Articles tagged with Business
Showing 15 of 123 articles
MBIE Biometric Project Cost Overruns Spark Independent Audit and Inquiry
29 Jul 2026 | 1 month ago | 374 viewsThe Ministry of Business, Innovation and Employment (MBIE) ceased the seven-year Biometric Capability Upgrade project in December 2025, initially reporting $33 million in costs written off. Subsequent reviews revealed discrepancies in MBIE’s financial reporting, leading to the identification of an additional $6 million in project costs and prompting the commissioning of an independent financial audit. The matter has been referred to the Michael Heron inquiry and the Public Service Commissioner to investigate MBIE’s financial controls and potentially expand the inquiry’s scope.
Tags: Biometric Capability Upgrade Ministry of Business Innovation and Employment MBIE Greg James Education and Workforce Committee Nicola Willis Michael Heron Public Service Commissioner financial audit Cabinet scrutinyŌmāhu Marae Homes Transferred to Māori Trusts Supporting Whānau Housing
23 Jul 2026 | 1 month ago | 412 viewsOwnership of 11 temporary homes at Ōmāhu Marae in Hawke’s Bay has been transferred from the Government to local Māori authorities to support Māori-led housing and community resilience following Cyclone Gabrielle. This transfer honors Treaty obligations by enabling local stewardship, preserving cultural continuity, and ensuring the homes remain affordable and serve social good. The initiative reflects partnership and empowerment of Māori communities, with the village named Utaina Ōmāhu symbolizing unity and strength.
Tags: Tama Potaka Ōmāhu Marae Ngāti Hinemanu Ngāi Te Upokoiri Te Piringa Hapū Ngāti Kahungunu Cyclone Gabrielle Ministry of Business Innovation and Employment Heretaunga Te Tiriti o WaitangiNew Zealand's RDTI Hits $10 Billion Supporting Business Innovation and Growth
20 Jul 2026 | 1 month ago | 419 viewsThe Research and Development Tax Incentive (RDTI) in New Zealand has supported over $10 billion in business R&D investment, demonstrating growing confidence and rapid uptake, especially among small businesses. An independent evaluation in 2025 showed the scheme generates significant economic benefits, with each dollar of support leading to an additional $1.40 invested in R&D, contributing to productivity, innovation, and high-value job creation. To further enhance its impact, the government plans to introduce in-year payments for tax credits in Budget 2026, aiming to improve cash flow and encourage more businesses to invest in R&D.
Tags: Penny Simmonds Callaghan Innovation MBIE New Zealand RDTI Budget 2026 Science Technology Innovation R&D businesses governmentGovernment Launches Free Online Food Safety Course for Food Businesses
09 Jul 2026 | 2 months ago | 465 viewsThe Government, led by Minister Andrew Hoggard, is launching a free online food safety course to reduce costs for thousands of food businesses, which typically spend $50 to $200 per staff member on training. The course series, developed with industry input, includes modules on personal hygiene, maintaining a safe workplace, handling food safely, allergens, and traceability, all aimed at preventing foodborne illnesses. This initiative is part of broader efforts to simplify and improve food safety practices for businesses of all sizes.
Tags: Andrew Hoggard food safety foodborne illness personal hygiene food businesses Restaurant Association Hospitality NZ food safety training allergens traceabilityNew Zealand Manufacturing Hits Strongest Growth in Nearly Five Years
09 Jul 2026 | 2 months ago | 497 viewsNew Zealand's manufacturing sector experienced its strongest growth in nearly five years, with the BNZ-BusinessNZ Performance of Manufacturing Index rising sharply to 59.7 in June, indicating robust expansion across new orders, production, and employment. The sector, which employs over 220,000 people and contributes significantly to GDP and exports, is driving economic growth and outperforming major global economies. Government support, including the Investment Boost initiative, is helping manufacturers invest in productivity-enhancing machinery, sustaining the sector's momentum and future development.
Tags: Cameron Brewer Stephen Toplis New Zealand BNZ BusinessNZ Manufacturing Small Business Investment Boost United States ChinaKiwi Businesses Boost Productivity with $800M Gains from eInvoicing Adoption
07 Jul 2026 | 2 months ago | 458 viewsKiwi businesses are projected to gain up to $800 million annually in productivity through full eInvoicing adoption, which has more than doubled in uptake recently, enabling faster payments and reduced paperwork. The government leads by example with prompt payments, achieving over 95% of invoices paid within 10 working days, and will require large businesses to send eInvoices to government agencies from January 2027. This initiative aims to improve cashflow, cut administrative costs, reduce invoice fraud, and create a more efficient business environment in New Zealand.
Tags: eInvoicing productivity gains Kiwi businesses Cameron Brewer NZIER Small Business Manufacturing Minister government payments invoice fraud cloud accountingNew Zealand Passes Health and Safety Amendment Bill to Focus on Critical Risks
01 Jul 2026 | 2 months ago | 556 viewsThe Health and Safety at Work Amendment Bill, passed in New Zealand, focuses on preventing serious workplace harm by prioritizing critical risks and reducing regulatory burdens, especially for small businesses. It strengthens Approved Codes of Practice and clarifies duties for directors, aiming to simplify compliance and improve safety outcomes. The reforms, effective from April 2027, balance strong worker protections with practical guidance to support businesses and enhance economic growth.
Tags: Brooke van Velden Health and Safety at Work Amendment Bill New Zealand Workplace Relations and Safety WorkSafe Approved Codes of Practice small businesses workplace injuries regulatory complianceNew Zealand’s Visa Waiver Trial Boosts Economy by $215M with 92,000 Visitors
24 Jun 2026 | 2 months ago | 597 viewsA 12-month visa waiver trial launched in November 2025 allowing eligible Chinese and Pacific visitors traveling from Australia to use a simpler, faster, and cheaper New Zealand electronic Travel Authority (NZeTA) has generated $215 million for New Zealand’s economy in six months. The trial has led to a 40% increase in Chinese visitor arrivals, filling hotels and businesses, and supporting jobs, with over 80,000 travelers arriving via this new pathway. Decisions on the trial’s future will follow a full evaluation after the 12-month period, while eligible travelers continue to benefit from the streamlined NZeTA process.
Tags: Erica Stanford Louise Upston Immigration New Zealand Chinese visitors Pacific visitors New Zealand economy NZeTA Ministry of Business Innovation and Employment Stats NZ New Zealand tourismNew Research Projects Boost Efforts to Eradicate Yellow-Legged Hornet in NZ
23 Jun 2026 | 2 months ago | 532 viewsFour new research projects led by the Bioeconomy Science Institute will support Biosecurity New Zealand's efforts to eradicate the yellow-legged hornet, focusing on risk modeling, impact assessment, targeted communication with Māori communities, and readiness planning for the apiculture sector. Since the hornet's detection in Auckland last year, 77 queens and 132 nests have been removed, with no sightings since early April, but ongoing surveillance and public vigilance remain crucial. Funded by the Ministry of Business, Innovation and Employment, these projects aim to enhance eradication strategies and prepare for potential long-term management.
Tags: Penny Simmonds Andrew Hoggard Biosecurity New Zealand Bioeconomy Science Institute Auckland Ministry of Business Innovation and Employment Maiangi Taiao Māori communities apiculture sectorNew Zealand Manufacturing Leads Economic Growth with 1.9% Rise in Q1 2026
18 Jun 2026 | 2 months ago | 607 viewsNew Zealand's manufacturing sector led economic growth in the March 2026 quarter, expanding 1.9 percent and significantly contributing to the country's 0.8 percent GDP growth. This growth was driven by innovative firms like Dawn Aerospace, Rocket Lab, and Fisher and Paykel Healthcare, reflecting strong productivity and forward orders. The government supports this sector through initiatives like the Investment Boost, aiming to enhance productivity and sustain manufacturing's role in New Zealand's economic recovery.
Tags: Cameron Brewer Dawn Aerospace Rocket Lab Fisher and Paykel Healthcare New Zealand Manufacturing GDP Small Business Advancing Manufacturing Aotearoa Manufacturing Productivity Advisory GroupNew Zealand Manufacturing Leads Economic Growth with 1.9% Rise in Q1 2026
18 Jun 2026 | 2 months ago | 592 viewsNew Zealand's manufacturing sector led economic growth in the March 2026 quarter, expanding 1.9 percent and driving a 0.8 percent overall GDP increase, with strong performance in transport equipment and machinery manufacturing. Key firms like Dawn Aerospace, Rocket Lab, and Fisher and Paykel Healthcare are spearheading innovation and productivity, supported by government initiatives such as the Investment Boost to encourage capital investment. Manufacturing, contributing around 8 percent of GDP and employing over 220,000 people, is central to New Zealand's economic recovery and future growth strategy.
Tags: Cameron Brewer Dawn Aerospace Rocket Lab Fisher and Paykel Healthcare New Zealand Manufacturing Small Business Advancing Manufacturing Aotearoa Manufacturing Productivity Advisory Group Investment BoostGovernment Removes Health and Life Insurers from Climate Reporting to Cut Costs
18 Jun 2026 | 2 months ago | 576 viewsThe Government is removing health and life insurers from the mandatory climate reporting regime, as these insurers are not directly exposed to climate risks and reporting adds unnecessary costs to their clients. This change follows previous adjustments raising the reporting threshold and excluding certain schemes, reducing the number of businesses required to report from 164 to around 67. The focus remains on ensuring large businesses with significant impact continue reporting, while cutting red tape for firms where reporting is less relevant.
Tags: Cameron Brewer Government Commerce and Consumer Affairs climate reporting health insurers life insurers NZX business growth market capitalisation red tapeNew Zealand Boosts Tourism with $5M Marketing Investment in Key Markets
17 Jun 2026 | 2 months ago | 648 viewsThe New Zealand Government plans to boost tourism growth by investing $4 million in targeted marketing in Australia, the United States, and China, alongside a $1 million boost to attract more business events. Tourism and Hospitality Minister Louise Upston emphasized that tourism, as the country's second-largest export, is vital for economic growth, with goals to restore visitor numbers to pre-pandemic levels by 2026 and double tourism export value in ten years. These investments, funded by the International Visitor Levy, aim to accelerate visitor numbers, support high-value business events, and deliver economic benefits across New Zealand.
Tags: Louise Upston Tourism New Zealand New Zealand Australia United States China MBIE Stats NZ International Visitor Levy Business EventsNew Zealand Boosts Small Businesses with New AI-Powered Government Funding
11 Jun 2026 | 3 months ago | 629 viewsNew Zealand's government is funding AI-powered initiatives to support 600,000 small businesses, aiming to unlock growth opportunities with smart, data-driven tools. The investment expands AcceleratorNZ to provide AI-driven business diagnostics to 500 more firms and helps Business Mentors New Zealand develop an AI Digital Mentor tool to better match mentors with businesses. These efforts modernize support services, enhancing efficiency while maintaining human mentorship to help small businesses grow, compete, and succeed.
Tags: Cameron Brewer AcceleratorNZ Business Mentors New Zealand BMNZ New Zealand small businesses AI tools Government funding Business South AI Digital MentorKiwi Space Activator Funds University of Auckland’s Rakiraki CubeSat Project
11 Jun 2026 | 3 months ago | 681 viewsSpace Minister Chris Penk announced that the University of Auckland received $300,000 from the Kiwi Space Activator pilot programme to develop the Rakiraki CubeSat, a satellite aimed at improving space object tracking to protect essential satellite services. The programme supports New Zealand innovators in advancing space technology from concept to launch, fostering sovereign space capability, commercialisation, and global market access. With $1.78 million awarded across two rounds to four projects, the initiative reflects the growing and high-quality space innovation sector in New Zealand.
Tags: Chris Penk Kiwi Space Activator University of Auckland Rakiraki CubeSat Auckland University of Technology Space Operations New Zealand MBIE New Zealand space sector Kiwi businesses space technology