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Law & Regulation

Explore the latest legal news by BusinessDesk, covering legal rulings, important court cases, and more.

Environmental concerns prompt tighter Transmission Gully controls
Paul McBeth | Mon, 10 Jun 2019

By Paul McBeth June 10 (BusinessDesk) - Greater Wellington Regional Council has imposed a stricter environmental regime on the construction of the 27-kilometre Transmission Gully highway north of Wellington due to ongoing concerns about erosion and sediment control failures....

MyRepublic warned for failing to hand over info for telco levy
Paul McBeth | Sun, 09 Jun 2019

By Paul McBeth June 10 (BusinessDesk) - The Commerce Commission has publicly warned MyRepublic for failing to give it the right information on time to work out the internet service provider minnow's share of the $50 million Telecommunications Development Levy.  Telecommunic...

Air NZ loses jet fuel disruption claim against Z Energy
Gavin Evans | Fri, 07 Jun 2019

By Gavin Evans June 7 (BusinessDesk) - Air New Zealand has lost its bid for compensation from Z Energy for losses during the September 2017 fuel shortages in Auckland. The national carrier had gone to the High Court seeking compensation from both BP and Z, arguing the firms...

Transmission Gully contractor lodges material claim against NZTA
Paul McBeth | Fri, 07 Jun 2019

By Paul McBeth June 7 (BusinessDesk) - With less than a year until it’s scheduled to open, the contractor tasked with building and maintaining the 27-kilometre Transmission Gully highway north of Wellington has lodged a claim big enough for the New Zealand Transport Agency to...

Synlait seeks leave to appeal Pokeno land covenants decision
Rebecca Howard | Fri, 07 Jun 2019

By Rebecca Howard June 7 (BusinessDesk) - Synlait Milk has filed for leave to appeal to the Supreme Court in an effort to remove covenants over its Pokeno site. The company says it is still confident it can reach a solution with the involved parties, but lodged its applicat...

UPDATE: Industry split on Auckland jet fuel options
Gavin Evans | Thu, 06 Jun 2019

(Adds Auckland Airport denial from 22nd paragraph that JUHI lease is at risk of early termination.) By Gavin Evans June 6 (BusinessDesk) - Extra jet fuel storage can be provided for Auckland International Airport, but suppliers are split on whether an additional pipeline fr...

Industry split on Auckland jet fuel options
Gavin Evans | Thu, 06 Jun 2019

By Gavin Evans June 6 (BusinessDesk) -  Extra jet fuel storage can be provided for Auckland International Airport, but suppliers are split on whether an additional pipeline from the Wiri fuel terminal is needed to improve supply resilience. The partners in the Wiri facility...

UPDATE: Fonterra to get veto rights on open entry requirement
Paul McBeth | Thu, 06 Jun 2019

(Adds Fonterra comment in last 2 paragraphs) By Paul McBeth June 6 (BusinessDesk) - Primary Industries Minister Damien O'Connor will grant Fonterra Cooperative Group a little relief over its requirement to accept milk from all-comers, but it will also face greater oversight...

New protocols on fuel stockpile data agreed
Gavin Evans | Tue, 04 Jun 2019

By Gavin Evans June 5 (BusinessDesk) - Government officials have agreed new protocols with the country’s fuel suppliers to ensure they can get daily data on terminal stocks during emergencies. Gareth Wilson, principal advisor with the Ministry of Business, Innovation and Em...

Danone cleared to indirectly hold up to 65% of Yashili NZ
Rebecca Howard | Tue, 04 Jun 2019

By Rebecca Howard June 4 (BusinessDesk) - Danone SA can indirectly hold up to 65 percent of Yashili New Zealand Dairy Co after its Danone Asia Pacific unit got a green light from the Overseas Investment Office to purchase up to 49 percent of the local dairy processor. "The...

Govt ready and willing to fill the gap on digital services tax if OECD solution fails
Paul McBeth | Tue, 04 Jun 2019

By Paul McBeth June 4 (BusinessDesk) - The government is concerned that a concerted international effort to ensure multinational digital firms pay their fair share of tax will fail, so will decide this year on whether to go it alone as an interim measure.  Ministers Grant R...

Better protection needed for national infrastructure, pipeline inquiry told
Gavin Evans | Tue, 04 Jun 2019

By Gavin Evans June 4 (BusinessDesk) - The lack of sanctions for people damaging national infrastructure and covering it up needs to be addressed, Refining NZ chief executive Mike Fuge says. The company operates the Marsden Point oil refinery and its contractors use a combi...

Greymouth seeks early contact on partial Kowhai surrender
Gavin Evans | Mon, 03 Jun 2019

By Gavin Evans June 4 (BusinessDesk) - Greymouth Petroleum says it will meet with officials soon to arrange the surrender of part of its Kowhai petroleum mining permit in Taranaki. The High Court last week endorsed a condition of the original 2009 permit that required Greym...

Fletcher Building rejigs annual earnings guidance after completion of Formica sale
Rebecca Howard | Mon, 03 Jun 2019

By Rebecca Howard June 4 (BusinessDesk) - Fletcher Building rejigged its full-year earnings before interest and tax guidance after completing the sale of its Formica business ahead of schedule, effectively lowering the top end of that guidance. The US$840 million sale of Fo...

Chorus suspends Clearvision from working on UFB network
Rebecca Howard | Fri, 31 May 2019

By Rebecca Howard May 31 (BusinessDesk) - Chorus has suspended subcontractor Clearvision Communications from working on its ultrafast broadband network after the Employment Relations Authority found several breaches of employment standards.   “Given the authority’s determin...

ComCom to assess whether Vodafone purchase would increase Infratil's market power
Jenny Ruth | Thu, 30 May 2019

By Jenny Ruth May 31 (BusinessDesk) - The Commerce Commission says it currently expects to make a decision on Infratil’s application to buy up to 50 percent of shares in Vodafone New Zealand by July 15, although that may be extended as its investigation progresses. “The com...

NZBA, Banking Ombudsman support RBNZ proposal on material breach reporting
Jenny Ruth | Thu, 30 May 2019

By Jenny Ruth May 31 (BusinessDesk) - The New Zealand Bankers' Association and the Banking Ombudsman agree with the Reserve Bank that disclosure of banks’ breaches of their conditions of registration should be limited to “material” breaches only. Their submissions are two o...

TSB raises minimum capital levels in lead-up to RBNZ's tighter rules
Paul McBeth | Wed, 29 May 2019

By Paul McBeth May 30 (BusinessDesk) -  TSB Bank has raised its internal target for how much capital it will hold on its books, brought on in part by the Reserve Bank's proposals for a higher minimum requirement.  The bank's total capital ratio was 14.57 percent as at March...

Bridges says Budget leak response 'the most contemptible moment in NZ politics’
Pattrick Smellie | Wed, 29 May 2019

By Pattrick Smellie May 30 (BusinessDesk) - National Party leader Simon Bridges accused Treasury secretary Gabriel Makhlouf of “calling the police on the Opposition” over the website security flaw that allowed the National Party to gain access to Budget secrets. The Treasur...

Budget leak: no Treasury hack, say police
Pattrick Smellie | Wed, 29 May 2019

By Pattrick Smellie May 30 (BusinessDesk) - Police investigating a leak of sensitive Budget information have determined that the Treasury's computer system was not 'hacked'. In a rocky start to what should have been a showcase day for the government's first 'Wellbeing' Budg...

Vector depreciation bid rejected in ComCom DPP reset
Gavin Evans | Tue, 28 May 2019

By Gavin Evans May 29 (BusinessDesk) - Vector, the country’s biggest electricity distributor, has had its request to accelerate depreciation on its network assets turned down by the Commerce Commission. The company had sought a higher depreciation rate on its network assets...

Advent Gold defers listing plan after Waihi decision
Gavin Evans | Tue, 28 May 2019

By Gavin Evans May 29 (BusinessDesk) - Advent Gold has deferred plans for an initial share offer on the ASX following the government’s rejection of a land sale for a new tailings operation at OceanaGold’s Waihi mine. The firm, which has an exploration permit near Reefton an...

Eroad plays down patent dispute as accounting changes cloud result
Paul McBeth | Mon, 27 May 2019

By Paul McBeth May 28 (BusinessDesk) - Eroad is playing down a claim that it's infringed someone's patent, saying it's so confident of its position that is hasn't made any provisions for the claim.  The logistics and fleet management technology firm said it might incur lega...


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