Whats New

Getting clarity on market manipulation

30 September 2016

Guidelines intended to provide brokers with more clarity on market manipulation are currently being worked on by the NZX, it has emerged at the Mark Warminger trial at the Auckland High Court. Goodreturns.co.nz. More> 

RBNZ to pay $140 million dividend from FX gains

30 September 2016

The Reserve Bank will pay a $140 million dividend to the government, using up some of the near $1 billion of investment gains built up from prior years. BusinessDesk. More> 

Booster KiwiSaver passable, Morningstar says

30 September 2016

Research house Morningstar has given faint praise to the KiwiSaver schemes operated by Grosvenor, now rebranded as Booster. The balanced fund, balanced growth, conservative fund, high-growth fund and default saver fund have all been given a neutral rating in the latest update. They were previously rated negative. Goodreturns.co.nz. More> 

Real Estate Agents Authority argues any person or business carrying out activity involving real estate agency work should be subject to anti-money laundering laws

30 September 2016

The Real Estate Agents Authority (REAA), an independent Crown Entity, says it is best placed to supervise the real estate sector for compliance with the Anti-Money Laundering and Financing of Terrorism Act (AML/CFT Act). Interest.co.nz. More> 

Brian Fallow: Climate change not just about carbon

30 September 2016

If you own a car or a truck, you pay a price on the carbon dioxide emissions from its exhaust pipe. But if you own cows or sheep, the emissions of methane when they belch or nitrous oxide when they urinate are exempt under the emissions trading scheme. NZ Herald. More>