29 Aug 2025
1 year ago
1123 views
Finance Minister Nicola Willis thanked departing Reserve Bank Chair Neil Quigley for his long service, acknowledging his contributions over 15 years as a board member and nine as Chair. Quigley resigned immediately, citing the completion of key tasks and the timing being right for a transition to a new Chair. Deputy Chair Rodger Finlay will temporarily assume the Chair's duties until a permanent appointment is made, and the vacancy on the board left by Quigley will be filled in the future.
28 Aug 2025
1 year ago
1373 views
Kiwis are encouraged to provide input on proposed regulatory changes in the telecommunications sector, as their feedback is crucial to the review process, according to Ministers David Seymour and Paul Goldsmith. The review focuses on key regulatory issues such as the Telecommunications Development Levy (TDL), shareholder caps, and service quality regulations. Proposed draft changes include implementing a consumer code, updating infrastructure obligations, eliminating outdated rules, and enhancing investor appeal for telecom companies to boost growth in the sector.
28 Aug 2025
1 year ago
1513 views
The Government and poultry industry have reached a significant agreement to jointly prepare for and respond to exotic poultry diseases, including high pathogenicity avian influenza (HPAI). The agreement involves cost-sharing arrangements, with industry contributing to readiness and response costs, and industry bodies being recognized as decision-makers alongside the Government. The focus is on ensuring a unified response to diseases like H5N1 to protect the industry, domestic food supply, and international trade, with the agreement set to take effect on 1 September 2025.
28 Aug 2025
1 year ago
1204 views
Associate Justice Minister Nicole McKee announced proposed changes to the Sale and Supply of Alcohol Act 2012, aiming to restore fairness and practicality without compromising public safety. The reforms focus on fairer licensing processes, modernized rules for national events, and stronger safeguards to prevent alcohol-related harm. The changes also include requirements for licensed premises to offer a wider range of non-alcoholic alternatives and updates to regulations to support rapid delivery services and age verification for alcohol purchases.
27 Aug 2025
1 year ago
1552 views
New Zealand's gender pay gap decreased from 8.2% to 5.2% in the June 2025 quarter, the lowest since data collection began in 1998, as reported by Stats NZ. Minister for Women, Nicola Grigg, hailed the improvement as positive news for women in the country. The government is dedicated to economic growth, with efforts to reduce pay gaps, increase wages, and create more job opportunities, though challenges persist in addressing ethnic pay gaps.
27 Aug 2025
1 year ago
1619 views
The Government plans urgent legislative and policy changes to remove barriers for competitor supermarkets in New Zealand, aiming to boost competition and offer better deals for consumers. These changes include fast-track approvals for new supermarkets, streamlining building consent processes, and amending regulations to combat predatory pricing. The initiative aims to encourage new domestic competitors and potential international retailers like Costco to expand in New Zealand, with further considerations on potentially restructuring major supermarket players Foodstuffs and Woolworths to enhance market competition.
26 Aug 2025
1 year ago
1659 views
The Social Investment Fund, recently launched by Social Investment Minister Nicola Willis, targets children facing challenging family or schooling situations, such as those with incarcerated parents or who have been suspended from school early. Data-driven evidence supports the approach of intervening early to improve outcomes for these vulnerable groups, benefitting both individuals and society as a whole. With a budget of $190 million over four years, the Fund aims to invest in effective solutions, empower community organizations, and measure the impact of interventions transparently.
26 Aug 2025
1 year ago
1502 views
The Social Investment Fund, recently launched by Social Investment Minister Nicola Willis, targets children facing challenging family or school situations, such as those with incarcerated parents or who have been suspended from school before age 13. By investing in these priority groups, the fund aims to improve outcomes for individuals and communities, based on data showing early intervention can lead to better long-term results and cost savings for the government. With a budget of $190 million over four years, the Fund emphasizes evidence-based approaches and transparent impact measurement, empowering organizations to make targeted investments that work.
26 Aug 2025
1 year ago
1588 views
The Social Investment Fund, recently launched by Social Investment Minister Nicola Willis, targets children facing challenging family or educational circumstances, including those with parents in jail or who have been in the care system. Data-driven evidence supports early intervention for these children to improve outcomes and reduce long-term government costs. The Fund, with a budget of $190 million over four years, aims to invest in effective strategies, empower community organizations, and measure the impact of interventions transparently.
25 Aug 2025
1 year ago
1566 views
Finance Minister Nicola Willis supports the Reserve Bank's consultation on reviewing capital settings for banks and deposit takers to address concerns about impacts on competition, lending costs, and economic growth. The Minister's Financial Policy Remit emphasized the need to balance financial stability with competition, prompting the Bank to consider changes like aligning capital requirements with risk and adjusting overall capital ratio requirements to lower lending rates. The proposed changes aim to benefit smaller players in the market, reduce barriers for new entrants, and create a more competitive environment in the New Zealand banking sector.
22 Aug 2025
1 year ago
1454 views
Finance Minister Nicola Willis has welcomed the release of the Finance and Expenditure Committee (FEC) Inquiry into banking competition, focusing on business, rural banking, and lending to Māori entities. The inquiry supports the Government's efforts to enhance competition in the banking sector for better services for Kiwis. The report, based on submissions from 148 stakeholders and public hearings, will be reviewed by the Government for proposed action items by November 2025.
22 Aug 2025
1 year ago
1703 views
New Zealand's emergency services are implementing the Device Location Information (DLI) service to quickly locate individuals at risk without them having to call 111, enhancing response times in critical situations. The DLI technology allows emergency services to track mobile phones in emergencies, aiding search and rescue operations and assisting in health emergencies by locating individuals who may have fallen unconscious during a call. This new system streamlines the process by eliminating the need for manual requests to mobile network operators, ensuring quicker and more efficient emergency responses while maintaining privacy and transparency through rigorous authorization processes.
21 Aug 2025
1 year ago
1586 views
The Government, led by Associate Justice and Courts Minister Nicole McKee, plans to expand the jurisdiction of Community Magistrates in the District Court to enhance efficiency and reduce delays. This expansion will enable Community Magistrates to handle guilty pleas for most offenses, manage a broader range of cases, and issue community-based sentences. The initiative aims to streamline court processes, alleviate pressure on judges, and provide faster justice outcomes for victims, with budget support for additional Community Magistrates and training oversight.
20 Aug 2025
1 year ago
1697 views
Mental Health Minister Matt Doocey welcomes the New Zealand Psychologists Board's approval of the Psychology Assistant role to enhance access to mental health and addiction support. The initiative aims to address workforce shortages by providing a career path for psychology graduates unable to enter clinical psychology programs. Psychology Assistants will work under supervision to expand support services, reduce vacancies, and improve mental health outcomes for New Zealanders.
20 Aug 2025
1 year ago
1462 views
Finance Minister Nicola Willis highlights the benefits of falling interest rates, including support for growth, businesses, job creation, and mortgage holders. The Reserve Bank has reduced the Official Cash Rate (OCR) from 3.25 to 3 percent, with further decreases expected. Lower interest rates stimulate economic activity, reduce mortgage repayments, and are seen as a positive response to economic challenges, signaling improving conditions and effective economic management by the government.