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Legislate capital gains tax before election or risk mischief

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Passing new capital gains tax legislation into law before the 2020 election is important to reduce the potential for political “mischief”, the chair of the Tax Working Group says. Read more »

NZ dollar falls vs Aussie on lower jobless rate

Article – BusinessDesk

Oct. 18 (BusinessDesk) – The New Zealand dollar fell against the Aussie as a lower unemployment rate across the Tasman supported the Reserve Bank of Australia’s increasingly optimistic domestic outlook. Read more »

Imported coal needed to keep the lights on in NZ

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Genesis Energy is buying coal and gas in the wholesale market to supplement fuel supplies, while it awaits the first deliveries of imported coal in early December. Read more »

Metlifecare considering buyback to lift share price

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Metlifecare is considering ways to boost the share price, including a potential buyback, says chairman Kim Ellis. Read more »

Comvita says new strategy should lift annual sales, earnings

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Comvita says a new strategy focusing on its core mnuka honey products and securing supply should drive higher sales and earnings. Read more »

Big end of town to advise PM on high-level economic issues

Article – BusinessDesk

Oct. 18 (BusinessDesk) – The Prime Minister’s Business Advisory Council will focus on high-level economic matters and the government’s wider economic agenda. Read more »

NZ Steel purchase heads off risk – First NZ

Article – BusinessDesk

Oct. 18 (BusinessDesk) – New Zealand Steel’s $46 million stake in distributor Steel & Tube has shut down the creation of a potentially tricky customer flexing its muscles to get better pricing, analysts say. Read more »

CORRECT: Sky TV chair holds succession plan

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Sky Network Television’s veteran chairman Peter Macourt will think about planning for his replacement once the pay-TV operator has a new chief executive settled in. Read more »

Judge rejects call for immediate stop to Rod Duke’s helipad

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Briscoe Group boss Rod Duke sat in the public gallery at the High Court today, where he faces a legal challenge to his plan to convert a boatshed on a popular inner-city Auckland beach to a James Bond-style helicopter pad. Read more »

Sky TV chair holds succession plan until CEO slot filled

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Sky Network Television’s veteran chairman Peter Macourt will think about planning for his replacement once the pay-TV operator has a new chief executive settled in. Read more »

Govt raises GST threshold for online shopping

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Revenue Minister Stuart Nash will introduce legislation next month to impose a goods and services tax on small online retail purchases. Read more »

Exploration ban ‘selfish, rich world’ approach, MPs told

Article – BusinessDesk

Oct. 18 (BusinessDesk) – The governments proposed exploration ban is a selfish and rich world approach that ignores the countrys responsibility to help deliver low-carbon energy in the broader Pacific region, MPs heard yesterday. Read more »

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