Articles tagged with Money
Andrew Wilson Joins Board of Guardians of NZ Super Fund
2 weeks ago | 116 viewsAndrew Wilson, a former investment banker with extensive experience in global markets, has been appointed to the Board of the Guardians of New Zealand Superannuation, overseeing the $85 billion Superannuation Fund. Prior to this role, Wilson held key positions at institutions like the Reserve Bank of New Zealand, Bank of England, and Goldman Sachs Asset Management. Acting Finance Minister Chris Bishop highlighted Wilson's valuable expertise in investment management and global markets, emphasizing his potential to make a significant impact on the Guardians' work. Wilson's official appointment to the Board is scheduled to commence on 20 October.
Tags: Andrew Wilson Chris Bishop Investment banker Guardians of New Zealand Superannuation Reserve Bank of New Zealand Bank of England Rothschild Asset Management Goldman Sachs Asset Management Fixed Income Currency & Money MarketsGovernment's Efficient School Property Investment: $100M for New Classrooms
2 weeks ago | 114 viewsThe Government's focus on efficiency in school property has freed up $100 million for reinvestment in new classrooms. By utilizing offsite manufacturing and repeatable designs, the cost of delivering new classrooms has been halved. This investment includes new classrooms and learning support spaces in various schools, as well as funding for repairs and upgrades in schools nationwide.
Tags: Erica Stanford Education Minister school property classrooms new school learning support classrooms infrastructure efficiency value for money fundingNew Zealand Boosts Local Businesses with Procurement Rule Changes
3 weeks ago | 164 viewsChanges to government procurement rules in New Zealand aim to give local businesses a better chance at winning contracts by introducing an economic benefit test, effective from 1 December. These new rules, resulting from feedback received during consultation, include simplifying processes, reducing the number of rules, and emphasizing the economic value and job creation for Kiwis. The changes are designed to make it easier for both local and international businesses to compete for government contracts while upholding international trade commitments and ensuring responsible use of taxpayer money.
Tags: New Zealand Government contracts Economic Growth Minister Nicola Willis procurement rules businesses economic benefit test Kiwi businesses taxpayer money international companiesGovernment’s Centralized Digital Investment Strategy to Save Billions and Enhance Public Services
1 month ago | 267 viewsThe Government announced a shift in digital investment and procurement in the public sector, aiming to save up to $3.9 billion in the next five years. The Government Chief Digital Officer (GCDO) will lead decision-making for digital investments, potentially saving 30% of the projected $13 billion technology spend. The goal is to transition to a citizen-focused, digital-first public service model, improving efficiency and providing better digital services while maintaining traditional service options.
Tags: Judith Collins Government Chief Digital Officer digital investment procurement public sector New Zealanders technology spend taxpayer money public servicesPublic Service Amendment Bill: Enhancing Efficiency and Accountability for Taxpayers
3 months ago | 751 viewsLegislation for public service overhaul emphasizing value for taxpayers has passed first reading, led by Public Service Minister Judith Collins. The Public Service Amendment Bill aims to enhance public service performance by clarifying its purpose and chief executives' responsibilities. The bill reinforces merit-based appointments, increases chief executives' accountability, and ensures a competitive selection process, maintaining political neutrality and professional standards for better taxpayer outcomes.
Tags: Legislation public service value for money taxpayers Judith Collins performance chief executives accountability political neutralityNew Zealand Bans Surcharges to Save Millions: Commerce Minister's Decision
3 months ago | 1471 viewsCommerce and Consumer Affairs Minister Scott Simpson announced the axing of surcharges to benefit New Zealanders financially. The move aims to eliminate the hassle and unexpected costs shoppers face at the checkout. By banning surcharges for in-store payments by May 2026, consumers can shop confidently without being penalized for their payment method choice.
Tags: surcharges money Kiwis Commerce and Consumer Affairs Minister Scott Simpson New Zealanders ban payments fees Commerce Commission