Lessons from Transport Ministry fraud case

Debbie Gee The high-profile $725,000 fraud perpetrated at the Ministry of Transport by its former GM Organisational Development Joanne Harrison had many victims. Those Ministry staff who tried to escalate her continued non-compliance were ignored and subsequently disadvantaged through Harrison’s actions. Former colleagues, who felt a keen sense of betrayal and shame. Auditor General leaves The wider New Zealand public…

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Key legislative changes cover much of our lives

Adrienne Meikle The Government’s legislative agenda this year features a number of proposed changes that directly impact on our role going forward. Key reforms are slated for the Commerce, Fair Trading, Consumer Contract and Credit Finance and Telecommunications Acts, with reviews also underway into the Dairy Industry Restructuring Act and electricity pricing and consultation, on the regulation of organic food…

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Prime Minister welcomes better visa access to the US

Supplied Content Prime Minister Jacinda Ardern has welcomed the signing of the ‘KIWI Act’ by the President of the United States Donald Trump. ‘The Knowledgeable Innovators and Worthy Investors Act (KIWI Act)’ has been a long-term goal for New Zealand for many years. The law gives New Zealanders access to E1 and E2 visas. These allow those business people who qualify…

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Retailers face formidable challenges

Jason Pallant Many predictions about the future of retailing have been made. These range from the supposed dominance of certain technologies, to increased use of data and analytics, the rising need for personalisation and customisation, and the transformation of physical spaces. The challenge of predictions The challenge with specific predictions is that these are susceptible to becoming obsolete fast. Future technologies are likely to make…

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Your views sought on Beneficial Ownership Register

The move to curb Money Laundering and Terrorism finance Sourced Content Consumer Affairs Minister Kris Faafoi is working on law changes aimed at cracking down on overseas criminals potentially misusing companies in New Zealand. According to him, the goal is to curb money-laundering and the ability of overseas based criminals to use New Zealand’s well-regarded companies register to conceal some…

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Banks benefit while KiwiSavers miss out on $1 billion 

Supplied Content A group of financial consultants has sent an open letter to the Financial Markets Authority (FMA) and the Reserve Bank of New Zealand (RBNZ) proposing a 10-point Programme to address these inequities. Over 400,000 KiwiSavers who have invested in default funds have missed out an estimated $1 billion over the last six years. This includes an estimated $70 million in overpaid taxes. Meantime, $1.5 billion of their funds are invested in securities issued by Australian-owned banks and…

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