Politics
Finance
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...
Finance
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...
Economy
Govt moves against surprise Supreme Court 'black hole' tax ruling
By Pattrick Smellie Sept. 23 (BusinessDesk) - The government confirmed today it will legislate to return the tax deductible status of feasibility study spending after a surprise Supreme Court ruling three years ago up-ended the Inland Revenue Department's advice on the issue....
Policy
Climate Committee seeks data, evidence for future carbon budgets
By Gavin Evans Sept. 23 (BusinessDesk) - The Interim Climate Change Committee is seeking additional evidence to broaden work it is doing to help prepare the first carbon budgets required under the country’s proposed zero-carbon legislation. Chair David Prentice says the com...
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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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