Finance Press Releases

Changes to New Zealand’s company tax rate will make our country more competitive internationally, Finance Minister Bill English claims.

Reserver Bank Governor Alan Bollard says that the RBNZ’s Statement of Intent 2010 – 2013 shows a commitment to maximising the RBNZ’s contribution to sustainable economic growth through financial and price stability.

John Duncan, Torchlight MD confirmed the $100m loan arranged for South Canterbury Finance (SCF) was unaffected by the statutory management of Allan and Jean Hubbard business interests.

The Government has placed Mr Allan Hubbard, Mrs Margaret Hubbard, Aorangi Securities and seven charitable trusts into statutory management, following a recommendation from the Securities Commission. A number of matters have been referred to the Serious Fraud Office.

Dr Allan Bollard of the Reserve Bank of New Zealand (RBNZ) addresses the Wellington Chamber of Commerce on the action New Zealand needs to take to address imbalances.

Reserve Bank Governor Allan Bollard raises the OCR to 2.75 percent saying that the economy has entered its second year of recovery with growth becoming more broad-based.

A GST Advisory Panel has been established to help businesses and the Government implement the GST increase in Budget 2010.

Personal tax cuts in Budget 2010.

Depreciation Loading changes in Budget 2010.

GST changes and compensation in Budget 2010.

LAQC and QC changes in Budget 2010.

Across the board tax cuts and a package of other tax changes will strengthen economic growth and help families get ahead here in New Zealand, Finance Minister Bill English and Revenue Minister Peter Dunne say.

A new investment website connects foreign investors to New Zealand business networks quickly and efficiently.

The Reserve Bank hold the Official Cash Rate of New Zealand at 2.5% with Reserve Bank Governer Allan Bollard predicting a pick-up in growth further through 2010 for the NZ economy.

GE Money offer 10 financial savings tips for helping with savings particularly over the holiday season as well as through into 2010.