Accountancy competition shake-up looms under Foss reforms

Wed, 26 Jun 2013

June 26 (BusinessDesk) – New Zealand accountants and auditors will be able to offer services more widely, incorporate as companies, and amalgamate with their Australian colleagues under a single professional body under a review of the profession. Commerce Minister Craig Foss announced three changes, saying they “encourage efficiency, competition and give the New Zealand accounting market a more international outlook.” Under the Accounting Infrastructure Reform Bill, to be introduced to Parliament later this year, the New Zealand Institute of...
Primary Sector
$25m for Milford tunnel as Southland gets pre-election funding
Brent Melville | Thu, 16 Jul 2020

The Homer Tunnel, a transport lifeline into and out of Milford Sound, Fiordland, will receive a $25 million upgrade as part of a swathe of pre-election government investment into Southland that also i...

Economy
Cheaper petrol, accommodation through lockdown tames inflation
Paul McBeth | Thu, 16 Jul 2020

Cheaper petrol and accommodation slowed the annual pace of inflation through the covid-19 lockdown, more than offsetting price spikes in other consumer goods. The consumers price index shrank 0.5 p...

Retail
Delegat profits up 37%
Victoria Young | Thu, 16 Jul 2020

Wine maker Delegat Group's unaudited profit after tax for the year to June 30 rose 37 percent to $64.1 million, the company reported. The figure includes fair value movements in its vines and deriv...