Articles tagged with Ban
Kiwibank Empowered to Challenge Big Four Aussie Banks with $500M Capital Boost
1 day ago | 117 viewsKiwibank has been authorized to enhance its competition with the dominant Australian-owned banks in New Zealand's banking sector by raising up to $500 million in capital for growth. This move is aimed at enabling Kiwibank to better compete with the big four Australian banks while preserving its New Zealand identity. The government has approved measures to ensure Kiwibank's New Zealand identity, including maintaining majority government ownership and requiring key operational aspects to remain in New Zealand.
Tags: Kiwibank Nicola Willis Finance Minister Commerce Commission New Zealand Kiwi Group Capital Māori institutions New Zealand KiwiSaver funds stock marketNew Zealand Bans Surcharges to Save Millions: Commerce Minister's Decision
3 days ago | 244 viewsCommerce and Consumer Affairs Minister Scott Simpson announced the axing of surcharges to benefit New Zealanders financially. The move aims to eliminate the hassle and unexpected costs shoppers face at the checkout. By banning surcharges for in-store payments by May 2026, consumers can shop confidently without being penalized for their payment method choice.
Tags: surcharges money Kiwis Commerce and Consumer Affairs Minister Scott Simpson New Zealanders ban payments fees Commerce CommissionGovernment Unveils Plan to Combat Rising Homelessness Crisis in New Zealand
1 week ago | 214 viewsThe Government released the latest Homelessness Insights Report, addressing the issue of homelessness in New Zealand and the increasing numbers of people without shelter. Housing Minister Chris Bishop and Associate Housing Minister Tama Potaka emphasized the need for targeted interventions and support services to combat homelessness, highlighting the complexity of the issue and the importance of engaging with frontline organizations. The Government is committed to long-term solutions, including reforms in the housing market, infrastructure funding, and social housing systems to address the root causes of homelessness and provide stable housing for all New Zealanders.
Tags: Government Homelessness Insights Report New Zealand Housing Minister Chris Bishop Associate Housing Minister Tama Potaka Ministry of Housing and Urban Development Auckland City Mission Salvation Army Emergency Housing Transitional HousingFinance Minister Nicola Willis: Inflation Under Control as Govt Focuses on Economic Growth
1 week ago | 199 viewsNew data released by Stats NZ today shows inflation at 2.7 per cent for the 12 months to the June 2025 quarter, remaining within the Reserve Bank's target range, according to Finance Minister Nicola Willis. This marks the fourth consecutive quarter of inflation being within the target range, contrasting with previous higher rates under the previous government. Local authority rates and payments were noted as the largest contributor to annual inflation, prompting the government to call for better management to keep rates under control and ensure economic growth for job creation and public services funding.
Tags: inflation Finance Minister Nicola Willis Stats NZ Consumers Price Index Reserve Bank New Zealanders council rates local authority rates economic growth New ZealandNew Zealand’s Stable Economy: Government’s Fiscal Management Keeps Official Cash Rate Low
3 weeks ago | 288 viewsThe Government’s responsible fiscal management has supported the Reserve Bank to keep the Official Cash Rate low, Finance Minister Nicola Willis says. The Reserve Bank of New Zealand today announced it would keep the Official Cash Rate (OCR) at 3. 25 per cent while continuing to foreshadow further reductions in the OCR.
Tags: Government fiscal management Reserve Bank Official Cash Rate Finance Minister Nicola Willis New Zealand OCR interest rates economic managementSimplified Process: New Reforms Make Opening Bank Accounts for Children Easier
3 weeks ago | 399 viewsAssociate Justice Minister Nicole McKee is making changes to the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act that will make it easier for parents to open bank accounts for their children. “Opening a bank account for children should be a simple and positive step toward teaching them the value of saving. Unfortunately, regulations designed to prevent serious crimes can make the process unnecessarily difficult,” says Mrs McKee.
Tags: Nicole McKee Minister bank accounts children regulations reforms banks New Zealanders red tapeMinister Chris Bishop to Explore Urban Development Strategies in New York and Texas
3 weeks ago | 356 viewsInfrastructure, Transport and Housing Minister Chris Bishop will travel to New York and Texas tomorrow for a range of meetings across housing, planning, urban development and transport, including a keynote speech at the Urban Design Forum’s Global Exchange Programme. “In New York I will be holding a series of meetings with city officials and other stakeholders about their introduction of congestion pricing. The early results for New York are very promising, and with legislation allowing time of use charging schemes in New Zealand soon to report back from select committee, I look forward to bringing home lessons learned to ensure our scheme is a success from the start,” Mr Bishop says.
Tags: Chris Bishop Infrastructure Transport Housing Minister New York Texas Urban Design Forum Edward Glaeser affordable housing planningFormer Acting Governor Grant Spencer and Byron Pepper Appointed to Reserve Bank of New Zealand Board, One Vacancy Remains
1 month ago | 414 viewsFormer Acting Governor Grant Spencer has been appointed to the Reserve Bank of New Zealand Board, Finance Minister Nicola Willis has announced. Board member Byron Pepper has been reappointed. Both are on five-year terms, beginning today.
Tags: Grant Spencer Nicola Willis Byron Pepper Reserve Bank of New Zealand Financial StabilityEconomic surprise great news for Kiwis
1 month ago | 506 viewsToday’s surprise economic result is great news for workers, families and businesses, Finance Minister Nicola Willis said today. “Stats NZ reported today that the economy grew 0. 8 per cent in the first three months of the year, twice the rate forecast by the Treasury and the Reserve Bank a short time ago.
Tags: New zealand Nicola willis Reserve bank Stats nz TreasurySharpened focus on quality economic, population stats
1 month ago | 311 viewsStatistics Minister Dr Shane Reti has today announced a major new direction for Stats NZ, replacing the traditional paper-based census and increasing the frequency and quality of economic data to underpin the Government’s growth agenda. From 2030, New Zealand will move away from a traditional nationwide census and adopt a new approach using administrative data, supported by a smaller annual survey and targeted data collection. “This approach will save time and money while delivering more timely insights into New Zealand’s population,” says Dr Reti.
Tags: Consumers Government New zealand Reserve bank Shane reti Stats nz ZealandSaying yes to housing growth
1 month ago | 281 viewsNew Zealanders have an opportunity to help shape the new planning system replacing the Resource Management Act (RMA) through public consultation on removing unnecessary barriers to housing growth, says Housing and RMA Reform Minister Chris Bishop. “New Zealand’s house prices are among the most expensive in the developed world – a direct result of our current planning system making it too hard for our cities to grow up and out. “Fixing our housing crisis involves fixing the fundamentals of our housing market - freeing up land for development and removing unnecessary planning barriers, improving infrastructure funding and financing to support urban growth, and providing incentives for communities and councils to support growth.
Tags: Auckland Chris bishop Christchurch Housing National New zealand Policy statement on urban development Resource management act Standards