Articles tagged with Productivity
Kiwi Businesses Boost Productivity with $800M Gains from eInvoicing Adoption
3 weeks ago | 278 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 Manufacturing Leads Economic Growth with 1.9% Rise in Q1 2026
1 month ago | 394 viewsNew Zealand's manufacturing sector led economic growth in the March 2026 quarter, expanding 1.9 percent and significantly contributing to the country's 0.8 percent GDP growth. This growth was driven by innovative firms like Dawn Aerospace, Rocket Lab, and Fisher and Paykel Healthcare, reflecting strong productivity and forward orders. The government supports this sector through initiatives like the Investment Boost, aiming to enhance productivity and sustain manufacturing's role in New Zealand's economic recovery.
Tags: Cameron Brewer Dawn Aerospace Rocket Lab Fisher and Paykel Healthcare New Zealand Manufacturing GDP Small Business Advancing Manufacturing Aotearoa Manufacturing Productivity Advisory GroupNew Zealand Manufacturing Leads Economic Growth with 1.9% Rise in Q1 2026
1 month ago | 379 viewsNew Zealand's manufacturing sector led economic growth in the March 2026 quarter, expanding 1.9 percent and driving a 0.8 percent overall GDP increase, with strong performance in transport equipment and machinery manufacturing. Key firms like Dawn Aerospace, Rocket Lab, and Fisher and Paykel Healthcare are spearheading innovation and productivity, supported by government initiatives such as the Investment Boost to encourage capital investment. Manufacturing, contributing around 8 percent of GDP and employing over 220,000 people, is central to New Zealand's economic recovery and future growth strategy.
Tags: Cameron Brewer Dawn Aerospace Rocket Lab Fisher and Paykel Healthcare New Zealand Manufacturing Small Business Advancing Manufacturing Aotearoa Manufacturing Productivity Advisory Group Investment BoostGovernment Backs NZ Forestry Innovation with $8M Mass Timber Project Boost
1 month ago | 452 viewsThe New Zealand Government, led by Agriculture Minister Todd McClay, is investing $3.2 million in a project to develop prefabricated mass timber modules, aiming to boost forestry sector innovation, onshore processing, and job creation. This initiative supports land use flexibility, sustainable productivity, and shifting supply from export to domestic markets, enhancing value and stability for regional economies. The project will assess technical, economic, and environmental factors to encourage long-term investment and provide data to help farmers and growers innovate and grow their businesses.
Tags: Todd McClay New Zealand Government forestry sector Agriculture Minister VoMo Limited Red Stag Investments mass timber modules sustainable productivity regulatory reformGovernment Invests $143M to Boost NZ Food & Fibre Sector Productivity Through Innovation
1 month ago | 329 viewsPrime Minister Christopher Luxon and Agriculture Minister Todd McClay emphasize that New Zealand’s food and fibre sector, which accounts for over 80% of exports, requires increased productivity through innovation and greater land use flexibility. The Government is investing $143 million in six commercial projects across various sectors, partnering with industry to demonstrate how science, technology, and regulatory reform can drive growth while reducing environmental impact. A report from Lincoln University and ASB Bank projects that adopting these innovations and flexible land use could boost the economy by $10 billion within five to seven years.
Tags: Christopher Luxon Todd McClay New Zealand food and fibre sector agriculture innovation land use flexibility Government investment productivity Lincoln UniversityNew Zealand Government Issues AI Guidance to Boost Regulatory Efficiency and Productivity
2 months ago | 428 viewsThe New Zealand Government has issued guidance for regulators on using Artificial Intelligence (AI) to improve productivity and efficiency across the country's complex regulatory landscape. AI is expected to help regulators detect risks earlier, prioritize inspections, reduce administrative burdens, and analyze large datasets while maintaining human judgment in decision-making. This initiative aims to streamline government operations, reduce bureaucracy, and ensure taxpayer money is better spent on frontline services and economic growth.
Tags: David Seymour Artificial Intelligence AI guidance New Zealand government regulation productivity public service regulators Ministry for Regulation regulatory landscapeNZ Removes Regulatory Barriers to Boost Fuel Efficiency and Support Zero-Emission Vehicles
2 months ago | 497 viewsNew Zealand is removing regulatory barriers to help businesses and communities better manage global fuel shocks, with permanent changes allowing heavier zero-emissions vehicles and reducing permit requirements for certain heavy vehicles to improve freight efficiency. Additional measures, such as relaxing access restrictions for over-dimension vehicles and temporarily increasing weight limits for high productivity motor vehicles, are planned for implementation in later phases of the Government’s National Fuel Response Plan. These steps aim to enhance fuel savings and productivity while balancing safety and network impacts, mitigating the effects of rising fuel prices on households and businesses.
Tags: David Seymour Chris Bishop New Zealand fuel supply regulatory barriers High Productivity Motor Vehicles National Fuel Response Plan fuel efficiency transport regulationGovernment Overhauls Public Service to Boost Productivity and Save $2.4 Billion
2 months ago | 417 viewsThe New Zealand Government is undertaking a major public service overhaul to reduce the number of agencies, enhance digitisation including AI use, and restore public service numbers to historic levels, aiming to deliver $2.4 billion in savings over four years. This reform seeks to shift resources from administrative growth to frontline services, improve productivity, and provide better, more connected public services that avoid duplication and outdated processes. Savings from these changes will be reinvested in health, education, infrastructure, defence, and police, with progress monitored to ensure efficiency and value for money.
Tags: Nicola Willis Paul Goldsmith New Zealand public service government overhaul digitisation AI productivity public sector budget savingsNew Free Mental Health Toolkit Boosts Workplace Productivity for Businesses
2 months ago | 442 viewsMental Health Minister Matt Doocey launched a free Business Mental Health Toolkit to help small and medium-sized businesses improve workplace productivity by addressing mental health. The toolkit offers confidential support through the Groov app, 24/7 counselling via text or call, and in-person services, aiming to reduce barriers like cost associated with Employee Assistance Programmes. This initiative is part of the Government’s broader mental health plan to enhance access to support, increase frontline workers, and improve crisis response.
Tags: mental health workplace productivity Matt Doocey Employee Assistance Programmes EAP Groov app mental health toolkit Access and Choice mental health supportOpen Banking Expands to Business Banking, Boosting Productivity and Growth
4 months ago | 631 viewsOpen Banking will be expanded to business banking channels, enabling businesses to share banking data with trusted providers to access faster loan comparisons, automated accounting, and improved cashflow management. This initiative aims to save businesses time on administrative tasks, boost competition, and enhance productivity, particularly benefiting small businesses by providing clearer financial insights and reducing manual work. While large corporates are exempt due to limited demand, the government prioritizes Open Banking as a key tool to support small business growth and efficiency.
Tags: Scott Simpson Chris Penk Open Banking business banking fintech small businesses loan comparisons automated accounting cash flow productivityGovernment Investment Boost Drives Early, Larger Investments and Economic Growth
5 months ago | 882 viewsThe Government’s Investment Boost is effectively encouraging firms to increase, accelerate, and scale up their investments, thereby enhancing productivity and economic growth. Survey data shows that a significant portion of companies have raised their investment spending and shifted toward productivity-enhancing assets due to the policy, with Inland Revenue modeling indicating a reduction in the effective marginal tax rate on new capital investment. These positive impacts align with projections of GDP, wage, and capital stock growth over the next 20 years, demonstrating the importance of stable, supportive tax policy for long-term economic development.
Tags: Nicola Willis Investment Boost Inland Revenue New Zealand Economic Growth United Machinists Foot Science International Vynco Government Policy ProductivityGovernment $950K Loan Boosts Māori Farmland Productivity and Regional Growth
6 months ago | 1010 viewsThe Government is providing a $950,000 loan through the Regional Infrastructure Fund to the Omuturangi 6E & 7A Ahu Whenua Trust to upgrade farmland infrastructure near Hāwera, enabling increased milking capacity and a 25% boost in milk production. This investment aims to create jobs, support regional growth, and help the trust transition from passive leasing to active farm management while training its people in commercial farming. Without the loan, the land would have reverted to less-productive grazing, but the project will benefit both the trust’s owners and the wider local economy, with construction starting soon.
Tags: Mark Patterson Tama Potaka Omuturangi 6E & 7A Ahu Whenua Trust Māori trust Regional Infrastructure Fund Hāwera Māori Development Minister Rural Communities Minister farmland productivity dairy farmingNew Overseas Investment Law Speeds Approvals and Boosts NZ Economic Growth
7 months ago | 1064 viewsAssociate Finance Minister David Seymour welcomes the Overseas Investment Amendment Act, which accelerates overseas investment decisions to 15 working days for most sectors, aiming to boost New Zealand business growth, productivity, and wages. The law simplifies the screening process with a modified national interest test, maintains stricter rules for sensitive assets like farmland and residential land, and allows overseas investors with a New Zealand investor resident visa to purchase high-value homes to encourage investment. Immigration Minister Erica Stanford highlights that attracting international investors brings capital, skills, and connections vital for economic development and growth.
Tags: David Seymour Erica Stanford Overseas Investment Act New Zealand LINZ Active Investor Plus immigration foreign investment economic growth productivityNew Zealand Parliament Passes Land Transport Bill for Time-of-Use Charging to Combat Congestion
8 months ago | 850 viewsThe Land Transport Management (Time of Use Charging) Amendment Bill has passed in Parliament, aiming to reduce congestion and improve travel times in New Zealand. Time-of-use charging encourages off-peak travel to keep cities moving efficiently. The legislation allows local authorities to partner with NZTA on targeted schemes to ease gridlock and support economic growth, with Auckland likely to be the first to implement such measures.
Tags: Chris Bishop New Zealand Transport Agency Auckland Council congestion productivity travel times Auckland congestion.Driving Economic Growth: 3 Initiatives to Enhance Freight System
10 months ago | 958 viewsTransport Minister Chris Bishop highlights the importance of the freight system in driving New Zealand's economy and supporting job growth. To address the increasing demand for freight services due to population growth, the government is implementing three key initiatives: launching an Action Plan for Freight, updating the National Freight Demand Study, and establishing a Freight Advisory Council. These initiatives aim to enhance the efficiency and safety of the freight system by maximizing economic value, improving data-driven decision-making, and providing strategic insights and advice to support economic growth.
Tags: Transport Minister Chris Bishop freight system economic growth productivity resilience safety Action Plan for Freight National Freight Demand Study Freight Advisory Council