BNZ has been told it has to keep banking for Gloriavale

BNZ has been told it has to keep banking for Gloriavale
BNZ has to keep providing banking services to Gloriavale, for now... (Image: BNZ)
Oliver Lewis
Bank of New Zealand has to keep providing banking services to West Coast religious community Gloriavale and its associated entities, a court has ruled.In a decision released on Friday following a hearing in the high court at Greymouth, Justice Helen Cull granted an order to continue an existing injunction preventing BNZ from terminating the Gloriavale bank accounts.BNZ sought to end the banking relationship last year in the wake of an employment court decision that found three men who left the community had been employees from age six unti...

More Law & Regulation

Receivers ask Du Val founders: ‘Where are the assets?’
Property

Receivers ask Du Val founders: ‘Where are the assets?’

Du Val receivers say they have evidence of other assets they want information on.

Bayly to banks: ‘Just get on with it’
Finance

Bayly to banks: ‘Just get on with it’

Minister Andrew Bayly is impatient for the changes needed to improve competition.

Ben Moore 20 Nov 2024
ComCom confirms power bill hike
Infrastructure

ComCom confirms power bill hike

Average household power bill to increase by $10 a month from next April.

Ian Llewellyn 20 Nov 2024
‘Regulatory failure’ let NZ’s payments fall behind
Finance

‘Regulatory failure’ let NZ’s payments fall behind

NZ was the All Blacks of payments, but now barely makes regionals as regulation lagged.

Ben Moore 19 Nov 2024