Articles tagged with Capital
Steve O'Connor Named Permanent Chair of NZ Institute of Advanced Technology
1 week ago | 146 viewsSteve O'Connor has been appointed permanent Chair of the New Zealand Institute of Advanced Technology (NZIAT), having led the organization through its foundational phase since January 2026. NZIAT focuses on advancing technologies such as advanced materials, magnetic technologies, artificial intelligence, and quantum technology to strengthen New Zealand’s technology sector and economic opportunities. Additionally, Marko Bogoievski has joined the NZIAT Board, bringing expertise in technology investment, commercialisation, and governance to support the institute’s growth.
Tags: Penny Simmonds Steve O'Connor Marko Bogoievski NZIAT New Zealand Institute of Advanced Technology advanced technology innovation artificial intelligence quantum technology venture capitalTranspower Board Reappoints Directors Dewes and Coppage Through 2029
3 weeks ago | 227 viewsDirectors Whaimutu Dewes and Owen Coppage have been reappointed to the Transpower Board until 2029 to provide governance continuity during a $13 billion investment programme. Dewes offers expertise in governance, risk management, and stakeholder relations, while Coppage brings skills in energy utilities, technology, and digital transformation. Additionally, Rukumoana Schaafhausen was reappointed to Kiwi Group Capital’s board, bringing extensive commercial and Crown governance experience in the banking sector.
Tags: Whaimutu Dewes Owen Coppage Simeon Brown Rukumoana Schaafhausen Transpower Board Kiwi Group Capital Kiwibank State Owned Enterprises energy sector governanceNew Advanced LINAC Machine Enhances Cancer Treatment at Wellington Hospital
4 weeks ago | 252 viewsWellington Regional Hospital has introduced a new advanced radiation therapy Linear Accelerator (LINAC) machine, enhancing precise cancer treatment for patients across the region as part of a $12.6 million investment to modernize oncology services. This latest generation LINAC uses camera-based surface guidance for accurate patient positioning, minimizing radiation exposure to healthy tissue, and supports clinical innovation and staff training. The upgrade ensures continued high-quality care during installation, with a second LINAC replacement planned, contributing to a nationwide effort to expand and improve cancer treatment capacity.
Tags: Simeon Brown Wellington Regional Hospital LINAC radiation therapy cancer treatment Capital Coast Hutt Valley New Zealand Hawke's Bay Cancer Centre AucklandGovernment Seeks Feedback on Capital Market Reforms to Boost Kiwi Business Growth
1 month ago | 296 viewsThe Government is seeking feedback on the next phase of capital market reforms aimed at lowering the cost of raising capital for Kiwi businesses and improving returns for investors, with a focus on modernizing rules to keep pace with innovation and maintain investor protections. This phase follows last year’s reforms that reduced compliance costs and barriers to listing on the NZX, and now targets eight specific areas including product disclosure, director liability, crowdfunding limits, and broker activity. The consultation, open for six weeks, invites input from businesses, investors, and financial advisers to help create dynamic, competitive markets that support economic growth.
Tags: Cameron Brewer Commerce and Consumer Affairs Minister KiwiSaver MBIE NZX New Zealand Government capital market reforms economic growth crowdfundingGovernment Removes Health and Life Insurers from Climate Reporting to Cut Costs
2 months ago | 468 viewsThe Government is removing health and life insurers from the mandatory climate reporting regime, as these insurers are not directly exposed to climate risks and reporting adds unnecessary costs to their clients. This change follows previous adjustments raising the reporting threshold and excluding certain schemes, reducing the number of businesses required to report from 164 to around 67. The focus remains on ensuring large businesses with significant impact continue reporting, while cutting red tape for firms where reporting is less relevant.
Tags: Cameron Brewer Government Commerce and Consumer Affairs climate reporting health insurers life insurers NZX business growth market capitalisation red tapeNew Zealand Boosts Support for Working Families Amid Rising Fuel Prices
5 months ago | 841 viewsA bill has passed in Parliament providing temporary financial support to about 157,000 low-to-middle income working families affected by rising fuel prices due to the Middle East conflict, including a $50 weekly boost in the in-work tax credit starting April 7. The legislation also revises tax rules, such as thin capitalisation, to attract more foreign investment, particularly for infrastructure projects, while introducing measures to support startups, employee share schemes, new migrants, and digital nomads. These changes aim to strengthen New Zealand’s economy by helping households, encouraging business growth, and making the country more attractive for work, investment, and family life.
Tags: Simon Watts New Zealand Taxation Bill Middle East conflict fuel prices working families thin capitalisation rules digital nomads startupsJohn Williamson Reappointed Chair of NZ Superannuation Guardians Board
5 months ago | 947 viewsJohn Williamson has been reappointed as Chair of the Guardians of New Zealand Superannuation Board for two more years starting October 1, reflecting his strong leadership and extensive experience. The Board manages government investments in the NZ Super Fund and the Elevate NZ Venture Capital Fund, with five of seven members currently in their first term. This reappointment aims to ensure stability, continuity, and robust investment performance to grow New Zealand’s sovereign wealth funds for future generations.
Tags: John Williamson Nicola Willis Guardians of New Zealand Superannuation Board NZ Super Fund Elevate NZ Venture Capital Fund Hellaby Holdings Ltd New Zealand government sovereign wealth funds private equity Māori resource lawGuardians of NZ Superannuation Appoint Two New Members to Nominating Committee
5 months ago | 862 viewsTwo experienced corporate leaders, Tim Mitchell and Juliet Tainui-Hernandez, have been appointed to the nominating committee for the Guardians of New Zealand Superannuation, alongside the reappointment of Chair Michelle Tsui and member Mark Butcher. The committee is responsible for identifying and recommending qualified candidates for the Guardians Board, which oversees the NZ Super Fund and Elevate NZ Venture Capital Fund. Mitchell and Tainui-Hernandez bring extensive expertise in governance, recruitment, risk management, and global investment, with their terms starting on March 1, while Tsui and Butcher have served since 2018.
Tags: Nicola Willis Tim Mitchell Michelle Tsui Mark Butcher Guardians of New Zealand Superannuation NZ Super Fund Elevate NZ Venture Capital Fund nominating committee Finance MinisterNew Crown Directors Appointed to Airways and Kiwi Group Capital Boards
8 months ago | 1109 viewsState Owned Enterprises Minister Simeon Brown has appointed Mayurie Gunatilaka to the Airways Board and Susan Petersen to the Kiwi Group Capital Board, both for three-year terms. Gunatilaka brings extensive infrastructure governance experience to support Airways' air navigation services, while Petersen, also Chair of the Kiwibank Board, is the first KGC director to hold a position on Kiwibank’s Board, enhancing strategic alignment. These appointments aim to strengthen governance and leadership in critical sectors, with KGC adopting overlapping board memberships to boost strategic objectives while maintaining independent oversight.
Tags: Simeon Brown Mayurie Gunatilaka Susan Petersen Airways Board Kiwi Group Capital Kiwibank Board State Owned Enterprises Crown directors governance infrastructure planningGovernment Adds 31 Specialist Mental Health Beds at Manor Park Hospital
8 months ago | 1245 viewsThe Government is enhancing mental health support by adding 31 specialist beds at Manor Park Private Hospital, including 15 for adults with complex long-term needs and 16 psychogeriatric beds for secure and transitional care. This expansion aims to provide faster access to appropriate care, reduce hospital stays, ease emergency department pressure, and improve patient outcomes in the Hutt Valley and Capital Coast regions. The initiative is part of a broader mental health plan focused on better infrastructure, more frontline workers, and improved crisis response to deliver compassionate, effective care.
Tags: Matt Doocey Manor Park Private Hospital mental health support psychogeriatric beds Hutt Valley Capital Coast emergency departments mental health plan New Zealand GovernmentReserve Bank Eases Capital Requirements to Boost NZ Bank Competition and Lending
8 months ago | 1093 viewsFinance Minister Nicola Willis has welcomed the Reserve Bank’s decision to ease some capital requirements imposed on banks in 2019, including adjustments to risk weights. These changes aim to enhance competition, particularly benefiting smaller banks and increasing lending to key sectors like agriculture. The revised requirements maintain prudence while promoting a more balanced approach between risk management and fostering competition, with gradual implementation planned.
Tags: Nicola Willis Reserve Bank Finance Minister New Zealand banking sector capital requirements risk weights competition lending agriculture sectorGovernment Boosts School Maintenance Funding with 50% Increase from 2026
8 months ago | 793 viewsThe Government is significantly increasing school maintenance funding for the first time since 2010, raising the Five Year Agreement (5YA) base rate by 50% and doubling the minimum allocation for small schools starting July 2026. This investment aims to ensure classrooms are safe, warm, and dry, allowing schools greater certainty and flexibility to plan essential upgrades and modernizations over the long term. Additionally, a $58 million package has already provided over 2,400 schools with one-off grants to address urgent maintenance needs, receiving positive feedback from school communities.
Tags: Erica Stanford school property maintenance funding 5 Year Agreement school capital funding classroom upgrades small schools government investment school maintenance taxpayer moneyNew Zealand Tax and Social Policy Work Programme Enhances Economic Growth and Investment
10 months ago | 967 viewsRevenue Minister Simon Watts has announced a refreshed Tax and Social Policy Work Programme aimed at boosting the economy by attracting capital, talent, and small business investment. The program focuses on removing regulatory barriers, delivering a stable tax environment, and encouraging critical investment in infrastructure. Key pillars include attracting capital and talent, supporting small businesses, simplifying the tax system, and improving integrity through targeted consultations and practical reforms.
Tags: Simon Watts Tax Social Policy Work Programme New Zealand Capital Talent Small Business Investment InfrastructureNew Zealand Government Eases Climate Reporting Burden for Businesses to Boost Market Growth
10 months ago | 1052 viewsCommerce and Consumer Affairs Minister Scott Simpson announces changes to support business growth and capital markets in New Zealand. The Government is adjusting climate reporting regulations to reduce costs and encourage listings on the NZX. Changes include raising the reporting threshold, adjusting liability settings, and excluding managed investment schemes. These adjustments aim to ensure robust reporting, maintain market competitiveness, and provide clearer information on investments for KiwiSaver and managed funds.
Tags: Government business growth capital markets climate reporting compliance costs Scott Simpson market capitalisation climate disclosures KiwiSaver investment Financial Markets Conduct Amendment BillAccelerated Overseas Investment Decisions Boost New Zealand Business Growth and Job Creation
10 months ago | 971 viewsAssociate Finance Minister David Seymour highlights the importance of faster overseas investment decisions for businesses to access capital and create jobs with higher wages. Changes to the Overseas Investment Act have led to significant improvements in processing times, with almost 87% of consent applications processed faster than before. The government aims to streamline the process further to attract more investment, boost economic growth, and support job creation in New Zealand.
Tags: David Seymour LINZ Overseas Investment Act New Zealanders Minister Capital Investment Processing times National Interest Test Regulations