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Watching Brief – May 2015

Home Insights Watching Brief – May 2015

Matter of opinion

Fear of the Proportionate - Reflections on the UK Election

Any lingering desire here to return to first past the post (FPTP) should be further extinguished after the recent UK 2015 election. Faced with the prospect of a multiple party parliament, the UK constitutional machinery looked anachronistic and unsuited for a modern democracy. 

Looking from this side of the world, the degree of scaremongering about the prospect of a multi party government was striking. The UK has had a number of coalition governments in the past, but in the build up to the election you would be forgiven for believing this had never been the case. The spectre of a Labour/SNP government in particular was portrayed as nothing short of apocalyptic (“A Nightmare on Downing Street” shrieked the Telegraph).

Lack of familiarity with a modern multiple party systems (which operate very well in many modern western democracies) meant susceptibility to press scare tactics. The UK public remain deeply suspicious of anything other than a one party majority. At the election before last, initial talks between the Lib Dems and Labour and the Conservatives (so normal to us under MMP) were viewed as “horsetrading” – non-democratic and dishonourable. 

There will be a multitude of reasons why the polls were wide of the ultimate result by such a large margin and why the Conservatives did so well: an incumbent party increasing seats has not been seen since the 1983 Thatcher election. However, fear about the move away from two (or three) party politics, and a lack of understanding about effective proportional government, certainly played a role.

Another take out from this election is the disconnect between the voting percentages and the seats won by each party. This, more starkly than anything, brings into question the suitability of FPTP, particularly where the public vote is spread across multiple parties. Whatever you think of UKIP, it had more votes than the Greens and the Lib Dems together (12.6%) yet has only one seat. In contrast SNP with 4.7% of the vote has 56 seats. The Lib Dems were decimated dropping from 56 seats to 8 (as one commentator noted, their MPs could now hold a meeting in a large sized family vehicle). But again, this small number bears no relationship to the numbers who voted for them. Highlighting the extent of the issue, a hypothetical proportional representative outcome modelled on the same voting results gives UKIP, the Lib Dems and SNP 82, 50 and 25 seats respectively. Labour and the Conservative would both have had fewer seats but the difference between them would have been vastly reduced. Of almost 31 million people who voted, 19 million (63% of the total) did so for losing candidates.

A referendum on an alternative voting system was a spectacular failure as recently as 2011. The Conservatives will also have limited interest in moving away from a system which has suited them so well. However, following this election, the pressure to consider alternative options will be mounting from other parties and an arguably disenfranchised public, and increasingly hard to avoid.

In politics

Government gearing up to Budget 2015

The Government is due to deliver the first Budget of its third term on 21 May 2015, and the Prime Minister gave an inkling of its contents during the traditional pre-Budget announcement, which he made mid-April to a Business New Zealand audience.

Announcements included $244 million over the next four years to build four new schools and three Kura Kaupapa Māori, and to expand facilities and classrooms at existing schools. Funding will come from the remaining proceeds of the Government’s share offer programme, channelled through the Future Investment Fund. The Government also plans to invest another $80 million over four years in encouraging more private sector research and development, to be allocated to qualifying businesses over the next 12 months.

There was a mixed reception to the announcements, with critics pointing out that two of the proposed schools had already been announced, and that building and maintaining schools was a core Government activity that should be funded out of the tax base rather than from the proceeds of asset sales.

Since then, further Budget spending details have been drip-fed to the public, including:

  • $6.5 million in 2015/16 for new and existing initiatives to help reduce prisoner reoffending;
  • $32 million of new operating expenditure in the employment relations service, including six new labour inspectors; and
  • a further $3 million to help fund the completion of the cycle trail Pou Herenga Tai in Northland.

While hints of Government spending always grab the Budget headlines, perhaps the more serious focus will be around the Government's “now you see it – now you don't” surplus goal. The Minister of Finance has confirmed that he expects the Budget to forecast a deficit for 2014/15 that is slightly bigger than the $570 million forecast in the Half-Year Update. The main reason the Finance Minister cited for the increased deficit is lower than expected revenue, with the Government collecting $4.5 billion less tax over the next four years that it expected at the last Budget. A small surplus is now forecast for 2015/2016.

All in all, we are unlikely to see any startling announcements on Budget day, given this early stage in the electoral cycle. Tax cuts are being mentioned as a possibility in 2017, in time for the next election.

Watching Brief will publish its special Budget edition ASAP after the Budget 2014 announcements – watch this space.

In the news

Baseline set with first AFAs questionnaire results released

The Financial Markets Authority (FMA) has released the results of its first Authorised Financial Advisers (AFAs) questionnaire. The report collating the information produced from the questionnaire will act as a baseline of information for the FMA, informing the FMA’s risk-based approach to monitoring and supervision and enabling AFAs and stakeholders to better understand the dynamics of the industry.

In New Zealand, the financial advice industry consists of three types of adviser; AFAs (authorised by the FMA), registered financial advisers, and those linked to a Qualifying Financial Entity (such as a bank, fund manager or insurance provider). Currently, there are about 1,800 AFAs, with 90 percent actively providing advice to New Zealanders. Under the Financial Advisors Act 2008, AFAs are required to complete an annual information return that provides the FMA (as regulator) with important information about the industry. The first return was completed in September 2014, based on activity in the 12 months leading up to June 2014. 

Key areas of focus for the FMA, arising out of the report, include:

  • the importance of ensuring a steady stream of new entrants to maintain the availability and quality of advice (data showed the average age of AFAs to be 50 years old);
  • understanding how AFAs are managing large client bases (just over 12 percent have over 500 clients); and
  • understanding how AFAs are remunerated, especially for fixed fees (data showed the main method for remuneration was fixed fees for 36 percent).

The full report on the results of the first AFA questionnaire can be found here.


Guide to product disclosure statements released by FMA

As part of the roll-out under the Financial Markets Conduct Act 2013, and in response to the changes recommended in the government’s Capital Market Development Taskforce, new disclosure requirements have been introduced for companies providing financial services. These companies must now produce a Product Disclosure Statement (PDS) and the FMA has published a guide to help investors understand how the PDS will work.  

A PDS intends to increase investor confidence by providing investors with the ‘essential information’ needed to help decide whether to invest in a financial product. The content and size of a PDS will depend on the type of financial product, but the document must be in an easily accessible format and use clear language to explain the product.

The PDS system replaces the old system of disclosure of investment statements and prospectuses. The first New Zealand financial products to be offered under the new system have started to appear on the new government website ‘Disclose’. The website can be accessed here. The offers include products such as shares, bonds, managed funds and derivatives. 

The FMA Director for Primary Markets and Investor Resources stated the new PDS system is a positive step towards improving the information on offer for investors in New Zealand.

Although offers are still able to be made under the Securities Act 1978 until December 2016, the FMA is encouraging issuers to embrace the new framework and to use the PDS format as quickly as possible.

The full PDS guide can be found here


FMA signs MOUs with dispute resolution services

The FMA has now signed Memorandums of Understanding (MOUs) with all of New Zealand’s dispute resolution schemes, following the finalising of MOUs with the Insurance Savings Ombudsman and the Banking Ombudsman Scheme in mid April. Last year the FMA signed MOUs with Financial Services Complaints Limited and the Financial Dispute Resolution Scheme.

The MOUs enable complaints reviews by establishing a framework for consultation and cooperation between the FMA and the dispute resolution scheme. The arrangements also include a vigorous framework to ensure that data integrity and privacy is maintained throughout.

The MOUs are intended to formalise and enhance collaboration between the FMA and the dispute resolution schemes. Under the Financial Service Providers (Registration and Dispute Resolution) Act 2008, these dispute resolution schemes are intended to provide a cost-effective way for consumers and financial service providers to resolve complaints over retail financial product issues and sales processes. Liam Mason, the FMA’s General Counsel, commented that the FMA’s regulatory priorities and approach can be informed by the work of the dispute resolution schemes, hopefully enabling the FMA to work with other agencies in order to “discover early warnings of potential harm”. Mr Mason also expects greater public confidence in financial services to emerge from the FMAs enhanced understanding of systemic issues.

The full announcement of the latest MOUs can be accessed here. A complete list of the FMA’s MOUs with other agencies and regulators can be found here.


FMA releases new guide to bank capital notes

The FMA has issued a guide to bank capital notes in an effort to boost consumer understanding on the issue.

A bank capital note is a note issued by a bank to help that bank raise the amount of “capital” needed to prevent it from becoming insolvent. The FMA guide is designed to help investors understand the risks and complexities associated with capital notes issued by banks. The guide also relates to similar products such as perpetual subordinated notes and hybrid securities.

A capital note generally carriers a greater degree of risk for investors than normal bank deposits. The terms and conditions of a capital note are often controlled by the requirements of prudential regulation, (that is, regulation to protect the stability of the financial system), rather than an investor’s specific investment. Around $1 billion has been raised through bank capital notes in New Zealand over the last year, with the FMA expecting this trend to continue in 2015.   

The FMA encourages people to seek financial advice from an Authorised Financial Adviser if they are not sure about an investment. The full FMA guide can be accessed here.


New Zealand First MP sworn in

Ria Bond was sworn into Parliament on 24 April, becoming New Zealand First’s 12th Member of Parliament (MP). This follows New Zealand First leader, Rt Hon Winston Peters, resigning from his list seat after winning the Northland by-election in March 2015.

After the 2014 election Ms Bond moved to Wellington to work as an executive assistant to New Zealand First MPs Richard Prosser and Mahesh Bindra. Southland now has three sitting MPs in the House.

A copy of Ms Bond’s maiden statement to the House can be found here.


Tūwharetoa Settlement Trust to purchase 8,500 hectares of Crown land

The Tūwharetoa Settlement Trust (TST) and six other Tūwharetoa entities are to purchase 8,500 hectares of Crown land in the Hautu-Rangipo area of the central North Island. On 22 April 2015 the Minister of Corrections and the TST Chairman, Dylan Tauhau, announced that a conditional sale and purchase agreement has been signed by the Department of Corrections (Corrections) and TST. The deal has been in negotiation since 2008 when the Crown and eight central North Island iwi signed the Central North Island Forest Collective Settlement deed, granting the iwi collective the right to purchase Crown-owned land from Corrections. 

The deal involves land surrounding the Tongariro-Rangipo Corrections Facility. The terms of the sale provide that Corrections will lease, from the TST, the land on which the prison facilities are situated and a training farm amounting to 700 hectares. 

The Minister, commenting on the deal, stated that it had both strategic and commercial benefits for the iwi partners as well as cultural development and importance – the deal including several wāhi tapu and the Waiotaka and Tongariro rivers.

Some details of the sale, including the exact terms of the lease, are yet to be finalised. It is expected that the deal will be formalised on June 30.

The Minister’s full media release can be found here.

Progress of legislation

New Bills

No new bills have been introduced.


Bills awaiting first reading

Electoral (Adjustment of Thresholds) Amendment Bill
Environmental Protection Authority (Protection of Environment) Amendment Bill
Fighting Foreign Corporate Control Bill
Land Transport (Safer Alcohol Limits for Driving) Amendment Bill
Legislation Amendment Bill
Local Government (Auckland Council) Amendment Bill (No 3)
New Zealand International Convention Centre Act 2013 Repeal Bill
Ngā Rohe Moana o Ngā Hapū o Ngāti Porou Bill
Overseas Investment (Owning our Own Rural Land) Amendment Bill
Remuneration Authority Amendment Bill
SuperGold Health Check Bill
Underground Coal Mining Safety Bill


Bills before Select Committee

Submissions open

There are currently no bills open for submission.


Submissions closed

Bill

Select Committee

Report Due (2015)

Building (Earthquake-prone Buildings) Amendment Bill

Local Government and Environment

30 July 2015

Coroners Amendment Bill

Justice and Electoral

29 July

Drug and Alcohol Testing of Community-based Offenders and Bailees Legislation Bill

Law and Order

10 September

Exclusive Economic Zone and Continental Shelf (Environmental Effects) (Transitional Provisions) Amendment Bill

Local Government and Environment

29 June

Health and Safety Reform Bill

Transport and Industrial Relations

29 May

Māori Language (Te Reo Māori) Bill

Māori Affairs

31 July

New Zealand Business Number Bill

Commerce

18 June

New Zealand Flag Referendums Bill

Justice and Electoral

29 July

Policing (Cost Recovery) Amendment Bill

Law and Order

29 June

Radiation Safety Bill

Health

10 September

Taxation (Annual Rates for 2015–16, Research and Development, and Remedial Matters) Bill

Finance and Expenditure

11 September

Weathertight Homes Resolution Services Amendment Bill

Local Government and Environment

31 July

Bills awaiting second reading

Bills that have recently been reported back to the House from a Select Committee are in bold and the Select Committee reports on these Bills are linked.

Defence Amendment Bill
Environmental Reporting Bill
Gambling Amendment Bill (No 3) (as reported by the Government Administration Committee)
Hawke's Bay Regional Planning Committee Bill
Health (Protection) Amendment Bill (as reported by the Health Committee)
Housing Corporation Amendment Bill
Land Transport (Admissibility of Evidential Breath Tests) Amendment Bill
Organised Crime and Anti-corruption Amendment Bill (as reported by the Law and Order Committee)
Public Health Bill
Radio New Zealand Amendment Bill
Register of Pecuniary Interests of Judges Bill
Regulatory Standards Bill (as reported by the Commerce Committee)
Reserves and Other Lands Disposal Bill
Smoke-free Environments (Tobacco Plain Packaging) Amendment Bill
Spending Cap (People's Veto) Bill
Standards and Accreditation Bill
Taxation (Income-sharing Tax Credit) Bill
Te Hiku Claims Settlement Bill (as reported by the Māori Affairs Committee)


Bills awaiting third reading

Arts Centre of Christchurch Trust Bill
Christchurch City Council (Rates Validation) Bill
Commerce (Cartels and Other Matters) Amendment Bill
Construction Contracts Amendment Bill
Harmful Digital Communications Bill
Human Rights Amendment Bill
Insolvency Practitioners Bill
Judicature Modernisation Bill
Natural Health and Supplementary Products Bill (formerly the Natural Health Products Bill)
New Zealand Superannuation and Retirement Income Amendment Bill
Parental Leave and Employment Protection (Six Months Paid Leave) Amendment Bill
Social Assistance (Portability to Cook Islands, Niue, and Tokelau) Bill
Social Security (Clothing Allowances for Orphans and Unsupported Children) Amendment Bill


Acts awaiting assent

Animal Welfare Amendment Bill


Acts assented

Appropriation (2013/14 Confirmation and Validation) Act 2015
This Act confirms government matters relating to the 2013/14 financial year. It confirms the Public Finance (Transfers Between Outputs) Order 2014 which was made under section 26A of the Public Finance Act 1989, and it confirms expenses incurred in excess of existing appropriations approved by the Minister of Finance under section 26B of that Act. Further, the Act validates unappropriated expenses incurred in respect of Vote Māori Affairs, Vote Revenue, Vote Revenue, Vote Attorney-General, Vote Employment and excess departmental net asset holding. 

Immigration Amendment Act 2015
This Act amends the Immigration Act 2009. The Act amends section 179 of the principal Act to require a deportation notice to state a single provision under which deportation liability arises. The Act also amends the offence and penalty regime of the principal Act relating to employers. In doing so it extends section 351 to include an employer who is reckless as to whether or not an unlawful employee is entitled to undertake the work carried out, and whether a worker holds a temporary entry class visa. The Act also amends section 358 of the principal Act to reduce the term of imprisonment for an employer convicted under section 351 from seven to five years, and introducing the possibility of a con-current fine on conviction not exceeding $100,000.


Legislative instruments

Accident Compensation (Liability to Pay or Contribute to Cost of Treatment) Amendment Regulations 2015
Building (Infringement Offences, Fees, and Forms) Amendment Regulations 2015
Credit Contracts and Consumer Finance Amendment Regulations (No 2) 2015
Credit Contracts and Consumer Finance (Infringement Offences) Regulations 2015
Dairy Industry (Herd Testing and New Zealand Dairy Core Database) Amendment Regulations 2015
Double Tax Agreements (Canada) Order 2015
Double Taxation Relief (Japan) Revocation Order 2015
Education (Specified Institutions) Order 2015
Financial Service Providers (Exemptions) Amendment Regulations 2015
Fisheries (High Seas Fishing Notifications – South Pacific Regional Fisheries Management Organisation) Amendment Notice 2015
Gas Governance (Compliance) Amendment Regulations 2015
Land Transport (Motor Vehicle Registration and Licensing) Amendment Regulations 2015
New Zealand Public Health and Disability (Health Promotion Agency Levy) Order 2015

In the week ahead

What’s coming up in the House

The House entered a one week recess from Thursday 7 May. When the House resumes on Tuesday 19 May the Government will aim to progress the New Zealand Superannuation and Retirement Income Amendment Bill and the Waitangi National Trust Board Amendment Bill. Budget Day will take place on Thursday 21 May.

In committee

Recent Committee meetings

Select Committees met over the last two weeks.

The Finance and Expenditure Committee considered the Taxation (Annual Rates for 2015-16, Research and Development, and Remedial Matters) Bill.

The Foreign Affairs, Defence and Trade Committee was briefed on the intentional treaty examination of the Free Trade Agreement between New Zealand and the Republic of South Korea.

The Justice and Electoral Committee considered the Flag Referendum Bill.

The Local Government and Environment Committee considered the Exclusive Economic Zone and Continental Shelf (Environmental Effects) (Transitional Provisions) Amendment Bill and the Weathertight Homes Resolution Services Amendment Bill. The Committee also considered the Report from the Controller and Auditor-General, Local Government: Results of the 2013/14 audits.

The Māori Affairs Commmittee was briefed on the Independent Review of Māori Commercial Fisheries Structures under the Māori Fisheries Act 2004.

The Primary Production Committee was briefed from the Treasury on the annual financial cycle from Parliament's and select committees’ perspective. The Committee was also briefed on swap loans and their effect on the primary industry.

The Regulations Review Committee continued to be briefed on the Government’s responses to two reports of the Regulations Review Committee: Inquiry into the oversight of disallowable instruments that are not legislative instruments; and Regulation-making powers that authorise transitional regulations to override primary legislation.

In trade

Tariff concessions

The following applications for tariff concessions have been made in the past two weeks:

Applicant

Proposed tariff concession

Tariff item

Closing date for objections (2015)

Omaha Blueberries (NZ) Limited

600,000kg of organic blueberries (frozen and certified organic) for own use in manufacture by Omaha Blueberries Limited, for the period 1 August 2015 to 30 July 2016

0811.90.19

12 May

Textile Bonding Company (NZ) Limited

Knitted fabric: 20 denier scrim “Nylon Atlas”, warpknit – 100% nylon, weight 13–15g/m2

60.05

12 May

Textile Bonding Company (NZ) Limited

Knitted fabric: 30 denier scrim “Reverse Locknit” – 100% polyamide nylon, weight 36g/m2

60.06

12 May

New Zealand Aluminium Smelters Limited

Furnace tending vehicle, capable of furnace stirring, skimming, cleaning and charging, skimming dross waste by-product, control of all operations by a multifunctional joystick, and having the following: telescopic arm, built in safety controls, emergency electric retraction, swivelling upper carriage, and short down length

8705.90

19 May

PMR Grain Systems (NZ)

One dryer – dehydrator for hay bales

8419.31

19 May

In consultation

New

Who

What

By when (2015)

Commerce Commission

Draft decision of the Commerce Commission on amending Transpower's allowance outputs for the North Island Grid Upgrade Project

21 May

Department of Conservation

Nominations for the position of Director of the Queen Elizabeth the Second National Trust

22 May

Nominations for members of the Aotea Conservation Park advisory Committee

29 May

Intention to grant a 30 year concession to the Te Anau Scout Group to construct a new scout hall on land it currently occupies near the shore of Lake Te Anau

10 June

Changes in status of New Zealand bat, bird, reptile and frog taxa to inform a revision of the lists for these groups in the New Zealand Threat Classification System

31 October

Electricity Authority

Transpower's proposed variation to the Transmission Pricing Methodology

2 June

Retail Advisory Group Review of Secondary Networks issues and options paper

2 June

Dispatchable demand regime – late bid revisions

16 June

Environmental Protection Authority

Reassessment for herbicide Callisto – APP202063 which contains the active ingredient mesotrione

10 June

Inland Revenue Department

Non-Resident Withholding Tax related party and branch lending issues paper

16 June

Ministry for the Environment

New Zealand’s post 2020 climate change contribution under the United Nations Frame Work Convention on Climate Change

3 June

Ministry for Primary Industries

Removal of fee charged to vessel operators for observers to supervise returning fish to the sea

18 May

Implementation of Western and Central Pacific Fisheries Commission measures on shark conservation

18 May

Code of Practice Red Meat: Slaughter and Dressing

5 June

Draft Import Health Standards for importing zoo marsupials and monotremes

15 June

Ministry of Foreign Affairs and Trade

National Action Plan for the implementation of United Nations Security Council resolutions relating to  Women, Peace, and Security

20 May

Ministry of Health

Proposal for New Zealand to become a party to The Protocol to Eliminate Illicit Trade in Tobacco Products, developed by the World Health Organisation under the Framework Convention on Tobacco Control

12 June

PHARMAC

Proposal to list a range of interventional cardiology products supplied by Abbott Laboratories NZ Ltd

12 May

Standards New Zealand
- Joint standards

Thermal performance of buildings – Determination of air permeability of buildings: Fan pressurizations method

25 May

Systems and software engineering – system life cycle processes to create a common process framework to facilitate communication and cooperation among parties.

25 May

Work in compressed air and hyperbaric facilities Part 2: Hyperbaric oxygen facilities (Revision of AS 4774.2 - 2002)

27 May

Software and systems engineering – Software testing:

  • Part 2: Test processes
  • Part 3: Test documentation

1 June

Maritime navigation and radio communication equipment and systems – automatic identification systems:

  • Part 1: AIS base stations -Revision of AS/NXZ 62320.1:2010
  • Part 3: Repeater Stations

2 June

Approval and test specification – Socket outlet adaptors (revision of AS/NZS 3122:2005)

3 June

Information and documentation – Interlibrary Loan Application Protocol Specification:

  • Part 1: Protocol specification revision of AS/NZS4197.1:1999
  • Part 2: Protocol implementation conformance statement revision of AS/NZ 4197.2:1999

5 June

Performance of electrical appliances – Air conditioners and heat pumps Part 1.5: Non-ducted portable air-cooled air conditioners having a single exhaust and non-ducted portable air-cooled heat pumps having a single exhaust duct – testing for performance

10 June

Method 4: determination of dynamic viscosity by rotational viscometer

15 June

Luminaries Part 2.8: particular requirements – Handlamps. Revision of AS/NZS 60598.2.8:2002

16 June

Pipelines – gas and liquid petroleum: Part 2: Welding (revision of A S 2885.2-2007)

18 June

Approval and test specification – residual current devices (current operated earth-leakage devices) (Revision of AS/NZS 3190:2001)

19 June

Amendment 4 to AS/NZS 1170.2.2011 Structural; design actions Part 2: Wind actions

24 June

Information technology – Home electronic system (HES) architecture Part 3 Communication layers:

  • 3.1 Application layer for network based control of class 1
  • 3.2 Transport, network and general parts of data link layer of class 1
  • 3.3 User process for network based control of class 1
  • 3.4 System management
  • 3.5 Media and Media dependant layers – Powerline for network based controls
  • 3.6 Media and Media dependant layers – twisted pair

25 June

Compliance Management Systems – Guidelines for establishing, developing, implementing, evaluating, maintaining and improving an effective and responsible compliance management system within an organisation

25 June

Current

Who

What

By when (2015)

Commerce Commission

Transpower TPM operational review initial consultation paper

Ongoing

Department of Conservation

Intention to grant 30 year concession to Sanford Ltd to accommodate staff in hut near Big Glory Bay, Stewart Island/Rakiura

14 May

Intention to grant 30 year concession to Marlborough Marine Radio Association to locate VHF radio and antenna in Paradise Bay Scenic Reserve

14 May

Intention to grant concession to Chris Jolly Boats Ltd for 5 year concession for a licence for guiding over the Tongariro Alpine Crossing

20 May

Review of wildlife, research and collection authorisations undertaken on public conservation land

Ongoing

Inland Revenue Department

“Making Tax Simpler” Government Green Paper on Tax Administration. Potential changes to Tax system including possible introduction of business PAYE and greater digital technology. The Green Paper is the first of a number of public consultation documents on proposed tax reforms 

29 May

Medsafe

Guideline on the Regulation of Therapeutic Products in New Zealand. Part 8. Pharmacovigiance. Edition 2.0 – Sponsors responsibilities regarding pharmacovigilance and medicine safety issues

13 May

Ministry for Primary Industries

Animal Products (Specifications for Products Intended for Human Consumption) Notice 2013

22 May

Fishing rules for Marlborough Sounds Blue Cod Fishery

15 June

Ministry of Business, Innovation and Employment

Draft Electricity demand and Generation scenarios (EDGS) for future development of electricity sector

15 May

Submissions on property regulations and local rules that are irrelevant or unnecessary

Ongoing

Standards New Zealand – Joint Standards

 

 

 

Explosive atmospheres Part 29:3 Gas detectors – Guidance on functional safety on fixed gas detection systems

14 May

Low-voltage switchgear and controlgear Part 1: General rules (revision of AS 60947.1-2004) Part 2: Cicruit-breakers (revision of AS 60947.2-2005)

14 May

Amendment 2 to AS/NZS 3111:2009 Approval and test specification – Miniature overcurrent circuit-breakers

15 May

Amendment 2 to As/NZS 4417.2:2012 Regulatory compliance mark for electrical and electronic equipment

15 May

Luminaries Part 2.3 for road and street lighting (IEC 60598-2-3, Ed.3.1 (2011)

20 May

Low-voltage switchgear and controlgear:

  • Part 3: Switches, disconnectors, switch-disconectors and fuse-combinations
  • Part 4: Contractors and motor-starters Revision of AS 60947.4.1 and AS 60947.4.2
  • Part 5: Control circuit devices and switches and elements Revision of AS 60947.5.1, AS 60947.5.2, AS 60947.5.4, AS 60947.5.7
  • Part 6.1: Multiple function equipment
  • Part 7: Ancillary equipment revision of AS 60947.7.1, AS 60947.7.2, AS 60947.7.3
  • Part 8: Control units for built-in thermal protection for rotating electrical machines

21 May

Amendment 1 to AS/NZS 4505:2012 Garage doors and other large access doors

29 May

Methods of testing bitumen and related road making products.
Method 10: Determination of the effect of heat and air on moving film or bitumen

1 June


This publication is intended only to provide a summary of the subject covered. It does not purport to be comprehensive or to provide legal advice. No person should act in reliance on any statement contained in this publication without first obtaining specific professional advice. If you require any advice or further information on the subject matter of this newsletter, please contact the partner/solicitor in the firm who normally advises you, or alternatively contact one of the partners listed below.

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