Metro Glass court ruling could cost businesses millions

Metro Glass court ruling could cost businesses millions
The appeal court is weighing up a decision that could cost firms millions (Image: Supplied)
Dan Brunskill
Businesses could be on the hook for hundreds of millions of dollars of holiday pay if the court of appeal rules against Metro Glass in a pivotal employment law case.The Labour Inspectorate accused Metro Performance Glass of under-paying holiday pay by not appropriately recognising its short-term incentive scheme as part of employees’ gross income.The employment court decided in favour of the labour inspector last year, effectively ruling that only a narrow class of bonus payments could be excluded from holiday pay calculations.Metro Glass...

More Law & Regulation

FMA issues warning to coconut oil company
Law & Regulation

FMA issues warning to coconut oil company

The Financial Markets Authority has issued a warning to Evco Pacific for failing to meet disclosure requirements under the Financial Markets Conduct Act. The warning extends to Evco's current director, Neville Montefiore, and former directors Roger MacDonald and Christopher N...

Staff reporters 13 Mar 2025
IMF cautions Govt against pushing back too hard against RBNZ
Law & Regulation

IMF cautions Govt against pushing back too hard against RBNZ

The International Monetary Fund (IMF) is cautioning the Government against bending over backwards and deregulating banks in a bid to spur more competition in the sector.Finance Minister Nicola Willis is getting advice on whether she should make the Reserve Bank of New Zealand (RB...

Gap between NZ and Aus bank interest margin grows
Economy

Gap between NZ and Aus bank interest margin grows

In New Zealand, 2024 net interest margins were flat at 2.34%.

Gregor Thompson 12 Mar 2025
Fresh child abuse charges for disgraced NZ businessman Ron Brierley
Law & Regulation

Fresh child abuse charges for disgraced NZ businessman Ron Brierley

New Zealand businessman Ron Brierley is facing three fresh charges of possessing child abuse material after an appearance in court in Australia on Tuesday.Aged 87, Brierley appeared in the Waverley Local Court in Sydney following his arrest by police on Tuesday morning.The multi-...

Staff reporters 11 Mar 2025