ACC to delay $900m of levy invoices to ease cashflow burden
Accident Compensation Corp will put off sending out $900 million of invoices to firms and sole traders for three months to help tide them through the cashflow crunch caused by the covid-19 crisis.The state-owned workplace insurer said invoices for the 2021 financial year that are...
Australian fund manager IOOF quits NZ
Australian fund manager IOOF is leaving New Zealand after agreeing to sell its Kiwi client rights to local firm, Britannia Financial Services for an undisclosed sum. The fund manager’s Integral Master Trust managed five funds for more than 5,000 clients with about A$553 millio...
Direct customer interaction out of bounds in level 3
Businesses will be able to return to work under level 3 restrictions, but aren’t allowed to interact directly with customers.Prime Minister Jacinda Ardern outlined high-level guidelines for the looser restrictions before Cabinet decides whether to ease the pandemic settings on Mo...
Asset Plus property portfolio knocked by covid-19
Asset Plus has cut the value of its property portfolio by almost an eighth as the commercial landlord works out the impact of the covid-19 pandemic.The real estate investor’s external valuers - Colliers, CBRE, Savills and JLL Valuation – have finished their assessments of the pro...
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