Tag: finance
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New Zealand Launches $1.2 Billion Gas Transition Loan Scheme
The New Zealand Government introduces a $1.2 billion loan guarantee scheme to help businesses transition from gas, aiming to protect jobs and secure dwindling supplies. It also includes new gas market transparency legislation.
Politics and GovernmentBusinessScience & TechnologyFederal GovernmentEconomyEnergyEnvironment Gas Transition Loan Guarantee SchemeNicola WillisSimeon BrownShane JonesFinanceGas Market TransparencyNew Zealand Government
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Police Seek Information on Unattended Kayak Washed Ashore in Napier
Police in Napier are seeking information after an unattended kayak washed ashore near Hardinge Road. While no missing persons have been reported, authorities are urging anyone with information to come forward to ensure the owner's safety.
Finance NapierNew Zealand PoliceKayakLaw EnforcementBoatingHardinge RoadWater Safety
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Serious Crash Closes State Highway 3 Near Durham Road
A serious two-vehicle crash involving a truck and a car has closed State Highway 3 between Durham and Norfolk Roads. One person is seriously injured, and motorists are advised to avoid the area and expect delays.
Finance State Highway 3Mountain RoadNew Zealand PoliceTraffic AccidentsRoad ClosuresDurham RoadNorfolk Road
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Police Investigate Fatal Dirt Bike Incident in the Far North
New Zealand Police are investigating a fatal dirt bike incident in the Far North that left one male dead and another seriously injured. Cordons remain on Ngapipito Road as authorities conduct scene examinations and piece together the overnight events.
Finance Law EnforcementCrimeFar NorthMoerewaKaikoheDirt BikesChristan FouhyNew Zealand Police
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Green Party Condemns Government's Local Government Reorganization as Undemocratic
The Green Party has strongly criticized the government's recent local government reorganization announcement, calling it a top-down approach that undermines democratic decision-making and ignores community input.
Finance Green PartyLocal GovernmentMike DavidsonNational PartyInfrastructurePoliticsGovernment Policyelection
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New Zealand First Introduces Bill for Binding Referendum on Māori Seats
New Zealand First has introduced a Member's Bill proposing a binding referendum on the future of separate Māori seats in Parliament, aiming to hold the vote alongside the November 2026 general election at no additional cost.
Finance New Zealand FirstMāori seatsMember's Bill2026 ElectionNews and PoliticsElectionsGovernment
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New Zealand Police Renew Appeal for Missing Kapuka Farmer Kevin Belling
New Zealand Police are urgently appealing for public assistance to locate Kevin Belling, who disappeared from his Kapuka farm on January 9, after extensive property searches and record checks failed to find him.
Finance Kevin BellingNew Zealand PoliceKapukaMissing PersonLand Search and RescueLaw, Government and PoliticsCrime and Justice
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Financial Advice Sector Sees Strong Growth, Digital Services Surge
New FMA report reveals a 10% rise in financial advice providers and a 90% surge in digital advice clients, alongside challenges with data accuracy.
BusinessFinanceLaw Enforcement Financial AdviceDigital AdviceFMARegulatory ReturnsConsumer OutcomesMarket TrendsFinancial ServicesNZ Financial Markets Authority
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FMA Seeks Feedback on Ethical Investment Disclosure Guidance
The Financial Markets Authority (FMA) is consulting on updated draft guidance for financial products with ethical characteristics, aiming to improve clarity and prevent misleading disclosures.
BusinessPolitics and GovernmentEconomyFinancial MarketsTradeLegal Financial Markets AuthorityFMAethical investmentLouise UngerFinancial Conduct ReportinvestmentFinanceNZ Financial Markets Authority
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ANZ Pays $3.25 Million for Misleading Statements
ANZ admits to breaching fair dealing laws after an FMA investigation, paying $3.25 million for wrongly applying fees and incorrectly claiming mortgage incentive repayments.
BusinessPolitics and GovernmentEconomyFinancial MarketsBankingLegal ANZFinancial Markets AuthorityFMAFinancial Markets Conduct ActMortgage incentivesOverdraft feesFinanceNZ Financial Markets Authority
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New Zealand Anti-Scam Alliance Receives Welcome from FMA
The FMA welcomes the New Zealand Anti-Scam Alliance, a partnership to combat scams. The FMA issued 110 warnings in the past year and disrupts scam websites, sharing alerts through various channels.
BusinessPolitics and GovernmentScience & TechnologyFinancial MarketsLaw EnforcementLegalComputers and Internet Financial Markets AuthorityNew Zealand Anti-Scam AlliancescamsClare BolingfordinvestmentNCSCFinanceNZ Financial Markets Authority
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Media Monitor: Reserve Bank Holds Official Cash Rate
Radio New Zealand reports the Reserve Bank has held steady the official cash rate. Also, a woman was found dead after calling for an ambulance, and experts advise against storm damage buyouts.
Politics and GovernmentHealthBusinessSportWorldEconomyMedical ScienceLaw Enforcement Reserve Bankofficial cash rateBarbara Rose McGeeScott GuyFeildingFinanceRNZ News
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Filcare Services Loses Financial Advice Provider Licence
The Financial Markets Authority has cancelled Filcare Services Limited’s Financial Advice Provider licence after an inquiry revealed breaches of licence obligations. The inquiry followed the termination of its distribution agreement with Fidelity Life and AIA New Zealand.
BusinessLegalFinancial Markets Financial Markets AuthorityFilcare Services LimitedFinancial Advice Provider licenceHelena LewisFinancial Services Complaints LimitedFinanceNZ Financial Markets Authority
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NZ Retail Spending Slightly Down in May 2025
New Zealand retail spending dipped slightly in May 2025, with a 0.2 percent decrease in both overall and core retail sectors, according to electronic card transaction data.
BusinessEconomyTradeAustralasia Electronic Card TransactionsRetail SpendingConsumer SpendingEconomic ActivityStats NZFinanceStatistics New Zealand
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Media Monitor: New Zealand Government Announces Spending Cuts
RNZ reports the New Zealand coalition government has cut $5.3 billion in spending for each of the next four years, with savings from pay equity and KiwiSaver changes.
Politics and GovernmentBusinessSportWorldFederal GovernmentEconomyEmployment and LaborRugby Government SpendingBudget CutsKiwiSaverNicola WillisPay EquityFinanceRNZ News
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KiwiSaver Changes in Budget 2025 to Boost Retirement Savings for Many
New Zealand's Budget 2025 brings changes to KiwiSaver, increasing employee and employer contributions while adjusting government contributions, impacting retirement savings for various groups.
Politics and GovernmentBusinessEconomy KiwiSaverBudget 2025Retirement CommissionerJane WrightsonRetirement IncomeFinance
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Reserve Bank Funding Reduced by 25% in New Agreement
The Government and the Reserve Bank have agreed to reduce the bank's operating expenses by 25% in the coming year. The new agreement allocates $750 million in operating expenses and $25.6 million for capital expenditure.
Reserve BankNicola WillisGovernment FundingTreasuryOperating ExpensesFinance