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Finance

Associated Ministers

18 August, 2008

New Zealanders will be able to repatriate up to billions of dollars of locked Australian retirement funds

Australian and New Zealand ministers meeting in Melbourne celebrated the 25th anniversary of Closer Economic Relations and marked further progress towards creating a trans Tasman Single Economic Market.

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14 August, 2008

Discussion document looks at streaming and refunding imputation credits

Discussion document asks if the law should allow limited streaming of imputation credits to those who can use them and refunds of credits for charities and other tax-exempt entities

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13 August, 2008

Back on track: Infrastructure for New Zealand

Finance Minister Michael Cullen’s opening address to the New Zealand Council for Infrastructure Development’s ‘Building Nations’ Symposium, Eden Park, Auckland

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6 August, 2008

Standard & Poor's ratings review underlines importance of saving

International ratings agency Standard & Poor's affirmation of the country's sovereign credit ratings is a vote of confidence in New Zealand in these challenging international economic times and a reminder of the importance of policies to encourage a stronger personal savings culture.

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5 August, 2008

Global economic challenges are serious

The seriousness of the global economic headwinds affecting New Zealand means that sensible, transparent management of the economy is increasingly important.

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30 July, 2008

KiwiSaver breaks through 750,000 mark

The number of New Zealanders saving for their future through KiwiSaver has broken through the three-quarters of a million mark.

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22 July, 2008

Government takes first steps in KiwiRail upgrade

Improvements for Auckland and Wellington commuter services and a major overhaul of the Tranz Scenic service are part of a five year investment in rail infrastructure.

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18 July, 2008

Dr Chris Eichbaum appointed to Reserve Bank Board

Dr Chris Eichbaum, Senior Lecturer in Public Policy in the School of Government at Victoria University, has been appointed to the Reserve Bank Board.

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17 July, 2008

Australia, NZ imputation and franking credits

The Australian and New Zealand governments are open to the idea of moving toward mutual recognition of imputation and franking credits between firms that invest in each other’s country

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17 July, 2008

Trans-Tasman retirement savings portability

Officials from Australia and New Zealand will finalise the text of a deal by the end of October that will facilitate the portability of private retirement savings across the Tasman

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17 July, 2008

Australia, NZ progress bilateral economic interests

Finance Minister Michael Cullen and Australian Treasurer Wayne Swan discuss how to progress the shared goal of a Single Economic Market, and made several SEM-related announcements

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16 July, 2008

Approval granted for Vector Wellington network sale

Consent has been granted to the joint bid by Cheung Kong Infrastructure Holdings Limited (CKI) and Hongkong Electric Holdings Limited (HKE) to acquire up to 100 percent of the shares of Vector Wellington Electricity Network Limited (VWENL).

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14 July, 2008

Claim for costs and losses settled

The government and Atihau-Whanganui Incorporation (AWI) have agreed to a settlement of AWI’s claims for costs and losses incurred as a result of its lands being subject to the vested lands regime.

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10 July, 2008

ANZ analysis on govt spending ignores the facts

A report by an ANZ bank economist has decided frontline spending at the Ministry of Social Development, Child Youth and Family and education services for children with special needs is "non-productive" or back-office spending.

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2 July, 2008

Address to the Deloitte Tax Seminar

The main focus of the Government’s tax policy work programme over the last few years has been on measures designed to help to strengthen the economy.

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2 July, 2008

Tax reform to help NZ companies compete overseas

Comprehensive reform of our international tax rules, to help New Zealand-based companies compete more effectively overseas, is a key feature of a taxation bill introduced today.

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2 July, 2008

Business tax reforms focus of bill

The July Tax Bill tabled in Parliament today introduces a number of major business tax reforms which focus on reducing tax costs for businesses.

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1 July, 2008

KiwiSaver surges past 700,000 one year on

KiwiSaver celebrates its first birthday in style today with confirmation that more than 700,000 New Zealanders are saving for their retirement through the scheme.

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1 July, 2008

New Zealand’s rail back in New Zealand hands

The truth is that New Zealand must have a strong, thriving rail network if we are going to live up to our full economic and environmental potential.

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1 July, 2008

Jim Bolger to lead New Zealand’s public rail system

Former Prime Minister Jim Bolger has been appointed chair of the establishment board of KiwiRail which will manage the business previously known as Toll Rail.

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27 June, 2008

March GDP weak as expected, NZ future is strong

Statistics New Zealand today confirmed market expectations for a weak economic start to the year which, while disappointing, do not detract from the reality that New Zealand's economic and social prospects are very healthy and strong.

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17 June, 2008

Budget 2008 - A budget for our times, fairness to all

Speech by Associate Finance Minister Trevor Mallard to the Waikato Chamber of Commerce breakfast meeting, Novotel Tainui, Hamilton

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13 June, 2008

The trans-Tasman economic relationship

Speech to Australia – New Zealand Leadership Forum, Wellington

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12 June, 2008

KiwiSaver numbers closing in on 700,000

The number of New Zealanders saving for their future through KiwiSaver has passed 670,000, with over 2,300 new members signing up every day in May.

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12 June, 2008

NZGovt stmt to UN General Assembly on HIV/AIDS

New Zealand Government's statement, delivered by Cabinet Minister Hon Trevor Mallard, to the United Nations General Assembly: High-level meeting on a comprehensive review of the progress achieved in realising the Declaration of Commitment on HIV/AIDS and the Political Declaration on HIV/AIDS

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27 May, 2008

Nutritek gets green light to increase stake in NZDL

Nutritek has received consent to increase its shareholding in New Zealand Dairies Limited because such an investment would bring benefits to New Zealand.

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22 May, 2008

Tax changes to lower costs for NZ businesses

Legislation to be introduced to Parliament next month will reduce tax-related compliance costs and remove tax impediments to the offshore expansion of New Zealand-resident businesses

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22 May, 2008

Budget buys rail back for New Zealanders

Budget 2008 includes $690 million in capital funding to buy back the rail system after 15 years of private ownership

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22 May, 2008

Record investment in transport continues

The government’s major reinvestment in transport infrastructure takes another step forward from July 1

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22 May, 2008

Budget for fair economy and a strong future

Providing relief to workers and planning for a strong future are at the centre of Finance Minister Michael Cullen’s ninth Budget

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