ACC plans levy increases to meet rising costs

Rebecca Howard
Thu, 27 Sep 2018

By Rebecca Howard Sept. 27 (BusinessDesk) - The Accident Compensation Corp is looking to increase some levies to meet higher costs as lower interest rates crimp its investment income. It proposes increasing the levy on petrol by 1.9 cents a litre and has suggested raising the average annual levy on car registrations from $113.94 to $127.68  - a 12.1 percent increase. The corporation is consulting on the planned increases during the coming month. If approved, they will apply from July next year and will add to the pain at the pump for m...
MARKET CLOSE: NZ shares rise as optimism over covid drug buoys Asia
Dan Brunskill | Mon, 13 Jul 2020

New Zealand shares joined a rally across Asia, as upbeat investor sentiment spilled over from Wall Street's close on Friday on optimism over a late-stage trial for a hopeful covid-19 treatment.  Th...

Law & Regulation
SFO probes Labour Party on donations
Victoria Young | Mon, 13 Jul 2020

The Serious Fraud Office has confirmed a fifth investigation into electoral funding, stating today it is looking into donations to the Labour Party.The agency said the probe relates to donations made...

NZ dollar little changed as global shares defy worsening covid news
Jenny Ruth | Mon, 13 Jul 2020

The New Zealand dollar was little changed as traders awaited further trend-setting information and as rising share markets were offset by Florida reporting a US record for new covid infections. The...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.