Denise McNabb

1 week ago | businessdesk.co.nz | Rebecca Howard |Denise McNabb

More people whose travel plans are derailed by Interislander ferry cancellations will now be eligible for compensation.Interislander, which is owned by the state-owned enterprise KiwiRail, is loosening its approach towards compensating customers affected by mechanical breakdowns to ensure it complies with the law.It is compensating customers affected by a raft of cancellations in early 2023.It’s also opening itself up to considering reimbursing customers affected by other cancellations in the...

1 week ago | businessdesk.co.nz | Denise McNabb |John Anthony

Te Pāti Māori has told the Electoral Commission it has yet to attach an audit report to its 2023 annual accounts because a “delay with the auditing firm continued to be a problem”.That is despite Te Pāti Māori (TPM) having paid the accounting firm BDO $7,950 for doing the audit report, which is listed in the 2023 financial accounts index as being at the end of the report on page 13.

1 week ago | businessdesk.co.nz | Denise McNabb |Pattrick Smellie |Rebecca Howard

The Inland Revenue Department’s blitz on delinquent taxpayers since receiving a $29 million Budget boost to its coffers for tax compliance enforcement has reaped more than $600m in undeclared tax from taxpayers across all sources in the six-month period to December.While the Inland Revenue Department (IRD) can’t name the tardiest of payers, citing client confidentiality, its segment lead for significant enterprises, Tony Morris, revealed last week that half of that extra cash came from fewer...

2 weeks ago | businessdesk.co.nz | Greg Hurrell |Dileepa Fonseka |Denise McNabb

Pacific Channel sees a viable future for New Zealand’s existing agriculture system, as it invests around a third of its funds into the future of food production.Although focused on the long-term, the company prefers to stay out of transformative technologies such as lab-produced food. That comes from a need to generate returns for its investors in a reasonable timeframe.The Auckland-based venture capital firm wants to drive better on-farm productivity and profitability.

3 weeks ago | businessdesk.co.nz | Dileepa Fonseka |Denise McNabb |Victoria Young

When it comes to the role New Zealand’s geography plays in the high prices NZ plays at the supermarket, even the supermarket duopoly disagrees with itself.In its market study, the Commerce Commission noted Foodstuffs South Island had submitted that NZ’s low density and population size affected the returns that could be made on supermarkets, while on the other hand, Foodstuffs North Island and Woolworths had said geography and size did not make a material difference to whether new entrants...