Articles tagged with Businesses
WorkSafe Launches New Prequalification Template to Help Small Construction Contractors
20 hours ago | 53 viewsWorkSafe has introduced a new prequalification template to simplify the contractor health and safety assessment process, addressing frustrations over inconsistent and duplicative requirements in New Zealand’s construction industry. This template, supported by a position statement, promotes a consistent, risk-based approach that reduces unnecessary costs and paperwork, particularly benefiting small businesses and sole traders. Government agencies are expected to adopt the template in procurement processes, helping contractors avoid multiple prequalification forms and making bidding more efficient and cost-effective.
Tags: Brooke van Velden WorkSafe New Zealand Minister for Workplace Relations and Safety prequalification construction businesses contractors health and safety government procurement small businessesNew Zealand Targets Electricity Network Reforms to Lower Power Bills and Boost Efficiency
1 day ago | 81 viewsNew Zealand’s rising electricity bills are largely driven by electricity distribution network costs, prompting the government to seek reforms for greater affordability, reliability, and efficiency in the sector. The Ministry of Business, Innovation and Employment (MBIE) has released a discussion document proposing actions to enhance collaboration among Electricity Distribution Businesses (EDBs), improve economic regulation, and strengthen governance to support increased electrification and innovation. The government is inviting public feedback on these potential reforms to ensure investments deliver value for consumers and help moderate future power costs.
Tags: Simeon Brown Cameron Brewer Electricity Distribution Businesses Commerce Commission MBIE New Zealand Energy Minister Commerce and Consumer Affairs Minister Frontier Review Energy PackageNew Zealand's RDTI Hits $10 Billion Supporting Business Innovation and Growth
1 month ago | 272 viewsThe Research and Development Tax Incentive (RDTI) in New Zealand has supported over $10 billion in business R&D investment, demonstrating growing confidence and rapid uptake, especially among small businesses. An independent evaluation in 2025 showed the scheme generates significant economic benefits, with each dollar of support leading to an additional $1.40 invested in R&D, contributing to productivity, innovation, and high-value job creation. To further enhance its impact, the government plans to introduce in-year payments for tax credits in Budget 2026, aiming to improve cash flow and encourage more businesses to invest in R&D.
Tags: Penny Simmonds Callaghan Innovation MBIE New Zealand RDTI Budget 2026 Science Technology Innovation R&D businesses governmentGovernment Launches Free Online Food Safety Course for Food Businesses
1 month ago | 345 viewsThe Government, led by Minister Andrew Hoggard, is launching a free online food safety course to reduce costs for thousands of food businesses, which typically spend $50 to $200 per staff member on training. The course series, developed with industry input, includes modules on personal hygiene, maintaining a safe workplace, handling food safely, allergens, and traceability, all aimed at preventing foodborne illnesses. This initiative is part of broader efforts to simplify and improve food safety practices for businesses of all sizes.
Tags: Andrew Hoggard food safety foodborne illness personal hygiene food businesses Restaurant Association Hospitality NZ food safety training allergens traceabilityKiwi Businesses Boost Productivity with $800M Gains from eInvoicing Adoption
1 month ago | 329 viewsKiwi businesses are projected to gain up to $800 million annually in productivity through full eInvoicing adoption, which has more than doubled in uptake recently, enabling faster payments and reduced paperwork. The government leads by example with prompt payments, achieving over 95% of invoices paid within 10 working days, and will require large businesses to send eInvoices to government agencies from January 2027. This initiative aims to improve cashflow, cut administrative costs, reduce invoice fraud, and create a more efficient business environment in New Zealand.
Tags: eInvoicing productivity gains Kiwi businesses Cameron Brewer NZIER Small Business Manufacturing Minister government payments invoice fraud cloud accountingNew Zealand Passes Health and Safety Amendment Bill to Focus on Critical Risks
1 month ago | 427 viewsThe Health and Safety at Work Amendment Bill, passed in New Zealand, focuses on preventing serious workplace harm by prioritizing critical risks and reducing regulatory burdens, especially for small businesses. It strengthens Approved Codes of Practice and clarifies duties for directors, aiming to simplify compliance and improve safety outcomes. The reforms, effective from April 2027, balance strong worker protections with practical guidance to support businesses and enhance economic growth.
Tags: Brooke van Velden Health and Safety at Work Amendment Bill New Zealand Workplace Relations and Safety WorkSafe Approved Codes of Practice small businesses workplace injuries regulatory complianceNew Zealand Boosts Small Businesses with New AI-Powered Government Funding
2 months ago | 512 viewsNew Zealand's government is funding AI-powered initiatives to support 600,000 small businesses, aiming to unlock growth opportunities with smart, data-driven tools. The investment expands AcceleratorNZ to provide AI-driven business diagnostics to 500 more firms and helps Business Mentors New Zealand develop an AI Digital Mentor tool to better match mentors with businesses. These efforts modernize support services, enhancing efficiency while maintaining human mentorship to help small businesses grow, compete, and succeed.
Tags: Cameron Brewer AcceleratorNZ Business Mentors New Zealand BMNZ New Zealand small businesses AI tools Government funding Business South AI Digital MentorKiwi Space Activator Funds University of Auckland’s Rakiraki CubeSat Project
2 months ago | 555 viewsSpace Minister Chris Penk announced that the University of Auckland received $300,000 from the Kiwi Space Activator pilot programme to develop the Rakiraki CubeSat, a satellite aimed at improving space object tracking to protect essential satellite services. The programme supports New Zealand innovators in advancing space technology from concept to launch, fostering sovereign space capability, commercialisation, and global market access. With $1.78 million awarded across two rounds to four projects, the initiative reflects the growing and high-quality space innovation sector in New Zealand.
Tags: Chris Penk Kiwi Space Activator University of Auckland Rakiraki CubeSat Auckland University of Technology Space Operations New Zealand MBIE New Zealand space sector Kiwi businesses space technology$5.3M Māori Development Fund Boosts Businesses, Jobs & Exports in NZ
2 months ago | 494 viewsThe Māori Development Fund has invested over $5.3 million to support Māori-owned businesses in horticulture, aquaculture, and renewable energy, aiming to create jobs, boost regional economies, and expand exports in line with the Government's growth framework. Key investments include $2.6 million for Hineuru Orchards in Hawke's Bay to enhance crop protection and export capacity, and $1.5 million for Akaroa King Salmon to upgrade infrastructure and increase production, generating approximately 50 new jobs. These initiatives promote sustainable development, energy transition, and long-term prosperity for Māori communities while strengthening New Zealand's overall economic success.
Tags: Tama Potaka Parininihi ki Waitōtara Hineuru Orchards Akaroa King Salmon Ōnuku Rūnanga Ngāti Porou Māori Development Fund Māori businesses New Zealand economy Māori Development MinisterCommerce Commission Proposes Cut to Company Card Fees Saving NZ Businesses $40M Annually
2 months ago | 511 viewsThe Commerce Commission has proposed reducing the fees businesses pay to accept company cards, potentially saving retailers around $40 million annually and contributing to a total expected saving of up to $290 million per year for businesses. Commerce Minister Cameron Brewer highlighted that current interchange fees in New Zealand are nearly double those in Australia and unfairly burden businesses, which often pass these costs onto consumers through higher prices. The draft decision is open for consultation, with a final ruling expected later this year, aiming to ensure fairer payment processing costs and benefits for both businesses and consumers.
Tags: Commerce Commission Cameron Brewer retailers interchange fees company cards businesses consumers New Zealand Government banksGovernment Streamlines Food Safety Verification for Multi-Site Businesses Nationwide
3 months ago | 581 viewsThe Government is standardizing food safety verification for multi-site food businesses by implementing consistent site-sampling guidelines, reducing costs, and ensuring all sites are verified over time based on risk levels and performance. Recent measures have saved money for small food businesses through free training, relaxed testing for meat processors, eased requirements for home-based bakers, and simplified export rules. Future plans aim to further cut regulatory costs, simplify processes, and create a fairer, more efficient food safety system responsive to industry needs.
Tags: Andrew Hoggard Food Safety Minister Government food businesses food safety National Programmes Food Control Plan food exporters regulatory costsFree Online Food Safety Training Launched to Support NZ Food Businesses
3 months ago | 675 viewsThe Government has launched a free online food safety training module to simplify and improve accessibility for food businesses, addressing previous challenges of cost and difficulty. Developed with industry input, this module is the first of six aimed at modernizing New Zealand’s food safety system to be fairer, more efficient, and responsive to business needs. Additional modules and initiatives are planned to further support the sector with appropriate, risk-based regulations and tools.
Tags: Andrew Hoggard Government Food Safety Restaurant Association Hospitality NZ New Zealand Food Businesses Online Training Food Safety Module Home BakersOpen Banking Expands to Business Banking, Boosting Productivity and Growth
4 months ago | 700 viewsOpen Banking will be expanded to business banking channels, enabling businesses to share banking data with trusted providers to access faster loan comparisons, automated accounting, and improved cashflow management. This initiative aims to save businesses time on administrative tasks, boost competition, and enhance productivity, particularly benefiting small businesses by providing clearer financial insights and reducing manual work. While large corporates are exempt due to limited demand, the government prioritizes Open Banking as a key tool to support small business growth and efficiency.
Tags: Scott Simpson Chris Penk Open Banking business banking fintech small businesses loan comparisons automated accounting cash flow productivityNew Zealand Boosts Economy with Faster Overseas Investment Approvals and New Visas
5 months ago | 808 viewsThe New Zealand Government has introduced a two-track system under the Overseas Investment Act to speed up investment decisions, aiming to process most applications within five to 15 working days, significantly faster than before. This reform, along with increased Active Investor Plus visa applications, is expected to bring billions in overseas capital, supporting economic growth, productivity, and high-paying jobs by providing access to international capital, expertise, and technology. The Government emphasizes that attracting foreign investment is essential for New Zealand’s future as a high-income economy and is committed to removing barriers to help businesses grow and create opportunities for Kiwis.
Tags: David Seymour Erica Stanford Overseas Investment Act New Zealand Active Investor Plus golden visa overseas investment Kiwi businesses economic growth investment applicationsNew Food Safety Rules Help Small-Scale Meat Processors Save Costs and Boost Local Food
8 months ago | 871 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 compliance