Articles tagged with Capital
New Crown Directors Appointed to Airways and Kiwi Group Capital Boards
3 weeks ago | 191 viewsState Owned Enterprises Minister Simeon Brown has appointed Mayurie Gunatilaka to the Airways Board and Susan Petersen to the Kiwi Group Capital Board, both for three-year terms. Gunatilaka brings extensive infrastructure governance experience to support Airways' air navigation services, while Petersen, also Chair of the Kiwibank Board, is the first KGC director to hold a position on Kiwibank’s Board, enhancing strategic alignment. These appointments aim to strengthen governance and leadership in critical sectors, with KGC adopting overlapping board memberships to boost strategic objectives while maintaining independent oversight.
Tags: Simeon Brown Mayurie Gunatilaka Susan Petersen Airways Board Kiwi Group Capital Kiwibank Board State Owned Enterprises Crown directors governance infrastructure planningGovernment Adds 31 Specialist Mental Health Beds at Manor Park Hospital
3 weeks ago | 279 viewsThe Government is enhancing mental health support by adding 31 specialist beds at Manor Park Private Hospital, including 15 for adults with complex long-term needs and 16 psychogeriatric beds for secure and transitional care. This expansion aims to provide faster access to appropriate care, reduce hospital stays, ease emergency department pressure, and improve patient outcomes in the Hutt Valley and Capital Coast regions. The initiative is part of a broader mental health plan focused on better infrastructure, more frontline workers, and improved crisis response to deliver compassionate, effective care.
Tags: Matt Doocey Manor Park Private Hospital mental health support psychogeriatric beds Hutt Valley Capital Coast emergency departments mental health plan New Zealand GovernmentReserve Bank Eases Capital Requirements to Boost NZ Bank Competition and Lending
3 weeks ago | 175 viewsFinance Minister Nicola Willis has welcomed the Reserve Bank’s decision to ease some capital requirements imposed on banks in 2019, including adjustments to risk weights. These changes aim to enhance competition, particularly benefiting smaller banks and increasing lending to key sectors like agriculture. The revised requirements maintain prudence while promoting a more balanced approach between risk management and fostering competition, with gradual implementation planned.
Tags: Nicola Willis Reserve Bank Finance Minister New Zealand banking sector capital requirements risk weights competition lending agriculture sectorGovernment Boosts School Maintenance Funding with 50% Increase from 2026
1 month ago | 160 viewsThe Government is significantly increasing school maintenance funding for the first time since 2010, raising the Five Year Agreement (5YA) base rate by 50% and doubling the minimum allocation for small schools starting July 2026. This investment aims to ensure classrooms are safe, warm, and dry, allowing schools greater certainty and flexibility to plan essential upgrades and modernizations over the long term. Additionally, a $58 million package has already provided over 2,400 schools with one-off grants to address urgent maintenance needs, receiving positive feedback from school communities.
Tags: Erica Stanford school property maintenance funding 5 Year Agreement school capital funding classroom upgrades small schools government investment school maintenance taxpayer moneyNew Zealand Tax and Social Policy Work Programme Enhances Economic Growth and Investment
2 months ago | 310 viewsRevenue Minister Simon Watts has announced a refreshed Tax and Social Policy Work Programme aimed at boosting the economy by attracting capital, talent, and small business investment. The program focuses on removing regulatory barriers, delivering a stable tax environment, and encouraging critical investment in infrastructure. Key pillars include attracting capital and talent, supporting small businesses, simplifying the tax system, and improving integrity through targeted consultations and practical reforms.
Tags: Simon Watts Tax Social Policy Work Programme New Zealand Capital Talent Small Business Investment InfrastructureNew Zealand Government Eases Climate Reporting Burden for Businesses to Boost Market Growth
2 months ago | 368 viewsCommerce and Consumer Affairs Minister Scott Simpson announces changes to support business growth and capital markets in New Zealand. The Government is adjusting climate reporting regulations to reduce costs and encourage listings on the NZX. Changes include raising the reporting threshold, adjusting liability settings, and excluding managed investment schemes. These adjustments aim to ensure robust reporting, maintain market competitiveness, and provide clearer information on investments for KiwiSaver and managed funds.
Tags: Government business growth capital markets climate reporting compliance costs Scott Simpson market capitalisation climate disclosures KiwiSaver investment Financial Markets Conduct Amendment BillAccelerated Overseas Investment Decisions Boost New Zealand Business Growth and Job Creation
3 months ago | 392 viewsAssociate Finance Minister David Seymour highlights the importance of faster overseas investment decisions for businesses to access capital and create jobs with higher wages. Changes to the Overseas Investment Act have led to significant improvements in processing times, with almost 87% of consent applications processed faster than before. The government aims to streamline the process further to attract more investment, boost economic growth, and support job creation in New Zealand.
Tags: David Seymour LINZ Overseas Investment Act New Zealanders Minister Capital Investment Processing times National Interest Test RegulationsGovernment Announces Key Appointments in State-Owned Enterprises Portfolio
3 months ago | 318 viewsState-Owned Enterprises Minister Simeon Brown announced appointments and reappointments at Kiwi Group Capital Ltd and NZ Post. David McLean was reappointed as Chair at Kiwi Group, with Scott Pickering appointed as a director. At NZ Post, Alastair Bell and Grant Stapleton were appointed as directors. These appointments aim to ensure strong governance and leadership in State Owned Enterprises to meet future challenges and opportunities.
Tags: Simeon Brown David McLean Scott Pickering Alastair Bell Grant Stapleton Kiwi Group Capital Ltd NZ Post State Owned Enterprises New ZealandersFinance Minister Thanks Departing Reserve Bank Chair for Service
4 months ago | 373 viewsFinance 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.
Tags: Finance Minister Nicola Willis Reserve Bank Chair Neil Quigley board member Chair resignation funding agreement capital settings new GovernorNew Capital Settings Proposals Aim to Boost Competition in New Zealand Banking Sector
4 months ago | 636 viewsFinance 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.
Tags: Finance Minister Nicola Willis consultation Reserve Bank capital settings banking industry lending New Zealanders competition efficiencyKiwibank Empowered to Challenge Big Four Aussie Banks with $500M Capital Boost
5 months ago | 861 viewsKiwibank has been authorized to enhance its competition with the dominant Australian-owned banks in New Zealand's banking sector by raising up to $500 million in capital for growth. This move is aimed at enabling Kiwibank to better compete with the big four Australian banks while preserving its New Zealand identity. The government has approved measures to ensure Kiwibank's New Zealand identity, including maintaining majority government ownership and requiring key operational aspects to remain in New Zealand.
Tags: Kiwibank Nicola Willis Finance Minister Commerce Commission New Zealand Kiwi Group Capital Māori institutions New Zealand KiwiSaver funds stock market