Mar 1, 2010
The New Zealand Government has announced that from March 1st 2010 credit ratings will be mandatory for non-bank deposit-takers (NBDT) operating within the country.
In a press conference held on March 1st Alan Bollard, New Zealand Reserve Bank Governor, said that the Reserve Bank intends to progressively introduce prudential measures to insure the resilience of New [...]
The New Zealand Government has announced that from March 1st 2010 credit ratings will be mandatory for non-bank deposit-takers (NBDT) operating within the country.
In a press conference held on March 1st Alan Bollard, New Zealand Reserve Bank Governor, said that the Reserve Bank intends to progressively introduce prudential measures to insure the resilience of New Zealand’s non-banking finance sector, and mandatory credit ratings for deposit-taking institution are an invaluable step in towards the goal.
By the new regulation, the largest finance companies, building ... Read More
Feb 9, 2010
In his first statement to the Parliament of the year, New Zealand Prime Minister John Key has outlined the Government’s intentions to focus on fostering economic growth for the country, indicating that several changes will be made to the national fiscal system.
At the first Parliament session of 2010, held on February 9th, John Key revealed [...]
In his first statement to the Parliament of the year, New Zealand Prime Minister John Key has outlined the Government’s intentions to focus on fostering economic growth for the country, indicating that several changes will be made to the national fiscal system.
At the first Parliament session of 2010, held on February 9th, John Key revealed the Government’s economic plans for 2010, emphasizing that attention will be paid to such issues as taxation, education, social services, resource and environmental issues, and constitutional ... Read More
Jan 22, 2010
The New Zealand Government has announced that it will launch an investigation into the possibility of reforming the national company registration process in the wake of controversy surrounding a New Zealand company’s involvement with North Korean weapons smuggling.
Simon Power, Commerce Minister of New Zealand, issued a press release on January 21st stating that he is [...]
The New Zealand Government has announced that it will launch an investigation into the possibility of reforming the national company registration process in the wake of controversy surrounding a New Zealand company’s involvement with North Korean weapons smuggling.
Simon Power, Commerce Minister of New Zealand, issued a press release on January 21st stating that he is requesting feedback from officials and industry figures regarding whether any aspects of the New Zealand company registration process can or need to be strengthened. Prime points of ... Read More
Jan 21, 2010
The New Zealand Government initiated research group, the Tax Working Group, has released its final report cataloging numerous tax changes it considers essential for the country.
On January 20th The Tax Working Group published its widely anticipate final report, which recommends thirteen primary changes to the New Zealand tax landscape, along with identifying concerns regarding the [...]
The New Zealand Government initiated research group, the Tax Working Group, has released its final report cataloging numerous tax changes it considers essential for the country.
On January 20th The Tax Working Group published its widely anticipate final report, which recommends thirteen primary changes to the New Zealand tax landscape, along with identifying concerns regarding the current tax situation.
The Tax Working Group report claimed that there is a lack of coherence, integrity and fairness within the country’s tax system, saying that a too ... Read More
