Articles tagged with Restrictions
New Zealand Parliament Passes Legislation to Scrap Advertising Restrictions, Boosting Local Media Revenue
4 hours ago | 19 viewsLegislation passing third reading in Parliament today will eliminate advertising restrictions for broadcasters on Sundays and public holidays, according to Media Minister Paul Goldsmith. The aim is to ensure local media companies are not disadvantaged compared to digital streaming platforms. The change is expected to generate around $6 million annually and is seen as necessary due to the increasing popularity of streaming services like YouTube in New Zealand.
Tags: advertising restrictions broadcasters Sundays public holidays legislation Parliament Media Minister Paul Goldsmith local media companiesReserve Bank Eases Lending Restrictions for First Home Buyers, Finance Minister Welcomes Move
7 hours ago | 77 viewsFinance Minister Nicola Willis has praised the Reserve Bank's plan to relax lending restrictions, aiming to assist first home buyers in achieving home ownership. The Reserve Bank is considering increasing the limit on new lending to owner-occupiers with less than a 20% deposit to 25%, potentially aiding more first-time buyers. Additionally, the proposal includes raising the amount banks can lend to residential property investors with deposits under 30% from 5% to 10%, following the introduction of debt-to-income restrictions to enhance banking system resilience.
Tags: Finance Minister Nicola Willis Reserve Bank lending restrictions first home buyers property ladder Kiwis loan to value DTI restrictions banking system