Code committee finally ‘legal’ but mystery surrounds new appointees
But who these two new members are remains a mystery. While Commerce and Consumer Affairs Minister David Clark says the new appointees took up their roles in mid-April, the committee’s website has not been updated to include their names. Nor has there been any announcement from the minister’s office.
Under clause 26 of schedule 5 of the Financial Markets Conduct Act 2013, the committee must have no fewer than seven members, two of whom must be consumer affairs representatives or skilled in dispute resolution.
Concerns were raised in March this year that the committee was operating unlawfully with only six, rather than seven, appointees and with only one consumer affairs/dispute resolution member.
At the time, committee chairman Angus Dale-Jones said he understood the matter was going through “normal government recruitment processes”. The situation would be more worrying if the committee was considering changes to the code but that wasn’t the case, he said.
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