Damien Grant will be able to resume his work as an insolvency practitioner.
Insolvency practitioner Damien Grant has won a year-long battle to be allowed to continue his career in liquidation. As of September 1 last year, a new regulatory regime means all insolvency practitioners must be licensed by an accredited body in order to take new clients. From September 1 this year, they require accreditation to continue with existing work. Those who are not chartered accountants, such as Grant, must apply to the Restructuring, Insolvency and Turnaround Association of NZ (Ritanz) to be allowed to continue practising. They must first become a member of the association, and then apply for a licence.
Man who twice raped his host after boozy night has appeal rejected
22 Apr, 2021 09:28 AM
4 minutes to read
Anaru Leigh Tutanekai Wetere was jailed for raping his host. Photo / File
Otago Daily Times
By: Rob Kidd
A man who twice raped his host after she had noticed his drunkenness and offered him a bed for the night has lost his appeal.
Anaru Leigh Tutanekai Wetere, 38, was jailed for six years and nine months after being found guilty of two counts of rape and one of unlawful sexual connection following a jury trial in the Dunedin District Court last year.
At sentencing, his counsel, Anne Stevens, QC, said her client maintained his innocence. She took the case to the Court of Appeal last month.
New Zealand Financial Markets Authority: ANZ Ordered To Pay $280,000 Penalty For Misleading Representations Over Credit Card Insurance Charges Date
10/03/2021
The Auckland High Court has ordered ANZ New Zealand (ANZ) to pay a $280,000 civil penalty for breaching the Financial Markets Conduct Act 2013 (FMCA) by making misleading representations in the supply of credit card repayment insurance (CCRI) to 307 of its customers.
On 5 March 2021, Justice Muir ordered ANZ to pay a $280,000 civil penalty as recommended by the Financial Markets Authority (FMA) and the bank. Justice Muir noted the importance of deterrence in civil penalty regime, noting: “that it creates a strong incentive for financial institutions, and particularly large and well-resourced ones like trading banks, to maintain adequate processes and systems.”
ANZ fined $280,000 by High Court for misleading customers over credit card insurance policies
5 Mar, 2021 05:50 AM
4 minutes to read
ANZ has refunded the majority of its affected customers and compensated them for interest charged. Photo / File
New Zealand s largest bank has been fined $280,000 by the High Court for misleading hundreds of customers over credit card insurance policy breaches hiding in plain view .
ANZ New Zealand (ANZ) accepted it violated the Financial Markets Conduct Act 2013 (FMCA) as part of a resolution with the Financial Markets Authority (FMA) after legal proceedings were filed by the regulator in June last year.
The bank charged customers for credit card repayment insurance (CCRI) which offered no cover or benefit and issued duplicate policies between April 2014 and November 2019.