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FBT interest rate for low interest loans drops

Tuesday, 27 November 2001, 9:06 am
Press Release: New Zealand Government

26 November 2001 Media Statement

The prescribed rate of interest used to calculate fringe benefit tax for low-interest, employment-related loans has dropped from 7.69 percent to 7.19 percent, Revenue Minister Michael Cullen announced today.

The new rate applies from the quarter beginning 1 October 2001.

The rate is reviewed regularly to ensure it is in line with the results of the Reserve Bank's regular survey of first mortgage interest rates.

ENDS

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Gordon Campbell: On the Sony cyber attack

Given the layers of meta-irony involved, the saga of the Sony cyber attack seemed at the outset more like a snarky European art film than a popcorn entry at the multiplex.

Yet now with (a) President Barack Obama weighing in on the side of artistic freedom and calling for the US to make a ‘proportionate response’quickly followed by (b) North Korea’s entire Internet service going down, and with both these events being followed by (c) Sony deciding to backtrack and release The Interview film that had made it a target for the dastardly North Koreans in the first place, then ay caramba…the whole world will now be watching how this affair pans out. More>>

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Parliament Adjourns:

Weekly Audio - Final Shots Traded as Parliament Rises - 2014 Adjournment Debate Highlights - PODCAST: The Week in Review

Greens: CAA Airport Door Report Conflicts With Brownlee’s Claims

The heavily redacted report into the incident shows conflicting versions of events as told by Gerry Brownlee and the Christchurch airport security staff. The report disputes Brownlee’s claim that he was allowed through, and states that he instead pushed his way through. More>>

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Labour - Gerry Brownlee’s revolving airport door story

Earlier:

Civil Aviation Authority - CAA fines Minister for security breach
NZ Govt - Gerry Brownlee: Statement on CAA findings

TAIC: Final Report On Grounding Of MV Rena

Factors that directly contributed to the grounding included the crew:
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Gordon Campbell:
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Werewolf Satire:
The Politician’s Song

am a perfect picture of the modern politic-i-an:
I don’t precisely have a plan so much as an ambition;
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And when in doubt attack someone who already is a victim More>>

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Werewolf Issue 52

Flight: Review Into Phillip Smith’s Escape Submitted To Government

The review follows an earlier operational review by the Department of Corrections and interim measures put in place by the Department shortly after prisoner Smith’s escape, and will inform the Government Inquiry currently underway. More>>

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The report of the Ministerial Forum on Alcohol Advertising and Sponsorship has been released today, with Ministers noting that further work will be required on the feasibility and impact of the proposals. More>>

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Association of NZ Advertisers - Alcohol advertising and sponsorship bans an extreme position
University of Canterbury - Canterbury Police disappointed at drink driving levels

Other Report:

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Leaked Cabinet papers that show that Government has been advised to cut the health budget by around $200 million is ringing alarm bells throughout the nursing and midwifery community. More>>