Politics
Policy
Transmission Gully contractor lodges material claim against NZTA
By Paul McBeth June 7 (BusinessDesk) - With less than a year until it’s scheduled to open, the contractor tasked with building and maintaining the 27-kilometre Transmission Gully highway north of Wellington has lodged a claim big enough for the New Zealand Transport Agency to...
Primary Sector
UPDATE: Fonterra to get veto rights on open entry requirement
(Adds Fonterra comment in last 2 paragraphs) By Paul McBeth June 6 (BusinessDesk) - Primary Industries Minister Damien O'Connor will grant Fonterra Cooperative Group a little relief over its requirement to accept milk from all-comers, but it will also face greater oversight...
Economy
Treasury, IRD investigating unexpectedly high tax take in April accounts
By Paul McBeth June 6 (BusinessDesk) - The Treasury and Inland Revenue Department are looking into why the government's April financial statements showed the 10-month tax-take running $2.25 billion ahead of the budget forecasts, just one week after they were publicly released....
Finance
Farmers less happy with banks and RBNZ capital requirements signaled as a factor
By Rebecca Howard June 5 (BusinessDesk) - Federated Farmers is pointing the finger at the Reserve Bank's proposed increase in bank capital requirements as more farmers feel under pressure and overall satisfaction with banks hit the lowest level since its first survey in August...
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Pattrick Smellie
Founding Editor
Pattrick was judged New Zealand's best overall columnist and business columnist of the year at the Voyager 2021 Media Awards. He has more than 35 years’ experience reporting and working in New Zealand politics and the commercial sector. A former Press Gallery chairman, he is an award-winning journalist and has worked for titles including The Dominion, The Press, Sunday Star-Times and National Business Review. He was the first NZ correspondent for The Australian and co-founded BusinessDesk in 2008.
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