Policy
Explore the latest government news by BusinessDesk.
Policy
Security guards, cleaners and supermarket workers nominated for first Fair Pay Agreements
By Pattrick Smellie June 25 (BusinessDesk) - Peak trade unions are targeting security guards, supermarket workers and cleaners as the first lowly-paid sectors where new legislation to create nationally binding, sector-wide Fair Pay Agreements should be used. Some 44,000 peo...
Policy
Ardern backs Twyford as Thursday Cabinet reshuffle looms
By Pattrick Smellie June 24 (BusinessDesk) - Prime Minister Jacinda Ardern went out of her way to defend the record of Housing and Urban Development Minister Phil Twyford while announcing her "relatively minor" Cabinet portfolio reshuffle will be unveiled on Thursday. Twyfo...
Policy
Deposit protection reduces case for RBNZ's bank capital increases, Robertson hints
By Pattrick Smellie June 24 (BusinessDesk) - A bank deposit protection scheme may help defuse the battle between the Reserve Bank and the country's biggest trading banks over how much extra capital they should have to hold on their balance sheets, Finance Minister Grant Robert...
Policy
Govt to introduce deposit insurance; RBNZ keeps prudential supervision
By Paul McBeth June 24 (BusinessDesk) - Finance Minister Grant Robertson wants to keep prudential supervision under the Reserve Bank's purview and plans to introduce deposit protection to bring New Zealand into line with other developed nations. Cabinet today signed off on...
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