10 Sep 2026
1 month ago
458 views
The average KiwiSaver balance has surpassed $40,000 for the first time, with total investments reaching $138.8 billion and strong growth in member contributions and new enrollments. Increased competition in the KiwiSaver market is evident, with 460,000 fund switches and $7.4 billion moved between providers last year, encouraging members to review and choose better options. Additionally, the government introduced a bill allowing workers in service tenancies to use KiwiSaver for home purchases, supporting first-home buyers and enhancing savings accessibility.
02 Sep 2026
1 month ago
465 views
New legislation will allow farm workers to use their KiwiSaver savings to buy their first home, addressing rules that previously excluded rural workers from first-home withdrawals. The bill also permits first-time farm buyers to use KiwiSaver funds for farms owned through companies, trusts, or partnerships they control, reflecting how farm ownership typically operates. These changes aim to make homeownership fairer and reduce debt for rural workers, enabling them to own property alongside their work.
02 Sep 2026
1 month ago
531 views
New legislation allows farm workers to use their KiwiSaver savings to buy their first home, addressing previous rules that excluded rural workers required to live on-site. The KiwiSaver (First Home or Farm) Amendment Bill also permits first-time farm buyers to use their savings when purchasing a farm through a majority-owned company, trust, or partnership, reflecting how farm ownership typically operates. This change aims to make farm ownership more accessible, reducing debt for new owners and recognizing the contributions of rural workers.
29 Aug 2026
1 month ago
501 views
The New Zealand Government will impose a 10-year performance requirement regulation on Wellington's water services provider, Tiaki Wai, following a Commerce Commission recommendation to ensure stronger accountability and transparency. This regulation grants the Commission the power to set binding performance standards, prioritizing critical projects and ensuring the $25 billion investment over 30 years is effectively managed and delivers promised infrastructure improvements. Ministers emphasize that this independent scrutiny aims to restore public confidence by guaranteeing that water charges are transparently used for necessary network upgrades rather than being hidden within general rates.
19 Aug 2026
2 months ago
630 views
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.
14 Jul 2026
3 months ago
659 views
The Government is seeking feedback on the next phase of capital market reforms aimed at lowering the cost of raising capital for Kiwi businesses and improving returns for investors, with a focus on modernizing rules to keep pace with innovation and maintain investor protections. This phase follows last year’s reforms that reduced compliance costs and barriers to listing on the NZX, and now targets eight specific areas including product disclosure, director liability, crowdfunding limits, and broker activity. The consultation, open for six weeks, invites input from businesses, investors, and financial advisers to help create dynamic, competitive markets that support economic growth.
30 Jun 2026
3 months ago
871 views
The New Zealand Government is making it mandatory for new corded blinds to meet internationally recognised safety standards to protect young children from cord entanglement hazards. This move follows multiple child fatalities and coroner recommendations, aiming to reduce risks through shorter cords, warning labels, and safety devices, while minimizing costs for compliant businesses. Parents are also urged to raise awareness and take precautions with existing blinds to ensure home safety.
18 Jun 2026
4 months ago
834 views
The 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.
10 Jun 2026
4 months ago
974 views
The Anti-Scam Alliance in New Zealand has launched new initiatives, including expanding the banking sector's "Confirmation of Payee" system and introducing the New Zealand Online Scams Code, to better protect people and businesses from scammers. This collaborative effort involves telcos, digital platforms, banks, government, and consumer groups working together to block scam content and prevent fraud, building on successful pilot programs that saved millions in losses. These measures complement legal changes and aim to create a safer online environment, giving New Zealanders greater confidence to engage in digital transactions without fear.
04 May 2026
5 months ago
1068 views
Commerce and Consumer Affairs Minister Cameron Brewer has accepted the resignation of Financial Markets Authority (FMA) Chair Craig Stobo following an independent review that found no evidence of inappropriate relationships but noted lapses in political neutrality and delayed governance disclosures. The review emphasized the importance of maintaining confidence in the FMA’s independence and integrity as it continues its regulatory role in New Zealand’s financial markets. Steven Bardy will serve as Acting Chair while a permanent replacement is sought, with the government reaffirming its commitment to a strong and independent financial markets regulator.
26 Mar 2026
7 months ago
1415 views
New Zealand is reforming its Commerce Commission to improve competition regulation by separating governance and regulatory functions, following an independent review that found the current structure ineffective. The new governance model, effective from July 2027, introduces an oversight board with external directors and a panel of expert commissioners to enhance decision-making and market competitiveness. Current leadership will provide continuity during the transition, with the Commerce (Commerce Commission Reform) Amendment Bill now under consideration by the Finance and Expenditure Committee.
26 Mar 2026
7 months ago
1194 views
New Zealand is reforming its Commerce Commission to enhance competition, innovation, and market fairness by separating governance and regulatory functions, following an independent review that found the current structure inadequate. The new model, effective from July 2027, introduces an oversight board with external directors, a panel of expert commissioners, and delegated regulatory decision-making to improve strategic focus and operational effectiveness. Leadership continuity will be maintained with Dr. John Small as chief commissioner and board chair until 2030, ensuring stability during the transition.
09 Feb 2026
8 months ago
1358 views
Standards New Zealand and Standards Australia have signed a new agreement to align trans-Tasman standards, enhancing product quality, safety, and reducing costs for businesses and consumers. The agreement supports innovation and economic growth by adopting international standards in areas like AI, data management, and cybersecurity, while removing fees and red tape to boost competitiveness and digital trade. This collaboration, endorsed by both governments and industry stakeholders, strengthens New Zealand’s role in joint standards development and fosters a modern, efficient regulatory environment.
28 Nov 2025
11 months ago
1103 views
New Zealand and Australia have committed $10 million over five years to support PACER Plus, aiming to enhance export capabilities, diversify trade, attract investment, and boost labor mobility in Pacific countries. This new investment, announced five years after the agreement took effect, underscores ongoing commitment to regional trade growth, economic integration, and prosperity. The PACER Plus Development and Economic Cooperation Work Programme facilitates implementation, harmonizes trade infrastructure, and maximizes business opportunities across member nations.
26 Nov 2025
11 months ago
1175 views
The New Zealand Government is advancing reforms to improve infrastructure funding and financing to support housing and urban growth, focusing on land supply, infrastructure, and growth incentives through its Going for Housing Growth programme. Key initiatives include introducing the Infrastructure Funding and Financing (IFF) Amendment Bill, replacing development contributions with a new development levies system, and proposing the Commerce Commission as the regulator for development levies to ensure fairness and transparency. Public consultation on these reforms runs until February 2026, aiming to create a flexible, consistent system that enables faster housing development and better infrastructure delivery.