Fed Farmers backs RMA overhaul but wants one law, not two

Rebecca Howard
Thu, 30 Jul 2020

Federated Farmers backs the overhaul of the Resource Management Act but argues the legislation should remain within one statute to avoid which one trumps the other. "We’re struggling to see the advantages of having two new pieces of legislation. No-one has been able to lucidly explain how the proposed two replacement acts would work. Which will take priority?" said vice-president and resource management spokesperson Karen Williams. "We can’t see how having two pieces of legislation will make it easier, faster or better to get outcomes th...

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Markets

MARKET CLOSE: Reserve Bank measures limit virus-driven stock slide

Dan Brunskill | Wed, 12 Aug 2020

Reserve Bank stimulus helped soften a fall by New Zealand equities as investors reacted to a covid-19 flare-up which has put Auckland back into a level-3 lockdown. The S&P/NZX 50 Index declined 153...

PETER GRIFFIN: Tracing tech still running to catch up

Peter Griffin | Wed, 12 Aug 2020

We should have gone back into our state of covid-19 lockdown with an effective digital contact tracing technology in place.

Economy

UPDATE: RBNZ revs up the printing press, doesn't rule out negative rates

Rebecca Howard | Wed, 12 Aug 2020

(Updates to add comment from RBNZ governor and assistant governor) The Reserve Bank kept the official cash rate at a record low 0.25 percent but expanded its large-scale asset purchase programme t...

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