The government has called in the former MP to lead an eight-person board to oversee its plan to merge state-owned broadcasters TVNZ and Radio NZ.
Banks will be able to pay dividends of up to half their earnings through to July 1 next year.
In comparison to New Zealand’s moves to curb house price rises, Australia is taking a wait-and-see stance.
The share market is in consolidation mode after a period of rising interest rates and ahead of quarterly rebalancing.