Report on NZ social bonds pilot cites lack of commercial expertise by public officials
By Fiona Rotherham Dec. 16 (BusinessDesk) - A report on failures within the government’s first social bonds pilot blames them on a lack of commercial expertise from the bureaucrats involved. Work started in 2013 on social impact bonds where typically a central or local gove...
Update: Insurer Youi fined $320,000 out of potential $9 million fine for misleading sale practises
(Update: includes judge and victim comments) Dec. 15 (BusinessDesk) - By Fiona Rotherham South African-owned insurer Youi has been sentenced to a $320,000 fine out of a potential maximum penalty of $9 million in the Auckland District Court today after receiving hefty discou...
Youi fined $320,000 for misleading sales practices
By Fiona Rotherham Dec. 15 (BusinessDesk) - South African-owned insurer Youi has been sentenced to a $320,000 fine in the Auckland District Court today after agreeing to plead guilty to 15 charges relating to misleading sales practises in New Zealand. The Fair Trading Act c...
New Australian life sciences investment fund could have spin-off benefits to New Zealand
By Fiona Rotherham Dec. 15 (BusinessDesk) - Australia’s largest life science venture fund, the Medical Research Commercialisation Fund, just got bigger with the Australian government’s launch of a A$500 million Biomedical Translation Fund aimed at making the country a global l...
