07 May 2026
6 months ago
1434 views
The Government will increase the Rates Rebate Scheme from July 2026, raising the maximum rebate and income thresholds to provide targeted support for low-income ratepayers and SuperGold Cardholders, helping seniors on fixed incomes manage rising rates. New application forms will be available through councils and online, ensuring eligible households receive assistance amid ongoing cost-of-living pressures. Additionally, a rates cap will be introduced to control council spending and prevent unsustainable rate increases, with details to be announced later this year.
04 May 2026
6 months ago
1140 views
Commerce and Consumer Affairs Minister Cameron Brewer has accepted the resignation of Financial Markets Authority (FMA) Chair Craig Stobo following an independent review that found no evidence of inappropriate relationships but noted lapses in political neutrality and delayed governance disclosures. The review emphasized the importance of maintaining confidence in the FMA’s independence and integrity as it continues its regulatory role in New Zealand’s financial markets. Steven Bardy will serve as Acting Chair while a permanent replacement is sought, with the government reaffirming its commitment to a strong and independent financial markets regulator.
30 Apr 2026
6 months ago
1211 views
The Reserve Bank’s new Monetary Policy Committee (MPC) charter enhances transparency and accountability by publicly disclosing individual members' votes when consensus is not reached and attributing material differences in views. It also relaxes restrictions on MPC members' external communication while ensuring equal access to information, aiming to improve public understanding of monetary policy decisions. The committee will review these changes after 12 months to assess their effectiveness in supporting clear communication and transparency.
24 Apr 2026
6 months ago
982 views
Minister of Finance Nicola Willis and Australian Treasurer Jim Chalmers met to address regional fuel supply disruptions, economic outlook, and trans-Tasman integration amid global challenges. They committed to ongoing cooperation on fuel market conditions, financial system resilience, and targeted assistance to the Pacific, emphasizing practical, timely responses to minimize inflation and fiscal costs. The leaders also discussed enhancing economic growth through the Single Economic Market agenda and participated in business and commemorative events to strengthen bilateral ties.
23 Apr 2026
6 months ago
1056 views
Moody’s downgrade of New Zealand’s Aaa outlook to negative highlights the need for disciplined spending, balanced budgets, and debt reduction to avoid higher borrowing costs and economic pressure on families. Finance Minister Nicola Willis emphasizes that temporary, targeted support is crucial amid global uncertainties, warning against excessive borrowing that would increase debt servicing costs and reduce funding for essential public services. Despite the outlook change, New Zealand maintains its top credit rating due to its resilient economy and fiscal discipline, with economic growth seen as key to improving the outlook and supporting prosperity.
15 Apr 2026
6 months ago
1123 views
The Government will receive a $10 million special dividend from Landcorp Farming Limited, contributing to a total of $25 million in dividends returned to the Crown for the 2025/26 financial year. This payment reflects Landcorp’s strong financial position, improved operations, and commitment to delivering value for taxpayers, supported by favorable commodity prices and disciplined management. The special dividend follows a $9.5 million capital repayment from Fonterra and is considered a pass-through of this non-operating receipt, separate from Landcorp’s ordinary dividend policy.
14 Apr 2026
6 months ago
1103 views
David Boyle has been appointed as New Zealand's Retirement Commissioner for a three-year term starting May 18, announced by Commerce and Consumer Affairs Minister Cameron Brewer. Boyle brings extensive experience in retirement savings, having played a key role in establishing KiwiSaver and previously worked on financial wellbeing initiatives and education programs at the Retirement Commission. Brewer also thanked outgoing commissioner Jane Wrightson for her six years of leadership in improving financial capability and retirement outcomes.
01 Apr 2026
7 months ago
1162 views
Open Banking will be expanded to business banking channels, enabling businesses to share banking data with trusted providers to access faster loan comparisons, automated accounting, and improved cashflow management. This initiative aims to save businesses time on administrative tasks, boost competition, and enhance productivity, particularly benefiting small businesses by providing clearer financial insights and reducing manual work. While large corporates are exempt due to limited demand, the government prioritizes Open Banking as a key tool to support small business growth and efficiency.
01 Apr 2026
7 months ago
1138 views
A new levy regime effective today aims to make New Zealand’s goods management system fairer by shifting border clearance costs from taxpayers to importers and exporters, particularly addressing the surge in low-value online imports. The changes introduce differentiated charges based on consignment type and value, end subsidies for low-value goods and commercial vessels, and include fees for international transshipments and empty containers. These reforms, developed with industry consultation, are expected to recover NZ$71 million over four years, supporting Customs and MPI in safeguarding trade, biosecurity, and community safety.
31 Mar 2026
7 months ago
1271 views
New legislation requires the Treasury to include specific fiscal risk statements in economic and fiscal updates, addressing previously unclear risks such as time-limited funding for Pharmac medicines. The Act removes the requirement for Treasury to report on wellbeing, focusing instead on core economic and fiscal advice, and advances the delivery date of the Pre-Election Economic and Fiscal Update by five working days to better inform voters. This law will take effect on July 1, 2026.
31 Mar 2026
7 months ago
1203 views
New legislation requires the Treasury's economic and fiscal updates to include specific statements on fiscal risks, addressing previous omissions like time-limited funding for essential medicines. It also removes the Treasury's obligation to report on "wellbeing," refocusing its role on core economic and fiscal advice, and advances the delivery date of the Pre-Election Economic and Fiscal Update to give voters more time to consider election choices. The Act is set to take effect by July 1, 2026.
29 Mar 2026
7 months ago
1410 views
From 1 April, the New Zealand government will increase financial support for over a million citizens, including superannuitants, working families, students, and beneficiaries, to help offset rising living costs due to the global fuel-price surge and Middle East conflict. Key measures include increased NZ Superannuation payments, boosted family tax credits, in-work tax credits, and changes to KiwiSaver contribution rates to encourage long-term savings. The government emphasizes targeted, responsible support to manage inflation and economic growth while safeguarding New Zealand’s financial future amid global uncertainties.
21 Mar 2026
7 months ago
1120 views
Finance Minister Nicola Willis emphasizes the importance of fiscal consolidation amid global economic volatility and Fitch Ratings' negative outlook on New Zealand's credit rating. The Government has pursued a balanced fiscal strategy with significant savings and investment in frontline services, aiming to reduce spending relative to GDP, return to surplus, and lower debt. Upcoming economic uncertainties, especially from energy market disruptions, reinforce the commitment to disciplined spending and prudent debt management to maintain New Zealand's fiscal reputation.
12 Mar 2026
8 months ago
1463 views
John Williamson has been reappointed as Chair of the Guardians of New Zealand Superannuation Board for two more years starting October 1, reflecting his strong leadership and extensive experience. The Board manages government investments in the NZ Super Fund and the Elevate NZ Venture Capital Fund, with five of seven members currently in their first term. This reappointment aims to ensure stability, continuity, and robust investment performance to grow New Zealand’s sovereign wealth funds for future generations.
06 Mar 2026
8 months ago
1159 views
The New Zealand Government has introduced a two-track system under the Overseas Investment Act to speed up investment decisions, aiming to process most applications within five to 15 working days, significantly faster than before. This reform, along with increased Active Investor Plus visa applications, is expected to bring billions in overseas capital, supporting economic growth, productivity, and high-paying jobs by providing access to international capital, expertise, and technology. The Government emphasizes that attracting foreign investment is essential for New Zealand’s future as a high-income economy and is committed to removing barriers to help businesses grow and create opportunities for Kiwis.