Articles tagged with Businesses

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Investment in vital bridge to Monowai Valley

The Regional Infrastructure Fund will invest $6 million towards replacing the Monowai Suspension Bridge in western Southland, Associate Regional Development Minister Mark Patterson and South Island Minister James Meager say. The funding will support construction of a new bridge on Lake Monowai Road, ensuring continued access to Monowai Valley and Fiordland National Park. “This bridge is a vital link for the Monowai Valley communities and businesses, and the historic Monowai hydroelectric power station which has contributed to the electricity network for more than 100 years,” Mr Patterson says.

Simplified Food Safety Rules Proposed to Help NZ Food Businesses Cut Red Tape

The Government is proposing updates to New Zealand's Simply Safe & Suitable food control plan to simplify food safety obligations by reducing paperwork, focusing on key risks, and using clearer, business-friendly language. Key changes include less testing and record-keeping, a modular template tailored to operations, and clearer links between hazards and corrective actions, alongside recent measures like free online training and eased rules for certain food businesses. Consultation on these proposals runs until 15 November 2026, with further reforms such as ongoing registration expected by mid-2025.

New Zealand to Simplify Alcohol Licensing and Cut Red Tape for Hospitality Sector

Regulation Minister David Seymour and Associate Justice Minister Nicole McKee announced reforms to New Zealand’s alcohol licensing system following a comprehensive Hospitality Sector Review, aiming to reduce red tape and make licensing easier, more cost-effective, and proportionate. The government accepted nearly all recommendations, including simplifying application processes, reforming fees, extending renewal periods, consolidating licensing types into a risk-based framework, and improving oversight through a nationwide information system. These changes are intended to support hospitality businesses, reduce delays and costs, and ultimately unlock economic potential by enabling Kiwi businesses to operate more efficiently.

WorkSafe Launches New Prequalification Template to Help Small Construction Contractors

WorkSafe has introduced a new prequalification template to simplify the contractor health and safety assessment process, addressing frustrations over inconsistent and duplicative requirements in New Zealand’s construction industry. This template, supported by a position statement, promotes a consistent, risk-based approach that reduces unnecessary costs and paperwork, particularly benefiting small businesses and sole traders. Government agencies are expected to adopt the template in procurement processes, helping contractors avoid multiple prequalification forms and making bidding more efficient and cost-effective.

New Zealand Targets Electricity Network Reforms to Lower Power Bills and Boost Efficiency

New Zealand’s rising electricity bills are largely driven by electricity distribution network costs, prompting the government to seek reforms for greater affordability, reliability, and efficiency in the sector. The Ministry of Business, Innovation and Employment (MBIE) has released a discussion document proposing actions to enhance collaboration among Electricity Distribution Businesses (EDBs), improve economic regulation, and strengthen governance to support increased electrification and innovation. The government is inviting public feedback on these potential reforms to ensure investments deliver value for consumers and help moderate future power costs.

New Zealand's RDTI Hits $10 Billion Supporting Business Innovation and Growth

The Research and Development Tax Incentive (RDTI) in New Zealand has supported over $10 billion in business R&D investment, demonstrating growing confidence and rapid uptake, especially among small businesses. An independent evaluation in 2025 showed the scheme generates significant economic benefits, with each dollar of support leading to an additional $1.40 invested in R&D, contributing to productivity, innovation, and high-value job creation. To further enhance its impact, the government plans to introduce in-year payments for tax credits in Budget 2026, aiming to improve cash flow and encourage more businesses to invest in R&D.

Government Launches Free Online Food Safety Course for Food Businesses

The Government, led by Minister Andrew Hoggard, is launching a free online food safety course to reduce costs for thousands of food businesses, which typically spend $50 to $200 per staff member on training. The course series, developed with industry input, includes modules on personal hygiene, maintaining a safe workplace, handling food safely, allergens, and traceability, all aimed at preventing foodborne illnesses. This initiative is part of broader efforts to simplify and improve food safety practices for businesses of all sizes.

Kiwi Businesses Boost Productivity with $800M Gains from eInvoicing Adoption

Kiwi businesses are projected to gain up to $800 million annually in productivity through full eInvoicing adoption, which has more than doubled in uptake recently, enabling faster payments and reduced paperwork. The government leads by example with prompt payments, achieving over 95% of invoices paid within 10 working days, and will require large businesses to send eInvoices to government agencies from January 2027. This initiative aims to improve cashflow, cut administrative costs, reduce invoice fraud, and create a more efficient business environment in New Zealand.

New Zealand Passes Health and Safety Amendment Bill to Focus on Critical Risks

The Health and Safety at Work Amendment Bill, passed in New Zealand, focuses on preventing serious workplace harm by prioritizing critical risks and reducing regulatory burdens, especially for small businesses. It strengthens Approved Codes of Practice and clarifies duties for directors, aiming to simplify compliance and improve safety outcomes. The reforms, effective from April 2027, balance strong worker protections with practical guidance to support businesses and enhance economic growth.

New Zealand Boosts Small Businesses with New AI-Powered Government Funding

New Zealand's government is funding AI-powered initiatives to support 600,000 small businesses, aiming to unlock growth opportunities with smart, data-driven tools. The investment expands AcceleratorNZ to provide AI-driven business diagnostics to 500 more firms and helps Business Mentors New Zealand develop an AI Digital Mentor tool to better match mentors with businesses. These efforts modernize support services, enhancing efficiency while maintaining human mentorship to help small businesses grow, compete, and succeed.

Kiwi Space Activator Funds University of Auckland’s Rakiraki CubeSat Project

Space Minister Chris Penk announced that the University of Auckland received $300,000 from the Kiwi Space Activator pilot programme to develop the Rakiraki CubeSat, a satellite aimed at improving space object tracking to protect essential satellite services. The programme supports New Zealand innovators in advancing space technology from concept to launch, fostering sovereign space capability, commercialisation, and global market access. With $1.78 million awarded across two rounds to four projects, the initiative reflects the growing and high-quality space innovation sector in New Zealand.

$5.3M Māori Development Fund Boosts Businesses, Jobs & Exports in NZ

The 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.

Commerce Commission Proposes Cut to Company Card Fees Saving NZ Businesses $40M Annually

The 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.

Government Streamlines Food Safety Verification for Multi-Site Businesses Nationwide

The 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.

Free Online Food Safety Training Launched to Support NZ Food Businesses

The 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.