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KiwiSaver Act
The KiwiSaver scheme, a New Zealand savings scheme, came into operation from Monday, 2 July 2007. Participants can normally access their KiwiSaver funds only after the age of 65, but can withdraw them in certain limited circumstances, for example if undergoing significant financial hardship or to use a deposit for a first home. A policy initiative of the Fifth Labour Government of New Zealand (in office 1999–2008), KiwiSaver is governed by various Acts of Parliament, including the KiwiSaver Act 2006 (passed in September 2006). As at 31 March 2021, the Financial Markets Authority (NZ) reports $81.6 billion in assets is managed by KiwiSaver providers. Basic operation Anyone who is entitled to live in New Zealand indefinitely and who normally lives in New Zealand is entitled to join KiwiSaver. Those under 18 require parental consent to join. Employee participants can choose to contribute 3%, 4%, 6%, 8% or 10% of their gross pay, and can switch rates three months after setti ...
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KiwiSaver Logo
The KiwiSaver scheme, a New Zealand savings scheme, came into operation from Monday, 2 July 2007. Participants can normally access their KiwiSaver funds only after the age of 65, but can withdraw them in certain limited circumstances, for example if undergoing significant financial hardship or to use a deposit for a first home. A policy initiative of the Fifth Labour Government of New Zealand (in office 1999–2008), KiwiSaver is governed by various Acts of Parliament, including the KiwiSaver Act 2006 (passed in September 2006). As at 31 March 2021, the Financial Markets Authority (NZ) reports $81.6 billion in assets is managed by KiwiSaver providers. Basic operation Anyone who is entitled to live in New Zealand indefinitely and who normally lives in New Zealand is entitled to join KiwiSaver. Those under 18 require parental consent to join. Employee participants can choose to contribute 3%, 4%, 6%, 8% or 10% of their gross pay, and can switch rates three months after setti ...
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Landmines
A land mine is an explosive device concealed under or on the ground and designed to destroy or disable enemy targets, ranging from combatants to vehicles and tanks, as they pass over or near it. Such a device is typically detonated automatically by way of pressure when a target steps on it or drives over it, although other detonation mechanisms are also sometimes used. A land mine may cause damage by direct blast effect, by fragments that are thrown by the blast, or by both. Landmines are typically laid throughout an area, creating a ''minefield'' which is dangerous to cross. The use of land mines is controversial because of their potential as indiscriminate weapons. They can remain dangerous many years after a conflict has ended, harming civilians and the economy. Seventy-eight countries are contaminated with land mines and 15,000–20,000 people are killed every year while many more are injured. Approximately 80% of land mine casualties are civilians, with children as the ...
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3 News NZ
''Newshub'' (stylised as ''Newshub.'') is a New Zealand news service that airs on the television channels Three and Eden, as well as on digital platforms. It formerly operated across radio stations run by MediaWorks Radio until December 2021. The Newshub brand replaced ''3 News'' service on the TV3 network and the Radio Live news service heard on MediaWorks Radio stations on 1 February 2016. In late 2020, MediaWorks sold Newshub to US multimedia company Discovery, Inc. (now Warner Bros. Discovery) The acquisition was completed on 1 December 2020. History MediaWorks MediaWorks launched Newshub on 1 February 2016 as a multi-platform news service to replace the former 3 News service on its television channel Three and the Radio Live news service. In March 2016, a Newshub journalist broke embargo and leaked sensitive information about a 25 basis point cut by the Reserve Bank to the Official Cash Rate (OCR). Newshub's parent company MediaWorks conducted their own investigation ...
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Australian Treasury
The Treasury, fully Department of the Treasury, is the Australian Government ministerial department responsible for economic policy, fiscal policy, market regulation, and the Australian federal budget. The Treasury is one of only two government departments that have existed continuously since Federation in 1901, the other being the Attorney-General's Department. The most senior public servant in the Treasury is the department secretary, currently Steven Kennedy who was appointed in September 2019. Ministerial responsibility for the department lies with the Treasurer, currently Jim Chalmers who took office in the Albanese government in May 2022. History The Australian Treasury was established in Melbourne in January 1901, after the federation of the six Australian colonies. In 1910, the federal government passed the ''Australian Notes Act 1910'' which gave control over the issue of Australian bank notes to The Treasury and prohibited the circulation of state notes and withdr ...
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National Business Review
The ''National Business Review'' (or ''NBR'') is a New Zealand online news publication aimed at the business sector. It has journalists based in Auckland and Wellington. History The ''NBR'' was founded in 1970 by then-23 year old publisher Henry Newrick. Initially published as a fortnightly tabloid-format newspaper, it was briefly published as a daily newspaper from 1987 to 1991. New Zealand businessman Barry Colman was the ''NBR's'' publisher for 24 years, after buying it from John Fairfax & Sons in 1988. He sold it to Todd Scott Todd Scott is the owner and publisher of ''National Business Review'', alongside his wife, Jackie Scott. Biography After leaving school early, he trained as a butcher, and in 1989 was named New Zealand young butcher of the year.
in 2012. The publication's website has a paywall model, where businesses and individual subscribers pay to access certain content. As of June 2016, the ''NBR'' had more than 4000 payin ...
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NZPA
The New Zealand Press Association (NZPA) was a news agency that existed from 1879 to 2011 and provided national and international news to the media of New Zealand. The largest news agency in the country, it was founded as the United Press Association in 1879, and became the New Zealand Press Association in 1942. Following Fairfax New Zealand's withdrawal from NZPA in April 2011, NZPA told staff that it would be wound up over the next four to six months, and ceased operation on 31 August 2011. NZPA was superseded by three new services, all Australian-owned: APNZ (on-going), Fairfax New Zealand News (on-going as Stuff), and NZ Newswire (folded in April 2018). History Daily and Sunday newspapers owned by APN News & Media, Fairfax New Zealand, Allied Press, Ashburton Guardian, The Gisborne Herald, The Wairoa Star Ltd, Whakatane Beacon and the Westport News were members of NZPA. Until January 2006, member newspapers were obliged by contract to supply their home town news copy to N ...
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New Zealand National Party
The New Zealand National Party ( mi, Rōpū Nāhinara o Aotearoa), shortened to National () or the Nats, is a centre-right political party in New Zealand. It is one of two major parties that dominate contemporary New Zealand politics, alongside its traditional rival, the New Zealand Labour Party, Labour Party. National formed in 1936 through amalgamation of conservative and Liberalism, liberal parties, Reform Party (New Zealand), Reform and United Party (New Zealand), United respectively, and subsequently became New Zealand's second-oldest extant political party. National's predecessors had previously formed United–Reform Coalition, a coalition against the growing labour movement. National has governed for five periods during the 20th and 21st centuries, and has spent more List of government formations of New Zealand, time in government than any other New Zealand party. After the 1949 New Zealand general election, 1949 general election, Sidney Holland became the first Prime M ...
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John Key
Sir John Phillip Key (born 9 August 1961) is a New Zealand retired politician who served as the 38th prime minister of New Zealand, Prime Minister of New Zealand from 2008 to 2016 and as Leader of the New Zealand National Party from 2006 to 2016. After resigning from both posts in December 2016 and leaving politics, Key was appointed to the board of directors and role of chairman in several New Zealand corporations. Born in Auckland before moving to Christchurch when he was a child, Key attended the University of Canterbury and graduated in 1981 with a bachelor of commerce, Bachelor of Commerce. He began a career in the foreign exchange market in New Zealand before moving overseas to work for Merrill Lynch, in which he became head of global foreign exchange in 1995, a position he would hold for six years. In 1999 he was appointed a member of the Foreign Exchange Committee of the Federal Reserve Bank of New York until leaving in 2001. Key entered the New Zealand Parliament ...
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Labour Party Of New Zealand
The New Zealand Labour Party ( mi, Rōpū Reipa o Aotearoa), or simply Labour (), is a Centre-left politics, centre-left political party in New Zealand. The party's platform programme describes its founding principle as democratic socialism, while observers describe Labour as social democracy, social-democratic and pragmatic in practice. The party participates in the international Progressive Alliance. It is one of two Major party, major political parties in New Zealand, alongside its traditional rival, the New Zealand National Party, National Party. The New Zealand Labour Party formed in 1916 out of various Socialism in New Zealand, socialist parties and trade unions. It is the country's oldest political party still in existence. Alongside the National Party, Labour has alternated in leading List of New Zealand governments, governments of New Zealand since the 1930s. , there have been six periods of Labour government under ten Labour List of Prime Ministers of New Zealand, pr ...
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2005 New Zealand Election Funding Controversy
The 2005 New Zealand election funding controversy occurred in the aftermath of the 2005 New Zealand general election. Under New Zealand's political system, parties may only spend, during the 90 days before the election, up to a certain amount on campaigning (excluding broadcasting). They must raise that money from their own sources. Other funds are available through The Parliamentary Service to Members of Parliament for "parliamentary purposes", which may include advertising but not "electioneering material". Following the 2005 election, there was widespread debate as most parties had breached either election or parliamentary spending rules in some respect. Election spending allegations Labour Labour and five other political parties were investigated for alleged breaches of election spending rules relating to the 2005 election. The Electoral Commission, the independent body charged with supervising compliance with campaign rules, referred the Labour Party to the police after findi ...
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Helen Clark
Helen Elizabeth Clark (born 26 February 1950) is a New Zealand politician who served as the 37th prime minister of New Zealand from 1999 to 2008, and was the administrator of the United Nations Development Programme from 2009 to 2017. She was New Zealand's fifth-longest-serving prime minister, and the second woman to hold that office. Clark was brought up on a farm outside Hamilton. She entered the University of Auckland in 1968 to study politics, and became active in the New Zealand Labour Party. After graduating she lectured in political studies at the university. Clark entered local politics in 1974 in Auckland but was not elected to any position. Following one unsuccessful attempt, she was elected to Parliament in as the member for Mount Albert, an electorate she represented until 2009. Clark held numerous Cabinet positions in the Fourth Labour Government, including minister of housing, minister of health and minister of conservation. She was the 11th deputy prime ...
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Superannuation In Australia
In Australia, superannuation, or just super, is the term for retirement pension benefit funds. Employers make compulsory contributions into these funds on behalf of their employees. Superannuation is compulsory for all employed people working and residing in Australia. The total balance of a person's superannuation is then used to provide an income stream upon reaching retirement. Federal law dictates minimum amounts that employers must contribute to the super accounts of their employees, on top of standard wages or salaries. Most employees have their super contributed to large funds - either industry funds (not-for-profit mutual funds, managed by boards composed of industry stakeholders), or retail funds (for-profit commercial funds, principally managed by financial institutions). However, some Australians can have their super deposited into self-managed superannuation funds. The Australian Government outlines a set percentage of employee income that should be paid into a ...
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