Holidays Act: no vacation for taxpayers

Holidays Act: no vacation for taxpayers
Prison officers got back pay, but the Holidays Act is hard for taxpayers to celebrate. (Image: Department of Corrections)
Nikitin Sallee
Let’s pay billions of dollars and get nothing new for it. That’s the outcome for taxpayers as the public sector resolves its Holidays Act problems. This is the second in a series of three articles.After at least eight years of trying, most government agencies have now complied with their Holidays Act obligations.But the worst isn’t over for New Zealand’s taxpayers.More than $2.5 billion has been accrued for Holidays Act “remediation” – back pay – that has yet to be paid out. That means the mo...

More Economy

Annual inflation at 2.2% in December quarter
Economy

Annual inflation at 2.2% in December quarter

The lift follows a 2.2% increase in the 12 months to the September quarter.

Rebecca Howard 22 Jan 2025
Card transaction data ‘much stronger than expected’:
Retail

Card transaction data ‘much stronger than expected’:

Stats NZ data shows retail spending has grown for five consecutive months.

Gregor Thompson 21 Jan 2025
NZ service sector underperforming globally
Economy

NZ service sector underperforming globally

New Zealand's Performance of Services Index is the only one in contraction among its key trading partners.The BNZ – BusinessNZ's performance index (PSI) fell to 47.9 in December from 49.1 in November.  “Our neighbour Australia is the closest comparison, but their equivale...

Staff reporters 21 Jan 2025
December inflation likely on target
Economy

December inflation likely on target

Annual inflation likely around 2.1%-2.2% in the December quarter.

Rebecca Howard 20 Jan 2025