Archive for October, 2009

Insolvency Amendment Bill passed

Press Release – New Zealand Government

A bill that prevents fraudulent debts from being written off was passed by Parliament last night, Commerce Minister Simon Power said today. The Insolvency Amendment Bill amends the Insolvency Act 2006, and ensures that the integrity of the personal insolvency …
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Submissions on Sale of Liquor

Press Release – Law Commission

“A remarkable number of New Zealanders have taken the opportunity to express their views on the reform of the country’s liquor laws,” Sir Geoffrey Palmer, President of the Law Commission said today. Over 2,000 submissions had been received by the …
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National brushes aside voices for fair pay

Press Release – New Zealand Labour Party

National has dismissed out of hand a call by nearly 16,000 Kiwis to reduce the pay gap for women, Labour’s Associate Spokesperson on labour issues Darien Fenton said today. The National Party-majority Transport and Industrial Relations Committee today …
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NZ Windfarms CFO resigns

Article – Businesswire

Oct 30 (BusinessWire) – Troubled windfarm developer New Zealand Windfarms Ltd’s chief financial officer Garry Forward has announced his resignation from January 29, to pursue independent consultancy, the company announced today.
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Heather Roy’s Diary: OCR & The New Driving Laws

Press Release – ACT New Zealand

As predicted, Reserve Bank Governor Dr Alan Bollard this week announced that he has kept the Official Cash Rate (OCR) unchanged at 2.5 percent. This is the lowest that the OCR has been in history, and Dr Bollard has pledged to keep it there until the …
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NZ’s retirement savings elephant in the room

Press Release – Mercer

Yesterday’s report – ‘Challenges and Choices – New Zealand’s long-term fiscal statement’ – from Treasury rightly puts the spotlight on the issue of retirement income policy in New Zealand and Mercer is encouraging further debate around the issue, which has …
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North Auckland and Northland Power Outage

Press Release – Northpower

Just before 8am this morning transmission lines belonging to Transpower (the national grid owner and operator) faulted, causing loss of supply to about 280,000 consumers in North Auckland and Northland. The fault occurred on the transmission lines crossing …
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Major contract awarded for HVDC inter-island link

Press Release – Transpower

Transpower today awarded the principal contract for construction of Pole 3 of the high voltage direct current (HVDC) inter-island link to Siemens. The Pole 3 project, worth up to $672 million, received approval in September 2008 and involves replacing …
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Briscoe 3rd-qtr sales rise 8.3%

Article – Businesswire

Briscoe 3rd-qtr sales rise 8.3%, sees 2nd-half profit ‘well ahead’ of year earlier
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North Auckland, Northland Outage – Power Restored

Press Release – Transpower

Power has now been restored to all areas affected by a power outage this morning due to a forklift carrying a container hitting the 220 kV transmission line between Otahuhu and Henderson. Areas were restored by 1pm.
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Power cuts unacceptable – Mayor

Press Release – Rodney District Council

The power outage that affected much of the north this morning calls into question again the security of electricity supply north of the Harbour Bridge, according to the Rodney District Council.
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NZX turns to third-quarter loss on Markit shares

Article – Businesswire

Oct. 30 (BusinessWire) – NZX Ltd., which operates New Zealand’s stock exchange, posted a third-quarter net loss, as the strengthening kiwi dollar reduced the value of the Markit shares it got in the sale of its TZ1 registry business. The adjustment …
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NZ home building permits climb for third month

Article – Businesswire

Oct. 30 (BusinessWire) – New residential building consents climbed for a third straight month as a resurgent housing market stoked construction activity amid strong demand for property.
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Zombified minimum wage workers awaken

Press Release – Unite Union

Minimum wage zombie workers to burn Vampire Boss in Queen Street tonight, as Sue Bradford returns to the parliament of the streets! Friday 7pm Oct 30th Campaign for a Living Wage SHOCK! Zombified minimum wage workers awaken and achieve class consciousness, …
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October 29 2009 issue of the BNZ Weekly Overview

Press Release – BNZ Weekly

Helped by more dovish than expected comments from the RBNZ this morning, a fall in the Aussie dollar, and a bout of global jitters, the NZD has fallen three cents from a week ago to near US 72.5 cents. The chances are the decline is temporary and will …
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Fast50 Listing Caps Great 12 Months For Enztec

Press Release – Enztec

Medical technology company earns another industry award 29 October 2009. Christchurch, New Zealand – Enztec capped off an outstanding 12 months by again making the Deloitte Fast50 index, announced yesterday.
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Angel Association appoints executive director

Press Release – Angel Association

The Angel Association New Zealand has appointed Colin McKinnon as its new executive director. Mr McKinnon will take on the role in addition to his position as executive director of the New Zealand Private Equity and Venture Capital Association.
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Plan-b virtualisation initiative awarded in Sydney

Press Release – Plan b

Plan-b’s creative use of business virtualization company VMware’s technology earned New Zealand’s leading business continuity provider the top award in its category at VMware’s Virtualization Forum in Sydney on 27 October. Plan-b worked …
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Failure of traffic lights – Auckland northwards

Press Release – New Zealand Police

There is a major power outage in the Auckland and Northland area resulting in the failure of traffic lights. Police are asking drivers to take additional care when going through intersections affected by the power outage.
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Scary $2 trillion debt must be addressed now

Press Release – Employers and Manufacturers Association Northern

Despite the government’s election undertaking not to change the age of eligibility for national superannuation, business wants the topic on the public agenda urgently. “We can’t keep getting reports from government warning of vast forecast budget blowouts …
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