18 Dec 2025
10 months ago
1504 views
Finance Minister Nicola Willis welcomed the strong 1.1% economic growth in the third quarter, driven by 14 of 16 sectors, signaling a positive turnaround after challenging years. Key job-rich sectors like manufacturing, construction, and business services showed significant growth, alongside increases in exports and investment, indicating promising future job prospects and higher incomes. With GDP per capita rising 0.9% and forecasts predicting accelerated growth and lower unemployment next year, the government’s strategy to strengthen the economy appears effective.
17 Dec 2025
10 months ago
1433 views
The Government will monetise its debt in Chorus, recovering funds earlier than the original 2036 repayment schedule to invest in capital projects like schools, hospitals, and roads. This decision follows the completion of the fibre broadband rollout, funded by $1.336 billion in interest-free loans to Chorus between 2012 and 2023, with $170 million repaid in 2025. The monetisation process will begin in early 2026, with proceeds ring-fenced for Budget 2026 infrastructure needs, and will not affect Chorus’s ownership or services.
17 Dec 2025
10 months ago
1423 views
Finance Minister Nicola Willis has welcomed the Reserve Bank’s decision to ease some capital requirements imposed on banks in 2019, including adjustments to risk weights. These changes aim to enhance competition, particularly benefiting smaller banks and increasing lending to key sectors like agriculture. The revised requirements maintain prudence while promoting a more balanced approach between risk management and fostering competition, with gradual implementation planned.
16 Dec 2025
10 months ago
1508 views
The Government has passed legislation to improve election efficiency by closing enrolment 13 days before election day, allowing automatic enrolment updates, and removing postal requirements to better manage voter participation. Additional changes include extending advance voting to 12 days, reinstating a prisoner voting ban for certain sentences, adjusting donor reporting thresholds, and introducing penalties for providing inducements near polling places. The Bill also enhances Electoral Commission operations, modifies candidate and party registration rules, and supports a separate bill to ensure executive government continuity post-election.
16 Dec 2025
10 months ago
1544 views
The Government has established the Ministry of Cities, Environment, Regions and Transport (MCERT) by merging four agencies to streamline housing, transport, urban development, and environmental reforms. MCERT aims to address New Zealand’s economic and environmental challenges through integrated planning, clearer accountability, and coordinated policy advice, improving outcomes for local government and communities. The new Ministry will be fully operational by July 2026, with a Chief Executive appointed earlier that year, enhancing efficiency and supporting ambitious reform agendas.
02 Dec 2025
10 months ago
1231 views
Associate Finance Minister Shane Jones announced 38 appointments and reappointments to New Zealand's 12 community trusts, which collectively manage over $3.5 billion in investments and grant around $100 million annually to local organizations. The appointees bring diverse expertise across sectors such as education, healthcare, governance, and environmental protection, supporting the trusts' role in building strong, empowered communities nationwide. These trusts, governed by the Community Trusts Act 1999, serve their regions by managing investments and distributing grants for charitable and community development purposes, with terms lasting up to four years.
01 Dec 2025
10 months ago
1224 views
Open banking officially launched in New Zealand on 1 December 2025, enabling faster loan approvals, easier bill management, and personalized budgeting through secure, regulated sharing of financial data with customer consent. The new system, regulated under the Customer and Product Data Act 2025, requires major banks to implement open banking capabilities and mandates accreditation for third-party data requestors to ensure security and trust. This initiative aims to boost innovation and competition in the banking sector, benefiting consumers, small businesses, and fintech companies by providing enhanced financial tools and services.
28 Nov 2025
11 months ago
1162 views
A new action plan led by Auckland’s government and council aims to make the city centre safe, welcoming, and vibrant by supporting vulnerable populations, increasing police presence, and improving public spaces and services. Key initiatives include adding social housing, outreach for rough sleepers, enhanced enforcement against criminal behavior, and regular maintenance of cleanliness and safety in public areas. The plan emphasizes collaboration among multiple agencies to boost confidence, economic activity, and community well-being as major projects and tourism increase in Auckland.
27 Nov 2025
11 months ago
1174 views
Rodger Finlay has been appointed Chair of the Reserve Bank, continuing his leadership since August 2023, while Rhiannon McKinnon joins the Bank’s Board for a five-year term. These appointments are part of a broader refresh of the Reserve Bank, which includes new leadership, committees, and a focus on increased accountability, transparency, and banking competition. Both appointees bring extensive experience in governance and financial management, supporting the Bank's statutory responsibilities and government expectations.
26 Nov 2025
11 months ago
1400 views
The Reserve Bank has lowered the Official Cash Rate to 2.25%, marking the ninth reduction since July 2024, which is boosting economic activity and supporting forecasts of falling inflation and rising growth. This easing of rates is benefiting households by increasing mortgage renewal opportunities and enabling more Kiwis to purchase their first homes, with 23,600 first-time buyers in the past year. Finance Minister Nicola Willis highlights that these positive economic trends offer hope and improved financial choices for New Zealand families and businesses.
21 Nov 2025
11 months ago
1057 views
The Government has introduced a new Housing Investment Plan focused on delivering the right type of homes in the right locations for those in high housing need, based on detailed data analysis and community engagement. Key reforms include fixing Kāinga Ora’s financial and operational inefficiencies, leveling the playing field for Community Housing Providers through reduced borrowing costs, and establishing a Flexible Fund to support diverse housing interventions including affordable rentals. This plan emphasizes targeted investment, competitive procurement, and robust monitoring to improve housing outcomes and ensure effective use of resources in addressing New Zealand’s housing crisis.
20 Nov 2025
11 months ago
1194 views
Associate Justice Minister Nicole McKee has introduced a ministerial exemption to the AML/CFT Act 2009, allowing banks to share anti-money laundering information to better prevent fraud and scams. This reduction in red tape enables banks to act faster and collaborate more effectively to freeze scam transfers before funds are lost overseas. The government aims to create more agile regulatory settings by freeing businesses from excessive compliance burdens while targeting actual financial criminals through wider AML/CFT reforms.
20 Nov 2025
11 months ago
1135 views
New research from the Education Review Office shows that banning cell phones in schools has improved student focus, behaviour, achievement, and reduced bullying. Despite these positive outcomes, about a third of senior students still break the rules, mainly to message parents, highlighting the need for parental support and updated school guidelines. The government is considering expanding the ban to include smartwatches and continues to support schools in implementing policies that enhance student learning and wellbeing.
20 Nov 2025
11 months ago
1227 views
Housing Minister Chris Bishop announced that over 150 new social homes will be delivered by Community Housing Providers (CHPs) in Hawke’s Bay, targeting one and two-bedroom units to meet the region's greatest demand. The government is investing in a new housing system focused on building the right homes in the right places with appropriate support, backed by funding for more than 2,000 additional homes nationwide over the next two years. These efforts, supported by simplified funding and partnerships with local organizations, aim to address housing shortages efficiently, with some homes already delivered and more expected by mid-2026.
19 Nov 2025
11 months ago
1264 views
Minister Winston Peters will visit Viet Nam, Thailand, and China next week to strengthen New Zealand's key relationships in Southeast Asia and discuss regional challenges with senior leaders. He will also attend an event in Guangzhou marking New Zealand’s purchase of two interisland ferries, highlighting the strong trade ties with China. This visit underscores the Coalition Government’s commitment to maintaining and enhancing mutually beneficial cooperation with both Southeast Asia and China.