25 Jun 2026
4 months ago
861 views
The New Zealand Government, led by Tourism and Hospitality Minister Louise Upston, has released a Tourism Policy Statement to guide collaboration between central and local governments and industry in growing tourism and boosting regional economies. The policy aims to double the value of tourism exports by 2034 through strategic investments, infrastructure, marketing, and initiatives like the Regional Tourism Boost, which supports campaigns to attract international visitors beyond main centers and peak seasons. With $5 million allocated for round three of the Regional Tourism Boost, targeting key markets such as Australia, China, and North America, recent data shows tourism is recovering strongly, with international visitor numbers reaching 94% of pre-pandemic levels.
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.
28 May 2026
4 months ago
976 views
Budget 2026 introduces a new prudential levy on banks, non-bank deposit takers, insurers, and financial market participants to cover Reserve Bank regulatory costs, aligning with international practices and ensuring taxpayers do not bear these expenses. The levy, expected to raise around $209 million over four years, will be paid to the Reserve Bank and returned to the government via increased dividends, with implementation planned for mid-2027 after consultation. This measure aims to strengthen New Zealand’s financial system by funding supervision, licensing, monitoring, and crisis management of regulated entities, including 27 banks, 14 non-bank deposit takers, 81 insurers, and five financial market infrastructures.
28 May 2026
4 months ago
970 views
Budget 2026 introduces a new prudential levy on banks, non-bank deposit takers, insurers, and financial market participants to fund the Reserve Bank’s regulatory and supervisory services, ensuring these costs are borne by the industry rather than taxpayers. The levy, estimated to raise around $209 million over four years, aligns with international practices and will be implemented by mid-2027 after sector consultation. It targets a broad range of financial entities, including 27 banks, 14 non-bank deposit takers, 81 insurers, and five financial market infrastructures, supporting the Reserve Bank’s role in maintaining financial stability.
26 May 2026
5 months ago
963 views
New Zealand's Electricity Authority will implement new rules from July 1 to prevent the country's four largest gentailers—Contact, Genesis, Mercury, and Meridian—from favoring their own retail arms over smaller competitors in managing wholesale electricity price risk. These rules aim to create a level playing field by requiring equal treatment in hedge contracts, regular compliance reporting, and reflecting actual electricity costs in retail prices, with increased penalties for serious breaches starting in 2027. This initiative complements broader government efforts to enhance energy security, affordability, and competition through infrastructure fast-tracking, funding support, procurement of LNG facilities, and promoting renewable energy adoption.
15 May 2026
5 months ago
1011 views
Climate Change Minister Simon Watts has introduced refreshed guidance and tools to help New Zealanders confidently participate in voluntary nature and carbon markets, ensuring projects deliver genuine environmental benefits. The guidance emphasizes high-quality carbon activities that are additional, durable, real, measurable, transparent, and respectful of rights, aiming to build trust and prevent greenwashing. Additionally, online resources support businesses in exploring scientifically robust carbon removal options, facilitating the growth of credible projects and attracting investment.
12 May 2026
5 months ago
1000 views
Associate Justice Minister Nicole McKee has welcomed the passage of two major Anti–Money Laundering reform Bills that cut red tape, reduce compliance burdens, and improve risk-based requirements for businesses, with some changes effective immediately and others by July 1, 2026. The reforms establish a single AML supervisor to replace three existing ones, enhancing clarity, consistency, and responsiveness, while introducing an industry levy and enabling more flexible rule-making. These changes aim to make AML compliance more efficient, reduce unnecessary paperwork for low-risk entities, and strengthen New Zealand’s ability to detect and disrupt serious financial crime without hindering access to global markets.
11 May 2026
5 months ago
1100 views
Associate Minister Andrew Hoggard announced a government-backed assurance role to boost New Zealand's voluntary nature and carbon markets, providing confidence to investors and landowners through quality signals rather than guarantees. The initiative recognizes high-quality international schemes and introduces a domestic endorsement pathway assessed against internationally aligned principles, enabling private funding for environmental restoration projects. Additionally, the package opens public conservation land to privately funded projects that complement Crown efforts, with applications opening later this year following pilot partnerships with key market participants.
07 May 2026
5 months ago
979 views
Associate Minister Hon Andrew Hoggard visited Silver Fern Farms in Dunedin to learn how the company addresses growing export demand for credible nature and biodiversity outcomes. Silver Fern Farms collaborates with the Government to develop voluntary nature and carbon markets, using innovative tools like PRISM Earth to support on-farm decision-making and link biodiversity to export claims. The visit also highlighted the Nature Market Accelerator initiative, demonstrating effective public-private collaboration to promote nature-positive production in New Zealand’s food industry.
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.
24 Mar 2026
7 months ago
1157 views
The Government is introducing a new regulatory framework for residential property managers to improve accountability, consistency, and trust in the rental sector. This regime will establish a public register, set clear standards for financial management and conduct, and create a formal complaints and disciplinary process supported by dedicated authorities. The changes aim to protect client funds, ensure proper training and eligibility, and foster a stable housing market benefiting both landlords and tenants.
21 Feb 2026
8 months ago
1228 views
The US Supreme Court announcement may impact New Zealand exporters, but significant uncertainty about US tariff policy will likely persist. Despite a 15 percent tariff imposed by the US, New Zealand exports have remained strong, with cost increases often passed on to consumers. New Zealand views the tariff as unjustified given the low average US tariff on their goods and will continue diplomatic efforts to clarify the situation for exporters.
07 Feb 2026
8 months ago
1301 views
Since the pet bond system began on 1 December 2025, over 1,700 pet bonds have been lodged, reflecting positive uptake among renters with pets. The system aims to balance renters' ability to keep pets with landlords' need for protection by allowing pet bonds up to two weeks’ rent and requiring landlord consent on reasonable grounds. Managed through Tenancy Services, the reform provides a clear, practical process that supports both tenants and landlords in the rental market.
11 Jan 2026
9 months ago
1603 views
The New Zealand Government is launching Open Electricity to help households and small businesses easily compare and choose the best power plans, enhancing competition and transparency in the electricity market. This initiative, following Open Banking regulations, will provide secure access to individual electricity consumption data, enabling consumers to optimize energy use, save money, and make informed decisions about energy-related investments. Changes will begin in September 2024 and be completed by mid-2027, benefiting around two million households and 165,000 small businesses with improved choice, innovation, and cost savings.
10 Dec 2025
10 months ago
1075 views
The Fast-track Approvals Amendment Bill has been passed to streamline and expedite the approval process for important projects, particularly benefiting supermarket competition and regional development. The amendments aim to reduce consent processing times by over six weeks, making it easier for new supermarkets to open and boosting economic growth. Ministers emphasize that these changes will promote affordability, regional prosperity, and faster project delivery by addressing previous inefficiencies and red tape.