Articles tagged with Mbie
Employment 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1 week ago | 161 viewsThe Employment Leave Bill has passed its final reading, replacing the outdated Holidays Act with a simpler, hours-based leave system that improves accuracy and transparency for both employers and employees.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 leaveMBIE Biometric Project Cost Overruns Spark Independent Audit and Inquiry
1 week ago | 149 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 scrutinyNew Zealand's RDTI Hits $10 Billion Supporting Business Innovation and Growth
2 weeks ago | 221 viewsThe Research and Development Tax Incentive (RDTI) in New Zealand has supported over $10 billion in business R&D investment, demonstrating growing confidence and rapid uptake, especially among small businesses. An independent evaluation in 2025 showed the scheme generates significant economic benefits, with each dollar of support leading to an additional $1.40 invested in R&D, contributing to productivity, innovation, and high-value job creation. To further enhance its impact, the government plans to introduce in-year payments for tax credits in Budget 2026, aiming to improve cash flow and encourage more businesses to invest in R&D.
Tags: Penny Simmonds Callaghan Innovation MBIE New Zealand RDTI Budget 2026 Science Technology Innovation R&D businesses governmentGovernment 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 Zealand Launches Strategic Diesel Reserve with Refurbished Marsden Point Tanks
1 month ago | 291 viewsTwo refurbished tanks at Northland’s Marsden Point are now operational to store New Zealand’s strategic diesel supply, following a $21.6 million government investment to enhance fuel resilience amid global uncertainties. Z Energy was selected to supply and manage the 90 million litre diesel reserve, with the Crown controlling its release to ensure national security without affecting Z Energy’s stockholding obligations. The first diesel shipment has arrived, with the second expected soon, and fuel stock reporting will resume its regular weekly schedule as global conditions stabilize.
Tags: Nicola Willis Shane Jones Christopher Luxon Rob Buchanan Z Energy Marsden Point New Zealand Channel Infrastructure Regional Infrastructure Fund MBIENew Zealand's Building System Reforms: Faster, Fairer, and More Affordable Construction
1 month ago | 384 viewsThe Building Amendment Bill introduces the most significant building system reforms in 20 years to make construction easier, faster, and more affordable while enhancing homeowner protections through a fairer liability system and mandatory safeguards like professional indemnity insurance and home warranties. It aims to modernize the sector by improving consistency among Building Consent Authorities, reducing processing times, enabling fast-track consents for sustainable buildings, and expanding exemptions for offsite-constructed dwellings. These reforms, developed with extensive sector engagement, seek to unlock innovation, increase accountability, and support New Zealand’s housing and construction needs sustainably and efficiently.
Tags: Chris Penk Building Amendment Bill New Zealand building system reforms construction sector homeowner protections liability system Building Consent Authorities building consent MBIENew Zealand Mandates Safety Standards for Corded Blinds to Protect Children
1 month ago | 376 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 coroners$40.68M Boost for NZ University Research Commercialisation and New IP Rules
1 month ago | 310 viewsThe New Zealand Government is providing a $40.68 million funding boost from July 2026 to support university research commercialisation, alongside new Intellectual Property (IP) rules that give researchers greater control and incentives to bring innovations to market. This initiative, including enhanced Commercialisation Partner Network funding and new Engagement Guidelines, aims to accelerate economic growth by fostering collaboration, building commercialisation skills, and supporting early-stage ideas to develop into start-ups and products. Additional funding is also allocated to the Founder and Start-up Support Programme and the New Zealand Institute of Advanced Technology to expand deep-tech incubation and advanced technology development.
Tags: Penny Simmonds New Zealand MBIE NZIAT Commercialisation Partner Network Intellectual Property Management Policy Science Technology Innovation Government funding HealthTech ActivatorNew Zealand Boosts Tourism with $5M Marketing Investment in Key Markets
1 month ago | 444 viewsThe New Zealand Government plans to boost tourism growth by investing $4 million in targeted marketing in Australia, the United States, and China, alongside a $1 million boost to attract more business events. Tourism and Hospitality Minister Louise Upston emphasized that tourism, as the country's second-largest export, is vital for economic growth, with goals to restore visitor numbers to pre-pandemic levels by 2026 and double tourism export value in ten years. These investments, funded by the International Visitor Levy, aim to accelerate visitor numbers, support high-value business events, and deliver economic benefits across New Zealand.
Tags: Louise Upston Tourism New Zealand New Zealand Australia United States China MBIE Stats NZ International Visitor Levy Business EventsKiwi Space Activator Funds University of Auckland’s Rakiraki CubeSat Project
1 month ago | 504 viewsSpace Minister Chris Penk announced that the University of Auckland received $300,000 from the Kiwi Space Activator pilot programme to develop the Rakiraki CubeSat, a satellite aimed at improving space object tracking to protect essential satellite services. The programme supports New Zealand innovators in advancing space technology from concept to launch, fostering sovereign space capability, commercialisation, and global market access. With $1.78 million awarded across two rounds to four projects, the initiative reflects the growing and high-quality space innovation sector in New Zealand.
Tags: Chris Penk Kiwi Space Activator University of Auckland Rakiraki CubeSat Auckland University of Technology Space Operations New Zealand MBIE New Zealand space sector Kiwi businesses space technologyNew Zealand Advances LNG Import Facility to Cut Power Bills and Boost Energy Security
2 months ago | 401 viewsNew Zealand’s Government is advancing plans for a liquefied natural gas (LNG) import facility to enhance energy security, reduce power bills by up to $800 million annually, and provide reliable backup during dry years when renewable sources underperform. This facility, expected to be operational by 2028, will not be funded by levies on power bills but through a fair model involving industry stakeholders, ensuring stable and affordable energy for households and businesses. The initiative addresses risks highlighted by recent energy shortages and price spikes, aiming to protect jobs, support economic growth, and secure the nation’s energy supply amid declining indigenous gas production.
Tags: Simeon Brown New Zealand Government LNG import facility Energy Minister Labour Government MBIE NIFFCO Electrify NZ New Zealand Aluminium Smelter Winter Energy Reliability ObligationNew Zealand Launches $1.2B Gas Transition Loan Scheme to Support Businesses
2 months ago | 629 viewsThe New Zealand Government is launching the Gas Transition Loan Guarantee Scheme, offering up to $1.2 billion in bank loans with an 80% Crown guarantee to help businesses reduce gas dependency, protect jobs, and conserve dwindling gas supplies. Budget 2026 allocates $48 million to cover potential losses and $5.9 million to support businesses exploring alternative energy options, aiming to reduce gas use by up to 10 PJ annually while maintaining or increasing production. Additionally, new legislation will require improved transparency in gas supply and demand data to strengthen market confidence and inform better policymaking amid declining gas reserves and rising prices.
Tags: Nicola Willis Simeon Brown Shane Jones Gas Transition Loan Guarantee Scheme Budget 2026 New Zealand gas Energy Efficiency and Conservation Authority Gas Act LNG importation facility MBIEKiwi Space Activator Funds $1.48M to Boost NZ Space Innovation Projects
2 months ago | 596 viewsSpace Minister Chris Penk announced the first recipients of the Kiwi Space Activator pilot programme, awarding $1.48 million to Dawn Aerospace, the University of Canterbury, and the University of Auckland for innovative space technology projects. These initiatives address government-identified challenges, enhance New Zealand’s space innovation reputation, and include educational components to inspire future innovators. The programme aims to reduce barriers for testing new space technologies, with funding increased to $2.08 million for rounds one and two, and applications for round two closing on May 25, 2026.
Tags: Chris Penk Dawn Aerospace University of Canterbury University of Auckland Kiwi Space Activator Hōpara MBIE New Zealand space innovationNew Zealand Faces Sharp Gas Reserve Decline: Government Acts to Secure Energy Future
2 months ago | 666 viewsNew Zealand's natural gas reserves have declined sharply due to overestimated reserves and the closure of major fields, causing rising energy prices, job losses, and economic setbacks. The Government blames the previous Labour administration's offshore oil and gas exploration ban for the energy crisis and is now reversing this policy while investing in gas security, LNG imports, and carbon capture technologies to stabilize supply and reduce costs. Their goal is to ensure affordable, reliable energy for households and businesses, protect jobs, and support the economy amid declining domestic gas production.
Tags: Simeon Brown New Zealand MBIE Pohokura field Maui field Labour Government Gas Security Fund LNG import facility Carbon Capture Utilisation and Storage New Zealand Aluminium SmelterNew Zealand Introduces Smart EV Charger Standards to Cut Costs and Support Grid
3 months ago | 786 viewsNew Zealand will introduce new regulations requiring electric vehicle (EV) chargers above 2.4 kW to have smart functionality, enabling automatic charging during off-peak, cheaper electricity times to reduce costs and ease grid demand. These measures aim to prevent a 40% increase in household peak electricity demand and save up to $4 billion in network costs by 2050, while aligning New Zealand with international standards. The regulations will be implemented through amendments to the Energy Efficiency and Conservation Act, with public consultation planned before enforcement.
Tags: Simeon Brown New Zealand EV chargers smart charging Energy Efficiency and Conservation Act MBIE EECA electric vehicles electricity system energy regulation