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REINZ welcomes softened stance on Overseas Investment Amendment Bill

The Real Estate Institute of New Zealand (REINZ) welcomes some of the changes proposed by the Finance and Expenditure Committee in relation to the Overseas Investment Amendment Bill but still believes that the foreign buyer ban won’t solve New Zealand’s housing affordability issues.

KiwiSaver & Saving
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Concern increased retirement contributions could result in backdoor education cuts

Concern increased retirement contributions could result in backdoor education cuts

The education sector union NZEI TE Riu Roa is calling on the government to come clean about how increased employer contributions to Kiwisaver and other retirement schemes will be funded for the education sector.

Home Loans
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LVR start date deferred until 1 October 2016

The Reserve Bank is deferring the start of the proposed changes to investor loan-to-value restrictions (LVRs) nationwide from 1 September to 1 October 2016, based on feedback from the banking industry from its recent consultation on the proposals.

Employment
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Living wage win for core public services shows success of campaign - CTU

The Council of Trade Unions President Richard Wagstaff congratulated Living Wage Aotearoa and the Government for moving to a living wage of at least $20.55 an hour by the first of September for all people employed in the core public service.

Tax
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Strengthening the TPB's role in protecting consumers of tax services

Chair of the Tax Practitioners Board (TPB), Mr Ian Taylor, welcomes tonight’s Federal Budget announcement to provide the TPB with ongoing additional funding.

Prices & Spending
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Discretionary spending increases

Discretionary spending increases

Figures released today by Paymark, which processes around 75% of all electronic transactions in New Zealand, show that Kiwis spent a total of just over $4.6 billion in December via Paymark's network, pushing the annual growth rate up slightly to 3.4 per cent.

Investing
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Antarctica comes to Auckland Museum this August

Step ‘inside’ the historic huts of Antarctic explorers Captain Robert Falcon Scott and Sir Ernest Shackleton to relive a time of extraordinary polar exploration in a new exhibition based around the work of New Zealand photographer Jane Ussher.

Business
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Investigation opened into Fulton Hogan's proposed acquisition

Investigation opened into Fulton Hogan's proposed acquisition of Stevenson Group The Commerce Commission has opened an investigation into Fulton Hogan Limited’s proposed acquisition of Stevenson Group Limited's construction materials business.

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