Transport Minister Phil Twyford says he is disappointed the New Zealand Transport
Agency has failed to carry out its regulatory responsibilities to the standard he
expects, but is pleased the Agency’s Board has taken swift action to put things ...
Oct. 16 (BusinessDesk) - Higher-than-expected third-quarter inflation is unlikely
to take rate cuts off the table as it was largely driven by higher petrol prices,
something the Reserve Bank has said it will look through.
Oct. 16 (BusinessDesk) - The Reserve Bank may have to rethink its rate cut option
after higher-than-expected third quarter inflation pushed the annual number to just
below the mid-point of its target range.
Oct. 15 (BusinessDesk) - Self-regulation by vehicle inspection and licencing providers
has failed, says the chair of the New Zealand Transport Agency, Michael Stiassny,
who discovered after his appointment in April that they haven't followed up on evidence ...
The NZ Transport Agency has an extensive review of compliance files underway and
is toughening up its enforcement regime. An increase in the number of suspensions
and other legal action is expected to follow as a result of review findings to date.
The Commerce Commission will today file civil proceedings in the High Court at Auckland
seeking financial penalties against electricity lines company Vector for breaching
its network quality standards.
Following breaches of an electricity network quality standard in 2015 and 2016, Vector
has announced today it is agreeing to a settlement with the Commerce Commission.
A penalty hearing will take place in due course at which the details of the settlement ...