Articles tagged with Commercial
Northland Closes East Coast to Rock Lobster Fishing to Boost Stocks from 2026
1 day ago | 38 viewsNorthland’s east coast spiny rock lobster fishery will be largely closed to both commercial and recreational fishing, with reduced recreational daily limits, to help restore lobster stocks and maintain marine ecosystem balance. These measures, including extended closures from Ohao Point to Cape Rodney and a nationwide limit on packhorse lobster catches, follow a voluntary commercial closure and aim to prevent fishers from shifting pressure to other species. After public consultation with over 600 submissions, the new regulations will take effect from April 1, 2026.
Tags: Shane Jones Northland Oceans and Fisheries Minister spiny rock lobster rock lobster fishery recreational fishing commercial fishing Hauraki Gulf CRA 1 CRA 2New In-Water Cleaning Tech Helps Vessels Meet NZ Biofouling Rules This Summer
1 week ago | 113 viewsA new in-water cleaning technology developed by Port of Auckland and New Zealand Diving and Salvage Limited, supported by Biosecurity New Zealand, will be used in Auckland this summer to help commercial vessels meet biofouling requirements and protect the marine environment. The system effectively cleans hard-to-reach areas on vessel hulls, reducing the need for offshore cleaning and minimizing disruption to passenger and cargo operations. Following successful trials and provisional approval, Biosecurity New Zealand aims to support vessel operators in complying with biosecurity measures while balancing commercial pressures.
Tags: Andrew Hoggard Biosecurity New Zealand Port of Auckland New Zealand Diving and Salvage Limited NZDS biofouling vessel hull cleaning marine environment commercial vessels cruise shipsReserve Bank Eases Lending Rules to Boost First-Home Buyers from December
1 month ago | 174 viewsThe 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.
Tags: Nicola Willis Reserve Bank LVR restrictions commercial banks DTI restrictions property investors home loansNew Proposals Seek Feedback to Protect Hoiho from Commercial Fishing Risks
1 month ago | 166 viewsOceans and Fisheries Minister Shane Jones is seeking public feedback on proposals to reduce commercial fishing risks to the northern hoiho (yellow-eyed penguin) population, following an emergency three-month set-net fishing closure around Otago Peninsula. Proposed measures include extending the closure long-term, banning set-netting between Karitāne and Hampden, and implementing a Fishing-Related Mortality Limit with an escalating response framework to minimize bycatch. The consultation, open until 12 December 2025, aims to balance hoiho conservation with the interests of commercial fishers and other stakeholders.
Tags: Shane Jones hoiho Otago Peninsula Karitāne Hampden New Zealand MPI commercial fishing yellow eyed penguins Stewart IslandNew Zealand IP Policy Empowers Researchers for Commercial Success
1 month ago | 192 viewsNew national intellectual property policy in New Zealand aims to give researchers more control over inventions and enhance opportunities for commercial success. The policy allows university researchers to have the first right to commercialize their inventions independently or with university support, with capped equity stakes for universities in spin-out companies. The goal is to incentivize researchers, foster innovation, and streamline IP management to facilitate faster commercialization and economic growth.
Tags: Shane Reti New Zealand intellectual property researchers inventions commercial success innovation university policy commercialisationFast-track Approval for $1.45B Drury Metropolitan Centre Development in Auckland
1 month ago | 201 viewsInfrastructure Minister Chris Bishop has welcomed the Fast-track approval of the Drury Metropolitan Centre development project in Auckland, projected to inject over $1.45 billion into the economy and create 3,420 full-time jobs. The project includes residential, commercial, and community spaces, with significant government investments in infrastructure like new train stations and road upgrades in the area. The Fast-track process aims to address infrastructure deficits, boost housing supply, create jobs, and improve the efficiency of project approvals through the Fast-track Approvals Amendment Bill.
Tags: Chris Bishop Auckland Drury Metropolitan Centre Kiwi Property Holdings infrastructure expert panel major metropolitan development project residential commercial.Andrew Szusterman Appointed to RNZ Board of Governors
3 months ago | 263 viewsAndrew Szusterman has been appointed to the Radio New Zealand Board of Governors by Minister for Media and Communications Paul Goldsmith. Szusterman, an experienced media executive, has worked in television, commercial radio, and digital platforms in New Zealand and abroad. His expertise in audience engagement and understanding of the evolving media landscape will be valuable as RNZ faces challenges in public broadcasting and adjusts to changing audience behaviors. Szusterman will officially join the Board on October 1st.
Tags: Andrew Szusterman Radio New Zealand Board of Governors Paul Goldsmith media communications television commercial radio digital platforms audience engagement public broadcastingNew Zealand and Saudi Arabia Forge $100 Million Trade Partnerships
3 months ago | 322 viewsMinister Todd McClay announced five new commercial partnerships between New Zealand and Saudi Arabian companies during a Trade and Investment mission in Riyadh, expecting over $100 million in commercial value. The partnerships aim to deepen trade relations, boost exports, and align with Saudi Arabia's Vision 2030 for premium solutions. Examples include collaborations in nutrition products, fruit production, animal management, and creative industries like design and construction.
Tags: Todd McClay Trade Investment Agriculture New Zealand Saudi Arabia Partnerships Commercial Exporters Vision 2030Regional Infrastructure Fund Boosts Horticulture Expansion in Hawke’s Bay and Tairāwhiti
3 months ago | 508 viewsThe Regional Infrastructure Fund is providing $24.62 million to boost horticulture expansion in Hawke’s Bay and Tairāwhiti through water storage, flood resilience, and Māori land projects, aiming to enhance regional economies, employment, and export growth while improving resilience to economic shocks and extreme weather events. Specific projects include establishing high-value horticulture on Māori land in Tairāwhiti, expanding water storage capacity in Hawke’s Bay, replenishing the Makauri aquifer in Tairāwhiti, and developing water storage infrastructure for pipfruit orchards. These investments aim to strengthen regional resilience and productivity, with a focus on supporting the regions' economic growth and success.
Tags: Shane Jones Regional Infrastructure Fund Hawke’s Bay Tairāwhiti water storage horticulture expansion whenua Māori projects Regional Development Minister Makauri Aquifer Recharge Limited Ngāti Pahauwera Commercial Development LimitedMarlborough Sounds Blue Cod Seasonal Closure Extended for Sustainability
4 months ago | 439 viewsOceans and Fisheries Minister Shane Jones has announced an extended seasonal closure for blue cod in the Marlborough Sounds, aiming to reduce fishing pressure and support sustainability. Commercial catch limits for the fish stock were reduced in 2022 due to concerns about high fishing pressure impacting the fishery. An advisory group has been established to provide expertise on improving the health of the blue cod population, with further exploration of factors affecting the fishery planned for the future.
Tags: Shane Jones Marlborough Sounds blue cod fishery sustainability closure fishing pressure advisory group commercial catch limits spawningWhanganui Airport Invests in Safety and Connectivity Boost
4 months ago | 476 viewsThe Government will invest $3.35 million in Whanganui Airport to build a new sealed parallel taxiway, enhancing safety and regional connectivity. This investment aims to address safety concerns by reducing the risk of collisions and aircraft congestion, making flying safer for pilots and passengers. The taxpayer-funded project, supported by local MP Carl Bates, will improve resilience, support economic growth, and benefit the region's aviation industry and community.
Tags: Whanganui Airport safety regional connectivity economic growth James Meager investment taxpayer funding Carl Bates aviation New Zealand International Commercial Pilot Academy