Articles tagged with Business

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Investment in vital bridge to Monowai Valley

The Regional Infrastructure Fund will invest $6 million towards replacing the Monowai Suspension Bridge in western Southland, Associate Regional Development Minister Mark Patterson and South Island Minister James Meager say. The funding will support construction of a new bridge on Lake Monowai Road, ensuring continued access to Monowai Valley and Fiordland National Park. “This bridge is a vital link for the Monowai Valley communities and businesses, and the historic Monowai hydroelectric power station which has contributed to the electricity network for more than 100 years,” Mr Patterson says.

Simplified Food Safety Rules Proposed to Help NZ Food Businesses Cut Red Tape

The Government is proposing updates to New Zealand's Simply Safe & Suitable food control plan to simplify food safety obligations by reducing paperwork, focusing on key risks, and using clearer, business-friendly language. Key changes include less testing and record-keeping, a modular template tailored to operations, and clearer links between hazards and corrective actions, alongside recent measures like free online training and eased rules for certain food businesses. Consultation on these proposals runs until 15 November 2026, with further reforms such as ongoing registration expected by mid-2025.

New Zealand to Simplify Alcohol Licensing and Cut Red Tape for Hospitality Sector

Regulation Minister David Seymour and Associate Justice Minister Nicole McKee announced reforms to New Zealand’s alcohol licensing system following a comprehensive Hospitality Sector Review, aiming to reduce red tape and make licensing easier, more cost-effective, and proportionate. The government accepted nearly all recommendations, including simplifying application processes, reforming fees, extending renewal periods, consolidating licensing types into a risk-based framework, and improving oversight through a nationwide information system. These changes are intended to support hospitality businesses, reduce delays and costs, and ultimately unlock economic potential by enabling Kiwi businesses to operate more efficiently.

New Zealand Manufacturing Grows 14 Months Straight with Broad Industry Expansion

New Zealand's manufacturing sector has expanded for 14 consecutive months, with growth spreading across all main industry groups and regions, as reflected in the BNZ-BusinessNZ Performance of Manufacturing Index (PMI) reading of 53.1 for August. Increased new orders and solid production indicate positive momentum, supported by government initiatives like the Investment Boost to enhance productivity. Despite global uncertainties, New Zealand manufacturers are outperforming major economies, contributing significantly to employment, GDP, and exports while receiving strong governmental support.

New Zealand Sets Renewable Energy Records with Lower Electricity Prices

New Zealand’s Government reports record renewable electricity generation and a 66% drop in wholesale prices for the June quarter, attributing success to policies like LNG import facility procurement and fast-tracking renewable projects. Despite strong renewable output, the electricity system remains vulnerable to dry years due to reliance on hydro storage and backup thermal generation, highlighting risks from past bans on oil and gas exploration. The Government emphasizes ongoing investment in renewables supported by LNG imports to ensure energy security and affordability in challenging conditions.

David McClatchy Reappointed to Guardians of NZ Superannuation Board for 3 Years

David McClatchy has been reappointed for three years as a member of the Guardians of New Zealand Superannuation Board, which manages the NZ Superannuation Fund and Elevate NZ Venture Capital Fund valued at $94.4 billion. His extensive experience in investment management and governance contributes to the board’s stability, leadership, and expertise during a period of economic uncertainty. The reappointment reflects the Government’s commitment to strong governance and robust investment performance to grow New Zealand’s sovereign wealth funds for future generations.

Free Government Food Safety Courses Help Thousands of Food Business Staff

The Government’s free online Food Safety Basics training modules have benefited thousands of food business staff, with the third module on maintaining a food safe workplace now available. Developed with industry input, the course covers key topics like cleaning, pest control, and waste management, and aims to simplify food safety while saving businesses money on costly training. Additionally, recent government changes have reduced regulatory burdens and costs for various food businesses, supporting a more efficient and consistent food safety system nationwide.

New Zealand Invests $23.5M in Todd Energy Projects to Secure Gas Supply

New Zealand is advancing its energy security by investing up to $23.5 million from the Gas Security Fund in two Todd Energy projects aimed at unlocking nearly 20 petajoules of additional gas reserves over five to nine years. These projects, expected to deliver gas by 2027, will provide around 6% of the country's projected gas production, supporting energy reliability during peak demand and complementing the transition to renewable energy. The fund, designed to accelerate gas supply and ensure electricity generation reliability, has attracted strong interest and involves significant co-investment from Todd Energy to share risks and promote economic growth.

WorkSafe Launches New Prequalification Template to Help Small Construction Contractors

WorkSafe has introduced a new prequalification template to simplify the contractor health and safety assessment process, addressing frustrations over inconsistent and duplicative requirements in New Zealand’s construction industry. This template, supported by a position statement, promotes a consistent, risk-based approach that reduces unnecessary costs and paperwork, particularly benefiting small businesses and sole traders. Government agencies are expected to adopt the template in procurement processes, helping contractors avoid multiple prequalification forms and making bidding more efficient and cost-effective.

New Zealand Targets Electricity Network Reforms to Lower Power Bills and Boost Efficiency

New Zealand’s rising electricity bills are largely driven by electricity distribution network costs, prompting the government to seek reforms for greater affordability, reliability, and efficiency in the sector. The Ministry of Business, Innovation and Employment (MBIE) has released a discussion document proposing actions to enhance collaboration among Electricity Distribution Businesses (EDBs), improve economic regulation, and strengthen governance to support increased electrification and innovation. The government is inviting public feedback on these potential reforms to ensure investments deliver value for consumers and help moderate future power costs.

New Zealand Passes Law to Protect Businesses from Climate Change Litigation

The New Zealand Government has amended the Climate Change Response Act 2002 to prevent tort liability claims against businesses for climate change damage caused by greenhouse gas emissions, aiming to provide legal certainty and avoid conflicting court rulings. Justice Minister Paul Goldsmith emphasized that climate change issues are complex and better managed through national legislation rather than litigation. Despite the amendment, businesses remain obligated to comply with existing emissions regulations under the Emissions Trading Scheme.

Government Funds Additional Growth Advisor to Support Hawke's Bay Businesses Through 2027

The Government is funding an additional Growth Advisor at the Hawke's Bay Chamber of Commerce through June 2027 to provide hands-on support for local business owners recovering from Cyclone Gabrielle. This advisor will offer practical guidance on planning, growth opportunities, and decision-making, helping businesses navigate ongoing challenges and access regional resources. The initiative aims to strengthen Hawke's Bay's productive economy by ensuring small businesses receive timely, local expertise to rebuild and succeed.

Government Ends ‘Offensive Trades’ Registration, Saving Businesses Time and Money

The Government is abolishing the ‘offensive trades’ registration under the 1956 Health Act to reduce unnecessary compliance costs and save businesses time and money. This change, supported by Ministers David Seymour and Simeon Brown, recognizes that modern environmental and industry-specific regulations sufficiently manage these trades, making annual registrations obsolete. The reform is expected to save up to $2.26 million over 10 years and reflects ongoing efforts by the Ministry for Regulation to cut red tape and improve productivity.

Unlocking New Zealand's Hydrogen Potential: Innovation, Investment, and Energy Future

The Hydrogen Hui highlights New Zealand’s potential to develop hydrogen as a key part of its energy mix, supporting economic growth, energy security, and emissions reduction through innovation across the hydrogen value chain. The government is committed to establishing clear regulatory frameworks and investing $45 million in projects like Aspiring Materials’ green hydrogen and critical minerals facility to foster regional development and technological advancement. Success relies on collaboration among industry, investors, and researchers to build a sustainable hydrogen sector, guided by the newly launched New Zealand Hydrogen Industry Road Map.

Unlocking New Zealand’s Hydrogen Potential: Innovation, Investment, and Future Growth

The Hydrogen Hui highlights New Zealand's commitment to developing hydrogen as a key part of its energy future, emphasizing its potential for energy security, regional economic growth, and emissions reduction across various sectors. The government is working on establishing clear regulatory frameworks and investing $45 million through the Regional Infrastructure Fund to support innovative hydrogen projects like Aspiring Materials' green hydrogen and critical minerals facility. Success will rely on collaboration among industry, researchers, and investors, guided by the newly launched New Zealand Hydrogen Industry Road Map to build a comprehensive hydrogen value chain.