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A recent Trade Me survey found Kiwi have a relaxed approach to gifts, with only 3.3% of those surveyed saying they would be upset if their gift was on-sold. The survey, conducted in November 2024, collected responses from over 3,500 Trade Me members.
The proceeding follows investigations into the use of eligible investor certificates by various wholesale property developers. These investigations followed the FMA’s thematic review of wholesale offers of financial products.
“Partnerships like this are central to Scion's mandate and strategic approach, fostering cross-sector collaborations to advance forestry research, drive innovation, and promote sustainable forestry practices,” Henri Baillères, Scion’s general manager of forests to timber products.
The FMA and Westpac have agreed to resolve the proceedings on terms acceptable to all parties. A penalty hearing before the High Court will take place in due course.
A look back at the New Zealand telecommunications sector’s biggest news stories and themes over the past year.
In the latest Download Weekly newsletter: One New Zealand squeaked in ahead of the year end with its promised 100 percent coverage launch. The Commerce Commission is thinking about fibre deregulation.