Articles tagged with Business

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New Associate Agriculture Minister Mike Butterick Takes Key Roles in NZ Primary Sector

Agriculture Minister Todd McClay announced that Associate Agriculture Minister Mike Butterick will oversee the organics sector, water security and storage, the arable sector, Māori agribusiness, and catchment groups. Butterick, a sheep and beef farmer from Wairarapa, brings practical farming experience and will support efforts to reduce red tape and boost productivity in rural communities. Meanwhile, McClay has taken on responsibility for horticulture matters, strengthening the government’s focus on New Zealand’s primary sector.

Government Clarifies Climate Change Laws to Boost Business Certainty and Investment

The Government plans to amend the Climate Change Response Act 2002 to prevent tort liability claims against businesses for climate change damage, aiming to provide legal certainty and protect business confidence. Justice Minister Paul Goldsmith emphasizes that climate change responses should be managed nationally through existing frameworks like the Emissions Trading Scheme, rather than through court litigation. This amendment will not affect government responsibilities or businesses’ obligations under the ETS but will ensure a consistent regulatory approach.

Government Secures Long-Term Housing Supply in Westport Post-West Coast Floods

The Government is transferring 20 homes at Paparoa Way to local ownership for $1.2 million to support Westport's long-term housing supply following the 2021 West Coast floods. These modern homes, delivered in partnership with Buller District Council, remain fully occupied and help sustain the community by enabling families and workers to stay, aiding regional recovery and growth. This initiative transforms emergency housing into a lasting asset, enhancing Westport’s resilience and exemplifying effective collaboration between central and local government.

Free Online Food Safety Training Launched to Support NZ Food Businesses

The Government has launched a free online food safety training module to simplify and improve accessibility for food businesses, addressing previous challenges of cost and difficulty. Developed with industry input, this module is the first of six aimed at modernizing New Zealand’s food safety system to be fairer, more efficient, and responsive to business needs. Additional modules and initiatives are planned to further support the sector with appropriate, risk-based regulations and tools.

2026 Minister for Manufacturing Awards Finalists Celebrate NZ Industry Innovation

Minister Cameron Brewer announced the finalists for the 2026 Minister for Manufacturing Awards, which celebrate innovation and excellence in New Zealand’s manufacturing sector that employs 250,000 people and contributes significantly to the economy and exports. The awards introduce three new categories, including one for small businesses with fewer than 50 employees, reflecting the sector’s diversity and importance. The government is committed to supporting manufacturers through skills development and technology adoption, with winners to be announced at the EMEX 2026 event in Auckland.

New Zealand Secures Extra Diesel Supply to Boost Fuel Reserves and Security

The New Zealand Government has secured an additional nine days' supply of 90 million litres of diesel through a letter of intent with Z Energy to enhance fuel reserves amid global market uncertainties. This fuel will be stored at Marsden Point in refurbished tanks funded by a $21.6 million investment, with the Crown controlling its release to strengthen economic and fuel supply resilience. The agreement, resulting from a competitive procurement process, provides strategic insurance to ensure reliable diesel supply crucial for the economy while not counting towards fuel companies' minimum stockholding obligations.

Tony Balfour Appointed New Chair of New Zealand Lotteries Commission Board

Internal Affairs Minister Brooke van Velden announced Tony Balfour as the new Chair of the New Zealand Lotteries Commission Board, effective May 1, succeeding Mark Todd. Balfour brings extensive experience in governance, business strategy, and community engagement, ensuring strong leadership for the Commission. His appointment aims to enhance the Commission's integrity, transparency, and support for community initiatives through lottery funding.

The Growing Economic Impact of Older Workers in New Zealand’s Workforce

The latest Business of Ageing report reveals that older New Zealanders significantly contribute to the economy through paid work, self-employment, taxes, spending, and unpaid care, with unpaid work valued at over $20 billion annually. Workforce participation among those aged 65 and over is increasing, with projections showing the number of older workers will more than double in the next 50 years, necessitating new policies to harness their skills. The report emphasizes the importance of recognizing and supporting the economic and social roles of seniors to better adapt to an ageing population.

Open Banking Expands to Business Banking, Boosting Productivity and Growth

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.

Stats NZ Moves Over 60 Business Surveys Online to Ease Burden by 2026

Stats NZ is transitioning over 60 business surveys to an online platform starting August 2026 to reduce the administrative burden on businesses and modernize data collection. This shift, praised by Statistics Minister Dr Shane Reti and Small Business and Manufacturing Minister Chris Penk, particularly benefits small businesses by making survey completion faster, more convenient, and less disruptive. The move aims to improve response rates and ensure timely, accurate insights for policymaking while allowing businesses to focus on growth.

Re-Energise 26 Report Calls for Coordinated Action to Build NZ Energy Workforce

The Re-Energise 26 report highlights the urgent need for coordinated efforts to build New Zealand’s energy workforce to meet growing sector demands and avoid missed opportunities. Key challenges include workforce uncertainty, training pipeline issues, and critical role shortages, while opportunities lie in unified talent development and clearer career pathways. The government, industry, and educators must collaborate to strengthen skills, improve job connections, and support regions facing industry decline to ensure a sustainable energy sector future.

New Zealand Releases Oil Tickets to Support Global Supply Amid Strait of Hormuz Closure

New Zealand will release 1.577 million barrels of crude oil purchase options, known as oil tickets, to support the International Energy Agency’s collective response to oil supply disruptions caused by the Strait of Hormuz closure. This contribution, part of a larger IEA release of 400 million barrels, aims to ease global refinery pressure and stabilize markets without affecting New Zealand’s domestic fuel security. The released tickets pertain to crude oil and fuels incompatible with New Zealand’s system, meaning no physical oil supply will be directly released.

New Zealand Maintains Strong Fuel Stocks with 49 Days Supply Amid Global Uncertainty

New Zealand currently maintains healthy fuel stocks, with about 49 days of petrol, diesel, and jet fuel supply available, including fuel in storage and shipments en route. The government is enhancing fuel data reporting and working closely with industry to monitor supply risks, ensuring readiness amid global uncertainties like the Strait of Hormuz closure. Authorities emphasize there is no need for fuel restrictions at this time, assuring the public that any changes will be communicated promptly with mitigation plans in place.

New Zealand Boosts Economy with Faster Overseas Investment Approvals and New Visas

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.

New Zealand Welcomes Second Private Building Consent Authority to Boost Efficiency

New Zealand has approved its second private Building Consent Authority (BCA), Farsight NZ Limited Partnership, to increase competition and capacity in the building consent system, aiming to reduce paperwork and speed up approvals. Farsight will manage key building control tasks for Summerset, a major residential builder, which will help alleviate pressure on council BCAs and improve consistency in applying the Building Code. All BCAs, including private ones, must meet strict accreditation and legal requirements to ensure strong consumer protections and efficient service delivery.