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NZ – still a great place to do business

Written By: - Date published: 10:00 pm, September 10th, 2008 - 33 comments
Categories: economy - Tags:

We can do good news here on the Standard! According to a World Bank survey shows New Zealand is still ranked second in the world when it comes to ease of doing business. Singapore ranked first with the United States third. According to Clayton Cosgrove:

…positive findings included that New Zealand was the easiest country in which to start a new business – taking just an hour, compared with an average of 13.4 days in developed countries.

New Zealand businesses also paid less tax as a percentage of their profits than either Australia or the average across all developed countries.

33 comments on “NZ – still a great place to do business”

  1. sean 1

    it might be a good place to come and do a business deal, but actually running a SME based in New Zealand is extremely difficult.

  2. CarlF 2

    Well, this certainly is cheering news. Can’t wait to share it with the next homeless person who taps me for small change.

  3. I thought this was supposed to be some sort of leftwing blog site. But you seem to be celebrating and heralding that the NZ economy is so ultra-business friendly.

    Isn’t this indicator one that reflects the degree that the neoliberal economic framework is still deeply embedded under this Labour Government?

    Bryce
    http://www.liberation.org.nz

  4. Quoth the Raven 4

    sean – What? Did you read it?

    CarlF – I suggest you take a walk on the streets of a major american city like L.A. or New York.

  5. Bryce. does being a dick give you pleasure?

  6. burt 6

    Steve P.

    I think Bryce is correct. The neoliberal economic framework is still deeply embedded under this Labour Government. That’s not all bad Steve, don’t throw the baby out with the bathwater. A framework is a framework, the best ones are ambivalent to their usage.

  7. Sorry Steve, but he’s right.

    All these ‘good’ things for business, are thanks to the ‘failed policies’ of the ’80s and ’90s.

    Just another example of a Rogernomics reform that everyone has adopted – because it works.

  8. “Bryce Edwards
    September 10, 2008 at 10:59 pm
    I thought this was supposed to be some sort of leftwing blog site. But you seem to be celebrating and heralding that the NZ economy is so ultra-business friendly.

    Isn’t this indicator one that reflects the degree that the neoliberal economic framework is still deeply embedded under this Labour Government?

    Bryce
    http://www.liberation.org.nz

    I think it shows the Labour Government has been doing a pretty good job. There needs to be a balance between social and economic policy. With the reforms of the 80’s it has been massively shifted towards economic policy, and society has suffered for it (not without some benifits, but it still has suffered.

    Policys like minimum wages do have the potential to hurt business, but they are socially important. This shows that things like the minimum wage, 4 weeks leave, continuation of the resource management act (far out imagine trying to make that law today!) are not hurting businesses in a greater way than they are beinifting society (hard to measure I know, disagree with me if you like).

    I think that Labour have done a good job because it is not something you want to push to far. As seen in the 80s when you push policy too far in one direction the consequences can be pretty full on. Labour has been slowly shifting the balance back towards social policy, in a way that is not seriously harming the business enviroment.

  9. jbc 9

    I notice that NZ is #1 in starting a business. This is not something a business does every day. Most only do it once so it is not particularly significant.

    How the hell are these things weighted? There is a yawning chasm between the top two countries.

    Paying Taxes, Employing Workers, and Trading Across Borders are things that many business do on an ongoing basis. These are the real “ease of doing business” factors. On these NZ is ranked 12th, 14th, and 23rd.

    Not quite so spectacular.

    Note that the country at #1 is ranked 1st, 2nd, and 1st on these factors.

    I’m sure that most ethical companies won’t find trouble with NZ’s employment law – but paying tax and trading across borders are surely key for attracting business to NZ.

  10. Paul Robeson 10

    Marleybone Cricket: When the ‘failed policies’ are refered to they mean the altruistic ideological madness that went hand in hand with Rogernomics.

    A more open economy than the one Muldoon ran has it’s advantages.

    However, slashing all our tariffs with out much reciprocity, fire selling our assests and shipping the profits overseas with reduced investment on key infrastructure, and declining productivity and wages because of a repressive labour market policy are generally the ones referred too…

    perhaps deregulation of the building industry as regards the standard of timber required (leaky homes made by cowboy developers- man was it easy for them!) or shortage in the trades due to the cutbacks in the apprenticeship scheme.

    These too are examples of failed policies. ACC,a major plus, compared to some alternatives isn’t a neo-liberal scheme.

    My take on the Standard is that it is a left wing NEW ZEALAND blog site. It likes New Zealand to do well and everybody to get their fair share of that.

    Or do you mean business friendly as in two or three people do well and the rest of you can just shut up and eat cake Bryce?

  11. Draco TB 11

    Bryce:

    I thought this was supposed to be some sort of leftwing blog site. But you seem to be celebrating and heralding that the NZ economy is so ultra-business friendly.

    People will always find a way to trade because it does bring benefits. Nobody can do everything so ease of trade is important to maintaining a high living standard. Being on the left doesn’t stop people from realising this simple fact.

    Isn’t this indicator one that reflects the degree that the neoliberal economic framework is still deeply embedded under this Labour Government?

    The embedding of the neoliberal paradigm is a worry – not because it eases trade but because it still centers around the capitalist/mercantalist class system that started a few centuries ago. Free trade’s fine but you can’t have free trade in a capitalist system.

    SP:

    Bryce. does being a dick give you pleasure?

    That’s uncalled for SP. Do try to debate the point rather than using ad hominem attacks on the poster. We really don’t want this place dropping to Kiwiblog standards.

  12. T-Rex 12

    jbc –

    Re: Tax. Take a look at the countries that are ahead and behind us respectively. We might not be top, but 12th is pretty good when you consider that the people beating us are places like Quatar, Saudi Arabia, Maldives.

    Paying company tax in NZ is a breeze. Within the space of 6 months last year I started a company, completed several transactions, filed FBT & GST quarterly returns and a final annual return, and ceased trading. Total cost was less than $200, I’ve never run (or held a senior position in) a company before, and my experience with accounting is limited to “I dated an accountant once, and my father’s a consulting economist so some of it probably rubbed off”. I don’t imagine either of those contributed anything other than a general mindset of “well, how hard can it be really?”. Answer – not very hard.

    International trade, on the other hand, I have little idea about, though having worked in a company that does the majority of it’s business internationally with a very small staff allocation to that role I have to assume it’s not particularly difficult. I wonder how much of our “score” in that regard relates to geographic isolation…

    Employing workers – like you say, ethical companies probably don’t run into many problems in this regard.

    So I’d say that our #2 spot on the list is well deserved really, or at least reasonably justified.

    Tax is reasonably competitive (in line with others in the area anyway) and companies in growth mode rarely pay much tax anyway. I’d say that the biggest thing NZ could do to attract business is train skilled workers. NZ is a bloody cheap place to employ highly skilled staff with experience.

    Me – I left, because at the moment my living costs are a tiny fraction of my income, and I while the proportion remains the same (in fact it’s probably proportionally more expensive where I am now) the absolute numbers are significantly different. Also, there’s a world that needs exploring. However, I imagine that once family etc starts coming along NZ will once again look like a pretty attractive place to head back to.

    For the short term, I think NZ needs to market itself to potential employees. Having f*cks like Peters and his racism out of parliament have got to help with getting skilled immigrants from places like China, India, Malaysia, South Africa etc.

  13. jbc 13

    T-Rex,

    Regarding Tax. True: although Ireland at #6 is possible a more relevant comparison (and also one that has transformed their wealth and OECD rankings over the past two decades).

    Your experiences with NZ tax are one thing. Mine are another. I worked as a contractor for a few years and IRD seemed to have an excellent ability to make things unnecessarily complicated. I had a tax agent but that didn’t seem to spare me the mess.

    Now I’ve been away for a few years I had almost forgotten the IRD knots. That was until earlier this week when I phoned the IRD non-resident centre with a simple NRWT question and hung up the phone feeling less informed than when I started.

    I guess my time in a simpler tax regime has distorted my reality or tainted my view of NZ tax. I know there are worse places.

    Back to the thread topic: my impression now is that NZ has taken de-regulation too far in some areas. Way too far. Yet in other areas it has put up obstacles, quicksand, mazes and minefields for people to navigate. All the result of narrow thinking taken too far in single policy areas.

    If a business comes knocking on NZ’s door – a business that ticks all the boxes for the things that NZ wants to foster – then NZ should roll out the red carpet, grease the wheels, escort them to their new home, and not walk away until they feel welcome. There is no such unified, coherent view at present.

    Sorry if this seems to be overly pro-business. I do not share the “profit at any cost” view. I despise shysters and business crooks as much as anyone. Peters and his pinstriped National ilk with the same MO can go to hell for all I care.

    I’d just like to see some attention spent at the top end of the economy as much as the bottom. Arguing over which end is more important is pointless. Both will always be with us.

    I have a family (all since leaving NZ) and I’d love to be back there. Oddly enough we are more welcome in our adopted home (as a family unit) than in our home countries. NZ seems to automatically presume my wife (with two university degrees and a professional career) is a criminal until proven otherwise. Waiting for a sign…

  14. Tane 14

    Bryce, we’re a broad church. I have a rather different view, which I may expand on if I have time later on.

  15. Lew 15

    jbc: I think you’ve declared it before, but forgive me if I can’t search the archives – what country? (Do I recall Singapore?) And where’s your wife from that she’s so misunderestimated by NZ folk?

    L

  16. Rubbish, we are nowhere near no 2.

    It is not the most difficult place in the world to do business(I run my own business so I should know)but high compliance costs, record high taxes/ACC costs, massive difficulties related to government imposed Labour legislation make my job way more difficult than it should be.

    Not good news at all.

    Cheers, Darren

    CAPTCHA “con” 🙂

  17. Paul Campbell 17

    i run a small business too – I’ve done that in California too – I really can’t get over how easy it is in NZ – especially stuff like PAYE and GST – ACC is annoying – but I was paying more in insurance and state disability insurance combined in CA (it just showed up in different places on the balance sheets).

    I did my monthly payroll/paye this morning – spent more time writing checks manually than I did filling out forms – spreadsheets rock – the tax changes next month? 2 lines in a spread sheet. GST? 5 minutes to fill out the form and they send ME a check most months

  18. randal 18

    darren…who do I believe…you or the world bank? that is a no brainer and if you cant run yur business then either what you are producing is not wanted by the consumer or you are not very good at it? which is it?

  19. Randall, as I explained, the high taxes, red tape and restrictive Labour laws have serious impacts on New Zealand Businesses.

    The World Bank also pushes the myth of Global Warming, so I know who I would rather believe.

    Cheers, Darren

  20. Vanilla Eis 20

    Now why is it that I’m more inclined to believe Paul Campbells post (who claims to have run a business in two countries, including the one given the #3 ranking) than Darren Rickard, who comes across as an ignorant buffoon?

  21. Phil 21

    “I dated an accountant once”

    Could she do it without losing her balance, ‘rex?

  22. randal 22

    darren you still have not explained the connection between the world bank and your business…methinks you have gathered up a colllection of the ‘hard done by party’s’ slogans and fitted up some sort of shonkey argument to strike fear into ordinary kiwi’s hearts.

  23. Paul Campbell 23

    I didn’t add that I’m also paying tax at a lower rate in NZ – in California I was paying a marginal rate of 33% federal, 10% state (plus 6% social security up to ~$90k) – so 43% in CA compared with 39% in NZ

    To be fair (the tax steps kick in at lower levels in NZ but are offset by that added flat 6% in the US (basically for govt super) on the first $90k.

    Capital gains tax in the US is the same as income tax unless you own the investment for 2 years or more when it’s 25% (compared with 0% in NZ)

    Sales tax in CA is ~8.25% compared with 12.5% in NZ – compliance costs are much much higher though because every county has a slightly different addition to that base 8.25% so you have to keep carefull records of where you sell stuff to

  24. Dom 24

    Darren, your whole ‘I should know’ argument appears to be a matter of opinion, not fact.

    I run my own business too and have since 1993 so re your “massive difficulties related to government imposed Labour legislation” argument – my experience is that I spend less time than I did in the mid-1990s under a National government.

  25. Vanilla, I cant reply to you because your post has no content and only insults.

    Randall, I made no connection to The World Bank/ Business and therefore my business. You did in your initial post!

    There are a whole host of other business taxes, local and state that you guys are not being honest and upfront with when doing business in New Zealand.

    I would rather listen to people like Don Braid from Mainfreight who echo the sorts of things I am saying.

    Why do you guys insult others with different opinions to yours?

    Cheers, Darren

  26. CarlF 26

    Quoth the Raven writes:
    “I suggest you take a walk on the streets of a major american city like L.A. or New York.”
    So the United States, with 20 per cent of its population living in poverty and its discombobulated middle classes, is our socioeconomic model then is it? With the number of US programmes on TV I should have recognized that.
    The rot began of course a half-century ago, long before Condi was to drop in on her parishional rounds. Oldies may recall the student refrain:
    “Peter Fraser used to raise a flag of bloody red,
    Shouting out the battle cry of Freedom,
    But when we see him now he waves the Stars and Stripes instead . . .”

  27. Darren Rickard, what you are saying is that your subjective experiance of doing business in one country is superior, more accurate and better informed than the world banks objective survey of many many countries. That is why people here don’t believe you.

  28. Gosh who’d have thought that little ol’ NZ was still a great place. Certainly NOT the National Party, according to them NZ sucks.

  29. jbc 29

    Lew,

    NZ Immigration wants police reports from Korea, Australia, and Singapore (being country of citizenship plus countries of stay greater than X years – forget the number) plus a couple of thousand dollars cash for the trouble of considering the application. I’m not sure what kind of snooping they will do to determine whether we are a genuine family.

    Contrast with the present situation. We are all foreigners. Applying to stay is a breeze. I vaguely recall needing a copy of a university degree and/or marriage certificate way back whenever. It might have cost $20 or $40. Certainly nothing significant.

    I know that the basis of our permission stay here is different to what it would be in NZ – but the net effect is that NZ doesn’t exactly make it easy (me and the kids are all NZ citizens).

    The need for all those police reports is curious when you consider that most people think Singapore would be more strict than NZ.

  30. jbc 30

    I should also point out that my comment on immigration is not a complaint, just an observation. Of course we can deal with the process if we want to – but if you’re undecided then it does give you pause. My partner’s first reaction to the request was not overly positive (putting it mildly).

    For the people that would walk over broken glass (or at least tile some MPs roofs) in order to live in NZ I suppose the police report is an insignificant matter. 🙂

  31. Jarvis Pink 31

    I’ve been running a small business for 5 years. I have a low pain threshold when it comes to paperwork and spreadsheets and I’ve found the process to be pretty straightforward and stress-free.

    On Bryces original point: even if one takes the view that NZ is TOO business friendly, the WB assessment is good news politically for the left. It undermines National’s message that businesses are struggling under the oppressive weight of an over-burdensome regime from which only the Nats can rescue them.

  32. Paul Robeson 32

    Darren people always attempt to get a better deal for themselves. That’s why they are vocal about the things that are difficult for them.

    Doesn’t mean the one they have got is fairly darn good.

    You would be suprised. Labour laws? Don’t make me laugh. In Queensland until fairly recently jobs would be advertised at ‘award wages’. That’s Australia where everything is allegedly greener with the 8 or 9 Labour governments. It was even law for a while there in recent history to have to pay time and a half on the weekend I seem to recall.

  33. higherstandard 33

    A more detailed analysis here for those interested.

    http://www.nbr.co.nz/comment/nevil-gibson/nz-second-best-country-business

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    RedlineBy Admin
    5 days ago
  • Time for a living wage for supermarket workers
    Since the lockdown began, we've all suddenly been reminded who the actually essential workers in our society are: not the people at the top who pay themselves the big bucks and rort the perks, but the people at the bottom they screw over and squeeze: cleaners, warehouse staff, truck drivers ...
    No Right TurnBy Idiot/Savant
    5 days ago
  • Hard News: MUSIC: Lockdown Grooves
    Kia ora! As I've watched nearly all my remaining work vanish over the past couple of days, it has occured to me that one good way to keep me away from arguing with fools on Twitter all the time (in the knowledge that all we're really doing is processing our ...
    5 days ago
  • A place of greater safety?
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    5 days ago
  • The police and public trust
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    No Right TurnBy Idiot/Savant
    5 days ago
  • Life in Lock Down: Day 4
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    Frankly SpeakingBy Frank Macskasy
    5 days ago
  • COVID-19 vs New Zealand
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    5 days ago
  • 2020 SkS Weekly Climate Change & Global Warming Digest #13
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    5 days ago
  • Rāhui day 4
    The kids did surprisingly well today – meltdown count was about 3, and mostly fairly short ones. (And a fourth while I was writing.) Game-wise I had a go at Fell Seal: Arbiter’s Mark. It’s a fairly standard RPG with turn-based combat and what they call a “mature storyline” (it ...
    The little pakehaBy chrismiller
    5 days ago
  • Letter to a friend
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    RedlineBy Daphna
    5 days ago
  • Life in Lock Down: Day 3
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    Frankly SpeakingBy Frank Macskasy
    6 days ago
  • 2020 SkS Weekly Climate Change & Global Warming News Roundup #13
    A chronological listing of news articles linked to on the Skeptical Science Facebook Page during the past week, i.e., Sun, Mar 22, 2020 through Sat, Mar 28, 2020 Articles Linked to on Facebook Sun, Mar 22, 2020 In Just 10 Years, Warming Has Increased the Odds of Disasters by Chelsea Harvey, ...
    6 days ago
  • Rāhui day 3
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    The little pakehaBy chrismiller
    6 days ago
  • A test of civil society.
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    KiwipoliticoBy Pablo
    7 days ago
  • Life in Lock Down: Day 2
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    Frankly SpeakingBy Frank Macskasy
    7 days ago
  • How Do You Feel? What Do You Think?
    Fortune's Children: Under extraordinary pressure, the leader of the Government and the leader of the Opposition will each show us what they are made of. Have they been blessed with intelligence, grace, wit, poise, toughness, empathy and humour – and in what measure? More importantly, to what extent have they ...
    7 days ago
  • Landlords are NOT an essential service
    If you’ve ever had the misfortune of having to rent a property on the open market in New Zealand, which is one of the most expensive in the entire world, you’ll likely be keenly aware of just how arrogant and entitled landlords and their real estate agents can be.Unfortunately for ...
    7 days ago
  • A “new Society” post-COVID19 will definitely emerge. The question is: on what path?
    Society-wise, aside from the specific morbidity shall we say of the medically-oriented aspects of this COVID-19 crisis, what is unfolding before the world is in more than one way an instructive study of humanity and reactions to a high intensity, high stress environment in real time. Friends, we are at ...
    exhALANtBy exhalantblog
    1 week ago
  • Raise the Bar: Everything you need to know about the wage subsidy
    Right now low waged and insecure workers are feeling the economic brunt of the looming #Covid19 Recession. In response legal advocate Toby Cooper* and hospitality and worker’s rights advocate Chloe Ann-King, are putting together a series of legal blogs about your employment rights: In this legal blog we outline some ...
    PosseBy chloeanneking
    1 week ago
  • The massacre of prisoners in Modelo jail, Bogota, March 21
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    RedlineBy Admin
    1 week ago
  • We are not America
    When the government banned semi-automatic weapons in response to a terrorist atrocity, gun-nuts were outraged. Mired in toxic American gun culture, they thought owning weapons whose sole purpose was killing people was some sort of "constitutional right", a necessity for "defending themselves" against the government. Now, the Court of Appeal ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • When will we know the lockdown is working?
    Just before midnight on Wednesday March 25, Aotearoa New Zealand entered a countrywide alert level four lockdown. For at least the next four weeks, everyone who isn’t an essential worker is confined to their bubble. We are doing this to stop the explosive growth in people contracting and dying from ...
    SciBlogsBy Siouxsie Wiles
    1 week ago
  • Lock Down: Day 1
    . . Lock Down: Day 1 – A photo essay with observations . Day one of the Level 4 nationwide lock-down (or, DefCon 4 as I sometimes cheekily call it) started at 11.59PM on 25 March. For a moment, most of the nation held it’s collective breath. In that brief ...
    Frankly SpeakingBy Frank Macskasy
    1 week ago
  • A Compelling Recollection.
    Broad, Sunlit Uplands: How those words fired my young imagination! Or, perhaps, it is more accurate to say: how those words fused, in my young mind, with the image printed on every packet of Fielder’s Cornflour. Always fascinated by history, especially modern history, I cannot hear Churchill’s wonderfully evocative words, even ...
    1 week ago
  • The Warehouse – where everyone gets a virus
    . . 24 March 2020 9.46AM Number of covid19 cases in Aotearoa New Zealand: 102 . As of 11.59 on Thursday, most of New Zealand will go into “lock down”. People will be expected not to travel to work; not to socialise; and to stay home. I will not be ...
    Frankly SpeakingBy Frank Macskasy
    1 week ago
  • Aggressive action to address climate change could save the world $145 trillion
    This is a re-post from Yale Climate Connections A respected research group, Project Drawdown, finds that deploying solutions consistent with meeting the Paris climate targets would cost tens of trillions of dollars globally. But crucially, those outlays would also yield long-term savings many times larger than the up-front costs. The new 2020 Drawdown ...
    1 week ago
  • After the Pandemic
    It will pass. What happens next? Not immediately, but longer term. There are many opinions, fewer certainties. Will it “change everything!” as many confidently, and contradictorily predict? In this post I look at how foresight can help bound some of the uncertainties so you can more objectively consider the future. ...
    SciBlogsBy Robert Hickson
    1 week ago
  • Coronavirus – Cuba shows the way
    We’ve been meaning t write something on Cuba and the coronavirus but have just discovered a very good article on the subject in the US left publication Jacobin.  The article looks at how Cuba, a poor country but one where capitalism has been done away with, is leading the way ...
    RedlineBy Admin
    1 week ago
  • Using privacy law to prevent the death penalty
    In 2018, El Shafee Elsheikh and Alexanda Kotey - two British citizens who had purportedly been stripped of their citizenship by the British government - were captured while fighting for Isis in Syria. The British government then conspired to hand them over to the US, and agreed to provide evidence ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • It’s Time For Disaster Socialism.
    Transformers: The disaster of the Great Depression was transformed into a new and fairer society by the democratic socialism of the First Labour Government. The disaster of the Covid-19 Pandemic offers a similar transformative possibility to the Labour-NZ First-Green Government. Seize the time, Jacinda! You will never have a better ...
    1 week ago
  • Skeptical Science New Research for Week #12, 2020
    Tamper with The System? Well, we already are. But there's a difference between accidentally trickling sand into a precision gearbox versus formulating a plan to alter it on the fly with improvements in mind. One action is more or less innocently unscrupulous, the other amenable to earning an easy ...
    1 week ago
  • Avoidable hospitalisations: Helping our health system get through COVID-19
    Associate Prof George Thomson, Louise Delany, Prof Nick Wilson While it is possible that New Zealand can use intense public health controls to eradicate COVID-19 from the country – we must also plan for other scenarios where thousands of New Zealanders are sick – including many urgently hospitalised.1 Better resilience ...
    SciBlogsBy Public Health Expert
    1 week ago
  • Raise the Bar: 10 questions to ask your employer proposing redundancy
    Kia ora my name is Chloe Ann-King* and I am the founder of Raise the Bar, a campaign and non-profit that gives free legal aid, advocacy and tautoko to hospitality workers in Aotearoa. Right now all over our country hospo workers are being fired at will, having shifts cut or being ...
    PosseBy chloeanneking
    1 week ago
  • An equitable way to support business
    The Herald reports that the government is planning to lend billions of dollars to large businesses to keep them operating during the pandemic. As with mortgage relief, this is necessary: we need companies to stay in business, to reduce the economic damage and help things get restarted again when this ...
    No Right TurnBy Idiot/Savant
    1 week ago
  • Hard News: Together Alone
    We're about to do something unprecedented as a nation. We hope that by taking this extraordinary action before a single life in New Zealand has been lost to the deadly novel virus we will save tens of thousands of lives. Our  lives. We'll do it together, in households, in isolation ...
    1 week ago
  • Why timing is everything: ‘A time to refrain from embracing’ starts today
    “There is a time for everything,    and a season for every activity under the heavens.”So writes the author of Ecclesiastes, a book in the Old Testament that’s counted as a ‘wisdom’ book and written as if by an unnamed king of Jerusalem. But who would have thought there would be a time ...
    PunditBy Tim Watkin
    1 week ago
  • Dealing with the Covid-19 Tsunami.
    I was surprised when the prime minister described the Economic Response to Covid-19 package as the ‘largest peacetime government spend in New Zealand's history’. Reflecting – checking through history – I realised that the term ‘spend’ was crucial and the package had no income tax cuts. Even so, it has ...
    PunditBy Brian Easton
    1 week ago

  • Further measures to support businesses
    The Government will be introducing legislation to make changes to the Companies Act to help companies facing insolvency due to COVID-19 to remain viable and keep New Zealanders in jobs. The temporary changes include: Giving directors of companies facing significant liquidity problems because of COVID-19 a ‘safe harbour’ from insolvency ...
    BeehiveBy beehive.govt.nz
    15 hours ago
  • Govt’s COVID plan, economic strength recognised
    The Government’s plan to cushion the blow of COVID-19 by supporting incomes, jobs and businesses, and position the economy to recover has been backed by another international report. International credit rating agency Moody’s today reaffirmed its highest Aaa credit rating on New Zealand, saying the economy is expected to remain ...
    BeehiveBy beehive.govt.nz
    19 hours ago
  • Funding certainty for sports through COVID-19
    National sports organisations have been given certainty of funding to ensure they can remain viable through the COVID-19 pandemic, Sport and Recreation Minister Grant Robertson announced today. “The global spread of COVID-19 has had a significant impact on sport and recreation in New Zealand, including the cancellation or postponement of ...
    BeehiveBy beehive.govt.nz
    1 day ago
  • Butchers now allowed to process pork
    Changes have been made to allow butchers to process pork, only for supply to supermarkets or other processors or retailers that are open, Agriculture Minister Damien O’Connor has announced. “We carefully weighed the risk of allowing butchers to open their shops for retail customers, but the risk of spreading COVID-19 ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Essential workers leave scheme established
    Essential workers who take leave from work to comply with public health guidance are being supported with a leave scheme to ensure they will continue to receive income, say the Minister of Workplace Relations and Safety Iain Lees-Galloway and Minister for Social Development, Carmel Sepuloni. A number of essential businesses ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Govt WhatsApp helps share COVID-19 information
    A Government WhatsApp channel has been launched to help make information more easily accessible and shareable in the fight against COVID-19. Govt.NZ, which is free to use on any mobile device, will carry information and news for the public, businesses, healthcare providers, not for profits and local government. It can ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Managed departure plan for stranded foreign nationals enables safe, orderly exit
    The Government has announced a plan to enable the safe, orderly exit of tens of thousands of stranded foreign nationals from New Zealand during the current COVID-19 Alert Level 4 restrictions, Deputy Prime Minister and Foreign Minister Winston Peters has said. “When we moved into lockdown a week ago, the ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Government delivers COVID-19 support to GPs and Pharmacies
    Health Minister Dr David Clark says the Government is delivering on its commitment to support general practice doctors and nurses, and pharmacies on the front-line of our fight against COVID-19. "For us to overcome COVID-19, we need community health services such as general practice and community pharmacy to step up ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Susan Thomas the new Chief High Court Judge
    Justice Susan Thomas has been appointed Chief High Court Judge, Attorney-General David Parker announced today.  She replaces Justice Geoffrey Venning who has resigned from the position.   David Parker paid tribute to Justice Venning, who he said had stewarded the High Court very capably over the last five years.   “On behalf ...
    BeehiveBy beehive.govt.nz
    2 days ago
  • Business Finance Guarantee – applications open
    Businesses can start applying to their banks for loans under the Business Finance Guarantee Scheme set up to support the New Zealand economy during the COVID-19 pandemic. “We’re moving quickly to protect New Zealand businesses, jobs and the economy during this unprecedented global economic shock,” Finance Minister Grant Robertson said. ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Work starts on ways to fast-track consents to boost recovery from Covid-19 downturn
    Work is underway looking at measures to speed up consents for development and infrastructure projects during the recovery from COVID 19, to provide jobs and stimulate our economy.  Environment Minister David Parker said the COVID-19 pandemic is a serious global crisis that will have a wide ranging and lasting impact ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Advance payments to support contractors
    Advance payments will be made to transport construction industry contractors to retain the workforce and ensure it is ready to quickly gear up to build projects which will be vital to New Zealand’s COVID-19 economic recovery, Transport Minister Phil Twyford announced today. He said keeping the workforce required to build ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Government seeks infrastructure projects
    The Government has tasked a group of industry leaders to seek out infrastructure projects that are ready to start as soon as the construction industry returns to normal to reduce the economic impact of the COVID-19 pandemic, Economic Development Minister Phil Twyford and Infrastructure Minister Shane Jones say. The Infrastructure ...
    BeehiveBy beehive.govt.nz
    3 days ago
  • Health system scaled up to prepare for COVID-19
    Work to scale up the health system in preparation for COVID-19 was today outlined by Health Minister David Clark, as he reported back to the new Epidemic Response Committee. “We are well placed to contain the spread of COVID-19. We have taken early and decisive action at our borders, and ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Essential media COVID-19 guidelines refined
    The Government is refining its COVID-19 essential business guidance to include the distribution of news publications for communities which are hard to reach. The Minister of Broadcasting, Communications and Digital Media, Kris Faafoi, said the move was in recognition of the importance for New Zealanders who might be harder to ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Supermarkets able to open on Easter Sunday
    The Government is ensuring supermarkets can open on Easter Sunday so we can buy groceries, but stay closed on Good Friday allowing workers to take a break. This provides a balanced approach and ensures we avoid large queues that two days closure may cause. “Supermarkets will be able to open ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • New Zealand defence personnel conclude mission at Taji
    Following the successful conclusion of the Building Partner Capacity (BPC) mission at Taji, New Zealand defence personnel are returning to New Zealand from Iraq, in accordance with the Cabinet decision made in June 2019, Foreign Affairs Minister Winston Peters and Defence Minister Ron Mark announced today. “New Zealand is very ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • State of National Emergency extended
    The State of National Emergency to help stop the spread of COVID-19 has been extended for a further seven days, Minister of Civil Defence Peeni Henare said. The initial declaration on March 25 lasted seven days and can be extended as many times as necessary. “Since we went into isolation ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Strong Govt books support ‘go hard, go early’ response
    New Zealand’s ability to go hard and go early in the fight against COVID-19 has been underpinned by strong Government finances and the growing economy heading into this global pandemic, Finance Minister Grant Robertson says. The Treasury today released the Crown financial statements for the eight months to the end ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Christchurch Hospital Hagley ICU to open to support COVID-19 response
    Health Minister Dr David Clark says 36 new intensive care beds at Christchurch Hospital’s new Hagley building are being fast tracked so they are available for treatment of COVID-19 patients.   The Ministry of Health is working with contractor CPB and Canterbury DHB to enable access to the hospital’s ICU, ...
    BeehiveBy beehive.govt.nz
    4 days ago
  • Government supports Air NZ freight flights
    The Government has fast-tracked up to $1 million to help Air New Zealand move urgent freight to and from New Zealand, with the first flight to Shanghai leaving tonight, Transport Minister Phil Twyford announced today. Phil Twyford says it’s crucial that trade in vital goods such as medical supplies and ...
    BeehiveBy beehive.govt.nz
    5 days ago
  • Tariff concessions on COVID-19 related products
    New Zealand will temporarily remove tariffs on all medical and hygiene imports needed for the COVID-19 response. Trade and Export Growth Minister David Parker and Commerce and Consumer Affairs Minister Kris Faafoi said today that the New Zealand Customs Service will apply tariff concessions to all diagnostic reagents and testing ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Clarification of modification to wage subsidy scheme
    Minister of Finance Grant Robertson has clarified that the changes to the wage subsidy scheme announced yesterday mean that employers should be passing on the full subsidy to workers, except in the case where the person’s normal income is less than the level of the subsidy. “We still want employers ...
    BeehiveBy beehive.govt.nz
    7 days ago
  • Face masks flowing to DHBs
    Medical face masks from the national reserve supply are now being distributed to District Health Boards, while at the same time local production is being ramped up. Yesterday more than 640,000 masks were sent to DHBS – that is an immediate two week supply, with more to follow in coming ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • COVID-19: Further steps to protect New Zealanders’ jobs
    The Government has made modifications to the wage subsidy scheme to ensure people don’t lose their jobs during the national lockdown. These changes will soften the impact of COVID-19 on workers, families and businesses, and position them to exit the lockdown and look to recovery, Finance Minister Grant Robertson says. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Tax relief for Mycoplasma Bovis farmers
    Farmers whose herds were culled in response to the outbreak of Mycoplasma bovis will be able to minimise the tax treatment of their income in some circumstances. Revenue Minister Stuart Nash says Cabinet has agreed to change the law. It means farmers may be eligible to spread their income over ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • $27 million for NGOs and community groups to continue providing essential services
    A $27 million dollar package, effective immediately, is being provided to social sector services and community groups to ensure they can continue to provide essential support to communities as we stay at home as a nation to stop the spread of COVID-19, Minister for Social Development Carmel Sepuloni announced. “At ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Statement on guilty plea of March 15 terrorist
    “The guilty plea today will provide some relief to the many people whose lives were shattered by what happened on March 15,” Prime Minister Jacinda Ardern said. “These guilty pleas and conviction bring accountability for what happened and also save the families who lost loved ones, those who were injured, ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • COVID-19 updates
    The Prime Minister is holding daily press conferences to update New Zealanders on the Government's response to COVID-19. Links to videos and transcripts of these updates below. These transcripts also include All of Government press conferences led by Director Ministry of Health's Director-General of Health Dr Ashley Bloomfield. 25 March: Live update from the Prime ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Police numbers break through 10,000 mark
    Frontline Police numbers have broken through the 10,000 mark for the first time in history as officers step forward to keep the community safe during the COVID19 lockdown. “Two Police graduations in Auckland and Wellington in the past week have been conducted in unprecedented circumstances,” Police Minister Stuart Nash said. ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Urgent tax measures for economic recovery
    Urgent legislation has been passed to support the package of economic and social measures needed to recover from the impact of the coronavirus outbreak. “The COVID-19 Response (Taxation and Social Assistance Urgent Measures) Bill will cushion New Zealanders from the worst economic impacts of the COVID-19 outbreak,” said Revenue Minister ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Further support for farmers and growers as drought persists
    From tomorrow, Government support for farmers and growers affected by drought will be expanded and extended across the country, with access to Rural Assistance Payments (RAPS) available throughout the North Island, parts of the South Island and the Chatham Islands, Social Development Minister Carmel Sepuloni announced. “These challenging conditions have ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • COVID-19: Temporary changes to Education Act
    Parliament has passed amendments to legislation that give the Secretary of Education stronger powers to act in the fight to limit the spread of COVID-19, Education Minister Chris Hipkins said today. “They are part of a suite of changes passed under the COVID-19 Response (Urgent Management Measures) Legislation Bill,” Chris ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Canada, Australia, Chile, Brunei and Myanmar join NZ and Singapore in committing to keeping supply a...
    Canada, Australia, Chile, Brunei and Myanmar have joined forces with New Zealand and Singapore by committing to keep supply chains open and remove any existing trade restrictive measures on essential goods, especially medical supplies, in the face of the Covid-19 crisis.  Trade and Export Growth Minister David Parker today welcomed ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • COVID-19: Rent increase freeze and more protection for tenants
    Immediate freeze on rent increases Tenancies will not be terminated during the lock-down period, unless the parties agree, or in limited circumstances Tenants who had previously given notice can stay in their if they need to stay in the tenancy during the lock-down period Tenants will still be able to ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Working together to protect businesses and workers
    As New Zealand unites to lock-down in the fight against COVID-19, the Finance Minister is urging all businesses and workers to stay connected over the next four weeks. “We understand the extreme pressure many businesses are under right now. I know most business owners think of their workers as family ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • State of National Emergency declared to fight COVID-19
    A State of National Emergency has been declared across the country as the Government pulls out all the stops to curtail the spread of COVID-19. “Today we put in place our country’s second ever State of National Emergency as we fight a global pandemic, save New Zealanders’ lives and prevent ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Prime Minister’s statement on State of National Emergency and Epidemic Notice
    Mr Speaker I wish to make a Ministerial Statement under Standing Order 347 in relation to the recent declaration of a State of National Emergency. Having considered the advice of the Director Civil Defence Emergency Management, the Minister of Civil Defence declared a State of National Emergency for the whole of ...
    BeehiveBy beehive.govt.nz
    1 week ago
  • Deadline for domestic travel extended
    People needing to travel on domestic flights, trains and Cook Strait ferries to get home before the country moves into level 4 lock-down tomorrow night will be able to continue using the passenger services until midnight on Friday, Transport Minister Phil Twyford said today. Domestic passenger services, particularly ferries, have ...
    BeehiveBy beehive.govt.nz
    2 weeks ago
  • Mortgage holiday and business finance support schemes to cushion COVID impacts
    The Government, retail banks and the Reserve Bank are today announcing a major financial support package for home owners and businesses affected by the economic impacts of COVID-19. The package will include a six month principal and interest payment holiday for mortgage holders and SME customers whose incomes have been ...
    BeehiveBy beehive.govt.nz
    2 weeks ago