Developers of multi-storey apartment blocks and hotels will be able to invite in foreign buyers again under changes to the Government's foreign buying ban law. Conveyancers also dodged a bullet and telcos got an exemption, but retirement village operators failed to win the exemption they hoped for. Nikki Mandow looks at the winners and losers in the select committee's changes to the Overseas Investment Amendment bill.
Foreign buyers will still be able to buy homes in New Zealand, if recommendations by the Finance and Expenditure select committee are adopted.
The New Zealand Transport Agency says a rise in truck movements linked to economic growth and an ageing car fleet were factors in a 50 percent rise in the road toll in the last five years.
The Reserve Bank faced questions from a Government MP today about why it couldn't cut interest rates to drive unemployment even lower. It argued in response further rate cuts could inflate the housing market again and it preferred interest rate stability to taking a risk that inflation could reappear.
Potential tax increases were one of the main weapons used by National in its election battle. But documents suggest the Government has been considering its own bump in revenue gathering to pay for transport spending. Shane Cowlishaw reports.
In today's email, we detail the Government's failure to collect any tax from global giant Apple, we look at how the water charging story isn't going to dry up, and examine the good news and the bad news out of Kiwibank's woeful week.
Labour got a morale boost at the least over the weekend when Michael Wood beat Parmjeet Parmar in the Mt Roskill by-election with a majority of 6,518. Phil Goff beat Parmar by 8,091 votes in the 2014 General Election, although candidates from the Green, New Zealand First, Conservative and Mana parties stood candidates that got a combined 3,793 votes.