The Financial Markets Authority is the New Zealand government agency responsible for enforcing securities, financial reporting and company law as they apply to financial services and securities markets. The FMA also regulates securities exchanges, financial advisers and brokers, auditors, trustees and issuers - including issuers of KiwiSaver and superannuation schemes. The FMA jointly oversees designated settlement systems in New Zealand, with the Reserve Bank of New Zealand (RBNZ).
The Inland Revenue Department has a handy guide for setting up a business in New Zealand with specific focus on business taxation and obligations on employers.
Inland Revenue collects 80% of the Crown's revenue as well as collecting and disbursing social support programme payments and providing the government with policy advice.
Inland Revenue administers a number of Acts and Regulations which are all listed on the New Zealand Legislation website at www.legislation.govt.nz.
The Reserve Bank of New Zealand manages monetary policy to maintain price stability, and supplies New Zealand banknotes and coins. The Reserve Bank regulates banks, insurers and non-deposit takers (including finance companies that take deposits from the public, building societies and credit unions).
The Bank is also one of three supervisors tasked with ensuring firms meet obligations designed to help deter and detect money laundering and terrorist financing.
The Intellectual Property Of New Zealand grants and registers intellectual property (IP) rights in New Zealand. Some operational functions of the IPONZ also include processing and examining patent, trade mark, design, plant variety right and geographical indication applications, implementing international agreements, conducting dispute hearings about intellectual property registrations/ eligibility, contributing to intellectual property rights policy development, and acting as a receiving officer for the World Intellectual Property Organisation.
The Ministry of Business, Innovation and Employment (MBIE) is the government’s lead business-facing agency. The MBIE doesthis by working with others to help businesses to be more competitive, improving job opportunities for all and by ensuring good quality housing is more affordable. MBIE was formed in July 2012 by bringing together the Ministry of Economic Development, Ministry of Science and Innovation, Department of Labour and Department of Building and Housing.
The Commerce Commission is New Zealand's primary competition regulatory agency. It enforces legislation that promotes competition in New Zealand markets and prohibits misleading and deceptive conduct by traders. Their mandate includes the telecommunications, dairy, electricity, gas pipelines and airport sectors. The Commission is an independent Crown entity established under section 8 of the Commerce Act 1986.