Govt freezes ACC levy rates for two years
By Rebecca Howard | Mon, 06 Jul 2020
Accident Compensation Corp levy rates will be frozen for the next two years to help ease the financial pressures of covid-19, the government said. “We're taking practical steps to support levy paye...
Low-carbon funding should depend on emissions reduction
By Gavin Evans | Wed, 01 Jul 2020
The government should establish a contestable fund to develop low-carbon infrastructure as part of the country’s covid-19 recovery, Transpower chief executive Alison Andrew says. The spending under...
LGFA raises council debt caps to 3x revenue
By Brent Melville | Wed, 01 Jul 2020
The New Zealand Local Government Funding Agency has hiked the debt ceiling for local council borrowers to 300 percent of revenue until 2022, freeing up capital for councils to manage out of the covid-...
Residential building consents back at pre-covid levels
By Staff reporters | Wed, 01 Jul 2020
Seasonally adjusted residential building consents rose 36 percent in May, bouncing back from a 9.9 percent decline in April, Stats NZ said.There were 3,554 new homes consented in May, up from 2,168 in...
Govt names first $240m spend from $3b infrastructure programme
By Gavin Evans | Wed, 01 Jul 2020
Twelve projects announced today as part of the government’s latest post-covid infrastructure spend include everything from social housing, to an inland port development and a hydrogen-blend sewage tre...
New index shows activity bounce in May
By Staff reporters | Tue, 30 Jun 2020
New Zealand’s economic activity in May was down 6.5 percent from a year earlier, according to a new composite index from Treasury, Stats NZ and the central bank. While activity was weak, it...