Action Plan ensures sustainable housing for the homeless

Action Plan ensures sustainable housing for the homeless

Michael Wood Our government is stepping up to prevent and reduce homelessness in New Zealand. The Aotearoa New Zealand Homelessness Action Plan, which was released last week, establishes a framework and funding to help the homeless into sustainable housing. This follows a decade of denial and neglect under National, which sold off state houses as the numbers of homeless grew…

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Commerce Commission warns HSBC over disclosures

Commerce Commission warns HSBC over disclosures

Supplied Content The Commerce Commission has issued a warning to The Hongkong and Shanghai Banking Corporation Limited (HSBC) over its failure to comply with the information disclosure requirements of the Credit Contracts and Consumer Finance Act 2003 (CCCFA). HSBC self-reported the matter to the Commission following a routine audit of its business in New Zealand. HSBC identified six occasions between…

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Money transfer firm fined $2.55 million for money laundering

Money transfer firm fined $2.55 million for money laundering

Supplied Content Jiaxin Finance Limited, assisted by its owner Qiang Fu and his mother Fuqin Che,  have been convicted of offences under the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. Between April 2015 and May 2016, Jiaxin Finance and its brokers were responsible for remitting over $53 million into New Zealand for an international customer.   The charges Jiaxin…

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Homes run as boarding houses are heading for trouble

Homes run as boarding houses are heading for trouble

Venkat Raman People running their homes as boarding houses are breaching tenancy agreements and may be liable for punitive measures. They ma y be violating the provisions of the Residential Tenancies Act (RTA). That was the gist of a Ministry of Business, Innovation and Employment notification. Indian Newslink has learnt that some property owners are renting spare bedrooms in their…

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