Articles tagged with Business

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Boost in Great Walks Bookings Signals Conservation Success and Economic Growth

A significant boost in the number of people booking bednights along the country’s Great Walks is a good sign for conservation tourism and local businesses, Conservation Minister Tama Potaka says. Opening day bookings for each of the Great Walks were up by over 10,000 bednights compared to last year, totalling more than 140,000 bednights and bringing in more than $9 million to the Department of Conservation - Te Papa Atawhai, says Mr Potaka. “Booking system upgrades - including a new online lobby - successfully processed a peak of nearly 12,000 people waiting to book the Milford when it opened on 28 May in an hour.

New Zealand to Reform AML/CFT Laws for Small Businesses: Minister McKee Announces Overhaul

Associate Justice Minister Nicole McKee says that small businesses will benefit from upcoming reforms to New Zealand’s Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) laws, as the Government moves to make compliance more proportionate and practical for low-risk operators. Associate Justice Minister Nicole McKee has announced Cabinet’s approval to draft a new Anti-Money Laundering and Countering Financing of Terrorism (Omnibus) Amendment Bill to overhaul the existing system. Under current rules, even small businesses and professionals, such as real estate agents, face complex and time-consuming checks, often regardless of how much risk they face,” Mrs McKee says.

New Zealand Government Strengthens AML/CFT Regime to Combat Financial Crime

Associate Justice Minister Nicole McKee today announced further steps in the Government’s overhaul of the AML/CFT regime, strengthening efforts to combat serious financial crime. “This Government is serious about targeting criminals, not tying up legitimate businesses in unnecessary red tape,” Mrs McKee says. “Cabinet has agreed to introduce a bill to strengthen enforcement powers for Police and regulators to crack down on those involved in money laundering.

Regulation Minister Applauds BusinessNZ's Support for Regulatory Standards Bill to Cut Red Tape and Boost Business Growth in New Zealand

Regulation Minister David Seymour is welcoming BusinessNZ’s strong support for the Regulatory Standards Bill as a means to deal with red tape and regulation. “After all the misinformed opposition we’ve heard, the people who get up in the morning to make an honest buck and deliver goods and services to New Zealanders want red tape and regulation dealt to and believe this Bill will help them do that. “Submitting on the Bill at select committee today, BusinessNZ said it was an important step towards improving the quality of regulation and reducing the compliance burden on businesses by putting more scrutiny on politicians when law is made.

Government Strengthens Trespass Laws to Safeguard Businesses: Proposed Changes and Impact Explained

The Government is strengthening trespass laws to make them more effective and practical for businesses, Justice Minister Paul Goldsmith and Associate Justice Minister Nicole McKee say. “We know our trespass laws are no longer fit for purpose. They’re difficult to enforce and often criminals take no notice.

New Flexible Insulation Rules to Cut Costs for Designers, Builders, and Homeowners

Overly rigid insulation rules are being removed to ease costs for designers, builders and homeowners, Building and Construction Minister Chris Penk has announced. “I’ve heard clearly from the industry that the current one-size-fits-all approach to insulation requirements is needlessly driving-up costs. “The most prescriptive compliance pathway currently available for insulation – known as the Schedule Method – doesn’t allow for design trade-offs that can affect a home’s energy efficiency, like adjusting window size.

Government Funds 46 Innovative Research Projects Driving Economic Growth in New Zealand

The Government has reinforced its commitment to science-led economic growth by funding 46 high-potential research projects, says Science, Innovation and Technology Minister Dr Shane Reti. The projects will be funded by the contestable Endeavour Fund, which invests in research that unlocks new knowledge, technologies, and capabilities. The Smart Ideas stream of the fund targets bold, high-risk projects by catalysing and rapidly testing promising, innovative research.

New Certification scheme unlocks $200M market for Kiwi cosmetics in China

Trade and Investment Minister Todd McClay and Commerce and Consumer Affairs Minister Scott Simpson have welcomed a new certification scheme, announced by the Prime Minister in Shanghai today, that unlocks access to China’s $200 million cosmetics and skincare market — a move that will drive stronger returns for New Zealand exporters and boost the economy. “This is a smart, practical step that removes a long-standing trade barrier and opens up valuable new channels for our exporters,” McClay says. “It means more high-quality, innovative New Zealand products on shelves in China - not just online, but in stores across one of the world’s fastest-growing consumer markets.