Full audits of all rest homes available to public

Press Release – New Zealand Government

Associate Health Minister Peseta Sam Lotu-Iiga has announced that full audit reports for all rest homes will be published online from today in a more reader-friendly format. Read more »

FMA leaves civil claim against SCF to Crown Asset Management

Article – BusinessDesk

Dec. 17 (BusinessDesk) – The Financial Markets Authority won’t chase South Canterbury Finance in a civil claim, saying it can’t justify the cost of doing so and leaving it to Crown Asset Management (CAML) to pursue the failed lender’s directors. Read more »

Current account deficit widens

Press Release – Statistics New Zealand

New Zealand’s seasonally adjusted current account balance was a deficit of $2.5 billion in the September 2014 quarter, Statistics New Zealand said today. This is $490 million larger than the June 2014 quarter deficit. Read more »

ComCom charges Hawkins’ finance companies over debt recovery

Article – BusinessDesk

Dec. 17 (BusinessDesk) – The Commerce Commission has filed criminal proceedings against two finance companies run by former 1980s high-flyer Allan Hawkins over their debt recovery practices. Read more »

One million logins for Co-operative Bank’s new mobile app

Press Release – Co-operative Bank

A new mobile banking app by The Co-operative Bank is tomorrow expected to reach one million logins by customers after its launch in July this year. Already, more than 12,000 customers have downloaded the app in the five months since it launched. Read more »

New Zealand Government signals reversal of fortune

Press Release – PricewaterhouseCoopers

The Governments robust $372 million forecast surplus from Budget 2014 will turn into a $572 million deficit, according to the 2015 Half-Yearly Economic and Fiscal Update and the Budget Policy Statement released today. Imports are cheaper and good … Read more »

$500k ‘financial literacy’ recipients announced

Press Release – New Zealand Government

Youth Minister Nikki Kaye is pleased to announce that 12 successful applicants will receive a total of $500,000 over three years, to deliver initiatives for youth supported by the Financial Literacy Fund. Read more »

Home loan affordabilty drops sharply in November

Press Release – Roost Home Loan Affordability Report

Housing became much less affordable in November as prices rose, according to Roost Home Loan Affordability report Read more »

Judgment: West City Ltd v Levin, Vance

Press Release – NZ Supreme Court

The Supreme Court has unanimously allowed the appeal. It has held that the bond was assigned in equity by oral agreement in November 2005. It has found that the substance of the agreement was that West City had made it clear that it would not do the work … Read more »

AMP unites industry ahead of increasing regulation

Press Release – AMP

Leading life insurer and retirement savings provider, AMP has joined forces with the Financial Markets Authority (FMA) to host the inaugural Qualifying Financial Entities (QFE) Round Table. Read more »

Comvita shareholders exercise 5.6M of 6.9M rights on offer

Article – BusinessDesk

Dec. 16 (BusinessDesk) – Comvita said shareholders exercised 5.6 million of the 6.9 million of rights under its 1 for 5 offer, and the remainder will now be offered to other investors under a shortfall bookbuild. Read more »

Vodafone NZ appoints expat Mark Aue as new CFO

Article – BusinessDesk

Vodafone NZ appoints expat Mark Aue as new CFO after de la Feunte returns to Spain Read more »

NZ dollar falls vs. yen in face of oil’s decline

Article – BusinessDesk

NZ dollar falls vs. yen as investors seek haven in face of oil’s decline Read more »

Auckland Medical Research Foundation Awards Grants

Press Release – Auckland Medical Research Foundation

The Auckland Medical Research Foundation (AMRF) has recently announced $2,335,306 in funding to medical researchers in the last three funding rounds for 2014, reaching a total of $3.62 million distributed in 2014. Read more »

Reserve Bank seeks Registrations of Interest

Press Release – Reserve Bank

Reserve Bank seeks Registrations of Interest to replace its payments and settlement systems The Reserve Bank is seeking Registrations of Interest (ROI) from potential vendors for the procurement of a Real-Time Gross Settlement System and a Security … Read more »

State Services Commission Staff Highest Paid in Govt Sector

Press Release – New Zealand Taxpayers’ Union

The average salary for staff at the State Services Commission is higher than at any other government department, according to figures released by the Taxpayers Union. This mornings Dominion Post reported the Commission staff earn an average of more … Read more »

NZ dollar: Declining interest to hedge amongst importers

Press Release – ASB Bank

The latest ASB Kiwi Dollar Barometer finds businesses are fairly confident the NZD has peaked and will continue to decline gradually over the year ahead. ASB Chief Economist Nick Tuffley says that regardless of business size or type, there is a … Read more »

Canterbury Community Trust injects $444,283 into Marlborough

Press Release – Canterbury Community Trust

The community and economic development sector along with environmental issues featured strongly on the agenda for The Canterbury Community Trusts latest funding round, with the Marlborough region benefitting to the tune of $444,283. Read more »

Lateral posts 1H loss of $634K after August listing

Article – BusinessDesk

Dec. 12 (BusinessDesk) – Lateral Corp, the mobile technology developer, posted a first-half loss in its first earnings result since listing on the NZX Alternative Index in August, and has launched a capital raising programe to fund customer acquisition … Read more »

Australia’s financial system report – will waves reach NZ?

Press Release – Chapman Tripp

The Australian Financial System Inquiry Report, delivered on Sunday, makes 44 recommendations which, if adopted, will change the way in which financial institutions in Australia do business – particularly at the big end of town. Read more »

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