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Review of Australia-New Zealand Memorandum of Understanding on Business Law


Friday, 22 July 2005

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In August 2000, Australia and New Zealand signed a Memorandum of Understanding on the Coordination of Business Law (MOU). The MOU provides for coordination between Australia and New Zealand on issues related to business law to create a mutually beneficial trans-Tasman commercial environment.

The MOU provides for a review every five years. On 25 July 2005, the Hon Chris Pearce MP, Parliamentary Secretary to the Treasurer and the Hon Pete Hodgson, New Zealand Minister of Commerce, announced the terms of reference of the review. The review will consider whether the framework set up by the MOU needs to be modified to reflect changes over the past five years to enhance future business law coordination and the work program arising from the MOU.

Further information on the review, the terms of reference for the review and a copy of the MOU is contained in The Parliamentary Secretary to the Treasurer’s press release Pearce Commends Review of Australia-New Zealand Memorandum of Understanding on Business Law.

Alternatively, the MOU, Memorandum of Understanding Between the Government of New Zealand and the Government of Australia on Coordination of Business Law, can be accessed at the Department of Foreign Affairs website.

Submission closing date: 5 September 2005

Address written comments to:

In Australia:

Market Integrity Unit
The Treasury
Langton Crescent

Fax: (02) 6263 2882

Email: rsmith@treasury.gov.au

In New Zealand:

Senior Analyst
Regulatory and Competition Policy Branch
Ministry of Economic Development
PO Box 1473

Fax: (04) 499 1791

Email: kathy.james@med.govt.nz

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