Business
Policy
Govt won't "die in a ditch" for 100% renewable target
By Victoria Young July 16 (BusinessDesk) - Energy Minister Megan Woods says the government “won’t die in a ditch” if its goal of 100 percent renewable electricity generation isn't reached by 2035. The "challenge" of meeting its ambitious target had been well-signalled, she...
Finance
Suspect company faces liquidation after director dies
By Victoria Young July 16 (BusinessDesk) - The registrar for companies has moved to dissolve wealth management company Denton Morrell after its director Matthew Butterfield died. The private wealth company, which specialised in creating trusts and partnerships for clients,...
Property
Foreign investors face maximum penalty for breach after $13M purchase
By Victoria Young July 15 (BusinessDesk) - Overseas investors who paid $13 million for five hectares of land in Auckland have been told to pay $300,000 to the Overseas Investment Office (OIO) and sell the 117-lot development they started within two years. In a decision rel...
Policy
UPDATE: Crucial carbon reduction recommendations due tomorrow
(adds Dairy NZ comments on methane target at the eighth par) By Pattrick Smellie July 15 (BusinessDesk) - Crucial recommendations affecting the New Zealand farming and electricity sectors are due for release by the government's Interim Climate Change Committee tomorrow (Tue...
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