Thursday, 1 July 2021, 12:36 pm
The Hawke’s Bay Regional Council has today formally
adopted its Long Term Plan 2021-31. The plan sets the course
for a further step up in the environmental work accelerated
in 2018.
The new chair of the Regional Council Rick
Barker says this triggers the start of an exciting new work
programme and reinforces the commitment to mitigating the
effects of climate change.
The Regional Council will
invest an extra $10.5 million on the services it delivers to
the Hawke’s Bay region and $14.7 million on infrastructure
and capital projects in 2021-22.
Chair Barker says
Hawke’s Bay has a legacy of issues where the environment
Thursday, 1 July 2021, 9:34 am
This Government is proposing a significant tax on Mum and
Dad landlords despite promising prior to the election that
they would impose no new taxes, National’s Shadow
Treasurer Andrew Bayly says.
“According to advice
from Treasury, IRD, and the Ministry of Housing and Urban
Development dated February 2021, the removal of interest
deductibility means a landlord with a $700,000 mortgage
would face a tax increase of approximately $9,240 a
year.
“The Government says it is attempting to
target people who own many properties, but has no answer for
the many New Zealanders who invested in one rental property
for their retirement and will also be affected if they have
Thursday, 1 July 2021, 10:22 am
The tide is going out on international banking services
for Pacific island nations, which could make trade,
investment and sending money home more difficult and
expensive.
Trade, foreign investment and remittance
payments for Pacific nations all rely on correspondent
banking relationships. These relationships enable
cross-border payments and currency exchange.
These
banking relationships are vital to the economic prosperity
of Pacific nations, this
Reserve Bank briefing shows.
However,
correspondent banking relationships in the Pacific region
are in decline. Some Australian and New Zealand banks are
choosing to reduce or withdraw their services to some parts
the Pacific region, which is at the forefront of an
Thursday, 1 July 2021, 11:19 am
Plans to develop experiences to meet current local and
future international demand
Leading tourism operator
Explore Group has purchased Fullers Great Sights operation
in the Bay of Islands as the first part of a wider expansion
plan for the business including growth in Auckland and
Australia.
Ocean
Adventure
Explore will take over Fullers Great
Sights Bay of Islands on July 31 which includes their
signature tour experiences such as the iconic Cream Trip
that takes in The Hole In the Rock and Urupukapuka
Island.
Explore Group Managing Director William
Goodfellow says the acquisition will provide the company
with the scale to develop its Bay of Islands’ tourism
Thursday, 1 July 2021, 9:26 am
A recent case, investigated by dispute resolution scheme,
Financial Services Complaints Limited (FSCL) saw a lender go
above and beyond to write off a debt following a tragic
change in the borrower’s circumstances.
A young
person who took out an $11,000 loan for his first car was
left without a car and a lot of debt following an accident
which resulted in the death of a friend.
Wiremu, 19,
let a friend drive his car and was following behind in
another vehicle when the accident happened. Unfortunately,
Wiremu’s car was written off and as his friend was not