Law & Regulation

ROBERT OWEN: On Payroll Compliance for SMEs

Robert Owen
Fri, 03 Jul 2020

With Australian company MYOB notifying small businesses recently of problems with how its New Zealand payroll products calculate employee leave, the Holidays Act compliance nightmare is no longer just a problem for large employers.Widespread reporting of Holidays Act remediation payments has hit the news recently, with large organisations and government agencies paying out millions of dollars to cover employee holiday underpayments.However, these problems have never been exclusive to large companies - they’ve just been the ones in the spo...

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Markets

MARKET CLOSE: Profit taking pulls shares down

Dan Brunskill | Mon, 21 Sep 2020

Profit taking pushed New Zealand’s benchmark stock index more than 500 points below its record as investors found few reasons to buy with a global recession in progress. The S&P/NZX 50 Index fell 94.42 points, or 0.8 percent, to 11,539.10. Within the index, 34 stocks fell, 11...

Infrastructure

Power market trading rules 'unsatisfactory' - review

Gavin Evans | Mon, 21 Sep 2020

Spot electricity market trading conduct rules are flawed, legal experts say.

Retail

Why Turners kicked vendor off car yards

Victoria Young | Mon, 21 Sep 2020

Former owner's behaviour "random and unhelpful," court told in Turner's car yard battle.

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