News in Brief
News in Brief
News in Brief
Gibbons Co files to subdivide old Tip Top factory site
Property developer Gibbons Co has applied to subdivide the former site of Wellington's Tip Top factory.On Wednesday, the Wellington City Council told BusinessDesk it was processing an application for a three-lot subdivision on the 5000sq m property at 194 Adelaide Rd in Newto...
News in Brief
Kiwibank warned for overcharging certain joint accounts
Kiwibank has been warned by the Financial Markets Authority (FMA) for failing to apply fee waivers to certain joint account customers.Between approximately March 2005 to November 2024, different versions of Kiwibank’s Fees and Limits brochures represented that customers would not...
News in Brief
Genesis Energy, power firms secure Huntly reserve for energy stability
Genesis Energy and the three other big power generators have signed agreements to establish a strategic energy reserve centred on Genesis’ Huntly Power Station, the NZ Herald reported.The deals – aimed at supporting national security of power supply – have been settled by Genesis...
News in Brief
Christchurch Casino admits to AML breaches
Christchurch Casino has admitted to a raft of anti-money laundering compliance failures and agreed to a proposed $5.06 million penalty.The Department of Internal Affairs (DIA) said on Friday that as part of the settlement, Christchurch Casino admitted all seven causes of action i...
