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Latest Business Headlines [Page 2]

COVID-19 And Tax Matters - Guidance For Businesses And Tax Agents

Tuesday, 31 March 2020, 12:36 pm | Inland Revenue Department

Inland Revenue will write-off any penalties and interest for businesses unable to pay taxes on time due to the impact of COVID-19. Don’t worry about contacting us right now. Get in touch with us when you can. We’re working hard to provide essential ... More >>

The Three Phases Of Doing Business Through COVD-19

Tuesday, 31 March 2020, 12:18 pm | Frog Recruitment

Employment experts predict boredom to come After the initial panic, New Zealand businesses have done what they do best; adapted their offerings in the face of the life-changing Covid-19 outbreak. But what will follow? Boredom, says two of New Zealand’s ... More >>

South Pacific Scaffolding Ltd - A Stellar Safety Record Going Back Over 25 Years

Tuesday, 31 March 2020, 12:08 pm | South Pacific Scaffolding

Over the last decade, there has been a boom in construction projects across Auckland. Our ever-expanding cityscape and the increasing demand for housing has seen suburbs and city blocks appear seemingly overnight. This high turnover of new developments ... More >>

Everything Landlords Need To Know About The Upcoming “Healthy Home Heating Standards”

Tuesday, 31 March 2020, 12:04 pm | Varcoe

There are major changes on the horizon for all landlords in regards to heating their rental properties. What exactly are these regulations, and what are your obligations as a landlord to ensure that your rental property is compliant? Over the next few ... More >>

Vodafone NZ Urges Customers To Be Even More Security-aware During COVID-19 Pandemic

Tuesday, 31 March 2020, 11:59 am | Vodafone

With online fraud on the rise as scammers look to exploit COVID-19 concerns, Vodafone is urging its customers to be even more vigilant on digital channels as internet use increases by 20-50% during Level 4 lockdown. More >>

IAG establishes specialist Customer Care Team

Tuesday, 31 March 2020, 11:50 am | IAG New Zealand

IAG is strengthening its commitment to being there for customers as the coronavirus (COVID-19) continues to spread, and impact families, communities and businesses. More >>

E Tū Tells Air NZ To ‘take A Breather’ And Delay Redundancies

Tuesday, 31 March 2020, 11:42 am | E Tu

E tū is not convinced that Air New Zealand need to lay off as many people as quickly as they have proposed. Last night, Air New Zealand told staff, including over 5,000 E tū members, that up to 3,500 people would lose their jobs in the next couple of ... More >>

Fair Insurance Code Helps To Improve Accessibility And Understanding Of Insurance

Tuesday, 31 March 2020, 11:30 am | Insurance Council of New Zealand

The Insurance Council of New Zealand (ICNZ) has today launched its revised Fair Insurance Code which encourages good conduct and professionalism in the insurance industry and describes how the relationship between insurers and their customers ... More >>

Home Building Plans Near 38,000 A Year

Tuesday, 31 March 2020, 11:17 am | Statistics New Zealand

The annual number of new homes consented was 37,882 for the year ended February 2020, the highest since the mid-1970s, Stats NZ said today. The number of new homes consented was up 3,620 from the same period in 2019, a rise of 11 percent. “The ... More >>

Home Support Workers Awaiting COVID-19 Test Results

Tuesday, 31 March 2020, 11:07 am | E Tu

Two groups home support workers may have been exposed to COVID-19 and are in self-isolation, as the family member of a client, who lives with the client, awaits test results. E tū understands that up to seven home support workers may have been exposed. One ... More >>

Essential? Here’s What Workers Deserve If A Business Wants To Stay Open

Tuesday, 31 March 2020, 11:02 am | FIRST Union

With the possibility of further relaxation to the criteria of businesses considered ‘essential’ and permitted to operate during the nationwide Covid-19 lockdown, FIRST Union is today providing a checklist of minimum working conditions and entitlements ... More >>

Welcoming Interim WTO Arbitration System

Tuesday, 31 March 2020, 10:12 am | NZ International Business Forum

“Ensuring effective arbitration of trade disputes is a vital component of the international trade system”, says NZIBF Chair, Malcolm Bailey. Mr Bailey was reacting to news that New Zealand has joined 15 other members [1] of the World Trade Organisation ... More >>

Nicole McKee Named NZ Communicator Of The Year

Tuesday, 31 March 2020, 9:50 am | BlacklandPR

Nicole McKee, spokesperson for the Council of Licensed Firearm Owners, has been named 2020 Communicator of the Year for the way she presented her members’ case on the contentious issue of firearms law. Nicole’s passionate yet cordial presentation ... More >>

Kiwi Industry Doyen Backs Trade “lift” Into Germany

Tuesday, 31 March 2020, 9:39 am | German-New Zealand Chamber of Commerce

Gallagher Group CEO and kiwi captain of industry Sir William Gallagher has thrown his entrepreneurial weight behind a push for increasing kiwi exports into Germany – at a time when the economy is under pressure through the impact of COVID-19 on ... More >>

Property Brokers Responds To RNZ Rent Holiday Story

Tuesday, 31 March 2020, 9:33 am | Property Brokers

Property Brokers is working with its clients and tenants during the Covid-19 lockdown to ensure that all cases are dealt with in a compassionate way. A RNZ story yesterday claiming that Property Brokers advised landlords not to offer rent holidays is untrue. ... More >>

Electricity Bills Expected To Reduce For Powerco And Wellington Electricity Consumers

Tuesday, 31 March 2020, 9:18 am | Commerce Commission

Electricity bills for consumers of two electricity lines companies in the North Island are expected to reduce from 1 April as a result of a downward adjustment to Powerco and Wellington Electricity’s allowable revenues. The reason for the amendment ... More >>

Government's Messaging On Supermarket Competition Is Inconsistent

Tuesday, 31 March 2020, 9:15 am | Consumers' Union of Aotearoa

The Consumers' Union of Aotearoa issued a challenge on 29 March 2020 against Kris Faafoi's ministerial press statement which instructed the Commerce Commission to relax its standards for supermarkets and telecommunications companies. You can read ... More >>

Financial Adviser Martin Hawes To Offer Free Advice Via Webinar

Tuesday, 31 March 2020, 9:10 am | Martin Hawes

I have never known a time when people were so thirsty for financial advice. This crisis has hit KiwiSaver accounts and this has many people wondering what to do. There will be other effects, wide and deep. In lockdown, I have found myself thinking ... More >>

KiwiSaver Members Urged To Use Hardship Withdrawals As A Last Resort

Tuesday, 31 March 2020, 9:04 am | Financial Markets Authority

KiwiSaver members under financial stress due to the effects of COVID-19 are urged to consider all forms of Government and bank support before resorting to withdrawing money from their retirement savings through hardship applications. Retirement Commissioner ... More >>

United Fresh Urges Kiwis To Eat More Fresh Produce And To Wash It First

Monday, 30 March 2020, 5:40 pm | United Fresh

Auckland, Monday 30th March 2020: New Zealanders can safely purchase fresh fruit and vegetables during COVID-19 and our country’s only pan-produce organisation that represents the entire value-chain, United Fresh, is reminding Kiwis to wash ... More >>

MTA Welcomes Clarity About WOF And Repairs During Lockdown

Monday, 30 March 2020, 5:04 pm | Motor Trade Association

The Motor Trade Association has welcomed the Ministry of Transport’s clarification on vehicle repairs and WOFs during the Coronavirus lockdown. “The Ministry has confirmed automotive repair workshops are essential businesses when they operate ... More >>

Healthy Food And Animals - Just What We Need

Monday, 30 March 2020, 5:03 pm | Agcarm

    The New Zealand public can be assured that the supply of healthy food is secure - aided by farmers, growers and vets having the supplies of animal medicine and crop protection products that they need. Agcarm chief executive Mark ... More >>

Public To Be Able To Access Essential Goods During Shutdown

Monday, 30 March 2020, 4:39 pm | Ministry of Business Innovation and Employment

The Ministry of Business, Innovation and Employment has issued the following statement today: The Government has decided that the sale of essential goods such as heaters, whiteware and computers will be allowed - in recognition of the need for people to ... More >>

Rental Increase Freeze Not A Rent Freeze

Monday, 30 March 2020, 4:32 pm | NZPIF

The NZ Property Investors’ Federation (NZPIF) is concerned that many tenants have mistaken the Government announcement banning rent increases as a freeze on having to pay rent. “We have heard from many members that their tenants have contacted ... More >>

Award-winning art deco butchers building goes up for sale

Monday, 30 March 2020, 4:21 pm | Bayleys

An award-winning central Napier retail premises which won high praise for its architectural integrity following a major structural restoration project has been placed on market for sale. More >>

New Zealand Insurers Agree To Sector Wide Pledge To Support Customers During Covid-19 Crisis

Monday, 30 March 2020, 3:12 pm | Insurance Council of New Zealand

The Insurance Council of New Zealand (ICNZ) and its members have announced a set of core principles they have each pledged to use to guide their individual response to support their customers and suppliers during the Covid-19 crisis. Tim Grafton, ... More >>

Mahi Tahi: Working Together To Ensure Cash-flow And Confidence

Monday, 30 March 2020, 2:44 pm | The Reserve Bank of New Zealand

Te Pūtea Matua – the Reserve Bank of New Zealand - is working closely with the whole of government and industry to ensure financial stability. “In these difficult times we are working to ensure New Zealanders are confident in their financial system, ... More >>

EQC Media Statement On Tower

Monday, 30 March 2020, 2:28 pm | Earthquake Commission

EQC Chief Executive Sid Miller confirmed that EQC was aware that Tower is filing proceedings, seeking $80m from EQC. “We have been working bi-laterally with each of the major insurers, including Tower, and their experts on the matter for some ... More >>

Reviewboost NZ Waiving All Fees During Coronavirus Lockdown

Monday, 30 March 2020, 12:45 pm | Reviewboost

The coronavirus pandemic has affected families and businesses across the whole of New Zealand, and even more so now that the country is in a level 4 lockdown. The lockdown means that all non-essential businesses must be closed and people are encouraged ... More >>

Kiwi Company To Turn On The Power For Remote Tongan Islands

Monday, 30 March 2020, 12:30 pm | Infratec

New Zealand renewable energy company Infratec and sister-company NETcon have won a joint bid to deliver solar powered electricity networks for remote outer islands in Tonga. The project will bring affordable, reliable, and clean energy to the 1000 ... More >>

Waikato Berry Grower To Pay $76K For Labour Law Breaches

Monday, 30 March 2020, 10:48 am | Ministry of Business Innovation and Employment

Olde Berry Farm Limited and its director were ordered by the Employment Relations Authority (ERA) to pay $76,532 for employment law breaches uncovered by the Labour Inspectorate. The business was ordered to pay $50,000 in penalties and $16,532 in ... More >>

COVID-19 Grief Resource for bereaved families and whānau

Monday, 30 March 2020, 9:43 am | Funeral Directors Assn of NZ

The Funeral Directors Association of New Zealand (FDANZ) has today posted on its website a COVID-19 Grief Resource information sheet to support bereaved families, whānau and friends who are extremely distressed that, at this time, no funerals, ... More >>

Tower Insurance takes EQC to court over building claims

Monday, 30 March 2020, 9:24 am | Tower Insurance

Tower Insurance (Tower) today advised it has lodged formal proceedings against the EQC for the recovery of money owed to Tower for rectifying building issues on EQC’s behalf. More >>

2020 Southland-Otago Dairy Industry Awards Winners Announced

Monday, 30 March 2020, 9:07 am | NZ Dairy Industry Awards

The winners of the 2020 Southland-Otago Dairy Industry Awards Share Farmer of the Year category believe diversification and their excellent staff team are two major strengths of their successful business. More >>

Call For Collaboration And Alignment

Monday, 30 March 2020, 8:24 am | Economic Development NZ

A virtual meeting of economic development practitioners from across the regions of New Zealand has reinforced the need for alignment of effort between regions and among local, regional and central agencies in the face of COVID-19. Initiated by ... More >>

Corporate Facility Another Step To Support Market Functioning

Monday, 30 March 2020, 8:22 am | The Reserve Bank of New Zealand

The Reserve Bank is deploying another tool to provide additional liquidity to the corporate sector, and support smooth market functioning. A new weekly Open Market Operation (OMO) will provide liquidity in exchange for eligible Corporate and Asset-Backed ... More >>

RBNZ Survey: Experts Say Stimulus Package Not Enough To Help Economy

Monday, 30 March 2020, 8:21 am | Finder

30 March, 2020, New Zealand – As New Zealand enters day five of a month-long compulsory shutdown, experts are unanimous in their view that a recession is now highly likely. In the latest Finder RBNZ Official Cash Rate Survey , nine experts and economists ... More >>

Essential Services Safely Provided At Port Nelson

Sunday, 29 March 2020, 5:00 pm | Port Nelson Ltd

Under the State of Emergency declared by the government, Port Nelson is classed as an essential service and the port infrastructure is classed as critical infrastructure to continue current and future operations. As an ‘ essential service’ , the port ... More >>

Budgeting Expert Says Vulnerable People Suffering From Countdown Removing Regular Specials

Sunday, 29 March 2020, 4:22 pm | Creating Wealth NZ

Budgeting Expert Jennifer McIvor says anecdotal feedback from her followers overwhelmingly supports the fact that Countdown’s decision to remove the regular specials during the Covid-19 lockdown in New Zealand is causing vulnerable people to suffer. Jennifer ... More >>

Home Support Workers May Refuse Unsafe Work If PPE Not Provided

Sunday, 29 March 2020, 4:06 pm | PSA

Home support workers say they are scared to go to work because without adequate supplies of personal protective equipment they risk spreading Covid-19 to their clients. The Public Service Association represents workers in the sector, and while the union ... More >>

Business Trust Marlborough Urges Business Owners To Seek Help

Sunday, 29 March 2020, 3:37 pm | Business Trust Marlborough

Business Trust Marlborough is urging local businesspeople to take up the Government’s offer of assistance. Business Trust Marlborough manager Brian Dawson says Business Trust Marlborough is keen to talk to business owners to ensure they are accessing ... More >>

COVID-19: Breaches Of Work Rights Will Be Logged With Unions

Sunday, 29 March 2020, 12:58 pm | New Zealand Council of Trade Unions

The Council of Trade Unions has today launched an online tool for working Kiwis to identify employers who aren’t doing the right thing during the COVID-19 period. CTU President Richard Wagstaff is concerned that some employers are not following ... More >>

Summary Of Exemptions From The Takeovers Code To Address COVID-19 Impact

Saturday, 28 March 2020, 6:16 pm | Takeovers Panel

On 26 March 2020, the Takeovers Panel announced that it had approved the granting of a suite of temporary class exemptions from the Takeovers Code that are aimed at assisting Code companies in raising capital. These exemptions will apply to capital ... More >>

Business Must Pass On Full Wage Subsidies, Extra Measures Applauded

Saturday, 28 March 2020, 3:44 pm | BusinessNZ

The Wellington Chamber of Commerce and Business Central is echoing the Government’s call for employers to ensure they pass on the wage subsidies to all their employees. "The vast majority of businesses will be doing the right thing and passing on ... More >>

Mitre 10 MEGA Pitches In To Help Out Wellington Night Shelter

Saturday, 28 March 2020, 12:13 pm | Mitre 10

Communal living in the Wellington Night Shelter has just been made safer for its regular residents who need to be in self-isolation – thanks to a mega helping hand from local businesses. The communal set-up at the Wellington Night Shelter meant ... More >>

BNZ Home Loan Deferments Applications Available Now

Saturday, 28 March 2020, 11:23 am | BNZ

Bank of New Zealand (BNZ) has announced today it is ready to accept applications for home loan repayment deferment from its customers. The scheme, announced yesterday by Finance Minister Grant Robertson, has been developed in conjunction with the Government, ... More >>

EMA Applauds Extra Measures To Keep People In Work

Friday, 27 March 2020, 7:00 pm | EMA

The Employers and Manufacturers Association (EMA) says the extra measures to keep people in work will be a huge relief to businesses across New Zealand, and have saved jobs. Chief Executive Brett O’Riley said the Government’s most recent announcement ... More >>

NZ Post Asks All Kiwis To Please Strictly Respect The 2 Metre Rule With Posties And Couriers

Friday, 27 March 2020, 5:21 pm | New Zealand Post

As an essential service for New Zealanders, NZ Post’s first priority during the level 4 lockdown is the health, safety, support and wellbeing of our people. NZ Post Chief Executive, David Walsh says, “One issue that has come to the foreground in ... More >>

Advice On Tenants Moving Properties During COVID-19 Lockdown

Friday, 27 March 2020, 4:57 pm | Ministry of Business Innovation and Employment

“If parties must move in extreme circumstances, they must exercise extreme caution, follow Ministry of Health guidelines and follow the Alert System when moving,” says Tenancy Services Information and Education Manager Jennifer Sykes. “If parties ... More >>

Non-profit Institutions Spend More On Paying Employees

Friday, 27 March 2020, 4:33 pm | Statistics New Zealand

Salaries and wages (known as compensation of employees) paid by non-profit institutions (NPIs) are increasing faster than the value of the volunteer labour they receive, Stats NZ said today. “NPIs paid 38 percent more to their employees in 2018 than ... More >>

Employers Urged To Act In Good Faith During COVID-19 Crisis

Friday, 27 March 2020, 4:12 pm | Human Rights Council

Equal Employment Opportunities and Women’s Rights Commissioner Saunoamaali’i Karanina Sumeo has called on employers to act in good faith when accessing available schemes by the Government. Concerns have been raised by unions that some employers ... More >>

Statement Of Issues Released For Mylan N.V./Upjohn Inc. Clearance Application

Friday, 27 March 2020, 4:04 pm | Commerce Commission

The Commerce Commission has published a Statement of Issues relating to an application from Mylan N.V. (Mylan) and Upjohn Inc. (Upjohn) seeking clearance to merge their global pharmaceutical businesses. The Statement of Issues outlines the Commission’s ... More >>

BNZ Supports Over 70s With Dedicated Phone Team

Friday, 27 March 2020, 3:54 pm | BNZ

Bank of New Zealand (BNZ) announced today it is supporting customers over the age of 70 with a dedicated phone support team offering shorter wait times and specialised service. BNZ Chief Customer Officer, Paul Carter, says, “This is another way we’re ... More >>

New Zealand Air Traffic Controllers Volunteer To Defer Pay Increase

Friday, 27 March 2020, 3:51 pm | Airways New Zealand

Airways New Zealand has accepted an offer from its air traffic controllers to defer a planned pay increase in response to the COVID-19 outbreak and its impact on the aviation sector. New Zealand’s 371 air traffic controllers were due to receive ... More >>

Stokes Valley Entry-level Investment Retail Plus Surplus Land Placed On The Market For Sale

Friday, 27 March 2020, 3:10 pm | Bayleys

A strip of four retail premises collectively known as Valley Entrance Shops in the Lower Hutt suburb of Stokes Valley, have been placed on the market for sale with the added drawcard of bare land to the rear of the shops which holds development ... More >>

New Zealand COVID-19 Lockdown: Everything Employers Need To Know

Friday, 27 March 2020, 2:42 pm | Employsure

New Zealand entered a minimum four-week government ordered lockdown as of midnight Wednesday March 25. The alert level 4 restrictions, the highest in the country’s history, means only businesses and services deemed to be essential, i.e. supermarkets, ... More >>

Westpac NZ Provides Six-month Repayment Deferrals

Friday, 27 March 2020, 1:36 pm | Westpac

Westpac NZ customers affected by Covid-19 can now apply for a six-month deferral on principal and interest repayments on home loans and personal loans. Westpac NZ General Manager of Consumer Banking and Wealth, Gina Dellabarca, says repayment deferrals ... More >>

Banks Offer Six Month Mortgage Repayment Deferrals

Friday, 27 March 2020, 1:08 pm | NZ Bankers' Association

New Zealand’s retail banks are offering to defer repayments for all residential mortgages for up to six months for customers financially affected by Covid-19. “We know that some customers are already being financially impacted by Covid-19 and have ... More >>

Enable Will Maintain Critical Fibre Broadband Services Through The Lockdown

Friday, 27 March 2020, 1:06 pm | Enable

Christchurch fibre broadband network provider, Enable, is fully prepared for continuing to deliver essential fibre broadband services to the greater Christchurch community now that the Government’s COVID-19 Alert Level 4 provisions have taken effect. ... More >>

Airbnb To Help Provide Housing To 100,000 COVID-19 Responders

Friday, 27 March 2020, 12:54 pm | Airbnb

Today, Airbnb is announcing a new global initiative to help connect those responding to the COVID-19 pandemic with safe and convenient places to stay while they carry out their critical work. The company’s goal is to help house 100,000 healthcare ... More >>