Tower pours Canterbury quake claims into ‘bad bank’

Article – BusinessDesk

Nov. 29 (BusinessDesk) – Tower said it will separate its liabilities and receivables from the Canterbury earthquakes into a separate ‘bad bank’ structure and “aggressively pursue” recoveries from the EQC and reinsurer Peak Re that amount to about $101 … Read more »

Government needs to ensure fair deal on EQC assessments

Press Release – New Zealand Labour Party

Kiwis affected by earthquakes might not get a fair deal if the Government pushes ahead with secret plans to let private insurers take over the assessment of claims, says Labours Canterbury spokesperson Megan Woods. Read more »

Lotto NZ wins top international award

Press Release – New Zealand Government

29 December 2016 Media Statement Lotto NZ wins top international award for worlds best responsible gaming programme Read more »

Vigorous campaign will oppose Christchurch state house sales

Press Release – State Housing Action

The governments intention to sell up to 2,500 state houses in Christchurch can expect to be met with a vigorous community campaign to stop the sales. Read more »

ACC levy recommendations for 2017 – 2019 period

Press Release – Accident Compensation Corporation

Following a month-long public consultation ACC is making levy recommendations to the Minister for the 2017 to 2019 period. Read more »

Hurunui irrigation funding welcomed

Press Release – New Zealand Government

Primary Industries Minister Nathan Guy is welcoming an investment of $3.4 million into the Hurunui Water Project by Crown Irrigation Investments. Read more »

Crown Irrigation Invests up to $3.4m in North Canterbury

Press Release – Crown Irrigation Investments

Crown Irrigation Invests up to $3.4m in North Canterbury some good news for the region Read more »

Time to pull the plug on state house sell-off

Press Release – New Zealand Labour Party

The collapse of the planned sell-off of state houses in Horowhenua is an opportunity for the Government to call time on its troubled state house sell off policy, says Labours housing spokesperson Phil Twyford. Read more »

Mayor recommends new, improved CCO accountability measures

Press Release – Office of the Mayor of Auckland

Auckland Mayor Phil Goff is recommending that councillors adopt a raft of new and improved accountability tools to significantly strengthen scrutiny of Council Controlled Organisations (CCOs), including Auckland Transport (AT). Read more »

Biggest Government Owned Collapse since DFC

Press Release – New Zealand Labour Party

Just like Donald Trump, Steven Joyce seems to be saying losing a billion dollars is smart business, says Labours spokesperson on State Owned enterprises David Parker. Read more »

Simpson Grierson Acts for ACC on Kiwibank Acquision

Press Release – Simpson Grierson

Simpson Grierson has advised Accident Compensation Corporation (ACC) on its acquisition of a 22% stake in the Kiwibank group of companies. Read more »

RESEND: KiwiRail sees some green shoots

Article – BusinessDesk

Oct. 28 (BusinessDesk) – KiwiRail’s statement of corporate intent projects a drop in revenue for 2017 but chief executive Peter Reidy sees some bright spots for the state-subsidised railway, including the potential pickup in coal volumes and the … Read more »

EECA appoints new Chief Executive

Press Release – Energy Efficiency and Conservation Authority

The Energy Efficiency and Conservation Authority (EECA) is pleased to announce James Hay has been appointed as its new Chief Executive. Read more »

Andrew Crisp appointed as LINZ Chief Executive

Press Release – Land Information New Zealand

State Services Commissioner Peter Hughes has today announced the appointment of Andrew Crisp as Chief Executive of Land Information New Zealand (LINZ). Read more »

Annual Report Shows Raised Ambitions in 2015/16

Press Release – The Treasury

The Treasury has published its Annual Report for 2015/16 today. Secretary to the Treasury Gabriel Makhlouf praised the contribution that staff and high expectations have made to a successful year. Read more »

Southern Response Class Action returns to court

Press Release – GCA Lawyers

Southern Response Class Action (SRCA) returned to court this morning, seeking an order that the class action may proceed. Soon after commencement Justice Gendall noted that the group’s case appeared to Contain ‘very Serious allegations’. Read more »

Air NZ sells remaining stake in Virgin Australia

Article – BusinessDesk

Air New Zealand has sold its remaining stake in Virgin Australia for A$65.7 million. In its monthly update to investors, the company said the sale was an off-market transaction with investors including the Nanshan Group. Read more »

Solid Energy Asset Sales Process Proceeding on Schedule

Press Release – Solid Energy NZ

A milestone step in the sale of Solid Energys assets has been reached with the receipt of bids, beginning the final stage of the sale process as scheduled. Read more »

Air NZ reiterates warning of increased competition

Article – BusinessDesk

Sept. 30 (BusinessDesk) – Air New Zealand, the countrys national airline, reiterated its warning to shareholders that increased competition will hurt revenue this financial year. Read more »

Another renewable energy record broken

Press Release – New Zealand Government

The proportion of renewable energy used in New Zealand continues to reach record levels, Energy and Resources Minister Simon Bridges says. The finding was released today in the annual Energy in New Zealand report, which highlights key trends in … Read more »

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