Reserve Bank proposes that bank owners bear greater share of financial system’s risks
Source: Reserve Bank of New Zealand Release date 14 December 2018 The Reserve Bank is consulting on a proposal to raise the amount of capital that banks must hold. “Insisting that bank shareholders have a meaningful stake in their bank provides a greater incentive to ensure it is well managed. Having shareholders able to absorb […]
Read More →Uncooked meat a potentially deadly threat to pigs
Source: New Zealand Ministry for Primary Industries Date: 13 Dec 2018 Media contact: MPI media team Making sure that pigs are not fed uncooked meat waste is a vital part of keeping diseases such as foot-and-mouth and swine fevers out of New Zealand. “Recent outbreaks of African Swine Fever (ASF) in Europe and China make […]
Read More →Wellbeing approach needs more detail
Source: Taxpayers Union 13 DECEMBER 2018FOR IMMEDIATE RELEASE The wellbeing approach revealed at the Half Year Economic and Fiscal Update needs more detail before it can be used to influence policy making, says the New Zealand Taxpayers’ Union. Taxpayers’ Union Economist Joe Ascroft says “Analysing policies through a wellbeing lens will be incredibly difficult.” “Wellbeing […]
Read More →Growing surpluses show need for tax cuts, not a CGT
Source: Taxpayers Union 13 DECEMBER 2018FOR IMMEDIATE RELEASE With the Government’s OBEGAL annual surplus expected to grow to $8.4 billion by 2023, the Government should campiagn on tax cuts at the 2020 election not a capital gains tax, says the New Zealand Taxpayers’ Union in response to the Half Year Economic and Fiscal Update.Taxpayers’ Union […]
Read More →Reserve Bank publishes climate change strategy and joins global network
Source: Reserve Bank of New Zealand Release date 13 December 2018 The Reserve Bank today published a strategy focusing on how the Bank can contribute to efforts to mitigate the effects of climate change. The Bank has also been welcomed as member of the Network of Central Banks and Supervisors for Greening the Financial System […]
Read More →Budget cuts welcome – but why not go further?
Source: Taxpayers Union 12 DECEMBER 2018FOR IMMEDIATE RELEASE Responding to reports that the Government has ordered Ministers to cut one percent in ‘low priority’ spending across all departments, New Zealand Taxpayers’ Union spokesman Louis Houlbrooke says:“This is a welcome acknowledgement of reality from the Government. There is wasteful spending in every department, even ‘sacred cow’ […]
Read More →Guardians appoints Stephen Gilmore as CIO
Source: New Zealand Superannuation Fund The Guardians of New Zealand Superannuation, the Crown entity that manages the NZ$39 billion NZ Super Fund, has appointed Stephen Gilmore as Chief Investment Officer. A senior investment executive with extensive global experience, Mr Gilmore was most recently Chief Investment Strategist at the A$148b Future Fund in Australia, where he […]
Read More →Latest Housing Affordability Measure (HAM) released
Source: New Zealand Ministry of Economic Development On: 12 December 2018 HAM is an experimental housing affordability measure consisting of two indicators, one that tracks affordability for potential first-home buyers and one that tracks affordability for renters. For each indicator, it calculates the share of households that have less than average income after housing costs […]
Read More →RBNZ Senior Leadership Team appointment
Source: Reserve Bank of New Zealand Release date 12 December 2018 The Reserve Bank has appointed Patrick Hoerler to its Senior Leadership Team – as Assistant Governor and General Manager of Business Operations. Mr Hoerler joined the Reserve Bank in January 2017 and was most recently the Bank’s Head of Risk and Audit. As Assistant Governor […]
Read More →ACC levies for the next two years confirmed
Source: New Zealand Ministry of Economic Development On: 11 December 2018 The Government has announced the new ACC levies for the 2019/20 and 2020/21 years. Key aspects of the new levies are: the average Work levies paid by employers and self-employed people will decrease from 72 cents to 67 cents per $100 of liable earnings […]
Read More →MPI prosecutes Yealands Estate Wines for unprecedented offending under NZ Wine Act
Source: New Zealand Ministry for Primary Industries Date: 11 Dec 2018 Media contact: MPI media team The Ministry for Primary Industries (MPI) has prosecuted a leading New Zealand wine company for deliberate, deceptive, and sustained breaches of the Wine Act. Pleading guilty to a total of 39 charges in the Blenheim District Court today were […]
Read More →Keith Rankin’s Chart for this Month: Crisis Postponed
Chart for this Month: Crisis Postponed By Keith Rankin Another financial crisis coming? Graphic by Keith Rankin. There will almost certainly be another major financial crisis, just like there will be another big earthquake (or, as the Australians would instead say, another big bushfire). We can do much to improve our monitoring of systemic stresses, […]
Read More →NZ Super Fund named top Sovereign Wealth Fund at AsianInvestor Awards
Source: New Zealand Superannuation Fund The NZ Super Fund has been awarded the Sovereign Wealth Fund prize at the 2018 AsianInvestor Institutional Excellence Awards in Singapore. The editorial team at AsianInvestor noted the NZ Super Fund’s “longstanding outperformance on its investment portfolio, including its ongoing efforts to ensure strong asset diversity and take a measured […]
Read More →Completion of west coast inshore fisheries trawl survey
Source: New Zealand Ministry for Primary Industries Date: 10 Dec 2018 Media contact: MPI media team An inshore trawl survey commissioned by Fisheries New Zealand and undertaken by the National Institute of Water and Atmospheric Research (NIWA) was completed on 2 December. The survey was the first in a series of 3 consecutive spring surveys […]
Read More →Transparency of ministerial meetings is a victory for taxpayers
Source: Taxpayers Union Transparency of ministerial meetings is a victory for taxpayers 10 DECEMBER 2018FOR IMMEDIATE RELEASE The New Zealand Taxpayers’ Union has welcomed the Government’s commitment to proactively release details of ministerial meetings. Taxpayers’ Union spokesman Louis Houlbrooke says, “For once, we see a real display of transparency from this Government. Knowing who Ministers are […]
Read More →Government should sell stake in Air New Zealand to save Christmas
Source: Taxpayers Union 7 DECEMBER 2018FOR IMMEDIATE RELEASE An easy way for the Government to avoid the political pain of pre-Christmas strikes at Air New Zealand would be to sell its stake in the company, says the New Zealand Taxpayers’ Union.Taxpayers’ Union Executive Director Jordan Williams says “It is very clear that the unions are […]
Read More →Latest data from CERT NZ shows simple measures can prevent business compromise
Source: New Zealand Ministry of Economic Development A new report released today highlights how basic measures continue to sit at the centre of protecting New Zealanders and their businesses from online threats. CERT NZ’s latest report reveals case studies of two New Zealand businesses impacted by significant security breaches, detailing how attackers gained access to […]
Read More →New bylaws for the Horokaka Mātaitai Reserve
Source: New Zealand Ministry for Primary Industries Date: 07 Dec 2018 Media contact: MPI media team Fisheries New Zealand and the Mahia Māori Committee want to remind fishers that 7 new bylaws are coming into effect for the Horokaka Mātaitai Reserve in Mahia on Tuesday 11 December. Director of fisheries management Stuart Anderson says the […]
Read More →Questions unanswered about Simon Bridges’ “no new taxes” pledge
Source: Taxpayers Union Questions unanswered about Simon Bridges’ “no new taxes” pledge 7 DECEMBER 2018FOR IMMEDIATE RELEASE Simon Bridges’ ‘no new taxes’ pledge is meaningless until he confirms that a National-led government will prevent income tax hikes via ‘bracket creep’, says the New Zealand Taxpayers’ Union. Taxpayers’ Union Executive Director Jordan Williams says, “We welcomed Simon […]
Read More →Reverse profile diving
MIL OSI – Source: Worksafe New Zealand 6 December 2018 This bulletin provides guidance about reverse profile diving during occupational diving operations. It has been developed in consultation with the Diving Industry Advisory Group (DIAG). It updates information first shared by DIAG in 2017. Introduction WorkSafe consulted with DIAG to determine whether reverse profile diving […]
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