Policy
Explore the latest government news by BusinessDesk.
Finance
Change tax regime for KiwiSaver, share trading - capital markets review
By Jenny Ruth Sept. 9 (BusinessDesk) - KiwiSaver contributions should not be taxed up front but only when the saver withdraws funds, all direct share investments should be taxed as if they were portfolio investment entities and trading in shares should be tax exempt. These...
Infrastructure
Hydro exemption from water standards risks two-tier regime - Trustpower
By Gavin Evans Sept. 9 (BusinessDesk) - Exempting the country’s major hydro catchments from new controls on fresh water quality appears arbitrary and runs the risk of putting disproportionate scrutiny on smaller schemes, Trustpower chief executive Vince Hawksworth says. The...
Infrastructure
Night train solution for Auckland rail freight bottleneck
By Pattrick Smellie Sept. 9 (BusinessDesk) - KiwiRail could run "platoons" of freight trains from West Auckland to the south of the city between 9pm and 3am to stave off the estimated $1.5 billion cost of unblocking current under-capacity through the Auckland isthmus, chief ex...
Economy
KiwiRail gets $94.8m for Northland upgrade
By Gavin Evans Sept. 6 (BusinessDesk) - The government will provide $94.8 million to upgrade the rail link from Auckland to Whangarei. The planned work will include replacing or upgrading almost a third of the 181-kilometre line between Swanson and Whangarei. It will includ...
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