Last Tuesday, the bill sat at 21 on the list of business before the house, behind laws changing parental leave, trusts structures and food safety rules.
But for tomorrow, the bill's first reading has been pushed up to number eight – overtaking several iwi claims settlement bills.
Last week, advisers were told it might be the end of next year before FSLAB became law. The new government has a focus on housing, health and education for its first 100 days of work.
Sharon Corbett, principal policy adviser at the Ministry of Business, Innovation and Employment, indicated there was still political will to see it passed.
“The Minister of Commerce and Consumer Affairs has signalled he’s committed to ensuring consumers can access good quality financial advice. He has also said he understands the importance of enacting change in this area,” she said.
“And he is keen to work with the industry to ensure any next steps are both workable for the sector and directly supporting consumers to get the advice they need.”
Originally, the former government had sought to introduce the bill by early August with a view to passing it by the end of the year.
Minister of Commerce and Consumer Affairs Kris Faafoi said he was aware that there were concerns FSLAB could create an uneven playing field that could make business tougher for small firms.
He said he was consulting with the industry to come to grips with the issues.
