Rod Drury taking bolt-hole plan to Parliament

Rod Drury taking bolt-hole plan to Parliament
Victoria Young
Rod Drury’s plan to allow foreign billionaires to build bolt-holes in New Zealand is one of several ideas he will present to Parliament's Epidemic Response Committee on Thursday. The Xero founder, who stepped down as chief executive of the ASX-listed company in 2018, has been testing support for three key initiatives to help New Zealand’s economic recovery as it deals with covid-19.Drury says his ideas are for the second wave of recovery, following what has to be done immediately.  One of them is loosening foreign inve...

More Economy

Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.

Court funding miss ‘undermines market confidence’
Finance

Court funding miss ‘undermines market confidence’

Plenary and Infrastructure NZ wrote to ministers over PPP ‘disappointment’.

Oliver Lewis 17 Sep 2025
Phasing out $6b capital layer unlikely to dent banks’ ratings
Finance

Phasing out $6b capital layer unlikely to dent banks’ ratings

Banks’ credit ratings likely unmoved if Additional Tier 1 capital phased out. 

Andy Macdonald 17 Sep 2025