance sector

AML/CFT review submissions have been reviewed and a summary released

The Government is reviewing the Search and Surveillance Act 2012 with targeted engagement being carried out during the first part of 2022 to be followed by wider public engagement later in the year

Review of a national framework to improve access to civil justice with submissions closing on 30 June 2022.

29 March 2022 – NZ Parliament completed the third reading of the Taxation (Annual Rates for 2021-22, GST, and Remedial Matters) Bill and introduced the Fair Pay Agreements Bill.

31 March 2022 – The Incorporated Societies Bill completed third reading in Parliament.

31 March 2022 – The International Financial Reporting Standards (IFRS) Board advised that the International Sustainability Standards Board (ISSB) had delivered proposals that create comprehensive global baseline of sustainability disclosures. The ISSB communicated plans for building upon the Sustainability Accounting Standards Board (SASB) Standards and for embedding SASB’s industry-based standards development approach into the ISSB’s standards development process.



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