Finance News & Articles
New Zealand Anti-Scam Alliance: Fighting Online Financial Scams Together
1 week ago | 205 viewsImportant progress in the fight against online financial scams has been made with the launch of a new initiative between government, industry and consumer groups, Commerce and Consumer Affairs Minister Scott Simpson says. “It is unacceptable that so many Kiwis are swindled by scammers every day,” Mr Simpson says. “Some reports suggest scams cost the economy up to $2 billion annually, and it is crucial we get on top of the problem.
Tags: online financial scams government industry consumer groups Commerce and Consumer Affairs Minister Scott Simpson Kiwis scams AllianceNew Zealand’s Stable Economy: Government’s Fiscal Management Keeps Official Cash Rate Low
1 week ago | 219 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
1 week ago | 276 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 tapeFamilyBoost Program Enhancements Bring Financial Relief to Thousands of Households
1 week ago | 216 viewsTens of thousands of households will be better off thanks to changes being made to FamilyBoost to help families with the cost of living, Finance Minister Nicola Willis says. “From the start of this month, families will get larger FamilyBoost rebates on the early childhood education fees they pay, with rebates increasing from 25 per cent to 40 per cent of weekly fees, and those with household incomes of up to $229,000 now eligible to apply. “This means for example that a family with early childhood fees of $100 a week could have their weekly FamilyBoost payment increased from $25 a week to $40 a week, meaning their annual payments would increase from $1,300 to $2,080 over the course of a year, making them hundreds of dollars better off.
Tags: Finance Minister Nicola Willis FamilyBoost households families cost of living early childhood education rebates scheme Inland RevenueFormer Acting Governor Grant Spencer and Byron Pepper Appointed to Reserve Bank of New Zealand Board, One Vacancy Remains
2 weeks ago | 363 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 StabilityParliament Passes Legislation to Establish Invest New Zealand for Economic Growth and Innovation
3 weeks ago | 371 viewsParliament has today passed legislation to formally establish Invest New Zealand, clearing the way for the new investment attraction agency to begin operations on 1 July 2025. “This marks a major step in the Government’s plan to grow the economy by attracting more international capital, businesses and talent into New Zealand,” Trade and Investment Minister Todd McClay says. “Invest New Zealand will have a clear commercial focus—working directly with global investors to unlock opportunities that create jobs, boost innovation, and lift our long-term productivity.
Tags: Government Invest new zealand Investment New zealand Rob morrison Todd mcclayNew Zealand's Path to Economic Growth: Easing Investment for Businesses and Higher Wages
3 weeks ago | 383 viewsAssociate Finance Minister David Seymour welcomes the passing of first reading for a Bill to make it easier for New Zealand businesses to receive new investment, grow and pay higher wages. The Overseas Investment (National Interest Test and Other Matters) Amendment Bill has passed its first reading in Parliament today. “New Zealand has been turning away opportunities for growth for too long.
Tags: Amendment bill David seymour New zealand Overseas investment ( national interest test and other matters Seymour ZealandAccelerated Overseas Investment Decision-Making: Minister's Directive Leads to Efficiency Gains
3 weeks ago | 379 viewsAssociate Minister of Finance David Seymour is encouraged to see overseas investment decisions being made twice as fast following his Ministerial directive letter (the letter) to Land Information New Zealand (LINZ). “Last year I issued a Ministerial directive letter setting out my expectations for faster consent processing timeframes under the Overseas Investment Act (the Act),” Mr Seymour says. “The letter set my expectation that LINZ, the regulator for the Act, will process 80 per cent of consent applications in half the statutory timeframes for decisions.
Tags: David seymour Finance Land information new zealand National New zealand Overseas investment act SeymourEconomic surprise great news for Kiwis
1 month ago | 434 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 TreasuryGoing for growth with more overseas investment
1 month ago | 245 viewsAssociate Finance Minister David Seymour welcomes the introduction of legislation to make it easier for New Zealand businesses to receive new investment, grow and pay higher wages. The Overseas Investment (National Interest Test and Other Matters) Amendment Bill has been introduced to the House. “New Zealand has been turning away opportunities for growth for too long.
Tags: Amendment bill David seymour National interest test New zealand Other matters Overseas investment ( Seymour ZealandINVESTMENT SUMMIT: Investors excited at Summit’s opportunities
4 months ago | 347 viewsInternational investors have left New Zealand excited about the opportunities created at the first Investor Summit held in Auckland over the past two days, Prime Minister Christopher Luxon says. “Many millions of dollars is now under discussion and when those deals come to fruition, New Zealanders will not only see their roads, hospitals and schools built faster but they will see jobs created and businesses thrive around the new infrastructure. “Over the past few days, our growth agenda has been turbo-charged, and I am very excited about the prospects,” says Mr Luxon.
Tags: Acciona jose Auckland Christopher luxon Étienne Expressway Guido cacgue Harbour Investor Manuel entrecanales New zealand Northern Northland expressway Patrick lauren Spanish Webuild Zealand