27 Nov 2025
11 months ago
1177 views
Rodger Finlay has been appointed Chair of the Reserve Bank, continuing his leadership since August 2023, while Rhiannon McKinnon joins the Bank’s Board for a five-year term. These appointments are part of a broader refresh of the Reserve Bank, which includes new leadership, committees, and a focus on increased accountability, transparency, and banking competition. Both appointees bring extensive experience in governance and financial management, supporting the Bank's statutory responsibilities and government expectations.
26 Nov 2025
11 months ago
1403 views
The Reserve Bank has lowered the Official Cash Rate to 2.25%, marking the ninth reduction since July 2024, which is boosting economic activity and supporting forecasts of falling inflation and rising growth. This easing of rates is benefiting households by increasing mortgage renewal opportunities and enabling more Kiwis to purchase their first homes, with 23,600 first-time buyers in the past year. Finance Minister Nicola Willis highlights that these positive economic trends offer hope and improved financial choices for New Zealand families and businesses.
26 Nov 2025
11 months ago
1206 views
The Christchurch City Council has been appointed as a one-stop consenting authority to streamline approvals for large-scale supermarket developments, reducing the need to navigate multiple councils and processes. This initiative aims to increase competition in a market dominated by Foodstuffs and Woolworths, encouraging new grocery businesses to enter and lower prices for consumers. The service focuses on standalone supermarket buildings over 500m² for non-regulated grocery retailers and complements faster consent processes like MultiProof to enable quicker supermarket construction.
24 Nov 2025
11 months ago
1104 views
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.
20 Nov 2025
11 months ago
1076 views
The New Zealand Government is proposing a trial of digital food labelling for lower-risk imported goods to reduce costly re-labelling requirements for new supermarkets entering the market. This initiative aims to provide allergen, ingredient, and nutrition information via QR codes and digital platforms while ensuring compliance with food safety regulations. Public consultation on the trial is open until December 19, 2025, with the goal of enhancing market entry flexibility and supporting trans-Tasman digital labelling efforts.
18 Nov 2025
11 months ago
1245 views
The Reserve Bank is easing Loan-to-Value Ratio (LVR) restrictions, allowing commercial banks to increase lending to home buyers with smaller deposits from 20% to 25%, benefiting mainly first-home buyers. Additionally, lending to property investors with deposits under 30% will rise from 5% to 10%, reflecting increased banking system resilience due to prior debt-to-income restrictions. Finance Minister Nicola Willis welcomes these changes, which take effect on December 1, as they improve opportunities for young families to enter the housing market.
17 Nov 2025
11 months ago
1175 views
The Government plans to significantly increase penalties for breaches of the Fair Trading Act, raising maximum fines to the greater of $5 million, three times the commercial gain, or the transaction value, to better deter misleading advertising and unfair business practices. The reforms will shift most breaches from criminal to civil liability, allowing the Commerce Commission to act on a lower standard of proof, while serious offenses remain criminal, aiming to create a fairer marketplace and protect consumers. These changes follow rising complaints and aim to align New Zealand’s laws with international standards, with legislation expected to pass next year after public consultation.
13 Nov 2025
11 months ago
1141 views
The FamilyBoost scheme has expanded, with over 11,500 households now receiving at least $150 a fortnight in payments. Families can claim larger rebates on early childhood education fees, leading to over 78,000 households benefiting from the program. The average payment for the September quarter is nearly $100 per fortnight, encouraging eligible households to apply through the IRD website.
13 Nov 2025
11 months ago
1139 views
The Government has accepted or partially accepted all recommendations from the Finance and Expenditure Committee's inquiry into banking competition, focusing on business, rural banking, and lending to Māori entities. The findings highlighted concerns about high banking profitability, market concentration, barriers to entry, and regulatory settings, aligning with the Commerce Commission's report. Actions include allowing Kiwibank's parent company to raise capital, emphasizing banking competition in policies, encouraging standardization of financial information, disclosing account profitability, expanding regulatory sandbox trials, developing a licensing model for innovation, and coordinating monitoring through the Treasury.
12 Nov 2025
11 months ago
1258 views
US supermarket giant Costco is planning to open a second store in South Auckland, welcomed by Economic Growth Minister Nicola Willis. The Government is facilitating quick approvals for new supermarkets through legislation and working closely with Costco for efficient consenting processes. Kiwi Property has agreed to sell land for the new Costco store, expected to boost the economy, create jobs, and enhance competition for shoppers.
07 Nov 2025
11 months ago
1285 views
The Government of New Zealand is updating the International Screen Production Rebate to enhance the country's competitiveness in the global film and television industry, responding to industry feedback and increasing incentives to attract screen investment. Changes include lowering the minimum qualifying spend for feature films, reducing thresholds for incentives, expanding eligibility for post-production projects, and removing caps on certain costs. These updates aim to diversify the screen economy, strengthen partnerships in growing markets, and support the local industry while attracting new investment and technology.
05 Nov 2025
11 months ago
1164 views
Labour market statistics released today show a slight increase in unemployment to 5.3% in the September quarter, aligning with forecasts. The Finance Minister emphasizes the government's commitment to rebuilding the economy and creating more job opportunities for New Zealanders. Efforts include reducing taxes, boosting investments, and supporting businesses to drive economic recovery and job growth.
04 Nov 2025
11 months ago
1292 views
The Government and industry have invested $1.2 million through AgriZeroNZ to develop a wearable device for cows that can significantly reduce nitrous oxide emissions and nitrate leaching on farms. This investment is part of AgriZeroNZ's efforts to accelerate the development of emissions reduction tools for farmers, aligning with the Government's goal of doubling export value in 10 years. The project by Canterbury start-up Āmua is just one of several innovative ventures supported by AgriZeroNZ, aiming to drive productivity, high-value jobs, and a future-ready economy through science, technology, and innovation.
03 Nov 2025
11 months ago
1121 views
The Government has introduced the Fast-track Approvals Amendment Bill to create a fast-track consent option for new supermarkets, aiming to improve grocery competition and provide better prices and choices for consumers. The Bill streamlines the approval process by allowing new supermarket developments to bypass standard resource consent processes and be referred to a fast-track expert panel for quicker decisions. The amendments aim to enhance the efficiency of the Fast-track Approvals Act, with technical changes to cut project application processing times and reduce processing and consideration times by an estimated six weeks or more.
31 Oct 2025
11 months ago
1297 views
The Government is increasing and extending the Crown Liquidity Facility (CLF) for the New Zealand Local Government Funding Agency Limited (LGFA) to support local government borrowing. The CLF helps LGFA secure competitively priced financing for local authorities during exceptional circumstances. The facility, established in 2011 and never used, is being raised to $3 billion and extended to June 2037 to assist in financing critical infrastructure and public services.