Release date
09 February 2021
The Reserve Bank of New Zealand – Te Pūtea Matua is putting in place more stringent loan-to-value ratio (LVR) restrictions to reduce the risks to financial stability caused by high-risk mortgage lending. The LVR restrictions do not apply to new residential construction.
LVR restrictions were removed in April 2020 to ensure they didn’t interfere with COVID-19 policy responses aimed at promoting cash flow and confidence, Reserve Bank Deputy Governor and General Manager of Financial Stability Geoff Bascand says.
“Since then, in part due to the success of the health and economic policy responses, we have witnessed a rapid acceleration in the housing market, with new records being set for the national median price, and new mortgage lending continuing at a strong pace.
Electricity licence exemptions
From: Contents
Overview
The Electricity Act 1989 (amended by the Utilities Act 2000, allows electricity companies, who meet certain criteria, to be exempt from having an electricity generation, transmission, distribution or supply licence.
December 2020 update: Call for evidence on electricity licence exemptions
BEIS has published a call for evidence on electricity licence exemptions to support a review of the exemptions regime. It will help government gain a fuller and better picture of how the exemptions regime is currently operating, providing a basis for consideration of whether changes to the exemptions regime are needed to reflect the government’s policy aims and objectives.
Asta-Ja Framework:
Asta-Ja is a theoretically grounded grassroots-based planning and management framework for conservation, development, and utilization of natural and human resources.
Asta-Ja means eight of the Nepali letter “Ja” [Jal (water), Jamin (land), Jungle (forest), Jadibuti (medicinal and aromatic plants), Janashakti (manpower), Janawar, (animals), Jarajuri (crop plants), and Jalabayu (climate)]. Asta-Ja promotes accelerated economic growth and socio-economic transformation of the nation.
It is a scientific, holistic, systematic, self-reliant, and multidisciplinary framework for the conservation, development, and utilization of Asta-Ja resources.
The eight elements of the Asta-Ja system are very intricately linked and strongly connected. Hence, it is important to have sustainable conservation and development of each of the eight elements of Asta-Ja for better functioning of the entire system.