Articles tagged with Nicola Willis
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David McClatchy Reappointed to Guardians of NZ Superannuation Board for 3 Years
09 Sep 2026 | 9 hours ago | 44 viewsDavid McClatchy has been reappointed for three years as a member of the Guardians of New Zealand Superannuation Board, which manages the NZ Superannuation Fund and Elevate NZ Venture Capital Fund valued at $94.4 billion. His extensive experience in investment management and governance contributes to the board’s stability, leadership, and expertise during a period of economic uncertainty. The reappointment reflects the Government’s commitment to strong governance and robust investment performance to grow New Zealand’s sovereign wealth funds for future generations.
Tags: David McClatchy Nicola Willis Guardians of New Zealand Superannuation Board NZ Superannuation Fund Elevate NZ Venture Capital Fund New Zealand Finance Minister sovereign wealth funds investment governance business leaderNZ Economy Shows Resilience as RBNZ Raises Cash Rate to 2.75%
02 Sep 2026 | 1 week ago | 166 viewsThe Reserve Bank raised the Official Cash Rate to 2.75% and expects the economic recovery to strengthen and broaden, supported by a resilient export sector and increased household spending. Inflation is anticipated to return to the mid-point of the target range, boosting purchasing power. Finance Minister Nicola Willis welcomed the assessment, highlighting the economy's resilience amid global challenges and the export-driven nature of the recovery.
Tags: Reserve Bank Nicola Willis Official Cash Rate economic recovery Finance Minister inflation export sector household spending New Zealand economy Middle East conflictNZ Economy Shows Resilience as Reserve Bank Raises Official Cash Rate to 2.75%
02 Sep 2026 | 1 week ago | 174 viewsFinance Minister Nicola Willis welcomed the Reserve Bank’s assessment that the economic recovery is resuming and expected to broaden, highlighted by a 0.25 basis point increase in the Official Cash Rate to 2.75 percent. The Reserve Bank anticipates a strengthening recovery driven by a resilient export sector, increased household spending, and rising purchasing power as inflation moves toward the target range. Willis emphasized the economy’s resilience amid global challenges and noted that this recovery is export-led rather than reliant on rising house prices, offering a positive outlook despite ongoing difficulties.
Tags: Reserve Bank Nicola Willis Official Cash Rate economic recovery Finance Minister inflation export sector household spending New Zealand Middle East conflictKiwiSaver Changes Help Farm Workers Buy First Homes and Farms in NZ
01 Sep 2026 | 1 week ago | 147 viewsNew legislation will allow farm workers to use their KiwiSaver savings to buy their first home, addressing rules that previously excluded rural workers from first-home withdrawals. The bill also permits first-time farm buyers to use KiwiSaver funds for farms owned through companies, trusts, or partnerships they control, reflecting how farm ownership typically operates. These changes aim to make homeownership fairer and reduce debt for rural workers, enabling them to own property alongside their work.
Tags: Nicola Willis Cameron Brewer Suze Redmayne KiwiSaver Farm workers First home New Zealand Rangitīkei Commerce and Consumer Affairs Finance MinisterFarm Workers Can Now Use KiwiSaver Savings to Buy Their First Home
01 Sep 2026 | 1 week ago | 159 viewsNew legislation allows farm workers to use their KiwiSaver savings to buy their first home, addressing previous rules that excluded rural workers required to live on-site. The KiwiSaver (First Home or Farm) Amendment Bill also permits first-time farm buyers to use their savings when purchasing a farm through a majority-owned company, trust, or partnership, reflecting how farm ownership typically operates. This change aims to make farm ownership more accessible, reducing debt for new owners and recognizing the contributions of rural workers.
Tags: Nicola Willis Cameron Brewer Suze Redmayne KiwiSaver Farm workers First Home New Zealand Rangitīkei Commerce and Consumer Affairs Finance MinisterS&P Affirms New Zealand’s AA+ Rating with Stable Outlook and Growth Forecast
31 Aug 2026 | 1 week ago | 160 viewsFinance Minister Nicola Willis welcomed S&P’s affirmation of New Zealand’s AA+ credit rating with a stable outlook, highlighting the agency’s confidence in the economy and government fiscal management. S&P forecasts 2.5% economic growth by June next year and praises New Zealand’s monetary policy flexibility, low net debt, and strong institutions, despite some external imbalances and fiscal deficits. The agency also acknowledges government actions like tax reductions and investment incentives aimed at reducing the deficit and revitalizing the economy, supporting a positive outlook for job creation and fiscal surplus.
Tags: Nicola Willis S&P New Zealand Finance Minister credit rating economy government fiscal policy economic growth monetary policyNZ Cancels 2027 Fuel Excise Hike to Ease Cost of Living Pressure
31 Aug 2026 | 1 week ago | 169 viewsThe New Zealand Government has cancelled the planned fuel excise increase for 2027 to ease the cost of living pressures on Kiwis, postponing the next increase to January 2028 and spreading subsequent hikes over time for a fairer transition. Despite the freeze, rising transport project costs and the need to maintain infrastructure funding mean fuel tax increases will resume gradually from 2028, with the National Land Transport Fund being topped up to cover revenue shortfalls. This decision is supported by careful fiscal management, allowing the government to balance economic recovery, inflation control, and infrastructure investment while monitoring international uncertainties.
Tags: Nicola Willis Chris Bishop New Zealand fuel excise transport projects road user charges cost of living inflation National Land Transport Fund Budget 2026New Zealand Government Monetises $702M Chorus Debt to Fund Key Infrastructure Projects
06 Aug 2026 | 1 month ago | 370 viewsThe New Zealand Government has entered binding agreements to monetise $642 million of interest-free loans provided to Chorus for fibre broadband rollout, generating net proceeds of approximately $702 million. This early monetisation enables reinvestment in critical infrastructure projects such as roads, hospitals, and schools, supporting economic growth and addressing the country's infrastructure deficit. The transaction does not affect Chorus ownership or services and reflects the Government’s commitment to disciplined public finances and strategic infrastructure investment.
Tags: Nicola Willis Chris Bishop Chorus The Crown New Zealand NIFFCo Finance Minister Infrastructure Minister Budget 2026James Miller Appointed Chair of New Zealand's Financial Markets Authority
05 Aug 2026 | 1 month ago | 348 viewsFinance Minister Nicola Willis and Commerce Minister Cameron Brewer announced James Miller as the new chair of the Financial Markets Authority (FMA) for a five-year term starting August 6, highlighting his extensive experience in capital markets and governance. The government aims to reform New Zealand's capital markets by reducing costs and complexity to encourage local listings and strengthen KiwiSaver balances, with the FMA now overseeing consumer credit regulation as a single financial markets conduct regulator. Additionally, Trevor Janes was appointed to the FMA board for two years, both bringing significant expertise to support the FMA's role in promoting fair, efficient, and transparent financial markets.
Tags: Nicola Willis Cameron Brewer James Miller Trevor Janes Steven Bardy Financial Markets Authority NZX KiwiSaver New Zealand Order of Merit NZ RegCoNew Zealand Launches Industry-Led Secondary Subjects for Future Careers from 2029
05 Aug 2026 | 1 month ago | 481 viewsNew Zealand is launching industry-led, future-focused secondary school subjects from 2029 to better align education with emerging job markets in sectors like manufacturing, energy, health, and tourism. These subjects, developed with industry input and valued equally to traditional subjects, aim to equip students with practical skills and clear pathways into trades, university, or employment, supported by a $15 million investment. The initiative fosters student engagement by connecting learning to real-world careers, benefiting both employers seeking skilled workers and students preparing for rewarding futures.
Tags: Nicola Willis Erica Stanford Applied Intelligent Systems Construction and Built Environment Energy and Infrastructure Engineering Technology Food and Fibre Systems Health Services and Care Hospitality Food and BeverageNZ Labour Market Q2: Rising Unemployment Spurs Focus on Growth & Investment
04 Aug 2026 | 1 month ago | 305 viewsFinance Minister Nicola Willis acknowledges the second quarter was challenging for New Zealand's labour market, with rising costs and uncertainty causing employers to pause hiring, resulting in a 5.6% unemployment rate. The government is focusing on policies to boost economic growth and business confidence, including support for tourism, international education, major construction projects, infrastructure investment, and the Investment Boost initiative. These measures aim to encourage employers to invest and expand, fostering long-term job creation rather than quick fixes.
Tags: New Zealand labour market unemployment Nicola Willis economy business confidence tourism international education construction projects Investment BoostCommunities Lead the Future of Social Services in Ōpōtiki, Porirua & West Coast
04 Aug 2026 | 1 month ago | 296 viewsThe New Zealand Government has selected communities in Ōpōtiki, Porirua, and the West Coast to pilot Community-led Commissioning, allowing local leaders to design and manage social services tailored to their areas while being held accountable for outcomes. These groups will focus on addressing specific local priorities such as breaking cycles of disadvantage, securing housing, improving access to healthy food, and connecting health and social support across isolated regions. The initiative aims to replace centralized decision-making with community-driven solutions, with plans subject to Ministerial approval and the goal of expanding the approach nationwide if successful.
Tags: Nicola Willis Toi Rāwhiti Whakatōhea Ngāi Tai Te Whānau ā Apanui Ngāti Toa Rangatira Te Tauraki Pōkeka Poutini Ngāi Tahu Ngāti Waewae MakaawhioNew Zealand Launches Gas Transition Loan Guarantee Scheme to Support Businesses
31 Jul 2026 | 1 month ago | 367 viewsThe Gas Transition Loan Guarantee Scheme, launched by the New Zealand government, aims to help businesses reduce reliance on gas by providing loan guarantees covering 80% of default risk, enabling banks to offer better lending terms and unlock up to $1.2 billion in financing. This initiative supports regional industries facing high gas prices and supply uncertainty by promoting energy efficiency and alternative energy investments to maintain competitiveness and protect jobs. Additionally, the Energy Efficiency and Conservation Authority offers independent support to help businesses assess energy options and plan practical transitions.
Tags: Nicola Willis Simeon Brown Shane Jones Gas Transition Loan Guarantee Scheme New Zealand Energy Efficiency and Conservation Authority ANZ ASB BNZ KiwibankMBIE Biometric Project Cost Overruns Spark Independent Audit and Inquiry
29 Jul 2026 | 1 month ago | 374 viewsThe Ministry of Business, Innovation and Employment (MBIE) ceased the seven-year Biometric Capability Upgrade project in December 2025, initially reporting $33 million in costs written off. Subsequent reviews revealed discrepancies in MBIE’s financial reporting, leading to the identification of an additional $6 million in project costs and prompting the commissioning of an independent financial audit. The matter has been referred to the Michael Heron inquiry and the Public Service Commissioner to investigate MBIE’s financial controls and potentially expand the inquiry’s scope.
Tags: Biometric Capability Upgrade Ministry of Business Innovation and Employment MBIE Greg James Education and Workforce Committee Nicola Willis Michael Heron Public Service Commissioner financial audit Cabinet scrutinyGovernment Delivers 3,000 New Social Homes in Auckland Ahead of Schedule
28 Jul 2026 | 1 month ago | 328 viewsThe Government has surpassed its 2023 election commitment by delivering over 3,000 additional social homes in Auckland ahead of schedule, with a focus on meeting the needs of those requiring one- and two-bedroom properties, particularly in South and West Auckland. Kāinga Ora and Community Housing Providers contributed significantly to this achievement, which forms part of more than 8,400 new social homes delivered nationwide since November 2023. Ongoing investments through Budgets 2024 to 2026 aim to sustain a long-term pipeline of quality, fit-for-purpose social housing across New Zealand.
Tags: Chris Bishop Nicola Willis Kāinga Ora Community Housing Providers Auckland New Zealand Housing Minister National Party Social Housing Government