Articles tagged with New Zealand

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NZ Removes Royalties on Cushion Gas to Boost Underground Gas Storage and Energy Security

The New Zealand Government will end the requirement for developers to pay royalties on "cushion gas," which is operational gas needed to maintain pressure in underground gas storage but unlikely to be extracted or sold. This change aims to remove regulatory barriers, encouraging investment in underground gas storage to improve the flexibility, resilience, and long-term energy security of the country’s energy system. An independent expert will determine the portion of gas qualifying as cushion gas, while future regulatory reviews will assess the effectiveness of this measure in supporting energy security.

New Zealand Narrows Socio-Economic Achievement Gap with Strong Student Gains

New Zealand’s latest OECD PISA results reveal a significant narrowing of the socio-economic achievement gap, driven by substantial gains among students from the most disadvantaged backgrounds, particularly in science, maths, and reading. Education Minister Erica Stanford attributes this improvement to factors like better attendance rates and government reforms focused on literacy, maths, a knowledge-rich curriculum, and early intervention for struggling students. Despite progress, overall results remain below levels from 15 years ago, but the government is committed to ensuring every child receives an excellent education regardless of their background.

New Zealand PISA 2025 Results Show Stable Performance with Gains in Digital Skills

The 2025 PISA results show New Zealand students’ achievement stabilizing after previous declines, with rankings above the OECD average in reading, science, and mathematics, and notable strengths in computational problem-solving. Positive trends include a narrowed achievement gap, increased student effort, and greater appreciation of school relevance, though participation rates were low, potentially skewing results. Education Minister Erica Stanford emphasizes the importance of international assessments and data-driven improvements, supported by new legislation mandating school participation to better inform education policy.

Active Investor Plus Growth Visa to Include Build to Rent Investments in NZ

From December 2026, investor migrants in New Zealand’s Active Investor Plus Growth category can invest in approved managed funds supporting Build to Rent developments, with a minimum investment of NZD $5 million. This initiative aims to attract experienced investors to boost business growth, innovation, and the supply of long-term rental housing, while ensuring managed funds provide safeguards for investment and development. Direct investment in Build to Rent is not permitted, and investors and their families cannot live in these funded developments.

Wills Month: How Kiwis Can Leave a Charitable Legacy for Future Generations

Wills Month encourages New Zealanders to consider leaving charitable bequests as part of the largest intergenerational wealth transfer in the country’s history, estimated at $1.6 trillion by 2050. Research shows many Kiwis value generosity but few receive professional advice on charitable giving, highlighting an opportunity for collaboration between financial advisors and the charitable sector. Minister Louise Upston urges individuals to discuss charitable bequests with advisors to create lasting community legacies and emphasizes New Zealand’s strong tradition of giving, with charities receiving $5.16 billion in 2024/2025.

New Zealand Extends NZDF Deployment Supporting Ukraine’s Defence Until 2028

The New Zealand Government has extended the deployment of up to 70 NZDF personnel to support Ukraine’s self-defence, primarily training Ukrainian forces in Poland and providing intelligence, liaison, and logistics support as part of Operation Tīeke. This initiative focuses on specialist training in areas like electronic warfare and drone operations, reflecting New Zealand’s commitment to aiding Ukraine amid Russia’s aggression. The operation, emphasizing the broader security implications for Europe and the Indo-Pacific, will continue until 30 June 2028 alongside diplomatic, humanitarian, and economic support efforts.

New Zealand Enhances Mental Health Telehealth Services with Expanded Support and Faster Access

An independent review of mental health and addiction telehealth services revealed that while core safety systems are in place, many people face long wait times and inconsistent follow-up after referrals. In response, the government is expanding peer support hours, piloting proactive follow-up calls, establishing a dedicated 24/7 national suicide prevention crisis line, and considering a telehealth target to improve wait times. Recent investments of over $10 million aim to enhance service capacity and ensure timely, accessible support for those in need.

New Zealand and Japan Strengthen Disaster Resilience Through New Cooperation Agreement

New Zealand and Japan have signed a Memorandum of Cooperation to enhance disaster risk reduction, preparedness, and resilience by sharing expertise and best practices, reflecting their shared commitment to support communities affected by disasters. Both countries face similar natural hazards and have a history of partnership, with Japan recognized for its advanced disaster management systems, providing a valuable opportunity for mutual learning. This agreement strengthens regional collaboration in the Asia-Pacific and aligns with New Zealand's National Emergency Management Agency's broader international efforts alongside other countries.

Auckland to Host 2028 PSA Squash World Championships with $1M Boost

The 2028 PSA Squash World Championships will be held in Auckland, supported by a $1 million investment from New Zealand's Major Events Fund, showcasing top international players at the New Zealand International Convention Centre. This prestigious event, occurring just before squash's Olympic debut at Los Angeles 2028, aims to boost the sport's profile, inspire local athletes, and enhance New Zealand's reputation as a host for major international sporting events. The championships are expected to attract visitors, stimulate economic activity, and create a lasting legacy for squash in New Zealand.

$740M NZ State Highway Renewal Boosts Safer, Smoother Roads This Summer

Transport Minister Chris Bishop announced a $740 million state highway renewal programme for the upcoming summer, funded by the National Land Transport Fund, aiming to improve road safety, reliability, and longevity across New Zealand. This investment is part of a record $2.15 billion allocation for state highway maintenance and renewals from 2024 to 2027, emphasizing the government's priority on maintaining existing infrastructure to deliver better value and reduce costly reconstructions. The programme includes extensive resurfacing, pavement rehabilitation, and safety upgrades, with recognition of the essential work by roadworkers despite potential short-term disruptions.

Government Invests $5M to Boost Regional Tourism and Attract Global Visitors to NZ

The New Zealand Government is investing $5 million to support six regional tourism initiatives aimed at attracting international visitors during the quieter months of spring 2026 and early summer 2027. These campaigns target tourists from Australia, North America, and China, promoting regional food, wine, hospitality, and outdoor experiences to encourage longer stays and travel beyond main gateways. The funding is allocated to specific projects led by regional organizations to boost local economies and spread tourism benefits across the country.

New Zealand Advances Digital and OTC Medicine Labelling to Boost Exports

Regulation Minister David Seymour announced the completion of the Ministry for Regulation’s Product Labelling Review, aiming to ease export and import challenges by updating digital labelling standards and aligning over-the-counter (OTC) medicine labels with Australia. The government will develop a national digital labelling standard to reduce costs and support export growth, while changes to OTC medicine labelling will increase product availability and attract international companies. These reforms are expected to generate significant economic benefits by cutting red tape, lowering compliance costs, and unlocking New Zealand’s economic potential.

Fast-Track Approval Boosts Port of Tauranga Expansion with Stella Passage Development

The Stella Passage Development at the Port of Tauranga has received fast-track approval, enabling significant expansion including wharf extensions, new container cranes, and dredging to accommodate larger vessels and nearly double handling capacity. This approval, granted in about five months through the Fast-track process, addresses longstanding constraints caused by limited capacity and aging infrastructure, enhancing New Zealand’s largest port’s efficiency and supporting regional economic growth. The project is the 34th approved under Fast-track, a system designed to expedite infrastructure developments that deliver economic value and keep New Zealand competitive globally.

New Zealand Aviation Action Plan Achieves Major Milestones in First Year

Significant progress has been made on New Zealand's Aviation Action Plan, with over half of its 25 priorities completed within a year, including funding for RNZAF Base Ohakea as an alternative airport and support for regional airlines. Key achievements also involve updating pilot training, addressing workforce challenges, modernizing civil aviation rules, and assessing future infrastructure needs. The government favors a voluntary passenger rights charter over regulation to allow flexible improvements, emphasizing ongoing collaboration between the Aviation Council, industry, and government to strengthen the aviation sector.

New Zealand Invests $23.5M in Todd Energy Projects to Secure Gas Supply

New Zealand is advancing its energy security by investing up to $23.5 million from the Gas Security Fund in two Todd Energy projects aimed at unlocking nearly 20 petajoules of additional gas reserves over five to nine years. These projects, expected to deliver gas by 2027, will provide around 6% of the country's projected gas production, supporting energy reliability during peak demand and complementing the transition to renewable energy. The fund, designed to accelerate gas supply and ensure electricity generation reliability, has attracted strong interest and involves significant co-investment from Todd Energy to share risks and promote economic growth.