Articles tagged with Kiwis
James Miller Appointed Chair of New Zealand's Financial Markets Authority
3 days ago | 105 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 RegCoEmployment Leave Bill Passes Final Reading: New Simple Leave System Introduced
1 week ago | 161 viewsThe Employment Leave Bill has passed its final reading, replacing the outdated Holidays Act with a simpler, hours-based leave system that improves accuracy and transparency for both employers and employees. Key reforms include hourly accrual of annual and sick leave, leave available from day one, a single hourly pay rate for all leave types, and greater flexibility in cashing up annual leave, with a 24-month transition period for implementation. The government aims to provide clear guidance and support to ensure a smooth shift to this streamlined system, addressing long-standing calls for reform.
Tags: Brooke van Velden Employment Leave Bill Holidays Act Workplace Relations and Safety MBIE Government Kiwis Employment New Zealand annual leave sick leaveGovernment Seeks Feedback on Capital Market Reforms to Boost Kiwi Business Growth
3 weeks ago | 200 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 crowdfundingNew Regulatory Standards Act Empowers Kiwis to Challenge Bad Regulations
1 month ago | 315 viewsThe Regulatory Standards Act (2025) establishes the Regulatory Standards Board to protect New Zealanders by increasing transparency around the costs and impacts of regulations on property rights and personal liberties. The Board reviews Consistency Accountability Statements, handles public complaints about bad regulations, and can assess existing laws to ensure accountability and inform voters. With over 260 regulators in New Zealand, this Act aims to provide clearer information on regulatory costs and empower citizens to hold policymakers responsible.
Tags: Regulatory Standards Act Regulatory Standards Board David Seymour New Zealand Public Finance Act Reserve Bank Act Bill of Rights Act Consistency Accountability Statements Ministry for Regulation KiwisKiwiSaver Contribution Increase Boosts Retirement Savings for 1.8 Million Kiwis
1 month ago | 383 viewsNearly 99.5% of KiwiSaver contributors have accepted the increased default contribution rate from 3% to 3.5%, enhancing their retirement savings and financial security. This change affects about 1.8 million employees, with contributions rising from 6% to 7% of wages when including employer matches, and will increase further in 2028. The higher contributions are projected to significantly boost retirement funds, helping young New Zealanders both in retirement and in purchasing their first homes.
Tags: KiwiSaver Nicola Willis New Zealand retirement contribution rates financial security superannuation wages property ladder employee deductionsNZ Economy Grows Strongly in Q1 2026 with GDP Up 0.8% Amid Global Uncertainty
1 month ago | 515 viewsNew Zealand's economy showed strong momentum in the March 2026 quarter, growing 0.8%, nearly three times faster than Australia and twice as fast as the US, with GDP per capita and real purchasing power also rising. This growth reflects the resilience of New Zealanders amid challenging conditions and was supported by business investment and government policies, though uncertainty from the Middle East conflict may impact future growth. Despite short-term caution, the government remains focused on fiscal responsibility and expects economic growth to strengthen over time, leading to more jobs and higher incomes.
Tags: Nicola Willis Stats NZ New Zealand Australia United States Treasury Budget 2026 Middle East Kiwis Investment Boost$2.1B Mahere Pūtea 2026: Whakawhanake Mātauranga Kura Tuarua Aotearoa
2 months ago | 525 viewsThe 2026 Budget allocates $2.1 billion to continue building a world-leading education system in New Zealand, focusing on enhancing secondary curriculum development, professional learning for teachers, and expanding industry-aligned vocational pathways. Significant investments include $90 million for updating national qualifications through NZQA, $559 million for school infrastructure, and targeted funding for supporting diverse learner needs such as health, language, and special education. These initiatives build on prior reforms to improve literacy and numeracy, aiming to raise achievement, close equity gaps, and prepare students with skills aligned to the future workforce.
Tags: Erica Stanford Mahere Pūtea 2026 Mātauranga NZQA Poari Pūmanawa Ahumahi Kura Ringarehe Kiwisaver Whakaako Kairangi Te Marautanga o Aotearoa KāwanatangaNavigating New Zealand’s Future: Security, Resilience, and Prosperity in a Volatile World
2 months ago | 544 viewsThe speech addresses New Zealand’s need to adapt to a rapidly changing, multipolar world marked by shifting power dynamics, increased security threats, and challenges to the rules-based international order. It emphasizes strengthening national security through enhanced defense capabilities, energy independence, social cohesion, and fiscal responsibility, while maintaining and evolving international relationships and trade partnerships. The speaker calls for a collective effort to prepare New Zealand for future uncertainties by investing in resilience, unity, and prudent governance to secure the nation’s prosperity and values.
Tags: New Zealand Russia China United States National Party Erica Stanford Lawrence Wong Pericles KiwiSaverDavid Boyle Appointed New Retirement Commissioner to Enhance KiwiSaver and Retirement Savings
3 months ago | 590 viewsDavid Boyle has been appointed as New Zealand's Retirement Commissioner for a three-year term starting May 18, announced by Commerce and Consumer Affairs Minister Cameron Brewer. Boyle brings extensive experience in retirement savings, having played a key role in establishing KiwiSaver and previously worked on financial wellbeing initiatives and education programs at the Retirement Commission. Brewer also thanked outgoing commissioner Jane Wrightson for her six years of leadership in improving financial capability and retirement outcomes.
Tags: David Boyle Cameron Brewer Jane Wrightson KiwiSaver Retirement Commissioner Fisher Funds Stand Tū Māia Ngāi Tahu Whai Rawa Funds Play it StrangeNew Zealand Boosts Financial Support for Families, Superannuitants & Students from April
4 months ago | 846 viewsFrom 1 April, the New Zealand government will increase financial support for over a million citizens, including superannuitants, working families, students, and beneficiaries, to help offset rising living costs due to the global fuel-price surge and Middle East conflict. Key measures include increased NZ Superannuation payments, boosted family tax credits, in-work tax credits, and changes to KiwiSaver contribution rates to encourage long-term savings. The government emphasizes targeted, responsible support to manage inflation and economic growth while safeguarding New Zealand’s financial future amid global uncertainties.
Tags: Nicola Willis New Zealand Superannuitants Working Families Students Beneficiaries KiwiSaver Finance Minister FamilyBoost Jobseeker SupportGovernment Removes Barriers for Rural Workers to Use KiwiSaver for First Homes and Farms
5 months ago | 893 viewsThe Government is amending the KiwiSaver Act to allow rural workers in service tenancies, such as farm workers and rural teachers, to use their KiwiSaver funds for first home purchases without needing to live in the property. Additionally, the changes will enable first-time farm buyers to use KiwiSaver balances to buy farms through commercial entities they majority own, reflecting modern farm ownership practices. These reforms aim to remove barriers for rural communities while maintaining KiwiSaver’s core purpose, with legislation expected to be introduced mid-year.
Tags: Nicola Willis Scott Simpson Suze Redmayne KiwiSaver first home purchase farm workers rural workers KiwiSaver Act New Zealand government Rangitīkei MPNZ Government Receives Final Royal Commission Report on COVID-19 Lessons
5 months ago | 827 viewsThe Government has received the final report from the Royal Commission of Inquiry into COVID-19 Lessons, which expanded its scope to review key decisions like lockdowns and vaccine mandates due to public demand. The inquiry aims not only to assess past mistakes but also to guide future pandemic responses, addressing the ongoing social and economic impacts felt by New Zealanders. The report will be made public in March 2026, with Health Minister Simeon Brown leading the Government’s response to its recommendations.
Tags: Ms van Velden Simeon Brown Royal Commission New Zealand Government Aucklanders Parliament KiwisNew Online Casino Gambling Bill Advances to Protect Communities and Regulate Harm
8 months ago | 700 viewsMinister Brooke van Velden welcomed the Governance and Administration Committee's report on the Online Casino Gambling Bill, highlighting its alignment with government decisions to regulate online gambling and protect New Zealanders from harm. The Committee received over 5,000 submissions, with significant concern about ensuring community returns from gambling revenue continue to support grassroots groups, leading to the recommendation that the Lottery Grants Board manage these funds. The Bill introduces safeguards to reduce gambling harm, addresses concerns about normalization and advertising, and includes a two-year review to monitor the impact on community funding.
Tags: Brooke van Velden Minister of Internal Affairs Governance and Administration Committee Lottery Grants Board Special Olympics New Zealand Cabinet Kiwis Online Casino Gambling Bill ParliamentTop Up Campaign Empowers Over 3 Million Kiwis to Boost Mental Wellbeing
8 months ago | 781 viewsThe nationwide Top Up campaign, launched in August to promote the Five Ways to Wellbeing, has reached over 3.2 million New Zealanders and attracted 115,000 website visitors in four months, exceeding expectations. The campaign encourages simple, evidence-based daily actions to boost mental health and aims to shift the focus from crisis to prevention, supported by government funding for community initiatives. Mental Health Minister Matt Doocey highlights the strong public engagement as a positive step toward reducing stigma and fostering proactive mental wellbeing across all communities.
Tags: Matt Doocey Top Up campaign Mental Health Minister New Zealand Mental Health Foundation VML Five Ways to Wellbeing Mental Health Targets Community Grants Scheme KiwisNew Zealand’s 10-Year Digital Health Plan to Transform Patient Care and Access
8 months ago | 928 viewsNew Zealand is launching a 10-year Health Digital Investment Plan to modernize its healthcare system by replacing outdated, paper-based records with a single Electronic Medical Record system that enables seamless information flow between GPs, specialists, and hospitals. The plan focuses on improving patient outcomes, supporting clinicians, stabilizing infrastructure, fostering innovation, and enhancing data-driven decision-making through phased implementation and investments in technologies like remote monitoring, national radiology, and AI tools. To ensure success, the government has established the Centre for Digital Modernisation of Health and initiatives like HealthX to accelerate digital transformation and deliver faster, safer, and more coordinated care.
Tags: Simeon Brown Health New Zealand Health Minister HealthX Chief Executive AI Accelerate programme Centre for Digital Modernisation of Health Kiwis Government