Energy Sector – Expanded co-investment fund pragmatic response to energy security risks
Source: Energy Resources Aotearoa
Weather News – A summery feel to end the week – MetService
Source: MetService
Covering period of Thursday 6 – Monday 10 November –
- Warmer temperatures than average for almost everyone for the next few days
- Possibility of thunderstorms for parts of the North Island over the weekend
- Rain for the South Island and lower North Island on Monday.
MetService is forecasting warmer temperatures for the rest of the week, as high pressure persists over parts of the country. Most locations will be warmer than average for November, with some notable standouts. MetService meteorologist Alwyn Bakker states, “Christchurch should be the warmest of the main centres today (Thursday), with their high of 28°C soaring over their average November maximum of 19.4°C, while Ashburton and Kaikōura won’t be far behind with 27°C and 26°C maximums respectively.”
That summery feel won’t be all sunshine, however. “Warmer temperatures increase the chance of afternoon showers triggered by daytime heat through a process called convection. In the same way turning the heat up on a saucepan of water starts it bubbling, heating the air close to the surface makes it rise. If there’s moisture in the atmosphere, convection can trigger showers, even thunderstorms if there’s enough warming at the surface,” explains Bakker. As temperatures ramp up and stay high over the weekend, parts of the North Island are likely to see thunderstorms, especially on Sunday.
Conditions are set to be good for the second T20 between the Black Caps and the West Indies at Eden Park tonight. “Northeasterly winds will be dying out, and although there’s the chance of a shower in the region, it’s unlikely the stadium will be affected,” Bakker predicts.
Looking ahead to the start of next week, rain and strong winds are possible as a front is expected to move up the South Island and onto the lower North Island on Monday. “While it’s too early to talk about Watches and Warnings for this event, there is a possibility that some may be issued for the Westland ranges and northern Fiordland,” cautions Bakker.
Health and Employment – Mental health workers head to mediation with more strike action likely
Source: PSA
Education – Minister Takes Education Off Track – Principals Fed
Source: NZ Principals Federation
Universities – Who benefits from housing intensification? – UoA
Source: University of Auckland (UoA)
New research will explore who’s affected by New Zealand’s intensification boom, and the potential impact housing reforms are having on inequality.
University of Auckland researchers have received an $853,000 Marsden Fund grant to answer one of New Zealand’s biggest housing questions: who actually benefits from upzoning?
Associate Professor Ryan Greenaway-McGrevy and Distinguished Professor Peter Phillips are leading a team of researchers to investigate the social and economic effects of large-scale zoning reforms, including Auckland’s Unitary Plan. They are working to understand how upzoning (housing intensification) has affected communities and neighbourhoods, and whether it has widened or reduced inequality.
“Where we live and grow up matters for a variety of life outcomes,” says Greenaway-McGrevy, “so it’s important to think about how zoning reform can change the geography of opportunity.”
Auckland’s 2016 reform upzoned about three-quarters of its residential land, allowing medium- and high-density housing in areas previously limited to single-house zones. Earlier Marsden-funded research by Greenaway-McGrevy and co-authors found the move sparked a surge in housing construction and helped ease rental pressures.
But while the reforms succeeded in boosting supply, he’s now interested in uncovering the socio-economic effects.
“On the one hand, the potential for upzoning to exacerbate inequalities within cities raises real concerns. On the other, widespread reforms may also enable housing options in neighbourhoods that were previously inaccessible to many households,” says Greenaway-McGrevy.
“There remains an acute lack of evidence on the effects of widespread zoning reforms on spatial inequality because, until recently, such reforms have been rare. Yet investigating and understanding the outcomes is critical to evaluate the potential impacts of current policy proposals and to inform the ongoing design of zoning changes.”
Using evidence from New Zealand’s groundbreaking zoning reforms, the study will provide the first robust case studies on how large-scale upzoning affects neighbourhood composition, opportunity, and social mobility, offering insights for policymakers in NZ and abroad.
Health – Vaping threatens smokefree progress, Government must act now, health organisation warns
Source: Asthma and Respiratory Foundation
Legal Sector Appointments – David Campbell to be the next Law Society President
Source: Law Society
New Zealand Treasury – Interim Financial Statements of the Government of New Zealand for the three months ended 30 September 2025
Source: The New Zealand Treasury
Thursday, 6 November 2025 – The Interim Financial Statements of the Government of New Zealand for the three months ended 30 September 2025 were released by the Treasury today. The September results are reported against forecasts based on the Budget Economic and Fiscal Update 2025 (BEFU 2025), published on 22 May 2025, and the results for the same period for the previous year.
The key fiscal indicators for the three months ended 30 September 2025 were mixed compared to forecast. The Government’s main operating indicator, the operating balance before gains and losses excluding ACC (OBEGALx), showed a deficit of $4.0 billion. This deficit was $0.5 billion larger than forecast. Whereas net core Crown debt was lower than forecast by $5.2 billion at $184.7 billion, or 42.3% of GDP.
Core Crown tax revenue, at $29.1 billion, was $0.5 billion (1.6%) lower than forecast. The largest variances related to other individuals’ tax and source deductions at $0.3 billion (12.1%) and $0.1 billion (1.0%) lower than forecast respectively.
Core Crown expenses, at $36.4 billion, were in line with forecast.
The OBEGALx was a deficit of $4.0 billion, $0.5 billion more than the forecast deficit. When including the revenue and expenses of ACC, the OBEGAL deficit was $4.1 billion, $0.2 billion higher than the forecast deficit.
The operating balance surplus of $0.8 billion was better than the forecast deficit of $2.4 billion. The variance in OBEGAL mentioned above was more than offset by valuation movements, particularly on financial instruments. Net gains on financial instruments were $4.9 billion stronger than forecast, driven by New Zealand Superannuation Fund (NZS Fund) and ACC’s investment portfolio reflecting favourable market conditions. However, this was partially offset by net losses on non-financial instruments of $1.5 billion, largely owing to the net actuarial loss on the ACC outstanding claims liability of $1.7 billion.
The core Crown residual cash deficit of $1.4 billion was $1.6 billion lower than forecast. While net operating cash outflows were $0.9 billion higher than forecast, net core Crown capital cash outflows were $2.6 billion lower than forecast. The net core Crown capital cashflows variance to forecast was largely driven by lower than forecast net purchase of investments.
Net core Crown debt at $184.7 billion (42.3% of GDP) was $5.2 billion lower than forecast. The variance was driven by the combination of the favourable variance in net core Crown debt at 30 June 2025 which resulted in a better starting position for the current year, along with the lower than forecast residual cash deficit during the year, as mentioned above.
Gross debt at $213.2 billion (48.9% of GDP) was $7.9 billion lower than forecast. Similarly with net core Crown debt, the majority of this variance comes from a more favourable starting position. The remaining variance predominately relates to lower than forecast issuances of Euro Commercial Paper.
Net worth at $190.0 billion (43.6% of GDP) was $9.4 billion favourable to forecast. In addition to the operating balance variance discussed above, the better net worth starting position from the 30 June 2025 year also contributed.
| Year to date | Full Year | ||||
|---|---|---|---|---|---|
| September 2025 Actual1 $m |
September 2025 BEFU 2025 Forecast1 $m |
Variance2 BEFU 2025 $m |
Variance BEFU 2025 % |
June 2026 BEFU 2025 Forecast3 $m |
|
| Core Crown tax revenue | 29,117 | 29,588 | (471) | (1.6) | 125,044 |
| Core Crown revenue | 32,479 | 33,065 | (586) | (1.8) | 139,726 |
| Core Crown expenses | 36,357 | 36,306 | (51) | (0.1) | 150,349 |
| Core Crown residual cash | (1,362) | (3,001) | 1,639 | 54.6 | (14,533) |
| Net core Crown debt4 | 184,673 | 189,833 | 5,160 | 2.7 | 200,188 |
| as a percentage of GDP | 42.3% | 43.5% | 43.9% | ||
| Gross debt | 213,235 | 221,124 | 7,889 | 3.6 | 238,816 |
| as a percentage of GDP | 48.9% | 50.7% | 52.3% | ||
| OBEGAL excluding ACC (OBEGALx) | (3,955) | (3,459) | (496) | (14.3) | (12,075) |
| OBEGAL | (4,084) | (3,835) | (249) | (6.5) | (15,602) |
| Operating balance (excluding minority interests) | 791 | (2,397) | 3,188 | 133.0 | (9,884) |
| Net worth | 190,030 | 180,673 | 9,357 | 5.2 | 173,224 |
| as a percentage of GDP | 43.6% | 41.4% | 37.9% | ||
- Using the most recently published GDP (for the year ended 30 June 2025) of $436,103 million (Source: Stats NZ).
- Favourable variances against forecast have a positive sign and unfavourable variances against forecast have a negative sign.
- Using BEFU 2025 forecast GDP for the year ending 30 June 2025 of $456,464 million (Source: The Treasury).
- Net core Crown debt excludes the NZS Fund and core Crown advances. Net core Crown debt may fluctuate during the year largely reflecting the timing of tax receipts.
Storm-damaged Andersons Floodway Bridge, rebuilt and ready for traffic
Source: New Zealand Transport Agency
Andersons Floodway Bridge on State Highway 63 in Marlborough is now open to traffic, just over four months after it was severely damaged during a severe winter storm.
The new, more resilient structure is a significant upgrade on its predecessor that was deemed beyond repair after it was washed out during heavy rain in June.
Mark Owen, Regional Manager Lower North Island/Top of the South, says the project is a real success story for the region, with local contractors completing the work in record time.
“Building a new bridge quickly without compromising quality was the priority – we managed to do that by working on smart solutions with local contractors.”
“By using the design and construct model our contractors were able to begin construction on the new bridge immediately using generic bridge details that were refined as required as construction progressed, saving time and money.”
Mr Owen says the local community also played a key role in helping the project progress at pace.
“Landowners were accommodating of us using their land for the temporary bypass, local utilities companies were on board early and promptly relocated lines and cables and Marlborough District Council urgently produced a flood model that informed the design of the new bridge.”
“It’s been a real team effort from the outset, through to project completion.”
Work on the replacement bridge began on 18 August, with a temporary road and minor detour in place to keep traffic moving safely while construction was underway.
The new, longer bridge was built on site with a deep-piled foundation and a wider precast concrete deck, improving both resilience and efficiency.
As part of the upgrade, new barriers were installed on the approaches to the bridge, and these, along with the wider deck, mean the new bridge is much safer for traffic.
Mr Owen said the support from road users during this work is appreciated by everyone involved.
“We know State Highway 63 is a critical route in Marlborough, and we acknowledge the Andersons Floodway Bridge project, along with other recovery and repair works on the highway, have caused disruption and travel delays for drivers.”
“Our contractors appreciate the patience and cooperation the public have shown while the work has been underway. But the good news is we now have a new improved, and more flood-protected bridge open just in time for Christmas,” Mr Owen says.
Andersons Floodway Bridge – Facts and figures:
|
Old Bridge |
New Bridge |
|
|
Traffic Width |
7.3m |
9.0m |
|
Span |
4.3m |
11.5m |
|
Flood Capacity |
One-in-five-year flood event (with no allowance for climate change) |
One-in-100-year flood event (including allowance for climate change) |
Other work on State Highway 63:
Mr Owen says work to rebuild a section of State Highway 63 on the eastern side of the township is making good progress, and recovery work to repair significant scouring damage west of the Waihopai Bridge is now underway.
“From 17 November contractors will also begin work to rebuild a 200-metre section of the state highway, west of the Waihopai Bridge. This will involve removing the top layer of the road, laying new gravel, and then applying new chipseal. The end result will be a much stronger stretch of highway,” Mr Owen says.
SH63 West of Waihopai Bridge works schedule:
- Now until Friday, 19 December, 7 am – 6 pm weekdays.
- No work on weekends
- Stop/Go traffic management and 30km/h temporary speed limit. Expect ten-minute delays.
- A 30 km/h temporary speed limit will be in place outside work hours.
- These works are weather-dependent, and schedules may change.
SH63 East of the Wairau Valley township:
- Work to rebuild a 1.3 kilometre section of State Highway 63, on the Renwick side of the Wairau Valley township continues until Friday, 12 December, 7 am – 6 pm Monday to Saturday.
- Stop/go traffic management and a 30 km/h temporary speed limit will remain in place 24/7. Expect ten-minute delays.
- These works are weather-dependent, and schedules may change.
Driver Advice:
- Stop/Go traffic management remains in place at multiple locations on State Highway 63 as other minor storm damage repairs are completed.
- Expect short delays while this work is underway.
Please follow all traffic management, temporary speed limits, and instructions from road crews. They are there to keep everyone safe
New detector dogs head to the Pacific to fight transnational crime
Source: New Zealand Police
New Zealand Police and Customs have congratulated five new handlers and their detector dogs on their graduation from the Police Dog Training Centre (DTC) in Trentham today.
The teams have completed their training to be qualified as operational Detector Dog Teams and three of the handlers are first time operators.
Two officers from Fiji Police and one from Samoa Police, one officer from Fiji Revenue and Customs Service and one from Tonga Revenue and Customs have proudly marched out at Trentham today.
National Coordinator Police Dogs and Pacific Detector Dog Programme (PDDP) Manager, Inspector Todd Southall, congratulated all the teams.
“These handlers and their dogs have trained here in Upper Hutt for eight weeks and now the rest of the training is completed back in their own jurisdictions under the watchful eyes of advisors from the PDDP,” he says.
New Zealand Police and Customs have a close partnership with our Pacific enforcement partners. The PDDP is part of a commitment to increase safety across the region.
New Zealand Customs’ Deputy Chief Executive – International and Governance Joe Cannon said when fully trained, these detector dog and handler teams will be deployed to perform both border security and community policing.
“Today marks a significant milestone in our shared mission to protect Pacific borders and communities.
The graduation of five new detector dog teams boosts our region’s capability to detect drugs, cash and firearms, and strengthens our collective response to transnational, serious and organised crime,” Mr Cannon said.“The DTC has been working with Pacific countries for much longer than the PDDP has been running, Inspector Southall says.
“About 20 years ago we started to work with some of the Pacific countries – initially the Cook Islands, Samoa, and Tonga, then later Fiji and now French Polynesia and New Caledonia has been added this year”, says Inspector Southall.
The PDDP officially started in 2018 and is jointly managed by New Zealand Police and Customs. It is funded through the Ministry of Foreign Affairs and Trade.
ENDS
Issued by Police Media Centre
Left to Right:
Inspector Todd Southall (National Coordinator – Police Dogs), Erin Williams (Senior Project Officer, Overseas Programmes), Constable Ratu Esala Drole & Detector Dog Vena, Sergeant Mike Robinson (Trainer), Constable Sher Singh Junior & Detector Dog Vector, Principal Customs Officer Saimoni Tuiraki (Trainer), Senior Customs Officer Camari Rotukana & Detector Dog Ouzo, Sergeant Matt Fage (Trainer), Customs Officer Andrew Manu & Detector Dog Twiggy, Constable Miracle Malaefono Pose & Detector Dog Yoko, Chief Customs Officer Dave Huff (NZ Customs).