Technology
Sponsored by
chorus

Rocket Lab considers repaying wage subsidy

Paul McBeth
Fri, 11 Jun 2021

Paul McBeth
Fri, 11 Jun 2021
Rocket Lab’s New Zealand subsidiary turned a profit in 2020 and may repay the $2.85 million wage subsidy for 408 staff it received during the depths of the covid-19 pandemic.NZ’s frontier space firm said since receiving the government top-up “it is unlikely that the conditions of the grant have been met” and it treated the item as a payable at Dec 31 in its latest accounts, filed with the Companies Office.Rocket Lab’s NZ wage bill rose to $38m in calendar 2020 from $32.8m a year earlier, and it paid $410,000 in bon...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets analysis
KiwiSaver: The cost of being too conservative
Andy Fyers | Wed, 23 Jun 2021

A seemingly sensible decision to hold default KiwiSaver in low-risk funds, proved to be a costly one.

Opinion
Regulation shortfall as platforms hit high times
David Chaplin | Wed, 23 Jun 2021

New Zealand investors are getting very comfortable using new, 'micro-investing' platforms, making gaps in their regulation important to address.

Finance
NZ may not feel full covid economic impact for 2, 3 years
Jenny Ruth | Wed, 23 Jun 2021

Banks hadn't accounted for unprecedented government economic support when they estimated likely covid losses early into the crisis.

Partner Content
Business events are increasingly important for corporates

Working from home is great, but there's real value in face-to-face connections.

Sponsored
Centuria provides new opportunities for industrial property investors

Centuria Capital is embarking on its second capital raising since merging with Augusta Capital in 2020.