CORRECT: BUDGET 2018: Govt sets aside $1 bln for R&D tax credit
(Fixes incorrect delivery agency in final paragraph) By Paul McBeth May 17 (BusinessDesk) - The government has set aside about $1 billion over the next four years for tax rebates from the research and development tax credit, which Innovation Minister Megan Woods hopes will...
CBL drives FMA to seek clarity over continuous disclosure obligations in voluntary administrations
By Paul McBeth May 17 (BusinessDesk) - The Financial Market Authority will go to the courts for help in unpicking whether continuous disclosure rules still apply to listed companies if they enter voluntary administration. The market watchdog said in a statement it intends...
BUDGET 2018: Mycoplasma bovis response likely to need ‘significant’ spend, Robertson says
By Paul McBeth May 17 (BusinessDesk) - The government has allocated $85 million of operating funding in the current year to deal with the Mycoplasma bovis outbreak, but a looming report will likely spell out a “significant” bill, Finance Minister Grant Robertson says. Today...
BUDGET 2018: NZ capital spend shifted to health, education from transport
By Paul McBeth May 17 (BusinessDesk) - Finance Minister Grant Robertson’s $41.8 billion capital spending programme will divert transport funds into health and education – two areas the government has deemed to be woefully underfunded. Today’s budget affirms the level of cap...
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