Message from Andrew Bayly

Amendments made late last year to the Credit Contracts and Consumer Finance Act (CCCFA) have had a significant impact on the average Kiwi who wants to apply for a credit card, obtain finance or get a mortgage – and the announcement of minor tweaks made in March by the Commerce Minister won’t lead to any real change. In 2019, Parliament voted to amend the CCCFA with the goal of…

The RBNZ is set to lift the cash rate, again, by 50bps on Wednesday. The assertive move will see the cash rate hit a neutral setting of 2%. But there will be more rate hikes to come. The focus is on the RBNZ’s forecasts. We expect to see the OCR track pulled forward and shunted higher. We’re interested in the RBNZ’s thoughts around unemployment and inflation into 2023 and beyond.

The Incorporated Societies Bill had its third reading in Parliament on 31 March and received royal assent on 5 April, thus passing into law. The new act replaces the old law which has stood since 1908, and sets out a new modern framework for incorporated societies and those who run them. However, some of the new changes could have very negative effects. There are around 24,000…

For only the second time since Rotary has been associated with Hospice Golf, the annual Golf game had to be postponed from the scheduled date, and this time it was due to the weather. Sunday the 13th of February was a shocking day; high winds which made the Pukekohe Golf Course too dangerous to play. And so finally the event was held on Friday March 4th. Originally set down for…

Honour the Maunga says it is “over the moon” at yesterday’s judicial decision, which has put a halt to Tūpuna Maunga Authority’s plans to rid Auckland’s volcanic cones (maunga) of exotic trees without first consulting the public. In all, the ratepayer funded co-governance body plans to rid the city’s maunga of around 2500 non-native trees, so this decision has implications for…