Policy
Explore the latest government news by BusinessDesk.
Policy
BusinessNZ energy lobbyist John Carnegie to lead fossil fuel industry group
By Pattrick Smellie Sept. 25 (BusinessDesk) - Long-time executive director of the Business New Zealand Energy Council, John Carnegie, is to take the reins as chief executive of the Petroleum Exploration and Production Association of New Zealand. He was Genesis Energy's gove...
Policy
Plunging interest rates deliver whopper long term ACC deficit
By Pattrick Smellie Sept. 25 (BusinessDesk) - Plunging global interest rates have delivered the Accident Compensation Corporation's biggest-ever deficit on its 100-year Outstanding Claims Liability, at $8.7 billion for the year ended June 30. Since that date, further intere...
Policy
UPDATE: Faafoi foreshadows conduct licensing regime for financial institutions
(Updates with more details from first paragraph and throughout.) By Jenny Ruth Sept. 25 (BusinessDesk) - Individuals will face fines of up to $1 million dollars and companies up to $5 million for breaches of a planned new conduct licensing regime for financial services prov...
Policy
Govt plans to clamp down on unfair commercial practices well received
By Rebecca Howard Sept. 24 (BusinessDesk) - Government plans to clamp down on unfair commercial practices that can cripple small businesses have been well received by those lobbying for change. “We’re taking action to prohibit the most serious types of commercial misconduc...
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