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Economy
Unions hold fee increases, take wage subsidy as redundancies hit
Two of the country’s biggest private-sector unions have suspended fee increases and claimed the government wage subsidy, as a wave of redundancies has eaten into their membership. Both E tu and First Union have deferred scheduled membership fee increases due to take effect on...
Economy
Govt offers $50m to help media weather covid-19
The government is offering an initial $50 million to help the media weather the economic fallout from covid-19 while it puts together a second round of support.“This package is about freeing up cash in the short term to assist the industry get through the immediate crisis and dra...
Law & Regulation
Peter Griffin: PETER GRIFFIN: Time to join Australia’s bubble on tech regulation
As someone who lost a chunk of my income when the NZ Listener shut down three weeks ago, news of the government’s $50 million support package for the media is bittersweet.
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Law & Regulation
KPMG introduces 15% 'salary sacrifice' as covid-19 bites
KPMG has asked staff to take a 15 percent pay cut, calling it a “salary sacrifice” needed since it doesn’t qualify for the government wage subsidy. It is also cutting partner drawings by 20 to 40 percent, a move in line with two other big four accountants, EY and PwC. However, th...
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