Agile regulators are addressing this bias and finding new ways to make it easier for innovative firms to engage with regulation. For example, New Zealand’s Better for Business programme has created an AI-powered chatbot to answer firms’ regulatory queries, lowering the cost of understanding the rules.
Their label debuted at New Zealand Fashion Week in 2015 and in 2016 received the prestigious Mercedes-Benz Presents accolade, which recognises "the best and buzziest fashion designers" in New Zealand and internationally. Trelise Cooper and Kate Sylvester have previously received the award.
Indeed, so relatively robust is the appearance of the New Zealand economy that in a normal environment some thoughts might now be turning potentially to the next OCR movement even being up. However...there's a very big however.
In Elite Streets, Homed looks at which streets are the most desirable New Zealand's biggest centres and asks why. The answers might not be what you thought.
Australia's Royal Commission into misconduct in the financial services industry has put the spotlight on some bank practices, and New Zealand regulators have responded by calling for this country's banks to prove they are clean.
Heartland Group Holdings lifted first-half net profit 20.4 per cent, although that was boosted by accounting changes and fair value gains and the underlying increase was closer to 7 per cent. The company, which operates Heartland Bank in New Zealand and a reverse mortgage business in Australia, also increased its first-half dividend to 4.5 cents per share from 3.5 cents last year.
Mercury Energy is set to poke the bear of gas-guzzling New Zealand as it continues to push its clean energy narrative.
Fix and Fogg has been around since 2014. It’s not in an industry you’d think had a gap in the market, but Jewell – drawing inspiration (and the company’s name) from adventure novel Around the World in Eighty Days – decided to embark on his own adventure, selling homemade peanut butter at the local farmers’ market. From 30 jars or so a week Fix and Fogg is now stocked widely across New Zealand, and demand from Kiwis across the ditch means its now being sold there too.
Reserve Bank Governor Adrian Orr, said: “Banks remain well capitalised and liquid. They also remain highly connected to New Zealand’s business sector and almost every household in New Zealand. Their ability to extend credit to firms to bridge the difficult times created by COVID-19 is critical and made more possible with today’s announcements. We will monitor banks’ behaviour over coming months to assess the effectiveness of the risk-sharing scheme.”
The COVID-19 Response (Further Management Measures) Legislation Bill is an omnibus bill which introduces amendments that will assist New Zealand to respond to the wide-ranging effects of COVID-19, including changes to enable businesses, local government, and others to manage and mitigate the impacts of the response to COVID-19, and to make minor changes to mitigate issues relating to COVID-19.