Articles tagged with Business
$200M Gas Security Fund Opens Jan 12, 2026 to Boost NZ Natural Gas Supply
3 weeks ago | 155 viewsThe $200 million Gas Security Fund, opening on 12 January 2026, aims to increase natural gas availability in New Zealand by supporting projects that accelerate supply or enable storage for critical demand periods. Declining gas production is raising costs and hindering economic growth, making natural gas essential during the transition to renewable energy sources. A new gas advisory panel will provide expert guidance to ministers, ensuring informed decisions amid the complexities of gas exploration and market conditions.
Tags: Shane Jones Chris Bishop Gas Security Fund New Zealand natural gas Ministry of Business Innovation and Employment Kānoa Grow Regions gas exploration energy transitionStrong Q3 Economic Growth Boosts Confidence Ahead of Christmas, Says Finance Minister
3 weeks ago | 217 viewsFinance Minister Nicola Willis welcomed the strong 1.1% economic growth in the third quarter, driven by 14 of 16 sectors, signaling a positive turnaround after challenging years. Key job-rich sectors like manufacturing, construction, and business services showed significant growth, alongside increases in exports and investment, indicating promising future job prospects and higher incomes. With GDP per capita rising 0.9% and forecasts predicting accelerated growth and lower unemployment next year, the government’s strategy to strengthen the economy appears effective.
Tags: economy growth Nicola Willis Finance Minister Stats NZ Treasury Reserve Bank manufacturing sector construction business services GDP per capitaNew Zealand Minimum Wage to Rise 2% to $23.95 from April 2026
1 month ago | 679 viewsThe adult minimum wage in New Zealand will increase by 2% to $23.95 per hour from 1 April 2026, benefiting around 122,500 workers while balancing cost-of-living pressures and business costs. The government aims to moderate wage increases to address wage compression and support youth employment, with starting-out and training wages set at 80% of the adult rate. This change reflects the NZ First-National coalition’s commitment to responsible economic management, boosting incomes, and fostering job opportunities.
Tags: Brooke van Velden NZ First National coalition New Zealand minimum wage Workplace Relations and Safety youth unemployment wage compression Ministry of Business Innovation & Employment inflationNew Food Safety Rules Help Small-Scale Meat Processors Save Costs and Boost Local Food
1 month ago | 166 viewsNew rule changes reduce sampling and testing requirements for small-scale meat processors, lowering costs while maintaining high food safety standards. These adjustments, developed after consultation with micro operators, aim to ease barriers for small businesses and support local food supplies without compromising safety. The government is committed to balancing oversight with practicality to foster innovation and help primary industries succeed.
Tags: Andrew Hoggard Food Safety Minister micro abattoirs food safety rule changes sampling requirements small businesses primary industries complianceInvestNZ Launches Strategic Growth Areas and Investment Prospectuses for NZ
1 month ago | 148 viewsTrade and Investment Minister Todd McClay announced the launch of Invest New Zealand, an agency focused on attracting significant foreign investment to boost the economy by targeting projects from $20 million to $1 billion and advising on supportive policies. InvestNZ will prioritize six strategic growth areas, including renewable energy, technology, and advanced manufacturing, while acting as a bridge between local investors and high-value opportunities. Additionally, three investment prospectuses for Tourism, Wood Processing, and Innovative Food Production were introduced to showcase New Zealand's competitive sectors and attract global investors.
Tags: Todd McClay Invest New Zealand Foreign Direct Investment InvestNZ Active Investor Plus Auckland Business Chamber Tourism Wood Processing Innovative Food Production New Zealand economyWellington Disputes Tribunal Adopts Electronic Case Files for Faster Justice
1 month ago | 149 viewsThe Wellington District Court's Disputes Tribunal has transitioned to electronic case files to provide faster, more flexible justice, allowing referees and staff to securely access and manage cases remotely. Following successful implementations in Christchurch and upcoming plans for Auckland, this digital shift aims to reduce delays and improve the system nationwide. The move supports small businesses and consumers by enabling quicker dispute resolutions, helping them recover losses and maintain operations efficiently.
Tags: Wellington District Court Disputes Tribunal electronic case files Courts Minister Nicole McKee Christchurch District Court Auckland Metro Hub small businesses consumer disputes remote hearings faster justiceNew NZ Government Procurement Rules Boost Kiwi Businesses and Economic Benefits
1 month ago | 219 viewsNew government procurement rules, effective immediately, aim to boost Kiwi businesses by simplifying tender processes and introducing a minimum 10 percent economic benefit weighting in contract evaluations. The Ministry for Business, Innovation and Employment will monitor compliance and impact, ensuring agencies prioritize New Zealand economic benefits such as workforce participation and training. These changes apply to contracts over specified thresholds and comply with international trade obligations by allowing foreign companies to demonstrate economic benefits to New Zealand.
Tags: Nicola Willis government procurement New Zealand economic benefit Kiwi firms Ministry for Business Innovation and Employment government contracts workforce participation trade agreements tender processNew Zealand and US Launch $5M Antarctic Science Partnership on Climate Change
1 month ago | 217 viewsNew Zealand and the United States are expanding their long-standing Antarctic science collaboration through three joint research projects funded with up to $5 million over five years, focusing on climate and ecosystem change. These projects aim to advance understanding of Antarctic groundwater flows, ecosystem monitoring via combined UAV and satellite systems, and the causes and impacts of rapid sea ice decline in the Ross Sea. Supported by a new Memorandum of Cooperation and coordinated field research in 2026/27, this partnership enhances scientific innovation and environmental management in Antarctica while strengthening New Zealand’s global research standing.
Tags: Shane Reti New Zealand United States Antarctic science University of Otago University of Waikato National Science Foundation Antarctica New Zealand Ministry of Business Innovation and Employment Earth Sciences NZNew Zealand and US Launch $5M Antarctic Science Partnership to Tackle Climate Change
1 month ago | 206 viewsNew Zealand and the United States are expanding their long-standing Antarctic science collaboration through three new joint research projects funded with up to $5 million over five years, focusing on climate and ecosystem changes. These projects aim to map Antarctic groundwater flows, monitor ecosystem changes using advanced aerial and satellite technology, and investigate the rapid decline of sea ice in the Ross Sea, contributing to the global Antarctica InSync initiative. Supported by a recent Memorandum of Cooperation and upcoming field research in 2026/27, this partnership enhances environmental understanding and innovation while strengthening New Zealand’s role in international Antarctic science.
Tags: Shane Reti New Zealand United States Antarctic science National Science Foundation University of Otago University of Waikato Antarctica New Zealand Ministry of Business Innovation and Employment Catalyst FundNew Zealand Launches Te Haeata Certificate to Boost Business Events Workforce
1 month ago | 200 viewsThe New Zealand Government is investing in the New Zealand Certificate in Business Events (Level 4) “Te Haeata,” an industry-led qualification designed to build a skilled workforce for the business events sector. This practical, online training program aims to address workforce shortages, support career pathways, and enhance the global competitiveness of New Zealand’s tourism and hospitality industries. Launching in early 2026, Te Haeata will also be introduced in high schools to attract and retain talent, promoting sustainable growth in the sector.
Tags: New Zealand Certificate in Business Events Te Haeata Louise Upston business events sector tourism hospitality workforce development career pathways sustainable growthGovernment Introduces New Building Consent Reforms to Protect Owners and Boost Productivity
1 month ago | 188 viewsThe 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.
Tags: Chris Penk Licensed Building Practitioners Ministry of Business Innovation and Employment Building Amendment Bill New Zealand Government Building and Construction Minister Building Act Home warranty Professional indemnity insurance Building consent systemNew Zealand Business Investor Visa Now Open for Experienced Investors
1 month ago | 194 viewsNew Zealand has launched the Business Investor Visa to attract experienced investors who will actively contribute to established businesses, supporting economic growth and job creation. The visa offers two investment pathways: $1 million for a three-year work-to-residence option and $2 million for a 12-month fast-track to residence. This initiative aims to sustain local businesses, protect jobs, and bring fresh capital and expertise into the economy as part of broader efforts to boost investment and growth.
Tags: Business Investor Visa New Zealand Immigration Erica Stanford investment business growth Active Investor Plus visa economic growth overseas investorsGovernment Reforms Building Research Funding to Boost Innovation and Cut Costs in NZ
1 month ago | 206 viewsThe Government is reforming building research funding by repealing the outdated Building Research Levy Act 1969 and consolidating research funding into the existing building levy under the Building Act 2024 to improve transparency, efficiency, and innovation. The new system will centrally manage funds with sector input, ring-fence research funding for long-term projects, and make funding contestable to broaden access for universities and industry organizations, while reducing costs for consent applicants. These changes aim to enhance accountability, support a more resilient building sector, and contribute to making building easier, more affordable, and supportive of economic growth in New Zealand.
Tags: Chris Penk Building Research Levy Act Building Research Association of New Zealand BRANZ Ministry of Business Innovation and Employment MBIE Building Act 2024 Building Amendment Bill Building Consent Authorities New Zealand GovernmentNZ-UAE Bilateral Investment Treaty Boosts Economic Cooperation and Trade
1 month ago | 216 viewsThe 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 key to increasing two-way investment and strengthening private sector engagement, supported by the newly established NZ-UAE Business Council. The UAE serves as a major market for New Zealand and a strategic gateway to a rapidly growing and diversifying regional economy.
Tags: Todd McClay Thani bin Ahmed Al Zeyoudi New Zealand United Arab Emirates Bilateral Investment Treaty Comprehensive Economic Partnership Agreement Trade and Investment Business CouncilNew Zealand Launches Secure Digital Credential Platform for Government Agencies
1 month ago | 251 viewsNew Zealand company MATTR will develop a shared digital credential platform managed by the Department of Internal Affairs to enable government agencies to issue secure digital identities through a Government App. This initiative aims to simplify identity verification, reduce paperwork, enhance privacy and security, and improve convenience for users, with agencies like MBIE trialing the system for business credentials. By standardizing digital identity services across agencies, the government expects cost savings, greater efficiency, and a more consistent experience for citizens.
Tags: Judith Collins MATTR Department of Internal Affairs Ministry of Business Innovation and Employment New Zealand Government App digital credentials digital identity services New Zealand Business Number public sector