Articles tagged with Capital
New Zealand Tax and Social Policy Work Programme Enhances Economic Growth and Investment
3 weeks ago | 166 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
1 month ago | 206 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
1 month ago | 224 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
1 month ago | 213 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
2 months ago | 277 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
3 months ago | 519 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
3 months ago | 702 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