Articles tagged with Business
Showing 15 of 123 articles
$5.3M Māori Development Fund Boosts Businesses, Jobs & Exports in NZ
10 Jun 2026 | 3 months ago | 614 viewsThe Māori Development Fund has invested over $5.3 million to support Māori-owned businesses in horticulture, aquaculture, and renewable energy, aiming to create jobs, boost regional economies, and expand exports in line with the Government's growth framework. Key investments include $2.6 million for Hineuru Orchards in Hawke's Bay to enhance crop protection and export capacity, and $1.5 million for Akaroa King Salmon to upgrade infrastructure and increase production, generating approximately 50 new jobs. These initiatives promote sustainable development, energy transition, and long-term prosperity for Māori communities while strengthening New Zealand's overall economic success.
Tags: Tama Potaka Parininihi ki Waitōtara Hineuru Orchards Akaroa King Salmon Ōnuku Rūnanga Ngāti Porou Māori Development Fund Māori businesses New Zealand economy Māori Development MinisterNew Zealand Advances GeoShot NZ Project to Drill First Superhot Geothermal Well
08 Jun 2026 | 3 months ago | 739 viewsThe GeoShot NZ project aims to drill New Zealand’s first superhot geothermal well at the Rotokawa Geothermal Field, with government funding of $55 million approved for pre-drilling and exploratory activities. The initiative involves expert partners and advanced technology to harness superhot fluids at depths of 4–5 km, offering significantly more energy than conventional wells and enhancing national energy resilience. This pioneering effort, supported by international collaboration, seeks to establish New Zealand as a leader in clean, high-capacity geothermal energy for long-term regional and national benefits.
Tags: Shane Jones Mercury NZ Todd Energy Tauhara North No. 2 Trust Ministry of Business Innovation and Employment GeoShot NZ Regional Infrastructure Fund Rotokawa Geothermal Field Iceland New ZealandNew Zealand Introduces Winter Energy Reliability Obligation to Prevent Power Shortages
08 Jun 2026 | 3 months ago | 701 viewsThe New Zealand Government is introducing the Winter Energy Reliability Obligation, requiring major power companies and large electricity users to secure sufficient back-up energy ahead of dry winters to prevent power shortages and price spikes. This includes stricter penalties for non-compliance and enhanced oversight by the Electricity Authority to ensure dry-year risks are managed effectively, boosting system resilience and price stability. The obligation is part of the broader Securing Affordable Energy plan, which also considers additional back-up supply options like LNG imports and aims to rebuild the energy system for reliable, affordable power.
Tags: Simeon Brown Ministry of Business Innovation and Employment Electricity Authority Winter Energy Reliability Obligation New Zealand Government LNG Electricity Industry Act Securing Affordable Energy plan gentailers power companiesCommerce Commission Proposes Cut to Company Card Fees Saving NZ Businesses $40M Annually
03 Jun 2026 | 3 months ago | 646 viewsThe Commerce Commission has proposed reducing the fees businesses pay to accept company cards, potentially saving retailers around $40 million annually and contributing to a total expected saving of up to $290 million per year for businesses. Commerce Minister Cameron Brewer highlighted that current interchange fees in New Zealand are nearly double those in Australia and unfairly burden businesses, which often pass these costs onto consumers through higher prices. The draft decision is open for consultation, with a final ruling expected later this year, aiming to ensure fairer payment processing costs and benefits for both businesses and consumers.
Tags: Commerce Commission Cameron Brewer retailers interchange fees company cards businesses consumers New Zealand Government banksNZ Trade Minister McClay Leads Key UK FTA Meeting and OECD Council Talks
31 May 2026 | 3 months ago | 700 viewsTrade and Investment Minister Todd McClay is visiting the UK to co-chair the NZ-UK FTA Trade Committee meeting and Paris to vice-chair the OECD Ministerial Council Meeting, marking the third anniversary of the NZ-UK Free Trade Agreement, which has boosted two-way trade to a record $7.4 billion in 2025. New Zealand exports to the UK have surged by 75% over three years, driven by strong demand for premium products, with significant growth in meat and business services exports. During his visits, McClay will engage with international counterparts to discuss trade progress, cross-border investment, and strengthen relationships that support New Zealand jobs and economic opportunities.
Tags: Todd McClay Peter Kyle Chris Bryant New Zealand United Kingdom OECD trade investment business servicesBudget 2026 Boosts Frontline Teams to Combat Migrant Exploitation and Immigration Breaches
28 May 2026 | 3 months ago | 708 viewsBudget 2026 allocates $18 million over four years to establish three new frontline teams within New Zealand’s immigration and labour enforcement agencies to better address migrant exploitation, immigration non-compliance, and serious offending. This investment aims to reduce case backlogs, increase enforcement actions, and prioritize high-risk cases by expanding capacity for investigations, compliance checks, and labour inspections. The Government also plans to strengthen legal penalties for migrant exploitation and improve deportation and compliance measures to enhance public trust and system effectiveness.
Tags: Erica Stanford Budget 2026 migrant exploitation immigration compliance Labour Inspectorate Immigration Investigations Immigration Compliance team deportation immigration offences Ministry of Business Innovation and EmploymentNew Zealand Launches Free Business Resilience Training for Small Enterprises
21 May 2026 | 3 months ago | 618 viewsThe New Zealand government has launched a fully funded training initiative through the Regional Business Partner Network to help small and medium enterprises improve business resilience, continuity planning, and preparedness for disruption. This program, available nationwide from May to August via workshops, webinars, and online content, aims to equip businesses with practical tools to manage change and strengthen performance without cost barriers. The initiative complements existing support and emphasizes the importance of resilience in ensuring long-term business success amid uncertainty.
Tags: Cameron Brewer Small Business Regional Business Partner Network Business Continuity Resilience Training New Zealand Chamber of Commerce Business Continuity & Resilience Awareness Week Small and Medium Enterprises Business ResilienceBudget 2026: Transforming New Zealand’s Public Service for a More Affordable Future
19 May 2026 | 3 months ago | 856 viewsThe Government Budget 2026 focuses on addressing New Zealand’s economic challenges through durable reforms aimed at affordability, fiscal responsibility, and improved public services rather than short-term spending. Key initiatives include streamlining government agencies, embracing digital and AI technologies, and reducing public service numbers to enhance efficiency and redirect savings toward health, education, infrastructure, and security. This strategic approach seeks to create a modern, productive public service, maintain balanced books, and build a resilient economy for a better and more affordable future.
Tags: Paul Goldsmith Mark Carney Labour New Zealand Prime Minister Business North Harbour Kainga Ora Public Service Commission Ministry of Cities Government BudgetGovernment Streamlines Food Safety Verification for Multi-Site Businesses Nationwide
13 May 2026 | 3 months ago | 701 viewsThe Government is standardizing food safety verification for multi-site food businesses by implementing consistent site-sampling guidelines, reducing costs, and ensuring all sites are verified over time based on risk levels and performance. Recent measures have saved money for small food businesses through free training, relaxed testing for meat processors, eased requirements for home-based bakers, and simplified export rules. Future plans aim to further cut regulatory costs, simplify processes, and create a fairer, more efficient food safety system responsive to industry needs.
Tags: Andrew Hoggard Food Safety Minister Government food businesses food safety National Programmes Food Control Plan food exporters regulatory costsNew Zealand Passes Major AML Reform Bills to Cut Red Tape and Boost Business
12 May 2026 | 4 months ago | 787 viewsAssociate Justice Minister Nicole McKee has welcomed the passage of two major Anti–Money Laundering reform Bills that cut red tape, reduce compliance burdens, and improve risk-based requirements for businesses, with some changes effective immediately and others by July 1, 2026. The reforms establish a single AML supervisor to replace three existing ones, enhancing clarity, consistency, and responsiveness, while introducing an industry levy and enabling more flexible rule-making. These changes aim to make AML compliance more efficient, reduce unnecessary paperwork for low-risk entities, and strengthen New Zealand’s ability to detect and disrupt serious financial crime without hindering access to global markets.
Tags: Nicole McKee AML reform Parliament New Zealand Department of Internal Affairs AML supervisor Business Committee Financial Markets Authority Reserve Bank of New ZealandNew Associate Agriculture Minister Mike Butterick Takes Key Roles in NZ Primary Sector
12 May 2026 | 4 months ago | 901 viewsAgriculture Minister Todd McClay announced that Associate Agriculture Minister Mike Butterick will oversee the organics sector, water security and storage, the arable sector, Māori agribusiness, and catchment groups. Butterick, a sheep and beef farmer from Wairarapa, brings practical farming experience and will support efforts to reduce red tape and boost productivity in rural communities. Meanwhile, McClay has taken on responsibility for horticulture matters, strengthening the government’s focus on New Zealand’s primary sector.
Tags: Todd McClay Mike Butterick Agriculture Minister Associate Agriculture Minister organics sector water security arable sector Māori agribusiness sheep and beef farmer WairarapaGovernment Clarifies Climate Change Laws to Boost Business Certainty and Investment
11 May 2026 | 4 months ago | 682 viewsThe Government plans to amend the Climate Change Response Act 2002 to prevent tort liability claims against businesses for climate change damage, aiming to provide legal certainty and protect business confidence. Justice Minister Paul Goldsmith emphasizes that climate change responses should be managed nationally through existing frameworks like the Emissions Trading Scheme, rather than through court litigation. This amendment will not affect government responsibilities or businesses’ obligations under the ETS but will ensure a consistent regulatory approach.
Tags: climate change greenhouse gas emissions Climate Change Response Act 2002 Emissions Trading Scheme legal clarity business certainty Paul Goldsmith High Court litigation government regulation environmental lawGovernment Secures Long-Term Housing Supply in Westport Post-West Coast Floods
08 May 2026 | 4 months ago | 691 viewsThe Government is transferring 20 homes at Paparoa Way to local ownership for $1.2 million to support Westport's long-term housing supply following the 2021 West Coast floods. These modern homes, delivered in partnership with Buller District Council, remain fully occupied and help sustain the community by enabling families and workers to stay, aiding regional recovery and growth. This initiative transforms emergency housing into a lasting asset, enhancing Westport’s resilience and exemplifying effective collaboration between central and local government.
Tags: Tama Potaka James Meager Westport West Coast floods Paparoa Way Buller District Council Ministry of Business Innovation and Employment Temporary Accommodation Service housing supply emergency responseFree Online Food Safety Training Launched to Support NZ Food Businesses
04 May 2026 | 4 months ago | 783 viewsThe Government has launched a free online food safety training module to simplify and improve accessibility for food businesses, addressing previous challenges of cost and difficulty. Developed with industry input, this module is the first of six aimed at modernizing New Zealand’s food safety system to be fairer, more efficient, and responsive to business needs. Additional modules and initiatives are planned to further support the sector with appropriate, risk-based regulations and tools.
Tags: Andrew Hoggard Government Food Safety Restaurant Association Hospitality NZ New Zealand Food Businesses Online Training Food Safety Module Home Bakers2026 Minister for Manufacturing Awards Finalists Celebrate NZ Industry Innovation
28 Apr 2026 | 4 months ago | 743 viewsMinister Cameron Brewer announced the finalists for the 2026 Minister for Manufacturing Awards, which celebrate innovation and excellence in New Zealand’s manufacturing sector that employs 250,000 people and contributes significantly to the economy and exports. The awards introduce three new categories, including one for small businesses with fewer than 50 employees, reflecting the sector’s diversity and importance. The government is committed to supporting manufacturers through skills development and technology adoption, with winners to be announced at the EMEX 2026 event in Auckland.
Tags: Cameron Brewer Minister for Manufacturing New Zealand Advancing Manufacturing Aotearoa EMEX 2026 Minister of Small Business Manufacturing Awards Auckland Showgrounds New Zealand Manufacturing Manufacturing Industry