Articles tagged with Ero
New 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 PackageGovernment Funds Additional Growth Advisor to Support Hawke's Bay Businesses Through 2027
2 days ago | 97 viewsThe Government is funding an additional Growth Advisor at the Hawke's Bay Chamber of Commerce through June 2027 to provide hands-on support for local business owners recovering from Cyclone Gabrielle. This advisor will offer practical guidance on planning, growth opportunities, and decision-making, helping businesses navigate ongoing challenges and access regional resources. The initiative aims to strengthen Hawke's Bay's productive economy by ensuring small businesses receive timely, local expertise to rebuild and succeed.
Tags: Cameron Brewer Karla Lee Katie Nimon Catherine Wedd Hawke's Bay Cyclone Gabrielle Growth Advisor Regional Business Partner Network Small Business Hawke's Bay Chamber of CommerceKiwi Businesses Save Time Accessing $400M Government Grants with New Funding Explorer
1 week ago | 155 viewsThe upgraded Funding Explorer, launched by the New Zealand government, consolidates 15 funding opportunities from seven agencies into a single searchable platform, enabling businesses to quickly find relevant grants and support. This tool addresses previous fragmentation and navigation difficulties, allowing businesses to search by sector or objective, such as commercializing ideas or boosting productivity. The initiative, praised by industry leaders, aims to reduce time spent on government paperwork, fostering more investment, job creation, and stronger exports.
Tags: Cameron Brewer Catherine Lye Funding Explorer Small Business Manufacturing business grants government agencies Advancing Manufacturing Aotearoa business funding business.govt.nzJames Miller Appointed Chair of New Zealand's Financial Markets Authority
2 weeks ago | 192 viewsFinance Minister Nicola Willis and Commerce Minister Cameron Brewer announced James Miller as the new chair of the Financial Markets Authority (FMA) for a five-year term starting August 6, highlighting his extensive experience in capital markets and governance. The government aims to reform New Zealand's capital markets by reducing costs and complexity to encourage local listings and strengthen KiwiSaver balances, with the FMA now overseeing consumer credit regulation as a single financial markets conduct regulator. Additionally, Trevor Janes was appointed to the FMA board for two years, both bringing significant expertise to support the FMA's role in promoting fair, efficient, and transparent financial markets.
Tags: Nicola Willis Cameron Brewer James Miller Trevor Janes Steven Bardy Financial Markets Authority NZX KiwiSaver New Zealand Order of Merit NZ RegCoEarn as You Learn Expands to Train Young Kiwis for Manufacturing Careers
2 weeks ago | 203 viewsThe Earn as You Learn programme, which combines paid workplace learning with formal training and industry mentoring, is expanding into the Hutt Valley, Bay of Plenty, Christchurch, and Auckland to address the manufacturing sector's skilled workforce shortage. Developed by manufacturers and supported by Advancing Manufacturing Aotearoa, the programme has proven successful in the Waikato pilot, with most participants securing full-time jobs after completing their training. The government is committed to expanding vocational pathways alongside this initiative, aiming to grow the skilled manufacturing workforce essential for New Zealand's economic recovery and future innovation.
Tags: Cameron Brewer Catherine Lye Earn as You Learn Advancing Manufacturing Aotearoa Wintec New Zealand Small Business and Manufacturing Minister Waikato Youth Guarantee Trades AcademyMBIE Biometric Project Cost Overruns Spark Independent Audit and Inquiry
3 weeks ago | 221 viewsThe Ministry of Business, Innovation and Employment (MBIE) ceased the seven-year Biometric Capability Upgrade project in December 2025, initially reporting $33 million in costs written off. Subsequent reviews revealed discrepancies in MBIE’s financial reporting, leading to the identification of an additional $6 million in project costs and prompting the commissioning of an independent financial audit. The matter has been referred to the Michael Heron inquiry and the Public Service Commissioner to investigate MBIE’s financial controls and potentially expand the inquiry’s scope.
Tags: Biometric Capability Upgrade Ministry of Business Innovation and Employment MBIE Greg James Education and Workforce Committee Nicola Willis Michael Heron Public Service Commissioner financial audit Cabinet scrutinyKiwi School Attendance Hits Highest Term 2 Rate Since 2016 Despite Fuel Costs
4 weeks ago | 295 viewsProvisional data for Term 2 2026 shows school attendance rates reached 64.2%, the highest since 2016 and a 5.8% increase from 2025, despite high fuel prices. The government’s focused attendance initiatives, including mandatory school attendance management plans and increased funding of $140 million over four years, have improved support and accountability for managing absences. Regional attendance gains were notable, and ongoing reforms aim to sustain this upward trend, emphasizing the link between regular attendance and positive educational and life outcomes.
Tags: David Seymour Associate Education Minister Ministry of Education ERO Bay of Plenty Tāmaki Herenga Waka Budget 2025 Attendance Service Provider Education CountsNew Zealand Sees Significant Rise in Benefit Exits as More Move Into Work
1 month ago | 304 viewsNew Zealand has seen a year-on-year increase in the number of people moving off benefits into work, with 86,544 exits recorded in the year ending June 2026, reflecting positive job market trends despite economic challenges. The Ministry of Social Development supports jobseekers through initiatives like the Traffic Light System, Kōrero Mahi seminars, and partnerships with businesses such as Ventia and SkyCity to connect candidates with employment opportunities. These efforts aim to foster workforce development, reduce reliance on temporary labor, and promote economic independence for New Zealanders.
Tags: Louise Upston New Zealand MSD Ventia ChamberWorks Kōrero Mahi Ara Jobs and Skills Hub SkyCity Northern Jobs and Skills Hub New Zealand International Convention CentreGovernment Seeks Feedback on Capital Market Reforms to Boost Kiwi Business Growth
1 month ago | 266 viewsThe Government is seeking feedback on the next phase of capital market reforms aimed at lowering the cost of raising capital for Kiwi businesses and improving returns for investors, with a focus on modernizing rules to keep pace with innovation and maintain investor protections. This phase follows last year’s reforms that reduced compliance costs and barriers to listing on the NZX, and now targets eight specific areas including product disclosure, director liability, crowdfunding limits, and broker activity. The consultation, open for six weeks, invites input from businesses, investors, and financial advisers to help create dynamic, competitive markets that support economic growth.
Tags: Cameron Brewer Commerce and Consumer Affairs Minister KiwiSaver MBIE NZX New Zealand Government capital market reforms economic growth crowdfunding$3.5M NZ Government Project Funds High-Tech Power Wheelchairs for Disabled
1 month ago | 294 viewsA $3.5 million government-funded project aims to provide 100 people with progressive conditions like Multiple Sclerosis and Cerebral Palsy access to high-performance power wheelchairs to improve independence, participation, and quality of life. The two-year research program will evaluate the social and economic benefits of advanced wheelchair technology in New Zealand, informing future policy, funding, and equipment provision. This initiative reflects the government's commitment to leveraging assistive technology to enhance wellbeing and reduce long-term health and support costs for disabled individuals.
Tags: Louise Upston Enable New Zealand Disability Support Services Multiple Sclerosis Cerebral Palsy Budget 2025 New Zealand Government disability research assistive technologyNew Zealand Manufacturing Hits Strongest Growth in Nearly Five Years
1 month ago | 365 viewsNew Zealand's manufacturing sector experienced its strongest growth in nearly five years, with the BNZ-BusinessNZ Performance of Manufacturing Index rising sharply to 59.7 in June, indicating robust expansion across new orders, production, and employment. The sector, which employs over 220,000 people and contributes significantly to GDP and exports, is driving economic growth and outperforming major global economies. Government support, including the Investment Boost initiative, is helping manufacturers invest in productivity-enhancing machinery, sustaining the sector's momentum and future development.
Tags: Cameron Brewer Stephen Toplis New Zealand BNZ BusinessNZ Manufacturing Small Business Investment Boost United States ChinaKiwi 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 Adopts US and EU Toy Safety Standards to Cut Costs and Boost Choice
1 month ago | 387 viewsThe New Zealand Government will align its toy safety standards with those of the US and EU, allowing toys compliant with these international standards to be sold locally without additional testing costs. This update aims to reduce compliance expenses, enhance market attractiveness, increase product variety, and is expected to generate a net benefit of $6.8 million over 10 years while maintaining child safety. An exposure draft will be released for consultation, followed by a six-month transition period for suppliers to adapt to the new regulations.
Tags: Cameron Brewer David Seymour New Zealand toy standards Ministry for Regulation Australia United States European Union Red Tape Tipline importersNew Zealand Mandates Safety Standards for Corded Blinds to Protect Children
1 month ago | 442 viewsThe New Zealand Government is making it mandatory for new corded blinds to meet internationally recognised safety standards to protect young children from cord entanglement hazards. This move follows multiple child fatalities and coroner recommendations, aiming to reduce risks through shorter cords, warning labels, and safety devices, while minimizing costs for compliant businesses. Parents are also urged to raise awareness and take precautions with existing blinds to ensure home safety.
Tags: Cameron Brewer New Zealand corded blinds child safety Commerce and Consumer Affairs safety standards MBIE window coverings product safety coronersPharmac to Widen Rosuvastatin Access for All Based on Clinical Need from 2026
1 month ago | 406 viewsAssociate Health Minister David Seymour supports Pharmac’s proposal to remove all eligibility criteria for Rosuvastatin access from October 2026, allowing clinicians to prescribe it based on clinical need regardless of ethnicity. This change aims to improve management of high cholesterol, reduce heart attack and stroke risks, and is expected to increase the number of users by up to 108,000 over five years without affecting current patients. Pharmac will fund this expansion through savings from its 2025/26 Annual Tender, reflecting strong support from health professionals and consumers for timely access to the medicine.
Tags: David Seymour Pharmac Rosuvastatin New Zealand Associate Health Minister cholesterol cardiovascular disease Māori Pacific statin medications