Latest news with #AmendmentBill
Business Recorder
8 hours ago
- Business
- Business Recorder
Governor gives assent to several bills
LAHORE: Governor Punjab Sardar Saleem Haider Khan has given assent to several bills passed by the Punjab Assembly, which have now become acts. According to the details, the governor has assented the Imperial Tutorial College University Bill 2025, Mukabbir University of Science and Technology Gujarat Bill 2025, Leads University Amendment Bill, 2025, Police Order Amendment Bill, 2025. The governor also given assent to the National College of Business Administration and Economics Lahore Amendment Bill 2025, Times Institute Multan Bill, 2025, ABWA University Faisalabad Bill 2025, Anti-Terrorism Amendment Bill 2025, the Punjab Motor Vehicle (First Amendment) Bill, 2025, the Punjab Motor Vehicle (Second Amendment) Bill, 2025, the Punjab Motor Vehicle (Third Amendment) Bill 2025, Punjab Arms Amendment Bill 2025, the Punjab Judicial Academy Amendment Bill, 2025, the Punjab Financial Advisory Services Bill 2025, Police Order Amendment Bill 2025, the Punjab Fertilizer Control Bill 2025, Provincial Employees Social Security Amendment Bill 2025 and Stamp Amendment Bill 2025. Copyright Business Recorder, 2025
Scoop
23-05-2025
- Business
- Scoop
Have Your Say On Financial Markets(Conduct Of Institutions) Amendment (Duty To Provide Financial Services)Amendment Bill
Press Release – The Finance and Expenditure Committee The bill would amend the Financial Markets (Conduct of Institutions) Amendment Act 2022 to place a new duty on financial institutions to provide financial services to customers. The Chairperson of the Finance and Expenditure Committee is calling for submissions on the Financial Markets (Conduct of Institutions) Amendment (Duty to Provide Financial Services) Amendment Bill. The closing date for submissions is 11.59pm on Friday, 4 July 2025. The bill is a member's bill in the name of Andy Foster. The bill would amend the Financial Markets (Conduct of Institutions) Amendment Act 2022 to place a new duty on financial institutions to provide financial services to customers except in situations based on law or for valid and verifiable commercial grounds. Tell the Finance and Expenditure Committee what you think: Make a submission on the bill by 11.59pm on Friday, 4 July 2025.
Scoop
23-05-2025
- Business
- Scoop
Have Your Say On Financial Markets(Conduct Of Institutions) Amendment (Duty To Provide Financial Services)Amendment Bill
Press Release – The Finance and Expenditure Committee The bill would amend the Financial Markets (Conduct of Institutions) Amendment Act 2022 to place a new duty on financial institutions to provide financial services to customers. The Chairperson of the Finance and Expenditure Committee is calling for submissions on the Financial Markets (Conduct of Institutions) Amendment (Duty to Provide Financial Services) Amendment Bill. The closing date for submissions is 11.59pm on Friday, 4 July 2025. The bill is a member's bill in the name of Andy Foster. The bill would amend the Financial Markets (Conduct of Institutions) Amendment Act 2022 to place a new duty on financial institutions to provide financial services to customers except in situations based on law or for valid and verifiable commercial grounds. Tell the Finance and Expenditure Committee what you think: Make a submission on the bill by 11.59pm on Friday, 4 July 2025.
Scoop
22-05-2025
- Politics
- Scoop
Investing In Public Safety And Reforming Young Offenders
Initiatives to help serious and persistent young offenders turn their lives around, and improvements to facilities for them, have been given a significant financial boost in Budget 2025. Building on the successes that have already led to a 13 per cent reduction in young people with serious and persistent offending behaviour (a key Government target), more than $103 million is being invested over four years in upgrading facilities and funding ways to address recidivism amongst young people. 'This investment will have a real impact on these young people and their whānau. It will also ensure our communities are safer, both immediately and in the future', Minister for Children Karen Chhour says. 'This Government's efforts to keep the public safe and reform young offenders is already bearing fruit. The Budget ensures we can continue this important work.' The funded initiatives over four years include: $22 million for repairs and upgrades to Oranga Tamariki residences $16 million to implement the new legislative regime for Young Serious Offenders, as proposed by the Oranga Tamariki (Responding to Serious Youth Offending) Amendment Bill $33 million in safety and quality improvements to the facilities at youth justice residences $33 million for the operation of military style academies and transitional support for young serious offenders. 'Sometimes all it takes to improve the lives of an entire whānau is supporting one young person to make better choices. 'We continue to want better for, and from, these young people. This is not just an investment in facilities, it is an investment in them,' Mrs Chhour says.
Scoop
22-05-2025
- Business
- Scoop
Bills Increase Transparency Of Money Transfers And Ports
Two Labour bills drawn from the Member's Ballot today would require greater transparency of international money transfers, and bring more public accountability and transparency to port companies. 'Too many families are losing money to hidden fees when they send remittances overseas. That's not fair, especially with the cost of living rising,' Arena Williams said. 'My Financial Markets (International Money Transfers) Amendment Bill will require banks and other money transfer services to be upfront about their fees, exchange rates, and commissions. Consumers should know exactly what they're paying, before they send a cent. 'New Zealanders pay more for international money transfers than people in Australia and other countries. My Bill is especially important for Pacific, Filipino, Indian and other migrant communities who regularly use remittance services to support loved ones abroad. 'Banks and finance companies charge for these services in a way most consumers won't understand. It's not clear, it's not fair, and it hits working families hardest. 'This Bill is about making banking fairer for everyone, whether you're sending money home to support family or making a purchase online in a foreign currency. Labour is on the side of consumers, not the banks.' The Bill would: Require full disclosure of all fees, commissions, and exchange rates before a transfer is made Ensure the total cost of a transfer is clearly displayed, including markups Stop banks and providers from hiding charges in fine print 'This is an important step in bringing down everyday costs for families – starting with banking. Everyone deserves to know what they're paying,' Arena Williams said. Lemauga Lydia Sosene's Local Government (Port Companies Accountability) Amendment Bill would bring more public accountability and transparency to publicly-owned port companies. 'Currently, publicly-owned port companies are immune to Local Government Official Information and Meetings Act requests which limits their public accountability. This Bill would change that and give local communities greater transparency around decisions that could affect their lives,' Lemauga Lydia Sosene said.
