finPOWER Newsletter 20 May 2010

Thursday, 20 May 2010

Below is some very important information on Seminars that will affect you if you are a Finance Service Provider in New Zealand and wish to comply with the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and the Financial Advisers Act 2008.

We also look at the progress of the Australian PPSR.

MED Online Training

For those of you who missed the Ministry of Economic Development's Business Update Seminar live, here is your opportunity to stay up to date. The MED will be running six online training sessions for clients using the 'go to training' online software. There will be three sessions on the Companies Office and three sessions on the new Financial Service Providers Register (FSPR) held at the following times:

Companies Office online training

An introduction to the changes to the Companies Office website including, the new igovt logon service and the concept of company authority:

  • Tuesday 1 June, 10am
  • Thursday 3 June, 2pm
  • Wednesday 9 June, 10am

FSPR online training

Securities Commission – Are you an AFA? online presentation

This session will be taken by the Securities Commission for those who think they may need to register as an Authorised Financial Advisor:

  • Wednesday 2 June, 10am

FSPR – Applying for Registration and Authorisation online training

Information on how to register on the Financial Service Providers Register:

  • Thursday 3 June, 10am
  • Wednesday 9 June 2pm

Registrations for these sessions are now open but places are limited so clients should register their attendancehere.

You will find more information on registration requirements on the Financial Service Providers website and information that will hopefully allow you to determine if you need to be an authorised financial advisor on theSecurities Commission website.

On the day clients, will need to join the session online by clicking on the link provided when they register to view the presentation and dial the conference number supplied to hear the audio.

If you have any further queries about this online training please ring 0508 4 SERVICE (0508 473 784).

Australian PPSR Getting Closer

The introduction of the Australian PPSR is quickly approaching. The NZ PPSR has been in operation for over 5 years now and performs very well so we will be watching the introduction of the Australian equivalent with interest. At this stage it is scheduled to go live somewhere near the start of the new financial year 2011.

We at Intersoft have already started our preparations for it to ensure you have the necessary tools to register your security interests but we are still waiting for the Regulations and final specifications to be released.

In the interim, if you need to brush up on your knowledge of the PPSR we suggest you have a look at the Attorney Generals PPS website and register for one of the many seminars being held around the country. Click here for more details on the Seminar schedule.