Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Trans-Tasman moves endorsed


Trans-Tasman moves endorsed


The Australia New Zealand Leadership Forum welcomes the deepening of trans-Tasman relations following a joint meeting of Australian and New Zealand Cabinet Ministers in Sydney today.

New Zealand ANZLF Chair Andrew Thorburn commended Australia’s invitation for New Zealand to be represented on the leadership team for the B20 meeting in Australia later this year.

“Australia’s B20 Presidency will bring a focus on enterprise, investment and trade and New Zealand will be keen to contribute to its deliberations,” Mr Thorburn said.

New Zealand ANZLF organiser Phil O’Reilly said the Australasia Business Week event prior to the B20 summit would showcase innovative New Zealand and Australian business.

“Business in both countries and joint undertakings where Australian and New Zealand enterprises do business together will be a highlight of this international forum,” Mr O’Reilly said.

The Australia New Zealand Leadership Forum noted the Prime Ministers’ support for the joint work by the Productivity Commissions of both Australia and New Zealand, aimed at improving productivity and the environment for business in both countries.

“It will be important for the recommendations of the joint productivity report to be implemented, and business looks forward to contributing to this process,” Mr O’Reilly said.

ANZLF also congratulated the Australian Prime Minister for taking up the issue of mutual recognition of imputation credits as part of a wider review of tax policy in Australia.

Mr Thorburn said the current lack of mutual recognition of imputation credits was a barrier to trans-Tasman business and resolution of this issue was a top priority.

“New Zealand and Australian business will want to see recommendations for mutual recognition become a reality,” he said.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Fruitful Endeavours: Kiwifruit Exports Reach Record Levels

In June 2016, kiwifruit exports rose $105 million (47 percent) from June 2015 to reach $331 million, Statistics New Zealand said today. Overall, goods exports rose $109 million (2.6 percent) in June 2016 (to $4.3 billion). More>>

ALSO:

Economic Update: RBNZ Says Rate Cut Seems Likely

The Reserve Bank will likely cut interest rates further as a persistently strong kiwi dollar makes it difficult for the bank to meet its inflation target, it said. The local currency fell. More>>

ALSO:

House Price Action Plan: RBNZ Signals National Lending Restrictions

The central bank wants to cap bank lending to property investors with a deposit of less than 40 percent at 5 percent and restore the 10 percent limit for owner-occupiers wanting to take out a mortgage with a deposit of less than 20 percent, according to a consultation paper released today. More>>

ALSO:

Sparks Fly: Gordon Campbell On China Steel Dumping Allegations

No doubt, officials on the China desk at MFAT have prided themselves on fashioning a niche position for New Zealand right in between the US and China – and leveraging off both of them! Well, as the Aussies would say, of MFAT: tell ‘em they’re dreaming. More>>

ALSO:

Loan Sharks: Finance Companies Found Guilty Of Breaching Fair Trading Act

Finance companies Budget Loans and Evolution Finance, run by former 1980s corporate high-flyer Allan Hawkins, have been found guilty of 106 charges of breaching the Fair Trading Act for misleading 21 borrowers while enforcing loan contracts. More>>

ALSO:

Post Panama Papers: Govt To Adopt Shewan's Foreign Trust Recommendations

The government will adopt all of the recommendations from former PwC chairman John Shewan to increase disclosure and introduce a register for foreign trusts with new legislation to be introduced next month. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news