Policy
Explore the latest government news by BusinessDesk.
Policy
NZ dollar treads water after rate cut turmoil
By Jenny Ruth Aug. 8 (BusinessDesk) - The New Zealand dollar was little changed as the market absorbed the turmoil created in recent days by better-than-expected jobs data and the Reserve Bank’s surprise 50 basis point cut in its official cash rate. The kiwi was trading at...
Policy
Tax programme to consider seismic strengthening inducements
By Paul McBeth Aug. 8 (BusinessDesk) - Inland Revenue's latest tax policy programme will consider ways to encourage seismic strengthening for both commercial and residential property in the short-term. The proposal is detailed in the programme for the 2019/20 fiscal year r...
Policy
MBIE to review exploration protest regime
By Gavin Evans Aug. 8 (BusinessDesk) - The government’s processes for policing protest in New Zealand waters are to be tightened to ensure risks are properly assessed and responded to in a proportionate way, and that proper controls are maintained over how information is gathe...
Policy
CORRECT: Napier Port priced at top of the range; locals nab 20%
(Fixes level of priority entitlements, adds detail in 2nd paragraph) By Paul McBeth Aug. 8 (BusinessDesk) - Napier Port shares will sell at $2.60 - the top of the indicated range - after a bookbuild was significantly oversubscribed and investors at the front of the queue pi...
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