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Partners talk finance law reform across Tasman
The implications for Australian-based business of the significant reform of New Zealand's finance sector law was on the agenda at a Sydney seminar today.
Bell Gully partners David Craig and Hugh Kettle briefed 70 Sydneyside lawyers and banking specialists on the changes and their impact on Australian entities doing business in New Zealand.
At a seminar at the Radisson Plaza Hotel, David and Hugh outlined the key components of the reform, recently approved in principle by the New Zealand Government. The most significant reform in decades, it is the equivalent of Australia’s Financial Services Reform and will affect every entity offering financial services or financial products in New Zealand.
Further changes are also afoot in the new trans-Tasman securities regime, which will allow Australian entities to seamlessly issue securities on both sides of the Tasman without having to comply with the bulk of New Zealand's securities laws – and vice versa.
To view a copy of the seminar presentation slides click here.
For further information please contact David Craig or Hugh Kettle.
