Archive for August, 2011

Strong NZ demand expected for SOE shares

Comments Off | 08-31-2011

A large and growing pool of New Zealand investment funds will ensure strong local demand for the Government’s $5 billion to $7 billion mixed ownership programme, Finance Minister Bill English says.
As a result, ministers expect New Zealanders to own at least 85 to 90 per cent of the companies in the mixed ownership programme, including [...]

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NZ Capital gets ultra fast broadband

Comments Off | 08-31-2011

The roll out of ultra fast broadband (UFB) in the Wellington region is now underway.\
The Minister for Communications and Information Technology, Steven Joyce, this morning joined with Chorus to deploy the first UFB-enabling network in the Lower Hutt suburb of Kelson this morning.
“9,200 premises will be passed with new fibre in the year to June [...]

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NZ Prime Minister welcomes region’s leaders to Pacific Islands Forum

Comments Off | 08-31-2011

Prime Minister John Key will host leaders from around the Pacific in Auckland next week, as the 42nd Pacific Islands Forum Leaders’ Meeting gets underway on Tuesday.
The event, which runs until September 9, will also signal the start of New Zealand’s year-long tenure as Chair of the Forum, taking over from Vanuatu.
“This year marks the [...]

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NZ Minister welcomes new partner for blue duck

Comments Off | 08-31-2011

Minister of Conservation Kate Wilkinson has welcomed the signing today of a $2.5 million business partnership between the Department of Conservation and Genesis Energy that will help save the endangered whio (blue duck).
“Whio are unique to New Zealand and with only 3000 birds left they are rarer than kiwi.
“Genesis Energy’s decision to get involved in [...]

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Govt approves Telecom’s asset allocation plan

Comments Off | 08-30-2011

The government has approved Telecom’s plan to split its assets after structural separation – the first major step in Telecom’s proposed demerger process.
Telecom’s Asset Allocation Plan identifies how assets and liabilities will be split during Telecom’s proposed demerger and the key terms of all intended material sharing arrangements.
The Minister for Communications and Information Technology, Steven [...]

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Energy Strategy sets direction for New Zealand’s energy future

Comments Off | 08-30-2011

The New Zealand Energy Strategy and the New Zealand Energy Efficiency and Conservation Strategy released today by the Acting Minister of Energy and Resources, Hekia Parata, show an energy future that delivers for all New Zealanders.
“New Zealand is blessed with an abundance of energy resources,” says Ms Parata.
“Our Government’s goal is to make the most [...]

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Inaugural board of Education New Zealand appointed

Comments Off | 08-30-2011

Tertiary Education Minister Steven Joyce has today confirmed four further appointments to the establishment Board of Education New Zealand – the new Crown Agency established to support and grow New Zealand’s export education sector.
Jenny Alford, Neil Barns, Jill Tattersall and Elizabeth Valintine join Chair Charles Finny on the Board.  The Agency commences operations on Thursday.
Mr [...]

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Regulations to improve supervision regime for trustees

Comments Off | 08-30-2011

Cabinet has approved regulations to support the licensing regime for trustees and statutory supervisors, Commerce Minister Simon Power announced today.
The Securities Trustees and Statutory Supervisors Act 2011 creates a licensing regime for all corporate trustees, including trustees of non-restricted KiwiSaver schemes and supervisors of retirement villages.
The Act gives the Financial Markets Authority (FMA) the power [...]

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igovt Scheme set for expansion

Comments Off | 08-30-2011

New legislation and an agreement with New Zealand Post means that igovt services are set for expansion across the public sector, and potentially into the private sector, says Internal Affairs Minister Nathan Guy.
“The Electronic Identity Verification Bill has been introduced to Parliament today, which will enable igovt services to be used by the private sector.
“The [...]

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Tāwharanui Marine Reserve opened

Comments Off | 08-29-2011

Minister of Conservation Kate Wilkinson has today officially opened the country’s newest marine reserve near Warkworth, north of Auckland.
The Tāwharanui Marine Reserve covers approximately 400 hectares of the northern coast of the Tāwharanui Peninsula near Kawau Island.
It will replace the Tāwharanui Marine Park. The marine reserve has a straighter, clearer boundary than the marine park [...]

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