Business Scoop


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 »

PGF invests to build economic development capability

Press Release – New Zealand Government

Parliamentary Under-Secretary for Regional Economic Development Fletcher Tabuteau has announced Economic Development New Zealand (EDNZ) will be given critical support from the Provincial Growth Fund to build the expertise of economic development agencies … 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 »

PM’s Business Advisory Council membership announced

Press Release – New Zealand Government

Prime Minister Jacinda Ardern has announced a diverse cross section of leaders from the business community will form her Business Advisory Council to advise the Coalition Government as it works on building a productive, sustainable and inclusive economy … Read more »

New Zealand 18th most competitive

Press Release – BusinessNZ

New Zealand is the 18th most competitive nation in the world, according to the Global Competitiveness Index. Read more »

Falling prices and mortgage rates mean more affordable homes

Press Release – Massey University

The latest Massey University Home Affordability Report shows a 4.4 per cent improvement in national affordability over the most recent quarter due to falling house prices and historically low residential mortgage rates. Read more »

Govt review risks widening FDI gap with Australia

Press Release – New Zealand National Party

The Government is creating more uncertainty for foreign investors with another review of the Overseas Investment Act, a move that may see New Zealand fall further behind Australia in attracting capital, Nationals Finance spokesperson Amy Adams says. Read more »

Dairy product prices descend, led by whole milk powder

Article – BusinessDesk

Oct. 17 (BusinessDesk) – Dairy product prices fell at the Global Dairy Trade auction as whole milk powder slid amid the prospect of increased supply. Read more »

Stronger-than-expected inflation could spur a rethink

Article – BusinessDesk

Oct. 16 (BusinessDesk) – The Reserve Bank may have to rethink its rate cut option after higher-than-expected third quarter inflation pushed the annual number to just below the mid-point of its target range. Read more »

Auditor-General’s Annual report 2017/18 published

Press Release – Office of the Auditor-General

The Auditor-Generals Annual report 2017/18 was presented to the House of Representatives today. In this report we describe the Offices work in 2017/18, and give an update on progress against our strategic intentions and the public sector outcomes we seek … Read more »

NZ 3Q inflation higher than expected but driven by one-offs

Article – BusinessDesk

Oct. 16 (BusinessDesk) – Higher-than-expected third-quarter inflation is unlikely to take rate cuts off the table as it was largely driven by higher petrol prices, something the Reserve Bank has said it will look through. Read more »

Govt’s Commerce Amendment Bill an Invitation to Corruption

Press Release – ACT New Zealand

The Governments Introduction of Market Studies via the Commerce Amendment Bill is a sad day for both the Government and the National Party, according to ACT leader David Seymour. Read more »

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