Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Companies get 6-month safe harbour on solvency law
The government has responded to an increasing clamour from the business community and created a six-month "safe harbour" for directors of companies that would otherwise face insolvency as a result of the coronavirus crisis and national shutdown.Finance Minister Grant Robertson st...
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Finance
Extend loan scheme to smaller businesses - NZ Initiative
The government's $6.25 billion business finance guarantee scheme should be widened to include small businesses with revenue of $100,000 or more, said the New Zealand Initiative. Currently, the scheme is open to businesses with turnover between $250,000 and $80 million as part...
Finance
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Demand high as Treasury fine-tunes business loan guarantee scheme
First-day demand suggests the government's yet-to-be finalised $6.25 billion business loan guarantee scheme will be "highly utilised," ANZ Bank said.The government announced the business scheme before every aspect could be nailed down so that banks could start money flowing to di...
Finance
Banks to cease paying dividends, share buybacks - RBNZ
The Reserve Bank has agreed with the banks that they won't be paying dividends through the coronavirus crisis or redeeming any type of quasi equity and has included these prohibitions in the banks' certificates of registration."This initiative further supports the stability of th...
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