Business

Charities and not-for-profits can earn $10,000 tax-free instead of $1,000 under new Government rules. Revenue Minister Simon Watts and Community and Voluntary Sector Minister Louise Upston announced the changes after Inland Revenue's review found existing tax rules lacked clarity and could undermine credibility. "Last year,

Rio Tinto will restart a mothballed production line at Tiwai Point aluminium smelter, backed by a new wind farm deal with Contact Energy. The companies signed a letter of intent for a power purchase agreement to support restarting Line 4, which has been idle since 2020. The arrangement would see

New World is dumping its Clubcard for a new rewards scheme that works across three supermarket chains. Club+ launches June 15, combining New World, PAK'nSAVE and Four Square into a single customer platform for the first time. The move reflects how most people already shop — bouncing between different

South Port has a new chief executive. Derek Nind will take over as CEO on July 27, replacing Nigel Gear who steps down at the end of May after 8.5 years leading the Bluff port company. Nind brings deep port experience to the role. He previously served as chief

The Government has unveiled a $1.2 billion loan scheme to help thousands of New Zealand businesses move away from dwindling natural gas supplies while protecting local jobs. The Gas Transition Loan Guarantee Scheme will see the Crown guarantee 80% of each supported loan, enabling banks to offer lower interest

The Warehouse Group has posted stable sales despite tough economic conditions, with customers making fewer shopping trips but spending more per visit. The retail giant, which operates The Warehouse Red Sheds, Warehouse Stationery and Noel Leeming stores, reported third-quarter sales of $700.8 million, down 1.4 percent on the

Afterpay is collecting nearly $20 million annually from late fees in New Zealand, despite marketing itself as an interest-free service. The buy-now-pay-later provider made $18.5 million in late fees in 2024, rising to $19.7 million last year, according to company results. While customers pay no charges when they

A company's plans to set up floating saunas on a small Te Anau lake have been rejected by Southland District Council after strong community opposition. Floating Sauna Ltd had applied for a licence to place two saunas and a changing room on a floating pontoon at Lake Henry,