Environment – Big irrigation consent locks in climate, water, and health damage – Greenpeace

Source: Greenpeace
Greenpeace is today condemning a large-scale irrigation consent as ‘locking in overstocking of the land with dairy cows which is bad news for our climate, a guarantee of more water pollution and a risk to human health.’
Environment Canterbury has granted a replacement consent for the Mayfield-Hinds-Valetta (MHV) irrigation scheme to operate on 56,500 hectares of farmland between the Ashburton and Rangitata rivers.
MHV was originally granted consent to discharge an alarming 104 kilograms of nitrate per hectare, outraging locals and freshwater advocates.
Intensive dairying pollutes waterways and groundwater with nitrate-nitrogen due to run-off from cow urine and synthetic nitrogen fertiliser. Nitrate pollution in water can cause a range of health effects, including ‘blue baby’ syndrome in infants fed formula milk made with nitrate-polluted water. It has also been linked to increased rates of bowel cancers.
The current ‘safe’ level for nitrate-nitrogen pollution in drinking water is 11.3mg/L, but the link to increased rates of bowel cancers has been shown in international studies at as low as 0.87mg/L.
Greenpeace senior campaigner Steve Abel says the consent comes after a long history of central and local governments failing to properly regulate the dairy industry.
“Intensive dairying is a triple whammy: it’s fouling rivers, spewing out climate pollution and putting our health at risk. All of that has gone unchecked,” says Abel.
“With all we know of how destructive this pollution is, ECan’s granting of this consent is just further proof that both central and local governments are putting dairy industry profits over the health of our communities.
“How many people have to get sick before central and local government act? We cannot keep farming like this if we want healthy communities, flourishing rivers and a safe and stable climate.”
ECan granted the consent with the requirement that MHV achieve a 25 per cent reduction in nitrogen losses by 2030.
“A quarter less nitrate-nitrogen in ten year’s time is still a hell of a lot of nitrate pollution seeping into drinking water. This figure will be no comfort to the communities who are already legitimately concerned about drinking the water that comes out of their tap,” says Abel.
The consent application was non-notified, meaning that the public were not able to have a say on it.
“The way New Zealand farms affects all of us, from water pollution to the climate crisis. It’s immensely frustrating and dangerous when even the most affected local communities can’t have their say on a consent like this,” says Abel.
Greenpeace is calling on the Government to phase out synthetic nitrogen fertiliser and drop the limit for nitrate-nitrogen in water from 11.3mg/L to 0.87mg/L, in line with international research on nitrate pollution and bowel cancers.
“Everyone should be able to trust that the water from their tap is clean and safe to drink. It’s a sad state of affairs when New Zealanders can’t rely on their central or local governments to protect their health and the health of the land, water and climate,” says Abel.

Animal Welfare – Wiggles strike a sour note with veterinarians

Source: NZ Veterinary Association
Saturday 24 April marks World Veterinary Day and this year New Zealand veterinarians find themselves facing another year of significant stress and challenging workloads.
There are many reasons for this including the fact that veterinarians were classified as essential workers during the COVID 19 lockdown often working under extreme conditions which added to the stress they were already suffering due to an often physically and emotionally demanding job.
“Part of what contributes to veterinarians’ emotional loads is wanting to do the very best we can for our patients – with a number of constraints. We know animals are sentient beings and have feelings like humans – including pain and distress when things go wrong, as pets age, or accidents happen. We all want to keep them happy and healthy – and we need to achieve this in an unsubsidised veterinary care system. Those challenging situations, including when euthanasia needs to be included in the conversation, are difficult, and cumulative for veterinarians. Two things that help enormously, are pet insurance, and being kind and compassionate to your veterinarian – we are affected by your trauma too,” says Helen Beattie, chief veterinary officer, for the New Zealand Veterinary Association.
Adding to the pressure is the long- term critical shortage of veterinarians that was exacerbated by the border closures that prevented overseas veterinarians entering the country to help alleviate the shortage. In September last year, the government announced an exemption for 30 veterinarians to come to New Zealand – there is a requirement for at least 50 more and these vacancies cannot be filled using the provisions of the long- term critical visa category.
“The New Zealand Veterinary Association (NZVA) is concerned that despite considered representations to government that there has been no movement on this issue, so recent exemptions, including enabling the Wiggles to travel here struck a sour note with our members,” says Kevin Bryant, NZVA chief executive.
“We have consistently pointed out to Ministers of Immigration and Agriculture the implications of their inaction which include poor mental and physical health for veterinarians, impacts on primary sector production, animal welfare implications, impacts on farmers’ mental health when they can’t get the advice they need, impacts on biosecurity, surveillance and food safety and implications for pet owners when they can’t access essential services such as neutering.”
The NZVA is hopeful that the government may revise its position and provide an additional exemption for 50 more veterinarians.

Business – Just Life Group to acquire the business of About Health and raise capital

Source: Just Life Group
Acquisition of About Health business
Just Life Group (NZX: JLG) is pleased to announce that it has agreed to acquire the business of About Health, as part of its acquisition strategy in the ‘healthy living’ and ‘healthy homes’ sectors.
The purchase price of $17 million will be funded through a combination of new and existing debt facilities and an equity raising. The acquisition is unconditional and is expected to complete on the 30th of April 2021.
The About Health business is a leading provider of natural dietary supplements in New Zealand, including well-known brands Lester’s Oil and Res-V Ultimate.
Just Life Group holds a portfolio of brands, and About Health fits under the ‘healthy living’ sector:
Healthy Living:
– Just Water
– About Health 
Healthy Homes
– Solatube
– Unovent
– The Cylinder Guy
– Hometech
– Designer Tanks (60% owned)
This acquisition of About Health will be immediately accretive to the Group earnings.
The customer profile of other brands in Just Life’s portfolio is similar to that of About Health, and this provides opportunities to market across the range of its products.
The recent announcement that Beatrice Faumuina ONZM has joined the Company as Group Brand Ambassador has raised the Company’s profile, and this will continue to expand through its investment in digital, social, and traditional marketing campaigns.
Just Life Group CEO, Tony Falkenstein, says “the acquisition of About Health will accelerate the growth of the Company and drive shareholder value. The Company’s business was affected by Covid-19 and the aftermath of the lockdowns, but the resilience that the Company displayed in response has laid a strong base for the future.
Although the Company initially advised that its 2021 earnings would be significantly affected, the directors have been pleased by the quick return to normality as evidenced in the Company’s Interim 2021 result reported to NZX on 26 February 2021.”
The Company will continue to seek out acquisition targets within its strategy framework.
Funding of acquisition and capital raising
The acquisition of About Health will be fully funded through a combination of debt and equity comprising:
– $15 million of new debt facilities provided by Bank of New Zealand.
– a non-underwritten 1 for 14 renounceable rights offer to raise up to approximately $4.5 million at an issue price of $0.70 per share, and
– available headroom under existing debt facilities with Bank of New Zealand.
A copy of the rights issue offer document has been released to the market today and will be provided to eligible shareholders on or before the rights offer opening date of 5 May 2021.
Just Life Group’s 70% major shareholder, The Harvard Group, is supportive of the acquisition and equity raising and has committed to take up 100% of its rights under the rights offer. Just Life Group will use its new and existing debt facilities to complete the About Health acquisition and then use the proceeds of the equity raising to repay part of those debt facilities.

Health – Aotearoa Te Rā Whakaarohia te Huangō May 4th, 2021 – New Zealand’s inaugural Asthma Awareness Day

Source: Asthma and Respiratory Foundation
This May, the Asthma and Respiratory Foundation New Zealand (ARFNZ) is launching a dedicated New Zealand Asthma Awareness Day: Aotearoa – Te Rā Whakaarohia te Huangō. 
New Zealand’s asthma statistics are among the worst in the world, with Māori tamariki, mokopuna and whānau disproportionately affected. The 2019 Global Burden of Disease reported the rate of death due to childhood asthma in New Zealand as nearly four times higher than the global rate for children aged 10-14 years. For children aged 5-9 years, the proportion of disability adjusted life years (DALYs) due to asthma in New Zealand was 3.6 times higher than the global rate. 
World Asthma Day is an event organised by GINA (the Global Initiative for Asthma), which has been running since 1998 and is traditionally held on the first Tuesday of May worldwide. 
“It’s time for Aotearoa to take asthma seriously, raise awareness of these statistics, and do it our way,” says Chief Executive Letitia Harding. “We have Māori children being hospitalised at twice the rate of non-Māori, and with higher mortality from respiratory disease.” 
That is why, this Tuesday May 4th, and the first Tuesday of May every year in New Zealand, will now be Aotearoa – Te Rā Whakaarohia te Huangō. 
The name is gifted to the Foundation by Sir John Clarke, KNZM, CNZM, ARFNZ’s Chief Cultural Advisor, Māori. 
“I believe that poor living conditions have greatly contributed to health inequity, and that warm, dry homes are vital in reducing respiratory illness,” says Sir John. “We need to focus on addressing these health inequities in Māori, ensuring we reach our tamariki, whānau and parents through education, and awareness is key. It’s crucial to arm them with knowledge about asthma, how to prevent an attack, and what to do in an asthma emergency.” 
Letitia Harding met with John Whaanga, Deputy Director General Māori Health this week, who offers his support for awareness around Aotearoa – Te Rā Whakaarohia te Huangō. 
“We need to look at ways to stop Māori children being disproportionately hospitalised and dying from asthma, and this day brings attention to that. 
“This day also aligns with Whakamaua, the Māori Health Action Plan, which outlines a suite of actions and priority areas that will help us achieve better health outcomes for Māori over the next five years. It will also help bring us closer to Pae Ora – healthy futures for all Māori, especially our tamariki,” he says. 
For more information on Aotearoa – Te Rā Whakaarohia te Huangō go to worldasthmaday.org.nz 

Employment Disputes – Bus drivers indefinitely locked-out by employer

Source: CTU
The Council of Trade Unions is shocked and appalled by the behaviour of NZ Bus, owned by Next Capital, which has today issued lock-out notices to Wellington Bus drivers for an indefinite period. CTU President Richard Wagstaff said, “this is a direct attack on our bus drivers in an attempt to cut their pay and conditions of employment.”
“This is a situation where a big Aussie venture capital company is trying bludgeon a vulnerable workforce into submission with an indefinite lock-out. These tactics have no place in New Zealand and commuters who rely on these drivers will be shocked at the way drivers are being treated.”
“NZ Bus have already refused an offer by the Wellington Regional Council to fund a living wage adjustment, because they want to reduce conditions of employment.”
“Clearly Next Capital, the owners of NZ Bus, don’t care about bus drivers, don’t care about people of Wellington and they don’t care about New Zealand. They just want to increase their own profit by savaging their workforce, and clearly they’ll do anything to achieve it.”
“The Wellington Regional Council, who contract NZ Bus to deliver services, must give Next Capital the message that these tactics are an affront to the values principles of the Council and have no place in Wellington,” Wagstaff said. 
Notes
1. The lockout is due to start once tomorrows strike finishes
2. For more information about the definition of a lockout https://www.legislation.govt.nz/act/public/2000/0024/latest/DLM59970.html

Animal Welfare – Meth use in greyhound racing exposed – SAFE NZ

Source: SAFE NZ
In a judgement released yesterday, the Judicial Control Authority for Racing fined greyhound trainer Angela Turnwald $3,500 and disqualified them for four months in a doping case. The case was bought by the Racing Integrity Unity after the greyhound Zipping Sarah tested positive for methamphetamine.
This is the third doping case in the greyhound racing industry in the last six months.
SAFE spokesperson Will Appelbe wants the Government to halt all greyhound racing until its recently announced review of the industry is complete.
“Dogs are being killed, injured and doped,” said Appelbe. “That’s the state of greyhound racing in Aotearoa right now. It’s abhorrent.”
Last week, the Minister for Racing, Grant Robertson, and the Minister responsible for animal welfare, Meka Whaitiri, announced a Government review of the greyhound racing industry. Robertson said he was concerned about track safety and cited “far too many incidents” recently where dogs had died or been injured and said he could not rule out shutting down the industry altogether.
Since January, eight dogs have died and more than 300 have been injured as a result of racing.
“The Government’s review is promising, but every day that dogs are raced, the risk of painful injury is high and death is never far away. To protect dogs, the Minister should immediately halt racing until the review is complete.”
SAFE is New Zealand’s leading animal rights organisation.
We're creating a future that ensures the rights of animals are respected. Our core work empowers society to make kinder choices for ourselves, animals and our planet.
Notes:
– Last week the Government announced a review of the greyhound racing industry, following reports from SAFE, the Greyhound Protection League and Grey2K USA Worldwide of ongoing cruelty within the industry. In the announcement, the Minister for Racing Grant Robertson said he is not satisfied the industry is improving animal welfare, and that Greyhound Racing New Zealand had failed to provide sufficient information on changes they are making.
– The Greyhound Protection League is running a petition, which asks Parliament to pass legislation to ban greyhound racing and to require all dogs that have been bred for racing be rehomed and rehabilitated.
– Greyhound Racing New Zealand’s 2020 annual report.
– Photos of dogs rescued by the Greyhound Protection League.
– Greyhound racing is legal in only seven countries. A ban in the Australian Capital Territory came into force in April 2018, followed by a ban in Florida, USA, in November 2018. Since Florida is home to 11 of the USA’s 17 active dog tracks, this is a signal that greyhound racing is about to become a thing of the past in the United States.
– Information about greyhound racing in New Zealand.

Sport – Rt Hon Jacinda Ardern to give keynote at Captains Lunch 2021

Source: Women in Sport Aotearoa
Captains Lunch 2021 to celebrate female leadership in sport and business, featuring Prime Minister Rt Hon Jacinda Ardern, Deputy Prime Minister Hon Grant Robertson and CEO of Sport New Zealand, Raelene Castle ONZM
Event:
–  Captains Lunch 2021
– Friday, 7 May 2021, 1.00pm – 3.00pm
– Eden Park, South Level 4 Lounge, South Stand, Gate G, Reimers Avenue, Auckland
– Pictures: will be available from Getty immediately post event
Featuring:
– Keynote address from Prime Minister Rt Hon Jacinda Ardern
– Remarks by Deputy Prime Minister and Minister for Sport & Recreation, Hon Grant Robertson and Chief Executive of Sport New Zealand, Raelene Castle ONZM (Ngāpuhi)
– Panel discussion featuring Duane Kale ONZM, Vice President of the International Paralympic Committee; BMX Olympic silver medallist and IOC Member for New Zealand, Sarah Walker; International Rally Driver, Emma Gilmour; and former WNBA Basketballer, Megan Compain.
– Over 30 “Captains” (table hosts) announced, including female athletes, coaches, leaders and male allies supporting gender equity. “Captains” already attending include Olympic weightlifter Megan Gifford (née Signal); NZOC CEO, Kereyn Smith; Cricket NZ CEO, David White; Netball NZ CEO, Jenny Wyllie; Sport New Zealand Board Member Beatrice Faumuina.
===
22 April 2021: Prime Minister, Rt Hon Jacinda Ardern, Deputy Prime Minister and Minister for Sport & Recreation, Hon Grant Robertson and Chief Executive of Sport New Zealand, Raelene Castle ONZM (Ngāpuhi) will headline the annual Captains Lunch at Eden Park on Friday 7 May 2021, being staged in partnership between Women in Sport Aotearoa and Trans – Tasman Business Circle.
This year marks a special milestone – exactly ‘1 year to go’ until Aotearoa New Zealand will host the 8th IWG World Conference on Women & Sport. The event is the largest worldwide gathering of experts in gender equality in sport and physical activity, with 1,200 participants expected. For the first time in its history, it will be staged as a hybrid with a physical event in Auckland and a live event online.
As partners, Women in Sport Aotearoa (WISPA) and Trans-Tasman Business Circle (TTBC) firmly believe that the Captains Lunch is an important dialogue, celebrating women with the focus on bringing sport and business communities together in one room to meet and connect in person. With COVID-19 playing havoc with sport and disproportionately affecting women’s sport globally, it’s also a place where up to 400 leaders will celebrate Aotearoa New Zealand’s ongoing leadership during the pandemic and its role as host to three upcoming women’s World Cups in cricket, rugby and football.
Uniquely, tables will be hosted by an array of Captains from across sport and recreation in Aotearoa New Zealand, including a mix of female athletes, coaches, leaders and male allies for positive change, including Beatrice Faumuina ONZM, Kereyn Smith MNZM, Fiona Allan ONZM, David White, Jennie Wyllie, Dr. Johanna Wood, Megan Gifford (née Signal), Michelle Hooper, Andrea Nelson and Nick Sautner. In its third year, it is one of the biggest on the sport business calendar, and seats are limited.
Rachel Froggatt, CEO of Women in Sport Aotearoa, said: “We are thrilled to have the Prime Minister join us for the Captains Lunch in 2021. She is an outstanding leadership role model for women and girls across Aotearoa New Zealand. She has demonstrated resilience and courage throughout the pandemic, and to have her feature as our keynote speaker is something we can all look forward to.
“The presence of the Prime Minister is sure to help us spread the invitation to join us far and wide around the world, as we mark exactly ‘1 year to go’ to the IWG World Conference on Women & Sport.”
Taking place every four years, the IWG World Conference on Women & Sport is being designed and staged by Women in Sport Aotearoa, currently global delivery agent for the International Working Group (IWG) on Women & Sport Secretariat and Conference 2018 – 2022. Established in 1994, IWG is the world’s largest network dedicated to empowering women and girls and advancing sport. The strategic and administrative function moves quadrennially. It came to Aotearoa New Zealand in 2018.
Deputy Prime Minister and Minister for Sport & Recreation, the Hon Grant Robertson, will also address the leaders gathered. The Minister is an avid sports fan and champion for ‘women in sport’. At the beginning of his tenure, he immediately stated that positive change for women and girls in sport and active recreation in Aotearoa New Zealand was his number one priority. Since then he has driven and supported change across the sector, launching the ‘Women & Girls in Sport & Active Recreation’ strategy, which includes a $10 million investment over 3 years, and holding the system accountable. CEO of Sport New Zealand, Raelene Castle ONZM, will also make remarks during the event.
“Captains” already announced include:
– Raelene Castle ONZM, Chief Executive, Sport New Zealand
– Beatrice Faumuina ONZM OLY, Board Member, Sport New Zealand
– Duane Kale, Vice President, International Olympic Committee (IPC)
– Sarah Walker, BMX Olympic silver medallist and IOC Member for New Zealand
– Emma Gilmour, International Rally Driver
– Megan Compain, Former WNBA Basketballer
– Megan Gifford (née Signal), Olympic Weightlifter
– Sarah Gibbs, Former Football Fern and Board Member, NZ Football
– Kereyn Smith MNZM, Chief Executive & Secretary General, New Zealand Olympic Committee (NZOC)
–  Fiona Allan ONZM, Chief Executive, Paralympics NZ
– Andrea Nelson, Chief Executive, 2022 ICC Women’s Cricket World Cup
– Michelle Hooper, Tournament Director, Women’s Rugby World Cup 2022
– Jane Patterson MNZM, Chief Operating Officer, NZ Football
– Claire Beard, Chief Executive, Triathlon New Zealand
– David White, Chief Executive, New Zealand Cricket (NZC)
– Lara Collins, Chief Executive, Waka Ama NZ
– Jennie Wyllie, Chief Executive, Netball New Zealand
– Dr. Johanna Wood, President, New Zealand Football (NZF)
– Nick Sautner, Chief Executive, Eden Park
– Simon Kent, Coach, Olympic Weightlifting NZ
– Jody Cameron, Assistant Coach, Tall Ferns
– Shelley McMeeken, Chief Executive, Halberg Foundation
– Anthony Crummy, Chief Executive, Hockey New Zealand
– Jennah Wootten, General Manager Partnerships & Communication, Sport NZ and incoming Chief Executive, Aktive – Auckland Sport & Recreation
– Lynette Grace, Deputy Chef de Mission for NZ Paralympic Team at Tokyo 2020

Sport – Preview | Rd 1 Crown Lift Trucks Fox Championship QualifiersApril 22, 2021

Source: Auckland Rugby League

 

The journey towards qualifying for the 2021 second tier competition proper kicks off this Saturday, with eight teams beginning their Crown Lift Trucks Fox Championship Qualifiers campaign. 

 

The top four clubs at the conclusion of the eight-week Qualifiers will contest the Championship competition, alongside the four lowest placed clubs from the first division Qualifiers. 

 

Round 1 will see Manukau, who were the competition’s frontrunners last year prior to the season being cancelled due to the COVID-19 pandemic, take on Otara, while Papatoetoe and Manurewa play in the other south Auckland derby. 

 

Pakuranga host Hibiscus Coast at Ti Rakau Park, while the newly-formed Eastern United – a merger between Mt Wellington and Ellerslie – take on Waitemata.

 

Northern Brothers sit out Round 1 with the bye. 

 

Rd 1 (April 24) Crown Lift Trucks Fox Championship game details:

Click here to view team lists (click on the club's name)

Papatoetoe v Manurewa | 2.30pm at Kohuora Park

Pakuranga v Hibiscus Coast | 2.30pm at Ti Rakau Park

Eastern United v Waitemata | 2.30pm at Ellerslie Domain

Manukau v Otara | 2.30pm at Moyle Park

Northern Brothers BYE 

Sport – Preview: Rd 3 SAS Fox Memorial Premiership QualifiersApril 22, 2021

Source: Auckland Rugby League

The Roope Rooster challenge trophy goes on the line for the first time in 2021 this Saturday, with holders Mt Albert hosting Glenora at Fowlds Park. 

 

The Bears have started the year with back-to-back wins over Te Atatu and Marist, while Mt Albert have one competition point from a 34-all draw with Bay Roskill last week. 

 

Bay Roskill meanwhile will feature in the week three livestreamed match, taking on a Papakura side who are hunting their first win of the year (click here to watch).

 

Northcote and Te Atatu, both without a win through the opening fortnight, face off on the North Shore, while undefeated Howick play Richmond at Paparoa Park, Otahuhu host Marist and Pt Chevalier come up against Mangere East in the remaining Rd 3 games. 

 

Rd 3 (April 24) SAS Fox Memorial Premiership Qualifiers game details:

Click here to view team lists (click on the club's name)

Papakura v Bay Roskill | 2.30pm at Prince Edward Park – WATCH HERE

Mt Albert v Glenora | 2.30pm at Fowlds Park 

Howick v Richmond | 2.30pm at Paparoa Park

Otahuhu v Marist | 2.30pm at Bert Henham Park

Northcote v Te Atatu | 2.30pm at Birkenhead Domain 

Pt Chevalier v Mangere East | 2.30pm at Walker Park

Economy – New Deposit Takers Act a step closer

Source: The Treasury
A Cabinet decision to adopt the final measures resulting from the Reserve Bank Act Review will see drafting commence for new legislation to be known as the Deposit Takers Act.
The measures announced by Minister of Finance Hon Grant Robertson will promote financial stability and protect deposits held in both bank and non-bank institutions. They conclude a comprehensive review of the Reserve Bank of New Zealand Act, and build on reforms already confirmed to update the objectives and decision-making processes of the Reserve Bank.
The new Deposit Takers Act will create a single regulatory regime for all bank and non-bank deposit takers (such as building societies and finance companies). It will also introduce a new deposit insurance scheme that will protect up to $100,000 per depositor, per institution in the event of a failure.
Reserve Bank Governor Adrian Orr said reaching this stage was a significant milestone in strengthening the regulatory framework for all institutions that take deposits, as well as introducing the new deposit insurance scheme.
“The Reserve Bank is responsible for regulating deposit takers to help ensure their safety and soundness, in line with our mandate to promote the prosperity and wellbeing of New Zealanders. This new Act will broaden and clarify the scope of our role, which has evolved significantly since the Reserve Bank began prudentially regulating banks more than 30 years ago. It also modernises our regulatory processes and instruments.
“The reforms also provide important new enforcement tools which will help us to manage emerging issues, and an enhanced crisis management framework to effectively respond to any failures and minimise the impact on the financial system, the economy, and society.
“I would like to take this opportunity to thank everyone who made submissions during consultation, and who have supported us to get to the stage where we can start drafting this important legislation.”
Secretary to the Treasury Dr Caralee McLiesh said the Reserve Bank Act review was a highly successful collaboration.
“I’m immensely proud of how the review team drove this complex work programme forward, particularly last year during the pandemic response when we were undertaking public consultation on the new framework for deposit takers and finalising changes to the Reserve Bank’s objectives and decision-making processes through the Reserve Bank of New Zealand Bill.
“The enduring relationships and collaborative processes we have developed provide a very strong basis for working together closely in the future on macroeconomic and financial policy.
“The Reserve Bank's prudential regulation of deposit takers is critical to promoting prosperity and wellbeing. Financial stability helps protect New Zealander's savings, reduces the risks of unemployment, and enables confident participation in the financial system. The Bank will continue to independently set prudential policy, subject to strengthened accountability and transparency requirements and a requirement for it to have regard to the government’s Financial Policy Remit.”
Suzanne Snively has chaired the Independent Advisory Panel for the review of the Reserve Bank since it began in 2017. She acknowledged the hard work and focus of the Review Team.
“The team took into consideration the external advice from the panel and in this way, it was possible to collect evidence to test many options.”
The Reserve Bank will lead the implementation of the new Deposit Takers Act. Deposit insurance is being prioritised ahead of the rest of the Act coming into effect and is expected to be up and running in 2023. The next opportunity for further public input will be an exposure draft of the Act later this year.
More information: