Economy
Explore the latest economy news by BusinessDesk
Law & Regulation
AML requirements eased during lockdown
The regulators for the country's anti-money laundering regime have said physical checks under AML legislation can be scrapped while the country is in lockdown. Anti-money laundering rules introduced in recent years mandated more stringent checks for real estate agents, lawyers, a...
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Finance
Regulators asked to ease KiwiSaver hardship withdrawal process
KiwiSaver fund managers are asking regulators to ease the documentation required to access hardship withdrawals, with inquiries surging as the covid-19 global crisis floors the New Zealand economy.BusinessDesk understands the Ministry of Business, Innovation and Employment is inv...
Economy
Brian Gaynor: BRIAN GAYNOR: Is your bank safe and, if not, what is your position?
Covid-19 has generated unprecedented financial concerns and depositors may be worried that their bank could go bust.The quick response to this concern is that a major New Zealand bank collapse is highly unlikely, but it is worth knowing what will happen if this occurs.A 2014 Fina...
Infrastructure
Port of Tauranga withdraws guidance on lost forestry trade
Port of Tauranga has withdrawn its full-year earnings guidance citing the government’s restriction on log harvesting and processing.The company, the country’s largest export port, had trimmed its guidance last month, citing the potential impact of the coronavirus on its log volum...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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