Minister can’t wash hands of illegal KiwiSaver investments

Press Release – New Zealand Labour Party

The Minister responsible for appointing default KiwiSaver providers should take responsibility for ensuring they act legally, Labours Finance spokesperson Grant Robertson says. Read more »

New Zealand Post Group reports net profit of $141m

Press Release – New Zealand Post

The New Zealand Post Group has reported a net profit after tax (NPAT) of $141 million for the year ended June 2016 confirming a steady year-on-year financial performance for the Group overall. Read more »

Tough second-half hurts NZ Post and Kiwibank

Article – BusinessDesk

Aug. 26 (BusinessDesk) – State-owned New Zealand Post and its banking subsidiary Kiwibank both reported reduced profits after tax for the year to June 30, with NZ Post’s result bolstered by one-off benefits from an Australian asset sale and Kiwibank … Read more »

Air New Zealand announces record profit

Press Release – Air New Zealand

Air New Zealand announces record profit, dividend and staff bonus 2016 Key achievements: Record earnings before other significant items and taxation of $806 million* , up 70% Record net profit before taxation of $663 million , up 40% Record … Read more »

RITANZ welcomes recommendations of Insolvency Working Group

Press Release – RITANZ

Auckland, 25 August 2016 RITANZ, the professional body for New Zealand insolvency practitioners, today welcomed the recommendations of MBIEs Insolvency Working Group in particular the licensing system for insolvency practitioners. Read more »

SBS Bank steps up (twice) to help meet growing demand

Press Release – Ronald McDonald House

SBS Bank steps up (twice) to help meet growing demand at both Ronald McDonald House South Island facilities Read more »

Ranfurly community to rally in support of Westpac workers

Press Release – First Union

Ranfurly community to rally in support of Westpac workers The Ranfurly community will take a stand tomorrow afternoon against Westpacs proposal to shut the towns only bank. Westpac is consulting on a proposal to close 19 bank branches across … Read more »

NZ insolvency practitioners face new licensing regime

Article – BusinessDesk

Aug. 25 (BusinessDesk) – New Zealand’s insolvency practitioners look likely to face a new licensing regime after a report to Commerce Minister Paul Goldsmith found that gaps in existing rules enable dishonesty and incompetence. Read more »

Consultation on insolvency practitioner standards

Press Release – New Zealand Government

Commerce and Consumer Affairs Minister Paul Goldsmith has today released part one of the review into insolvency law, which discusses and sets out recommendations on the regulation of insolvency practitioners and measures to address the harms of voluntary … Read more »

ASB / Main Report Regional Economic Scoreboard

Press Release – ASB Bank

The Bay of Plentys winning streak continues as it keeps a firm grip on its spot as New Zealands top-performing region for the fifth straight quarter in the latest ASB/Main Report Regional Economic Scoreboard. Read more »

Wanaka accounting firm and bookkeeping company win accolades

Press Release – Ashton Wheelans and Mighty Eff

Two Wanaka businesses have been recognised for excellence in accounting and bookkeeping at the annual New Zealand Xero Regional Awards. Accounting firm Ashton Wheelans and bookkeeping company Mighty Efficient yesterday won Xero Accounting Partner of the … Read more »

Standard and Poor’s warning of housing crisis

Press Release – New Zealand Labour Party

Grant Robertson MP for Wellington Central Finance Spokesperson MEDIA STATEMENT 24 August 2016 Standard and Poors warning of housing crisis impact on banks The National Governments failure to address the housing crisis is leading to dire warnings … Read more »

$1.5 million in fees and interest returned to borrowers

Press Release – Commerce Commission

Lenders Adelphi Finance Ltd and Shaw Personal Finance Ltd have refunded customers or reduced customer account balances by over $1.4 million and $100,000 respectively after the Commission warned they were likely to have breached consumer credit laws. Read more »

MYOB appoints new NZ Head of SME Business

Press Release – MYOB

Cloud accounting software provider MYOB has appointed Ingrid Cronin-Knight to lead up its fast-growing New Zealand SME division. Read more »

Qantas Airways resumes dividends after 7 years

Article – BusinessDesk

Aug. 24 (BusinessDesk) – Australias biggest airline, Qantas Airways, will resume paying dividends after a seven-year hiatus following a A$1.03 billion full-year net profit after tax, up 80 percent on the prior year and the best in its 95-year history. Read more »

CANSTAR announces Bank of the Year – Small Business Award

Press Release – Canstar

CANSTAR Bank of the Year Small Business is awarded to the institution that provides the strongest combination of business loans, deposit and credit card products as well as excelling in a range of institutional factors. Read more »

New appointment release: Mortgage Express

Press Release – Mortgage Express

Ms. Li spent over 5 years in the real estate industry in China, before moving to New Zealand in 2014 and joining Harcourts as a real estate agent. Read more »

State Sector Retirement funds must stop investing in arms

Press Release – Public Service Association

Members of a government-implemented super scheme will be deeply disappointed their savings are being invested in companies which make cluster bombs or nuclear weapons, the PSA says. Read more »

Shame on Westpac – Waikanae Protest

Press Release – Cr K Gurunathan

I will be outside the Westpac branch in Waikanae with my placard to protest the closing Read more »

Ngatata Love says he didn’t know about banking transactions

Article – BusinessDesk Read more »

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