Budget 2022

Budget 2022: top five announcements for business

Pattrick Smellie
Thu, 19 May 2022

Budget 2022: top five announcements for business
One contributor to weaker activity is forecast lower residential house building. (Image: BusinessDesk)
Pattrick Smellie
Thu, 19 May 2022
       1. SME packageThe government will contribute $100 million to a new Business Growth Fund that it intends would be operated by private sector banks to provide equity rather than loans to small businesses, with the fund only ever being a minority shareholder.This is intended to overcome difficulties the government says small and medium-sized enterprises (SMEs) have in gaining funding from private banks.Consultations with the Reserve Bank and private banks are underway and the government is confident private banks will ba...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ sharemarket rebounds with Wall Street rally
Dan Brunskill | Mon, 27 Jun 2022

US markets rallied on Friday night as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.

Political donations over $5k to require declaration
Staff reporters | Mon, 27 Jun 2022

The changes require disclosure of donor identities for any party donations over $5,000 versus the current $15,000. 

Law & Regulation
Public class action fund needed: Law Com
Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.