Category: business
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FMA Settles IPO Proceeding with CBL Director Peter Harris
The Financial Markets Authority (FMA) has agreed to a settlement with Peter Harris, a director of CBL Corporation Limited, to resolve claims related to CBL's 2015 Initial Public Offering (IPO). Under the terms of the settlement, Mr. Harris has admitted…
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Media Monitor: Cyclone Vaianu brings damaging winds, heavy rain to North Island
RNZ is reporting that Cyclone Vaianu has begun crossing New Zealand's North Island, bringing damaging winds and heavy rain. Gusts of up to 130 km/h have already been recorded, and fire crews have been called out to deal with the…
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FMA Seeks Liquidation of More Chance Voight Entities Amidst Financial Concerns
The Financial Markets Authority (FMA) has applied to the High Court to liquidate an additional 25 entities associated with the Rangiora-based Chance Voight Group. This action stems from significant concerns regarding the Group's management and its ability to meet financial…
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Police Investigate Major Diesel Theft from Marton Business
Police are investigating the theft of approximately 3000 litres of diesel from a Marton business. The incident occurred on Tuesday between 4:20 am and 4:50 am. Sergeant Wayne Sandbrook stated that two individuals arrived in a light truck and were…
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FMA Urges Focus on Financial Reporting Quality Amid Global Uncertainty
The Financial Markets Authority – Te Mana Tātai Hokohoko (FMA) is calling on directors, preparers, and auditors to prioritize the quality, accuracy, and timeliness of financial reporting amidst ongoing global uncertainty. This directive follows the release of the FMA's Financial…
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Two Men Arrested in Separate Fuel Theft Attempts
Two men are facing court today following separate incidents of attempted fuel theft in Christchurch and Hamilton. Prompt calls from the public led to the arrests. In Christchurch, around 4 am, police responded to a report of someone attempting to…
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FMA Warns of Scams Using Deepfake News to Lure Investors
The Financial Markets Authority (FMA) is issuing a warning about a rise in scams that employ fake news articles, often featuring well-known politicians and business leaders, to trick people into investing in fraudulent trading platforms. Scammers are utilizing artificial intelligence…
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Wellington City Council Promotes Te Reo Māori App Usage at Work
Wellington City Council is encouraging the use of the Mahau app in the workplace to support te reo Māori. The council has outlined five specific ways the app can be integrated into a typical workday, making it easier for individuals…
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Wellington City Council Announces New Alcohol Licence Applications
Wellington City Council has announced a series of new alcohol licence applications that are now open for public objection. The applications cover various establishments across the city, including OGBNZ, Yor Yak Thai Eatery, The Villa Cafe, Tipple in the Nook,…
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Media Monitor: Iran searches for downed US jet crew, US media reports one rescued
RNZ is reporting that Iran has launched a search for a U.S. pilot whose jet was reportedly downed by Iranian air defense systems. This is the first such report amid the ongoing regional conflict. US media outlets are reporting that…
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New Zealand Financial Advice Sector Faces Scrutiny on Access, AI, and Insurance Reforms
The Financial Markets Authority (FMA) has released key findings from its review of access to financial advice in New Zealand, revealing that 28% of New Zealanders used a financial adviser in the past 12 months. Many consumers rely on informal…
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Vax Recalls 18m Extension Cord Due to Overheating and Sparking Risk
Vax is issuing a recall for an 18m orange extension cord sold with the Vax Bagged Backpack Vacuum Cleaner (VXCB-01). The product, sold between July 1, 2018, and March 18, 2026, at retailers including Bunnings and Betta Stores Ltd, poses…
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Man Arrested After Machete-Wielding Pizza Robbery and High-Speed Chase
Auckland City Police have arrested a 21-year-old man in connection with an aggravated robbery at a pizza restaurant on Sandringham Road. The incident occurred around 10:15 pm on Tuesday when an individual entered the store armed with a machete, threatening…
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Product Recalls Issued for Battery Charger and Bicycle
Discount Tools NZ Ltd has recalled the Topdon Smart Programmable Battery Charger due to a manufacturing fault. The internal components can short-circuit during normal use, posing a risk of fire or serious injury. The charger is not registered with the…
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New Zealand Police Report No Increase in Fuel Theft Amid Global Concerns
New Zealand Police are closely monitoring the global fuel situation for any emerging trends in fuel theft and related crimes, but report no discernible change in offending at this stage. Assistant Commissioner Road Policing and District Support, Tusha Penny, stated,…
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Wellington City Council to Launch Annual Plan Public Consultation
Wellington City Council's Mayor and Councillors have finalized the draft proposals for the 2026/27 Annual Plan. These proposals will be presented to the public for consultation, with the feedback period running from April 10 to May 10, 2026. The council…
BusinessEnvironmentEntertainment Wellington City CouncilAnnual PlanPublic ConsultationWaste Minimisation FundLōemis FestivalULTRA New ZealandWellington
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Electrician Knives Recalled Due to Laceration Hazard
FACOM Toukan electrician's knives sold in New Zealand between January and December 2025 are subject to a recall due to a potential laceration hazard. The affected products are twin-blade knives designed for electricians, featuring a 35mm blade for cable work…
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Police Arrest 30 at Whangamatā Beach Hop Amid Disappointment Over Disorderly Behaviour
Police have reported making 30 arrests following the annual Beach Hop event in Whangamatā this past weekend. Eastern Waikato Area Commander, Inspector Mike Henwood, expressed disappointment with the behaviour of some attendees, stating that while the event is important for…
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Burglar Sentenced, Stolen Property to Benefit Local Charity
A burglar operating in North Canterbury has been sentenced in Christchurch District Court, with the court ordering that all recovered stolen property be donated to a local charity. The 42-year-old man was sentenced to nine months and 14 days of…
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Media Monitor: Consumer NZ reports on tech prices, e-bikes, and crackers
Consumer NZ is reporting that consumers looking to purchase technology such as laptops, tablets, and phones should do so soon, as prices are expected to climb. The organization's technology writer advises that now is a good time to buy these…
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Media Monitor: RNZ reports on diverse weekend news, from alcohol reforms to farming innovations
RNZ is reporting on a range of weekend stories. The outlet said communities are pushing back against proposed alcohol reforms that aim to reduce red tape and make licensing easier for businesses. In a separate report, RNZ highlighted a Northland…
Politics and GovernmentBusinessEntertainmentSportWeatherMediaAgricultureSocial Issues
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Christchurch Police Seize $1.1 Million in Cannabis Plants
Christchurch Police have removed approximately $1.1 million worth of cannabis from the hands of organised crime following an investigation into large-scale cultivation. The operation culminated in a search warrant executed at a premises in Waltham on Wednesday, March 25. During…
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ULTRA New Zealand Festival to Debut in Wellington
Wellington is preparing to host the globally recognized ULTRA New Zealand music festival for the first time. The event is expected to bring a significant economic boost to the capital. This marks a major milestone for the city, as it…
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New Zealand Civil Aviation Bill Passes, Modernizing Aviation Laws
The Civil Aviation Bill has successfully passed its third reading in New Zealand Parliament, marking a significant step towards modernizing the country's aviation legislation. The new Civil Aviation Act, which will replace the current Act from 1990, is set to…
Politics and GovernmentBusinessMedia Civil Aviation AuthorityCivil Aviation BillAviation SafetyNew Zealand ParliamentAviation SecurityDangerous GoodsADS-BCivil Aviation Authority of New Zealand
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Pak'nSave Moorhouse Recalls Bread Due to Metal Contamination
Pak'nSave Moorhouse is recalling its made-in-store bread products due to the potential presence of foreign matter, specifically metal. New Zealand Food Safety advises consumers that affected products should not be consumed. The recall impacts bread products made on-site at the…
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Wellington Alcohol Licence Applications Open for Objection
Wellington City Council has announced a series of alcohol licence applications that are now open for public objection. The applications cover a range of establishments across the city, including bars, taverns, and retail liquor stores. Graze Wine Bar, located at…
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Media Monitor: Chuck Norris, star of 'Walker, Texas Ranger,' has died
RNZ is reporting that Chuck Norris, the action hero and star of “Walker, Texas Ranger,” has died. The veteran martial arts world champion and early 2000s internet meme inspiration reportedly experienced an unidentified medical emergency in Hawaii, RNZ said.
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Brett Banner Appointed Chief Financial Officer at CAA
The Civil Aviation Authority (CAA) has announced the appointment of Brett Banner as its new Chief Financial Officer (CFO) to its Executive Leadership Team. Banner, a Chartered Accountant with over two decades of experience in public sector finance, corporate services,…
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City Beach Recalls HTI Stretcherz Slammerz Due to Asbestos Risk
City Beach has issued a recall for HTI Stretcherz Slammerz toys, sold between September 9, 2025, and January 10, 2026. The recall is due to concerns that the sand inside the toys may contain asbestos. HTI Toys HK Limited initiated…
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Recall Expanded for KSK Boy Bawang Cornick Due to Undeclared Wheat
Tai Ping Trading Company has expanded its consumer-level recall of KSK Boy brand Bawang Cornick Lechon Manok Flavour (90g) to include an additional undeclared allergen: wheat. The product was previously recalled for undeclared gluten. Consumers with a gluten and/or wheat…