Author: Press Room
Alliance Group is refusing to comment on speculation Irish meat company Dawn Meats is taking a majority stake in the farmer-owned co-operative. Last year, Alliance appointed Craigs Investment Partners to explore external capital-raising options after posting a full-year after-tax loss of $95.8 million for the year ending September 30, which followed a $70.1 million loss the previous year. It is understood shareholders would be given an update on the capital raise this month ahead of a series of roadshow meetings followed by a formal shareholder vote in the next few months. Chairman Mark Wynne reiterated the company would not be…
In recent months, Treasury, Inland Revenue and an organisation representing accountants have suggested New Zealand needs a rethink of its tax settings.Inland Revenue said taxes would have to increase to cope with an ageing population and CPA Australia said a capital gains tax should be considered.But do you know how much the average person in New Zealand pays, and how that compares to other countries?Infometrics calculated the average tax bill of a household with two median income earners, earning $72,900 per person before tax, not including any Working for Families credits.Chief executive Brad Olsen calculated that they would pay $39,800…
After sewage began leaking through their flat’s ceiling, a group of students were forced to take turns emptying buckets throughout the night. When they wanted to end their tenancy, their requests were ignored. A Tenancy Tribunal ruling has found the landlord failed to properly address the problems at the Wellington flat, granting the occupants a release from their tenancy and compensation for their ordeal.The four tenants first moved into the Kelburn flat, which was part of a six-unit property managed by Property Management Wellington, in November 2024. In April 2025, they raised various maintenance issues with the property manager. Among…
A search is underway for a diver missing in Wellington Harbour this afternoon.Police said in a statement they were called to Lowry Bay in Lower Hutt at about 11am after the diver failed to surface when they were due to.The police national dive squad had been called to assist.
The Reserve Bank is asking people how they use and store cash, saying it needs more up-to-date information as it redesigns the system.The random postal survey asks people how they prefer to pay, how often they use cash, how easy it is to deposit and withdraw coins and notes, and whether they store cash and why.The central bank is asking new questions this year such as whether people are having challenges in using cash.It will now carry out its survey annually instead of every two years.”As the steward of money and cash for New Zealand, we need to ensure that…
ADVERTISEMENT In December 2019 Ursula von der Leyen returned to Brussels, the city where she spent her childhood, with the poise of a self-assured centrist and the promise of a visionary. The Green Deal stood at the centre of her first presidency, offering climate hope and a surprisingly collaborative touch, flanked by the liberal Danish Executive Vice-President Margrethe Vestager and Frans Timmermans, the socialist Dutchman – co-stars in her ensemble cast. That was Season 1. But as Season 2 gets underway, followers of her first term might be wondering if they’re still watching the same show. Or at least asking if the…
Police are investigating after two-month baby was taken to Middlemore Hospital overnight with serious injuries.Acting Detective Inspector Veronica McPherson said the baby was taken to Middlemore Hospital overnight and remained in hospital for treatment. “Police are continuing to make inquiries into the circumstances of how the baby came to be injured.”The morning’s headlines in 90 seconds, including the West Auckland builder sentenced over massive meth haul, fire on a commuter train, and how Bluey could teach kids about resilience. (Source: 1News)
Education Minister Erica Stanford is speaking to media following yesterday’s announcement the Government is proposing to axe NCEA in favour of new qualifications.The proposals include:Removing NCEA Level 1, requiring students to take English and Mathematics at Year 11, and sit a foundation award (test) in numeracy and literacy.Replacing NCEA Levels 2 and 3 with two new qualifications (The New Zealand Certificate of Education at Year 12 and the New Zealand Advanced Certificate of Education at Year 13).Requiring students to take five subjects and pass at least four to attain each certificate.Marking clearly out of 100 with grades that make sense…
Education Minister Erica Stanford has fronted media from her old high school after the government proposed to replace all levels of NCEA.Under the proposal, NCEA Level 1 would be replaced with foundation literacy and numeracy tests.Levels 2 and 3 would be replaced with a New Zealand Certificate of Education and an Advanced Certificate.Students would be required to take five subjects and pass at least four to get each certificate. Marking would be out of 100 and grades would range from A to ETeachers’ unions are cautiously optimistic the changes will work, provided they are implemented and resourced well.Stanford fielded questions…
The Chase’s Anne Hegerty has revealed she’s taken a surprising new career move.Hegerty, known on the show as The Governess, is set to make a cameo in a new indie horror movie – playing the role of a UFO spotter.In a recent interview with OK!, shortly after filming her appearance, the 67-year-old said she would like to do more acting.She said: “I recently filmed a cameo in a very low-budget horror movie. I mean, it’s so low budget I’ve been offered a share in the profits.”It’s called Deadcast, and it’s about a couple of guys who do a podcast about…