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Invest In NZ News

  • Supporting world class health research in NZ

    Minister of Health Jonathan Coleman and Minister of Science and Innovation Paul Goldsmith today launched New Zealand’s first Health Research Strategy which aims to increase the excellence and impact of government investment in health research.

    “Investment in health research is crucial to delivering better health outcomes for New Zealanders,” says Dr Coleman.

  • $258,000 for Whangarei Falls project

    A Northland Regional Council project to improve water quality at Otuihau/Whangarei Falls has received a $258,000 Community Environment Fund grant, Environment Minister Dr Nick Smith announced today.

     

  • Better protection for creditors from tax debtors

    Creditors are poised to receive greater protection from businesses owing debts of more than $150,000 as the Government has now set a threshold for reportable tax debt, Revenue Minister Judith Collins says.

  • Online job ads continue growing strongly

    Tertiary Education, Skills and Employment Minister Paul Goldsmith says the latest Jobs Online report shows strong growth in online job advertisements at 11.8 per cent in the year to May.

    The report, released today by the Ministry of Business, Innovation and Employment (MBIE), shows overall online job advertisements grew by 0.6 per cent in May, taking yearly growth to 11.8 per cent.

  • Group appointed to develop new code of conduct for financial advice

    Nine people have been appointed to a working group to develop the new code of conduct for financial advice, Commerce and Consumer Affairs Minister Jacqui Dean announced today.

    “The new code of conduct will be wider in scope than the existing code and will set standards of competence, conduct and client-care for the whole financial advice industry,” Ms Dean says.

  • Funding approved for Auckland’s Lincoln Road improvements

    Transport Minister Simon Bridges is welcoming the approval of $46.4 million in advanced funding by the NZ Transport Agency to Auckland Transport for the construction of the Lincoln Road Corridor Improvements Project.

    “This is great news for Aucklanders. This project will help to create a much better transport system for this rapidly growing part of the city,” Mr Bridges says.

  • PACER Plus NIA released as agreement tabled

    Trade Minister Todd McClay tabled the PACER Plus trade and development agreement in Parliament today and has released the National Interest Analysis (NIA), which sets out the benefits of this landmark agreement.

    Mr McClay says that PACER Plus is a high quality trade and development agreement which will help drive sustainability and economic certainty for our Pacific Island neighbours.

  • $6m for more youth enterprise initiatives

    Youth Minister Nikki Kaye tonight announced details of the $6 million investment over four years under Budget 2017 to fund more youth enterprise initiatives.

    Ms Kaye made the announcement at Victoria University’s Rutherford Building in Wellington, where eight teams of young people had gathered to take part in the Greater Wellington Region finals of a ‘Dragons' Den’ competition, pitching their ideas for innovative companies to a panel of local business leaders for a share of $5000 of prize money.

  • More investment in apprentices

    The Minister for Tertiary Education, Skills and Employment Paul Goldsmith and the Associate Minister for Tertiary Education, Skills and Employment Louise Upston today announced a further increase in funding over the next four years to support work-based training.

    “With the real need for more skilled workers, approximately 38,000 through to 2020, I am pleased to announce a further $7 million investment in apprentices and industry training over the next four years,” says Mr Goldsmith.

  • New proposals to simplify personal income tax

    The Government is proposing to make tax simpler for individuals, with people whose only income is from a salary, wages or investments no longer being required to file tax returns to receive tax refunds or to calculate any additional tax.

    The consultation document, Better administration of individuals’ income tax, was released today by Finance Minister Steven Joyce and Revenue Minister Judith Collins.

  • Financial Markets Authority appointment

    Commerce and Consumer Affairs Minister Jacqui Dean has today announced the appointment of Elizabeth Longworth to the Financial Markets Authority.

    “I am pleased to confirm Ms Longworth’s appointment to the FMA for a term of three years,” Ms Dean says.

    “Ms Longworth brings to the FMA strong international policy and regulatory experience, as well as valuable governance and legal experience.

  • Government’s open data gets $7.2 million boost

    New Zealanders will get access to more ‘open data’, with $7.2 million earmarked for the next three years to speed its release, Statistics Minister Scott Simpson announced today.

    “Open data helps businesses, councils, community and charitable groups as well as other data users make faster, better-informed decisions and help solve complex problems. High quality data makes it easier for businesses to innovate and grow,” Mr Simpson says.

  • NZ support for energy upgrade in Tonga

    Prime Minister Bill English has announced funding to kickstart a major upgrade of the electricity network in the Tongan capital.

    New Zealand’s early commitment is expected to assist Tonga to attract other investors for the project.

    “Our $5 million support will help provide safe, reliable electricity to around 8,500 households and businesses in Nuku’alofa and save around $1.1 million a year through reduced line losses,” Mr English says.

  • Government supports Z Energy recycling

    Z Energy are installing new forecourt recycling facilities at 117 of their retail sites with a grant of $218,000 from the Government’s Waste Minimisation Fund.

    Associate Environment Minister Scott Simpson announced the new initiative today at a pilot forecourt on Highbrook Drive in East Tamaki.

  • New guide to investing with Māori launched

    Economic Development Minister Simon Bridges has today launched a new guide for potential investors highlighting opportunities in the Māori economy.

    Speaking at the He kai kei aku ringa – E RERE Māori economy conference in Rotorua, Mr Bridges told the audience that Māori have huge potential to lift the New Zealand economy.

  • Lower cost option for sending annual reports

    Listed companies and other financial markets businesses will now have alternative options for sending annual reports, saving them money and time, says Commerce and Consumer Affairs Minister Jacqui Dean.

    “Cabinet has agreed to changes to the Financial Markets Conduct Regulations 2014 which will allow ‘FMC reporting entities’ to reduce the number of annual reports they send,” Ms Dean says.

  • Global demand fuelling forestry export growth

    Strong demand from key markets is driving up export growth in forestry products, Associate Primary Industries Minister Louise Upston says.

    The latest Ministry for Primary Industries’ Situation and Outlook for Primary Industries (SOPI) shows strong growth in the forestry sector.

  • GDP underlines importance of economic focus

    GDP figures out this morning are a reminder of the importance of focusing on policies that create and sustain economic growth, Finance Minister Steven Joyce says.

    New Zealand's GDP grew a slightly lower than expected 0.5 per cent in the March quarter, taking New Zealand's growth rate for the year to 3.0 per cent.

  • New storage rules benefitting brewers

    Customs Minister Tim Macindoe has today seen first-hand the positive impact new offsite storage regulations are having on small to medium sized breweries.

    Before February 2017, only wine makers could move stock to offsite facilities and delay the point at which they paid excise duty. All other alcohol producers paid duty as their product left the site of manufacture, regardless of whether it was to be stored before going to market.

  • McClay to Washington for high-level trade talks with Trump administration

    Trade Minister Todd McClay will make New Zealand’s first official ministerial visit to Washington under the Trump administration this week and says he will be pressing to advance our trade relationship.

    Mr McClay will meet with new U.S. Trade Representative Robert Lighthizer, Commerce Secretary Wilbur Ross, key members of Congress as well as speaking at a number of NZ-U.S. business events.

  • Over 1000 new transitional housing places

    More transitional housing is coming online every week across New Zealand, helping more vulnerable families in urgent need of housing.

    “We’ve made a commitment to help New Zealanders find their feet in tough times, and our transitional housing places do just that,” Social Housing Minister Amy Adams says.

  • Over 700 Hawkes Bay families to benefit under Government social housing plans

    Hundreds of families in the Hawkes Bay will be helped through the Government’s social housing plans for the region, Ministers say.

    “We’ve made a commitment to help New Zealanders find their feet when times are tough, and our plans for the Hawkes Bay will do just that,” Social Housing Minister Amy Adams says.

    Plans for 195 social housing places and 129 short-term transitional housing places will benefit around 711 local families a year.

  • Marae working towards zero waste

    Associate Environment Minister Scott Simpson has announced funding of nearly $800,000 for Para Kore Marae to extend their waste minimisation project.

    “With funding from the Waste Minimisation Fund (WMF) the programme has already been successfully implemented in several regions including Taranaki, Bay of Plenty, Waikato, Hauraki, and Raukawa. So far 171 marae are taking part in the programme, and they have diverted an astonishing 178 tonnes of waste from landfill,” Mr Simpson says.

  • Sichuan Airlines welcomed to New Zealand

    Auckland is set to welcome Sichuan Airlines’ inaugural flight from Chengdu, the capital of Sichuan province in southwest China later today, Transport Minister Simon Bridges says.

    Sichuan Airlines will operate three direct flights per week between Auckland and Chengdu.

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