Submission on the Companies (Address Information) Amendment Bill
Cooperative Business NZ made this submission to the Economic Development, Science and Innovation Select Committee regarding the Companies (Address Information) Amendment Bill. The Bill aimed to address privacy and safety concerns associated with the public availability of directors’ residential addresses on the companies register.
The submission focused on the implications for directors of cooperatives and mutuals, many of whom hold governance roles across multiple entities.
Submission at a glance
Submitted by: Cooperative Business NZDate: May 2024Submitted to: Economic Development, Science and Innovation Select CommitteePolicy area: Company law and director privacyFormat: Written submission (PDF)
CBNZ position
The submission supported the intent of improving director privacy and safety, but argued that access to alternative service addresses should be available as of right. It recommended removing the requirement for directors to demonstrate harm or complete additional procedural steps in order to protect their personal address information.
Key issues addressed
Privacy and safety risks for company directors
Accessibility of personal information on the companies register
Administrative burden associated with statutory declarations
Alternative approaches to protecting director information
The potential role of Director Identification Numbers
Read more submissions