Category: business
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FMA Investigates Chance Voight Investment Corporation
The Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – is investigating Christchurch-based Chance Voight Investment Corporation Limited (Chance Voight), its subsidiaries, and associated persons and entities. The investigation follows the FMA seeking the appointment of interim liquidators over…
BusinessLegalFinancial MarketsBanking Financial Markets AuthorityChance Voight Investment CorporationChristchurchMalcolm HollisJohn FiskLara BennettPwC New ZealandNZ Financial Markets Authority
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Wellington City Council Announces Alcohol Licence Applications Open for Public Objections
Wellington City Council has announced that several alcohol licence applications are now open for public review and objections. These applications span a range of establishments, from bars and restaurants to gift shops and supermarkets, across Wellington. The public can submit…
Politics and GovernmentLegalBusinessState Governments Wellington City Councilalcohol licenceGarage Project Leeds StreetParliament Gift ShopTe AroTawaNewtown
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Media Monitor: Hipkins Promises Different Labour
RNZ is reporting that Chris Hipkins is promising a different Labour party after the last election saw the end of Labour's six years in government. Hipkins is returning to the opposition benches just 10 months after becoming prime minister. In…
Politics and GovernmentBusinessHealthSportWeatherNational PartyEconomyMedical ScienceAsiaGeneral Weather
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Media Monitor: Consumer NZ Reviews Sunscreens, Electric Cars, and More
Consumer NZ is reporting on a variety of product tests and consumer advice. It said its database compares over 160 sunscreens from more than 40 brands, filtering by SPF, water resistance, and testing year. The organization has also tested over…
BusinessScience & TechnologyAustralasiaEconomyComputers and InternetSocial Issues
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Affordable Housing Boost: Te Kāinga Te Puna Opens in Wellington
Wellington's newest Te Kāinga apartments are opening this week, introducing 80 warm, dry, affordable homes to the central city. The development, named Te Kāinga Te Puna, has seen strong demand, with over two-thirds of the tenancies already secured prior to…
Politics and GovernmentBusinessAustralasiaState GovernmentsReal EstateSocial Issues
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New Zealand Retail Spending Rises in November 2025
Spending in New Zealand's retail sector saw an increase of 1.2 percent ($86 million) in November 2025, according to the latest electronic card transactions (ECT) data. The core retail industries also experienced growth, with spending up by 1.1 percent ($67…
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New Zealand's Filled Jobs Remain Flat in September 2025 Quarter
Wellington, New Zealand – Stats NZ reported that total filled jobs in New Zealand reached 2.23 million in the September 2025 quarter. Seasonally adjusted figures showed a flat trend, with an increase of only 938 jobs compared to the June…
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New Zealand Business Financial Data Shows Sales Increase in September 2025 Quarter
New Zealand's business financial data for the September 2025 quarter indicates positive financial movement across most market industries. Sales reached $197 billion, a $7.6 billion increase (4.0 percent) compared to the September 2024 quarter. Purchases also rose to $138 billion,…
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FMA Censure Opes Group for Licence Breaches
The Financial Markets Authority (FMA) has censured Opes Group Holding Company Limited for breaching its Financial Advice Provider (FAP) licence obligations. The censure follows findings of shortcomings in record keeping, client understanding of advice, conflict of interest management, and adviser…
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Wellington's Bike Network Sees Growth
Wellington City Council announced on December 10, 2025, that the city's bike network is expanding. According to the council, more people are choosing cycling as a mode of transport. This growth reflects the city's ongoing efforts to promote sustainable transportation…
Politics and GovernmentBusinessTransportationState GovernmentsEconomy WellingtonBike NetworkCyclingUrban PlanningLocal GovernmentSustainable TransportationWellington City Council
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Recall Issued for Earrings and Glass Meal Prep Sets
Two recalls have been issued for separate products. Handmade Gummy Worm and Salted Pretzel earrings sold at Joy's Handmade Boutique are being recalled due to potential asbestos contamination. The craft sand used on the earrings has been independently recalled by…
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Gross Earnings Data Delay for September 2025 Quarter
Stats NZ has announced that gross earnings data will not be included in the Business employment data: September 2025 quarter release on December 11, as originally planned. The delay is attributed to issues identified during data preparation. According to the…
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Rental Property Flow Data to be Reinstated in Price Indexes
Stats NZ will include the flow of rental properties measures (national and regional) in the Selected price indexes: November 2025 release on 16 December 2025. This data has been absent since November 2024 due to necessary work integrating the data,…
BusinessPolitics and GovernmentReal EstateEconomyState Governments
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New Zealand Sees Increase in Overseas Visitors in October 2025
Overseas visitor arrivals in New Zealand reached 262,700 in October 2025, a notable increase of 22,500 from October 2024. According to Stats NZ, the most significant increases in arrivals came from Australia (up 13,500), China (up 1,500), and Korea (up…
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FMA Releases Kaupapa Māori Research to Address Data Gaps
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has released two Kaupapa Māori research papers to address gaps in understanding the experiences of Māori consumers and providers in Aotearoa New Zealand’s financial markets. This marks the first…
BusinessPolitics and GovernmentAustralasiaEconomyFinancial MarketsSocial IssuesState Governments
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Akaroa King Salmon Brand Mānuka Cold Smoked Slices and Trim Recalled
New Zealand Food Safety has issued a recall for Akaroa King Salmon brand Mānuka Cold Smoked Slices and Trim due to the possible presence of Listeria monocytogenes. According to Charles Fergusson, affected products should not be consumed. The recall was…
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Tower Faces $7 Million Penalty for Misleading Customers
Tower has been ordered to pay a $7 million penalty for misleading representations that resulted in more than $11 million in overcharges to its customers. The penalty follows admissions in civil proceedings brought by the Financial Markets Authority (FMA) in…
BusinessLegalAustralasiaFinancial MarketsLaw Enforcement TowerFinancial Markets AuthorityFMAFinancial Markets Conduct ActFMC ActAucklandCivil ProceedingsNZ Financial Markets Authority
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FMA Releases Thematic Review on Financial Institutions' Product and Service Reviews
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has released a thematic review on financial institutions’ product and services reviews. Executive Director, Licensing and Conduct Supervision, Clare Bolingford, said: “When financial institutions proactively review products and services,…
BusinessFinancial MarketsBankingEconomyLegal Financial Markets AuthorityFMAClare Bolingfordfinancial institutionsproduct reviewsservice reviewsLicensing and Conduct SupervisionNZ Financial Markets Authority
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Wellington's Visa Wellington On a Plate and Beervana Festivals Boost Economy by $10 Million
Wellington’s Visa Wellington On a Plate and Beervana festivals have delivered a $10 million boost to the capital’s economy. This year, 250 hospitality businesses across the region participated in the events. The annual Beervana weekend saw more than $3 million…
BusinessPolitics and GovernmentAustralasiaEconomyState Governments
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Wellington City Council Announces Alcohol Licence Applications, Invites Public Feedback
Wellington City Council has announced several alcohol licence applications, inviting public feedback. The applications are open for objections, with specific start and close dates for each. These applications include a range of establishments, from restaurants to supermarkets and social clubs.…
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Wellington Gears Up for Festive Weekend and Economic Boost
Wellington is set to be a hub of activity next weekend, with a major film premiere, an international cricket match, the arrival of a cruise ship, and a visit from Santa Claus. The events are expected to provide a significant…
WorldEntertainmentBusinessAustralasiaFilm and TVMusicEconomy
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Media Monitor: Consumer NZ on Retirement Village Changes
Consumer NZ is reporting that changes to retirement village rules will give more certainty to future residents but not to those who fought for them. It said the changes are a blow to current residents. Consumer NZ also provided a…
BusinessHealthScience & TechnologyWeatherSocial IssuesReal EstateMedical ScienceComputers and InternetEnvironmentGeneral Weather
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New Zealand Local Authority Statistics for September 2025 Quarter Released
Stats NZ released local authority statistics for the September 2025 quarter on December 5, 2025. The statistics provide information on the performance of core non-trading activities of New Zealand's territorial and regional councils. Stats NZ is also considering changes to…
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Kmart Sand Castle Set Recall: Asbestos Contamination
Kmart has issued a recall for its 14-piece Sand Castle Building Set, originally published on November 15, 2025, due to the detection of tremolite asbestos in samples. This is an update to a previous recall, with some products removed from…
HealthBusinessScience & TechnologySocial IssuesAustralasiaMedical ScienceLegal
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Tom & Luke Low Carb Snackaballs Recalled Due to Plastic Contamination
Smartfoods Limited has issued a recall of Tom & Luke Low Carb Snackaballs due to the potential presence of foreign matter, specifically hard plastic. The recall, initiated on December 4, 2025, affects several varieties of the snack product. The recalled…
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New Zealand Building Volume Rises Despite Overall Value Decrease
Statistics New Zealand reported that in the September 2025 quarter, the seasonally adjusted total building volume rose 1.5 percent compared with the June 2025 quarter. Residential building saw a 2.8 percent increase, while non-residential building experienced a 1.3 percent fall.…
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Ultra Music Festival to Debut in Wellington, New Zealand in 2026
Ultra Music Festival is set to make its New Zealand debut in Wellington in 2026. The electronic dance music festival, known for its global presence, will be hosted along the capital city’s waterfront on Friday 10 April 2026. Audiology Touring…
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EU Approves Continued Use of New Zealand Financial Benchmarks
The European Commission has decided to recognise New Zealand’s legal and supervisory framework for financial benchmarks as equivalent to the European Union’s. The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has welcomed the decision. This, coupled with…
BusinessPolitics and GovernmentEuropeFinancial MarketsTradeEconomyBankingLegal European CommissionFinancial Markets AuthorityNZ Bank Bill RateBKBMFinancial BenchmarkFinancial RegulationNZ Financial Markets Authority
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FMA Cancels Hope Group Limited's Financial Advice Provider Licence
The Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko – has cancelled the Financial Advice Provider licence of Christchurch-based Hope Group Limited (HGL). HGL held a full financial advice provider licence and provided personal risk insurance advice to retail…
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Stats NZ Corrects 2024 Work-Related Fatality Data
Stats NZ has issued a correction to the 'Serious injury outcome indicators: 2000–2024', initially published on 26 November 2025. The provisional number for work-related fatalities in 2024 has been updated in table 13 of the ‘Serious injury outcome indicators: 2000–2024…
HealthBusinessMediaEmployment and LaborSocial IssuesMedia CrisisAustralasia