Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Law & Regulation
Jenny Ruth: JENNY RUTH: Fear of god and applying common sense to continuous disclosure
When New Zealand King Salmon floated in 2016, the lawyers put "the fear of god" into the company's executives about being careful about public comments, particularly to journalists, said chief executive Grant Rosewarne. That meant the salmon farmer was wary about talking to jo...
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Economy
Govt freezes ACC levy rates for two years
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 payers throughout these difficult times, while also safeguarding the ACC scheme,” AC...
Policy
ELECTION 2020: IRD-as-bank small business loan scheme extended to end of year
The government's highly popular small business loan scheme, using the Inland Revenue Department as a de facto bank, is to be extended to Dec. 31 as the government announces its latest move to try and shore up business confidence against the economic threat of the covid-19 pandemi...
Services
Covid-19 means a lot of crystal ball-gazing in company accounts, audits
The economic fallout from the coronavirus pandemic is making preparing company accounts and the audit process trickier, requiring more disclosure and taking longer, according to KPMG partner John Kensington. "There's a lot of crystal ball-gazing to be done," Kensington told th...
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