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Kiwibank Limited is a New Zealand state-owned bank and financial services provider with approximately 4% of market share in terms of assets. Kiwibank is owned by the New Zealand Government and provides some of its banking services through its branches. Kiwibank branches were previously located within ''PostShops'' (post offices). The company's Board of Directors was chaired by former New Zealand Prime Minister Jim Bolger from 2001–2010. The current Chair of the Board of Directors is Jon Hartley. History Earlier state-owned banks Kiwibank is similar in many respects to an earlier post office-based bank owned by the New Zealand Government. The New Zealand Post Office Bank was established in 1867. In 1987, the bank was corporatised and separated from New Zealand Post and Telecom New Zealand to form a stand-alone company – PostBank. Then in 1989 PostBank was sold by the government to ANZ. Establishment period (2002–2010) The bank originated from Alliance Party policy du ...
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State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ...
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The New Zealand Herald
''The New Zealand Herald'' is a daily newspaper published in Auckland, New Zealand, owned by New Zealand Media and Entertainment, and considered a newspaper of record for New Zealand. It has the largest newspaper circulation of all newspapers in New Zealand, peaking at over 200,000 copies in 2006, although circulation of the daily ''Herald'' had declined to 100,073 copies on average by September 2019. Its main circulation area is the Auckland region. It is also delivered to much of the upper North Island including Northland, Waikato and King Country. History ''The New Zealand Herald'' was founded by William Chisholm Wilson, and first published on 13 November 1863. Wilson had been a partner with John Williamson in the ''New Zealander'', but left to start a rival daily newspaper as he saw a business opportunity with Auckland's rapidly growing population. He had also split with Williamson because Wilson supported the war against the Māori (which the ''Herald'' termed "the ...
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Radio New Zealand
Radio New Zealand ( mi, Te Reo Irirangi o Aotearoa), commonly known as Radio NZ or simply RNZ, is a New Zealand public-service radio broadcaster and Crown entity that was established under the Radio New Zealand Act 1995. It operates news and current-affairs network, RNZ National, and a classical-music and jazz network, RNZ Concert, with full government funding from NZ on Air. Since 2014, the organisation's focus has been to transform RNZ from a radio broadcaster to a multimedia outlet, increasing its production of digital content in audio, video, and written forms. The organisation plays a central role in New Zealand public broadcasting. The New Zealand Parliament fully funds its AM network, used in part for the broadcast of parliamentary proceedings. RNZ has a statutory role under the Civil Defence Emergency Management Act 2002 to act as a "lifeline utility" in emergency situations. It is also responsible for an international service (known as RNZ Pacific); this is broadcas ...
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Kiwi Group Holdings
Kiwi most commonly refers to: * Kiwi (bird), a flightless bird native to New Zealand * Kiwi (nickname), a nickname for New Zealanders * Kiwifruit, an edible berry * Kiwi dollar or New Zealand dollar, a unit of currency Kiwi or KIWI may also refer to: Music * Kiwi (band), a girl group from Mongolia * "Kiwi" (song), a 2017 song by Harry Styles * "Kiwi", a 2007 song by Maroon 5 from ''It Won't Be Soon Before Long'' Radio * KIWI, a radio station in California, U.S. * Kiwi FM, a New Zealand radio network Ships * HMNZS ''Kiwi'' (T102), a minesweeper commissioned in 1941 * HMNZS ''Kiwi'' (P3554), a patrol boat commissioned in 1983 Sports * Kiwi (horse) (1977–1995), a thoroughbred racehorse * Kiwis (rugby league), the New Zealand national rugby league team * Kiwi FC or Vailima Kiwi FC, a Samoan football club * Kiwi Soccers, an American Samoan football club Travel * Kiwi.com, a Czech online travel agency * Kiwi International Air Lines, an American airline 1992–1999 * Kiwi R ...
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Accident Compensation Corporation
The Accident Compensation Corporation (ACC) ( mi, Te Kaporeihana Āwhina Hunga Whara) is the New Zealand Crown entity responsible for administering the country's no-fault accidental injury compensation scheme, commonly referred to as the ACC scheme. The scheme provides financial compensation and support to citizens, residents, and temporary visitors who have suffered personal injuries. The corporation was founded as the Accident Compensation Commission on 1 April 1974 as a result of the Accident Compensation Act 1972. Its principal governing act today is the Accident Compensation Act 2001. As a Crown entity, ACC is governed by a board that is responsible to the Minister for ACC. Unlike most other Crown entities, it has its own dedicated ministerial portfolio, which since July 2020 has been held by Carmel Sepuloni. History The ACC has its origins in the Workers' Compensation for Accidents Act 1900, which established a limited compensation scheme for workers who had suffered inju ...
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New Zealand Superannuation Fund
The New Zealand Superannuation Fund ( mi, Te Kaitiaki Tahua Penihana Kaumātua o Aotearoa) is a sovereign wealth fund in New Zealand. New Zealand currently provides universal superannuation for people over 65 years of age and the purpose of the Fund is to partially pre-fund the future cost of the New Zealand Superannuation pension, which is expected to increase as a result of New Zealand's ageing population. The fund is a member of the International Forum of Sovereign Wealth Funds and is therefore signed up to the Santiago Principles on best practice in managing sovereign wealth funds. Foundation The Superannuation Fund was created by the New Zealand Superannuation and Retirement Act 2001 on 11 October 2001 by Michael Cullen, who was then Minister of Finance under the Fifth Labour Government, and is colloquially known as the "Cullen Fund". The sovereign fund posted a record 25.8% return in the twelve months till 30 June 2013. In the 2009 New Zealand budget the National Govern ...
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Credit Rating
A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government), predicting their ability to pay back the debt, and an implicit forecast of the likelihood of the debtor defaulting. The credit rating represents an evaluation of a credit rating agency of the qualitative and quantitative information for the prospective debtor, including information provided by the prospective debtor and other non-public information obtained by the credit rating agency's analysts. Credit reporting (or credit score) – is a subset of credit rating – it is a numeric evaluation of an ''individual's'' credit worthiness, which is done by a credit bureau or consumer credit reporting agency. Sovereign credit ratings A sovereign credit rating is the credit rating of a sovereign entity, such as a national government. The sovereign credit rating indicates the risk level of the investing environment of a country and is used by investors whe ...
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Standard & Poor's
S&P Global Ratings (previously Standard & Poor's and informally known as S&P) is an American credit rating agency (CRA) and a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities. S&P is considered the largest of the Big Three credit-rating agencies, which also include Moody's Investors Service and Fitch Ratings. Its head office is located on 55 Water Street in Lower Manhattan, New York City. History The company traces its history back to 1860, with the publication by Henry Varnum Poor of ''History of Railroads and Canals in the United States''. This book compiled comprehensive information about the financial and operational state of U.S. railroad companies. In 1868, Henry Varnum Poor established H.V. and H.W. Poor Co. with his son, Henry William Poor, and published two annually updated hardback guidebooks, ''Poor's Manual of the Railroads of the United States'' and ''Poor's Directory of Railway Officials''. In 1906, Lu ...
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Midnight Youth
Midnight Youth were a New Zealand rock band formed in 2006. Their debut album, ''The Brave Don't Run'', was released in 2009 in New Zealand and Australia. The band subsequently toured and played festivals across Australasia, the United States and Asia. Their second and last studio album, '' World Comes Calling'', was released in October 2011. They played their last show on 2 March 2013. History Early beginnings Midnight Youth came together while at Rangitoto College in Auckland's North Shore with three members of the band playing together in New Zealand's high school Rockquest competition. Jeremy Redmore and Nick Campbell completed the group in mid-2006. The band released two independent singles, "Supernatural" and "A New Day", in 2007 and played opening slots for Incubus, OK Go and a re-formed INXS in their New Zealand shows. In 2008 they self-funded a trip to New York City to lodge and record with producer Terence Dover. With Hotbed Studios (vocals and bass) as their qu ...
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Jeremy Redmore
Jeremy Redmore is a New Zealand musician, singer-songwriter, producer and author. In his early career he rose to fame as the main creative force behind the band Midnight Youth. Since then he has released two albums as a solo artist as well as a music-themed children's picture book. Background Redmore was born in Auckland before receiving his education at Tauranga Boys' College and the University of Auckland. Music career Midnight Youth 2006–2012 Redmore started making an impact in New Zealand's music scene in 2006 after joining New Zealand rock band Midnight Youth. Their platinum-selling debut album The Brave Don't Run peaked at number 2 in the RIANZ New Zealand Album Chart and included two top 20, gold-selling singles, All On Our Own and " The Letter". The band won the Best Rock Album award, Best Group award and Best Engineer award at the 2009 New Zealand Music Awards as well as a Silver Scroll for the most-played song of 2009. In 2011 they released their second album ''W ...
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Neil Finn
Neil Mullane Finn (born 27 May 1958) is a New Zealand singer-songwriter and musician who is known for being a member of Crowded House, Split Enz (which he co-fronted with brother Tim), and Fleetwood Mac. Finn rose to prominence in the late 1970s with Split Enz and wrote many of the band's most successful songs, including " One Step Ahead", "History Never Repeats", " I Got You", and "Message to My Girl". After Split Enz broke up in 1984, Finn founded Crowded House with Split Enz's final drummer Paul Hester in 1985 and served as the band's lead singer. The group achieved international success in 1987 when they released the single "Don't Dream It's Over", written by Finn. After Crowded House disbanded in 1996, Finn and his brother released two albums as the Finn Brothers, before reforming Crowded House in 2006. In April 2018, Finn joined Fleetwood Mac for their forthcoming tour that year. Finn has also recorded several successful solo albums and assembled diverse musicians f ...
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Jingoistic
Jingoism is nationalism in the form of aggressive and proactive foreign policy, such as a country's advocacy for the use of threats or actual force, as opposed to peaceful relations, in efforts to safeguard what it perceives as its national interests. Colloquially, jingoism is excessive bias in judging one's own country as superior to others – an extreme type of nationalism. (''cf''. Chauvinism and Ultranationalism) Etymology The chorus of a song by the songwriter G. W. Hunt, popularized by the singer G. H. MacDermott – which was commonly sung in British pubs and music halls around the time of the Russo-Turkish War of 1877–78 – gave birth to the term. The lyrics included this chorus: The capture of Constantinople was a long-standing Russian strategic aim, since it would have given the Russian Navy, based in the Black Sea, unfettered access to the Mediterranean Sea through The Bosphorus and the Dardanelles (known as the " Turkish Straits"); conversely, t ...
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