Articles tagged with Ministry Of Business
New Zealand Releases Oil Tickets to Support Global Supply Amid Strait of Hormuz Closure
2 days ago | 147 viewsNew Zealand will release 1.577 million barrels of crude oil purchase options, known as oil tickets, to support the International Energy Agency’s collective response to oil supply disruptions caused by the Strait of Hormuz closure. This contribution, part of a larger IEA release of 400 million barrels, aims to ease global refinery pressure and stabilize markets without affecting New Zealand’s domestic fuel security. The released tickets pertain to crude oil and fuels incompatible with New Zealand’s system, meaning no physical oil supply will be directly released.
Tags: New Zealand International Energy Agency Shane Jones Strait of Hormuz oil tickets crude oil fuel security Middle East Ministry of Business Innovation and EmploymentNew Zealand Maintains Strong Fuel Stocks with 49 Days Supply Amid Global Uncertainty
2 days ago | 82 viewsNew Zealand currently maintains healthy fuel stocks, with about 49 days of petrol, diesel, and jet fuel supply available, including fuel in storage and shipments en route. The government is enhancing fuel data reporting and working closely with industry to monitor supply risks, ensuring readiness amid global uncertainties like the Strait of Hormuz closure. Authorities emphasize there is no need for fuel restrictions at this time, assuring the public that any changes will be communicated promptly with mitigation plans in place.
Tags: Nicola Willis Shane Jones New Zealand fuel stocks petrol diesel jet fuel Ministry of Business Innovation and Employment fuel security Strait of HormuzNew Zealand Welcomes Second Private Building Consent Authority to Boost Efficiency
2 weeks ago | 323 viewsNew Zealand has approved its second private Building Consent Authority (BCA), Farsight NZ Limited Partnership, to increase competition and capacity in the building consent system, aiming to reduce paperwork and speed up approvals. Farsight will manage key building control tasks for Summerset, a major residential builder, which will help alleviate pressure on council BCAs and improve consistency in applying the Building Code. All BCAs, including private ones, must meet strict accreditation and legal requirements to ensure strong consumer protections and efficient service delivery.
Tags: Chris Penk Farsight NZ Limited Partnership Building Consent Authority Building Consent Approvals Limited Summerset Ministry of Business Innovation and Employment Kāinga Ora International Accreditation New Zealand Building Code New ZealandNew Insights Reveal Why and How New Zealanders Travel Domestically in 2025
3 weeks ago | 223 viewsThe new Domestic Visitor Survey, conducted in late 2025, reveals that three in five New Zealanders took overnight trips and nearly half took day trips in the previous six months, with main motivations being visiting family and relaxation. Domestic tourism accounts for about 60% of New Zealand's tourism expenditure, making these insights crucial for industry planning and responding to travel trends, especially as international visitor numbers recover post-COVID. The survey highlights high trip satisfaction, common planning methods, and barriers like cost and weather, with further data releases planned to support ongoing tourism development.
Tags: Louise Upston New Zealand Domestic Visitor Survey Tourism Hospitality Verian Ministry of Business Innovation and Employment Tourism Evidence and Insights Centre Covid CensusKiwi Tradies Gain Easier Access to Thousands of Australian Plumbing Products
1 month ago | 239 viewsNew Zealand’s Ministry of Business, Innovation and Employment (MBIE) has expanded recognition of thousands of Australian WaterMark-certified plumbing and drainage products, simplifying their use by Kiwi tradies and homeowners. This change, enabled by the Overseas Building Products Amendment Bill, reduces red tape by allowing Building Consent Authorities to accept these products as compliant without individual assessments, improving supply chain resilience and lowering costs. MBIE plans to continue reviewing overseas products, enhancing access to essential building materials like plasterboard, cladding, windows, and doors to support housing affordability and construction efficiency.
Tags: Chris Penk Ministry of Business Innovation and Employment MBIE WaterMark Building Act Overseas Building Products Amendment Bill Building Consent Authorities New Zealand Australia tradiesSouth Taranaki Green Hydrogen Facility Begins Construction with $19.9M Funding
1 month ago | 292 viewsConstruction has begun on a sustainable green hydrogen facility in South Taranaki, supported by a $19.9 million government investment and additional co-funding, with a total project cost of up to $112.3 million. The facility will supply renewable electricity to Ballance Agri-Nutrients' Kapuni site and produce green hydrogen for emissions-free transport, creating around 50 construction jobs and seven permanent roles. This project, a partnership between multiple organizations, aims to boost the regional economy by integrating wind energy, renewable electricity, and zero-carbon hydrogen fuel production at scale.
Tags: Shane Jones Hiringa Energy Parininihi ki Waitōtara Todd Regional Development Minister Ministry of Business Innovation and Employment Provincial Growth Fund South Taranaki New ZealandGovernment Activates Temporary Accommodation Service for North Island Weather Victims
1 month ago | 314 viewsThe Government’s Temporary Accommodation Service (TAS) has been activated to support people displaced by recent severe weather in parts of the North Island. The Ministry of Business, Innovation and Employment is coordinating with emergency agencies, local councils, and communities to provide safe accommodation and additional support services, including social, mental health, and financial assistance. Those affected are encouraged to register for temporary accommodation through the TAS website or phone line, though registration numbers are not yet confirmed.
Tags: Tama Potaka Ministry of Business Innovation and Employment MBIE Temporary Accommodation Service Civil Defence Emergency Management National Emergency Management Agency Northland Coromandel Bay of Plenty TairāwhitiNew Zealand Allows Granny Flats Without Building or Resource Consents for Affordable Housing
2 months ago | 344 viewsNew Zealand has removed the need for building and resource consents for granny flats up to 70 square metres, simplifying the process and reducing costs by up to $5,650 and 14 weeks. This change, part of the Coalition Government’s housing reforms, aims to increase affordable and diverse housing options while boosting construction jobs and easing council workloads. Homeowners must ensure their granny flats meet Building Code standards and local council rules, with guidance and templates available from government websites.
Tags: Chris Bishop Shane Jones Chris Penk New Zealand Coalition Government RMA Reform Building Act National Direction Ministry of Business Innovation and Employment Ministry for the Environment$200M Gas Security Fund Opens Jan 12, 2026 to Boost NZ Natural Gas Supply
3 months ago | 428 viewsThe $200 million Gas Security Fund, opening on 12 January 2026, aims to increase natural gas availability in New Zealand by supporting projects that accelerate supply or enable storage for critical demand periods. Declining gas production is raising costs and hindering economic growth, making natural gas essential during the transition to renewable energy sources. A new gas advisory panel will provide expert guidance to ministers, ensuring informed decisions amid the complexities of gas exploration and market conditions.
Tags: Shane Jones Chris Bishop Gas Security Fund New Zealand natural gas Ministry of Business Innovation and Employment Kānoa Grow Regions gas exploration energy transitionNew Zealand Minimum Wage to Rise 2% to $23.95 from April 2026
3 months ago | 2731 viewsThe adult minimum wage in New Zealand will increase by 2% to $23.95 per hour from 1 April 2026, benefiting around 122,500 workers while balancing cost-of-living pressures and business costs. The government aims to moderate wage increases to address wage compression and support youth employment, with starting-out and training wages set at 80% of the adult rate. This change reflects the NZ First-National coalition’s commitment to responsible economic management, boosting incomes, and fostering job opportunities.
Tags: Brooke van Velden NZ First National coalition New Zealand minimum wage Workplace Relations and Safety youth unemployment wage compression Ministry of Business Innovation & Employment inflationNew Zealand and US Launch $5M Antarctic Science Partnership on Climate Change
3 months ago | 403 viewsNew Zealand and the United States are expanding their long-standing Antarctic science collaboration through three joint research projects funded with up to $5 million over five years, focusing on climate and ecosystem change. These projects aim to advance understanding of Antarctic groundwater flows, ecosystem monitoring via combined UAV and satellite systems, and the causes and impacts of rapid sea ice decline in the Ross Sea. Supported by a new Memorandum of Cooperation and coordinated field research in 2026/27, this partnership enhances scientific innovation and environmental management in Antarctica while strengthening New Zealand’s global research standing.
Tags: Shane Reti New Zealand United States Antarctic science University of Otago University of Waikato National Science Foundation Antarctica New Zealand Ministry of Business Innovation and Employment Earth Sciences NZNew Zealand and US Launch $5M Antarctic Science Partnership to Tackle Climate Change
3 months ago | 467 viewsNew Zealand and the United States are expanding their long-standing Antarctic science collaboration through three new joint research projects funded with up to $5 million over five years, focusing on climate and ecosystem changes. These projects aim to map Antarctic groundwater flows, monitor ecosystem changes using advanced aerial and satellite technology, and investigate the rapid decline of sea ice in the Ross Sea, contributing to the global Antarctica InSync initiative. Supported by a recent Memorandum of Cooperation and upcoming field research in 2026/27, this partnership enhances environmental understanding and innovation while strengthening New Zealand’s role in international Antarctic science.
Tags: Shane Reti New Zealand United States Antarctic science National Science Foundation University of Otago University of Waikato Antarctica New Zealand Ministry of Business Innovation and Employment Catalyst FundGovernment Introduces New Building Consent Reforms to Protect Owners and Boost Productivity
3 months ago | 365 viewsThe Government is reforming the building consent system by replacing joint and several liability with proportionate liability, ensuring each party is only responsible for their own work to speed up consents and protect ratepayers. New safeguards include mandatory professional indemnity insurance for designers, compulsory home warranties for most new residential builds and significant renovations, and strengthened disciplinary penalties for Licensed Building Practitioners. These measures aim to enhance accountability, protect building owners, and make the building process faster, easier, and more affordable, with legislative changes expected by 2026.
Tags: Chris Penk Licensed Building Practitioners Ministry of Business Innovation and Employment Building Amendment Bill New Zealand Government Building and Construction Minister Building Act Home warranty Professional indemnity insurance Building consent systemGovernment Reforms Building Research Funding to Boost Innovation and Cut Costs in NZ
4 months ago | 389 viewsThe Government is reforming building research funding by repealing the outdated Building Research Levy Act 1969 and consolidating research funding into the existing building levy under the Building Act 2024 to improve transparency, efficiency, and innovation. The new system will centrally manage funds with sector input, ring-fence research funding for long-term projects, and make funding contestable to broaden access for universities and industry organizations, while reducing costs for consent applicants. These changes aim to enhance accountability, support a more resilient building sector, and contribute to making building easier, more affordable, and supportive of economic growth in New Zealand.
Tags: Chris Penk Building Research Levy Act Building Research Association of New Zealand BRANZ Ministry of Business Innovation and Employment MBIE Building Act 2024 Building Amendment Bill Building Consent Authorities New Zealand GovernmentNew Zealand Launches Secure Digital Credential Platform for Government Agencies
4 months ago | 491 viewsNew Zealand company MATTR will develop a shared digital credential platform managed by the Department of Internal Affairs to enable government agencies to issue secure digital identities through a Government App. This initiative aims to simplify identity verification, reduce paperwork, enhance privacy and security, and improve convenience for users, with agencies like MBIE trialing the system for business credentials. By standardizing digital identity services across agencies, the government expects cost savings, greater efficiency, and a more consistent experience for citizens.
Tags: Judith Collins MATTR Department of Internal Affairs Ministry of Business Innovation and Employment New Zealand Government App digital credentials digital identity services New Zealand Business Number public sector