Serious boost for fraud amid justice initiatives

Fraud prevention gets more funding in Budget 2022. (Image: Getty)

Fri, 20 May 2022

The Serious Fraud Office has received a chunky funding boost in Budget 2022, with targeted funding allocated for the prevention of fraud, as well as accommodation, IT and recruitment. The agency, which is forecast to receive $13.9 million for the 12 months to June 2022, has been allocated another $18.8m over four years. This averages to a $4.72m boost each year. The additional funding as part of a wider “justice cluster” includes operational funding next year of $1.79m for prevention, $463,000 for accommodation, $257,000...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZX tracks US futures down 1.23%

The Warehouse Group is trading close to record lows.

Gregor Thompson 19 May 2025

Economy

Start-up founders get tax help; thin-cap regime review

Start-up shareholders will be able to defer tax until a 'liquidity event'.

Pattrick Smellie 19 May 2025

Start-up founders get tax help; thin-cap regime review

Markets

Salesforce is Gentrack’s new customer scout

The dual-listed tech firm says full-year revenue will be at least $230m.

Rebecca Stevenson 19 May 2025

Salesforce is Gentrack’s new customer scout

Sponsored

Ready for the C-Suite leap?

Part-time programme. Full-time leadership transformation.

University of Auckland Business School

Sponsored

Active beats passive in tough times

Agile investing responds faster to market shocks and shifts.

Milford

More Law & Regulation

Law & Regulation

Bronwyn Heenan: Navigating workplace romance

Romantic work relationships involve difficult conversations that should be had.

Bronwyn Heenan 16 May 2025

Law & Regulation

Peter Huljich is Pushpay insider trader, flagging further appeal

Rich-lister Peter Huljich has been revealed as the Pushpay executive convicted of insider trading.Huljich’s identity had been suppressed since he was charged by the Financial Markets Authority (FMA) in February 2022.The current case has been closely watched by markets as it marke...

Staff reporters 15 May 2025