Articles tagged with Minister

Showing 15 of 996 articles

Government Cancels Cook Strait Emergency Ocean Response Vessel Procurement Due to High Costs

The Government has decided against procuring dedicated emergency ocean response capabilities (EORC) for the Cook Strait due to significant cost escalations—from $80 million to over $259 million over 10 years—and limited benefits, as existing vessels have resolved past incidents effectively. New Cook Strait ferries with enhanced safety features will reduce the need for external assistance, and the temporary contract for the MMA Vision tugboat will end in February 2026, saving $9 million. Overall, the Government concludes that the investment in dedicated towing capabilities is not cost-effective and cannot justify passing costs onto taxpayers or users through levies.

Ōpōtiki Harbour Complete: Boosting Bay of Plenty Aquaculture and Jobs Growth

The completion of the new Ōpōtiki Harbour, featuring two 350m harbour walls and dredged channels, has created safe access for marine activities and unlocked opportunities for aquaculture and regional economic growth. The project, funded by government and regional councils with significant local collaboration, generated around 200 construction jobs and supports the expanding mussel industry, which employs over 200 full-time staff. This major infrastructure investment aims to boost local incomes and contribute to the government's goal of increasing aquaculture sector sales from $750 million to $3 billion by 2035.

Government Introduces New Building Consent Reforms to Protect Owners and Boost Productivity

The Government is reforming the building consent system by replacing joint and several liability with proportionate liability, ensuring each party is only responsible for their own work to speed up consents and protect ratepayers. New safeguards include mandatory professional indemnity insurance for designers, compulsory home warranties for most new residential builds and significant renovations, and strengthened disciplinary penalties for Licensed Building Practitioners. These measures aim to enhance accountability, protect building owners, and make the building process faster, easier, and more affordable, with legislative changes expected by 2026.

$50M Social Investment Fund Supports 1,600+ Children of Incarcerated Parents

The Social Investment Fund has allocated $50 million in its first round to seven projects supporting over 1,600 children affected by parental incarceration, care system experience, or early school suspension. These initiatives, selected for their measurable impact, aim to improve health, safety, housing stability, skills, income, and family support, with ongoing monitoring of outcomes. The government has committed $190 million for the fund in Budget 2025, with another funding round planned for early next year.

Dunedin Hospital Project Hits Milestone with Pile Capping Completion

The New Dunedin Hospital project has completed pile capping for the inpatient building, marking a major construction milestone and enabling progress to substructure work. Construction is advancing with the formation of basement and ground-floor slabs, preparation for steel framework installation, and coordination of mechanical, electrical, and plumbing systems. The project supports local employment and businesses, with over 900 jobs expected at peak construction and significant economic benefits for the Otago and Southland region.

New Zealand Simplifies AML Rules to Ease Financial Transactions and Cut Red Tape

New Zealand's Parliament has passed the first of several Anti-Money Laundering (AML) regulatory reforms aimed at simplifying financial transactions by reducing red tape. The Statutes Amendment Bill introduces key changes, including eliminating the need to verify a customer's address for standard due diligence, easing processes like opening basic bank accounts. Associate Justice Minister Nicole McKee emphasizes that these reforms will create a more risk-based, efficient AML system that reduces unnecessary paperwork while better targeting real crime.

New Zealand Cuts Clean Vehicle Standard Charges to Lower Car Costs in 2026

The Government has passed legislation to temporarily reduce charges under the Clean Vehicle Standard by nearly 80% starting January 2026, aiming to prevent an estimated $264 million in extra costs being passed to consumers. The Standard, which sets progressively tighter CO₂ emission targets for vehicle imports, currently causes most importers to incur charges, risking higher vehicle prices. The changes include protecting credits until 2028 and launching a full review by June 2026 to ensure the Standard remains effective and sustainable for New Zealand.

New Zealand Government Strengthens Child Welfare on World’s Children Day 2024

The New Zealand Government, on World’s Children Day, reaffirmed its commitment to improving the lives of young Kiwis through its Child and Youth Strategy, focusing on supporting early childhood, reducing child material hardship, and preventing harm. Key initiatives include tax relief for families, affordable early childhood care, targeted funding for parenting programs, and prioritizing children with complex needs through the Social Investment Fund. Additionally, the government has accepted all recommendations from the Dame Karen Poutasi Review, enhanced child protection systems, increased financial support for families, and invested in social housing and community food programs to address child poverty and safety.

NZ Banks Gain Freedom to Share Fraud Data, Cutting Red Tape and Boosting Security

Associate Justice Minister Nicole McKee has introduced a ministerial exemption to the AML/CFT Act 2009, allowing banks to share anti-money laundering information to better prevent fraud and scams. This reduction in red tape enables banks to act faster and collaborate more effectively to freeze scam transfers before funds are lost overseas. The government aims to create more agile regulatory settings by freeing businesses from excessive compliance burdens while targeting actual financial criminals through wider AML/CFT reforms.

New Zealand Makes Stalking a Criminal Offence with Up to 5 Years Prison

New Zealand has passed legislation making stalking a criminal offence punishable by up to five years in prison, addressing long-overdue protections against persistent and harmful intrusions. The new law defines stalking as a pattern of behavior likely to cause fear or distress, including acts such as following, unwanted communication, and damaging reputations, with the offence coming into force in May 2026. This legislation prioritizes victim needs, particularly protecting women and children, and includes a police notice system and relevant defenses to effectively combat stalking and harassment.

New Zealand Introduces Stalking Offence with Up to 5 Years Imprisonment

Parliament has passed new legislation making stalking a criminal offence punishable by up to five years in prison, addressing persistent and harmful behaviours that cause emotional, psychological, and economic harm to victims. The law defines stalking as a pattern of behaviour likely to cause fear or distress, including acts like following, unwanted communication, and damaging reputations, with enforcement beginning in May 2026 after necessary training and public information are prepared. Justice Minister Paul Goldsmith emphasized the importance of prioritizing victims, particularly women and children, and acknowledged the advocacy efforts that helped bring the legislation to fruition.

Government Saves $2.3 Billion with New Interislander Ferries and Infrastructure

The Government has secured two new Interislander ferries from Guangzhou Shipyard International under a $596 million fixed-price contract, with the total program costing less than $2 billion and saving taxpayers $2.3 billion by cutting expensive consultancy and excessive infrastructure. Funding for the infrastructure will be recovered through port fees and Interislander is expected to build reserves for future ferry replacements, operating like a normal business. The project is managed by Ferry Holdings with support from CentrePort, Port Marlborough, and KiwiRail, emphasizing fiscal discipline and minimizing disruption, while also strengthening economic ties with China.

New Zealand Passes Defence Bill to Protect Security During Industrial Action

The Defence (Workforce) Amendment Bill, passed to maintain national security during industrial action, allows the Chief of Defence Force greater flexibility to manage workforce redeployment without requiring parliamentary debate. It enables uniformed personnel to temporarily perform the duties of civilian staff during strikes, ensuring critical defence functions continue while preserving the right to industrial action. The Bill also streamlines authorisation processes and extends ministerial powers to backfill public servant roles, enhancing New Zealand’s defence readiness amid a challenging strategic environment.

FIT Partnership Launches Initiative to Strengthen Global Supply Chain Resilience

Trade and Investment Minister Todd McClay joined the Future of Investment and Trade (FIT) Partnership to launch an initiative aimed at enhancing supply chain resilience through a Ministerial Declaration. The FIT Partnership, established in September 2025, serves as a platform for small and medium-sized economies to promote open, fair, and rules-based trade while welcoming new members Malaysia and Paraguay. This effort aims to provide greater certainty and reduced costs for exporters, boosting economic confidence amid global disruptions.

NZ-UAE Bilateral Investment Treaty Boosts Economic Cooperation and Trade

The NZ-UAE Bilateral Investment Treaty has come into force, enhancing economic cooperation by providing clear investment rules and complementing the existing Comprehensive Economic Partnership Agreement. Both countries view these agreements as crucial for increasing two-way investment, strengthening private sector engagement, and supporting New Zealand's economic growth. Additionally, the establishment of the New Zealand-UAE Business Council aims to further boost trade, investment, and collaboration between the two nations.