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Reserve Bank proposes that bank owners bear greater share of financial system’s risks

By   /  December 14, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, KB, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on 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 […]

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Uncooked meat a potentially deadly threat to pigs

By   /  December 13, 2018  /  24/7 News, AM-NC, DJF, Economy, KB, KB, New Zealand Ministry for Primary Industries, Public Sector  /  Comments Off on 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 […]

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Wellbeing approach needs more detail

By   /  December 13, 2018  /  24/7 News, AM-NC, DJF, Economy, KB, KB, NGOs, Press Release, Taxpayers Union, Unions  /  Comments Off on 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 […]

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Growing surpluses show need for tax cuts, not a CGT

By   /  December 13, 2018  /  24/7 News, AM-NC, DJF, Economy, KB, KB, NGOs, Press Release, Taxpayers Union, Unions  /  Comments Off on 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 […]

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Reserve Bank publishes climate change strategy and joins global network

By   /  December 13, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, KB, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on 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 […]

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Budget cuts welcome – but why not go further?

By   /  December 12, 2018  /  24/7 News, AM-NC, DJF, Economy, KB, KB, NGOs, Press Release, Taxpayers Union, Unions  /  Comments Off on 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’ […]

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Guardians appoints Stephen Gilmore as CIO

By   /  December 12, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, Investments, KB, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on 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 […]

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Latest Housing Affordability Measure (HAM) released

By   /  December 12, 2018  /  24/7 News, AM-NC, DJF, Economy, KB, KB, New Zealand Ministry of Economic Development, Public Sector  /  Comments Off on 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 […]

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RBNZ Senior Leadership Team appointment

By   /  December 12, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, KB, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on 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 […]

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ACC levies for the next two years confirmed

By   /  December 11, 2018  /  24/7 News, AM-NC, DJF, Economy, KB, KB, New Zealand Ministry of Economic Development, Public Sector  /  Comments Off on 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 […]

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MPI prosecutes Yealands Estate Wines for unprecedented offending under NZ Wine Act

By   /  December 11, 2018  /  24/7 News, AM-NC, DJF, Economy, KB, KB, New Zealand Ministry for Primary Industries, Public Sector  /  Comments Off on 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 […]

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Keith Rankin’s Chart for this Month: Crisis Postponed

By   /  December 10, 2018  /  24/7 News, AM-NC, Analysis-Reportage, DJF, Economic Intelligence, economic research, Economics, Economy, Editor's Picks, Evening Report, Global, Global Economy, KB, KB, Keith Rankin, Keith Rankin Chart Analysis, Lead, MIL NZ OSI, World Economic Outlook, World Economy  /  Comments Off on 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, […]

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NZ Super Fund named top Sovereign Wealth Fund at AsianInvestor Awards

By   /  December 10, 2018  /  24-7, 24/7 News, AM-NC, DJF, Economy, Finance, Investments, KB, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on 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 […]

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Completion of west coast inshore fisheries trawl survey

By   /  December 10, 2018  /  24/7 News, AM-NC, DJF, Economy, KB, KB, New Zealand Ministry for Primary Industries, Public Sector  /  Comments Off on 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 […]

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Transparency of ministerial meetings is a victory for taxpayers

By   /  December 10, 2018  /  24/7 News, AM-NC, DJF, Economy, KB, KB, NGOs, Press Release, Taxpayers Union, Unions  /  Comments Off on 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 […]

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Government should sell stake in Air New Zealand to save Christmas

By   /  December 7, 2018  /  24/7 News, AM-NC, DJF, Economy, KB, KB, NGOs, Press Release, Taxpayers Union, Unions  /  Comments Off on 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 […]

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Latest data from CERT NZ shows simple measures can prevent business compromise

By   /  December 7, 2018  /  24/7 News, AM-NC, DJF, Economy, KB, KB, New Zealand Ministry of Economic Development, Public Sector  /  Comments Off on 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 […]

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New bylaws for the Horokaka Mātaitai Reserve

By   /  December 7, 2018  /  24/7 News, AM-NC, DJF, Economy, KB, KB, New Zealand Ministry for Primary Industries, Public Sector  /  Comments Off on 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 […]

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Questions unanswered about Simon Bridges’ “no new taxes” pledge

By   /  December 7, 2018  /  24/7 News, AM-NC, DJF, Economy, KB, KB, NGOs, Press Release, Taxpayers Union, Unions  /  Comments Off on 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 […]

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Reverse profile diving

By   /  December 6, 2018  /  24-7, 24/7 News, AM-NC, Business, DJF, Economy, Employment Issues, KB, KB, MIL NZ OSI, New Zealand, New Zealand Government Business, New Zealand Government Public Service, Press Release, Worksafe  /  Comments Off on 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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