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  • High Court ruling on Barnaby Joyce citizenship sinks Australia’s ASX

    27 October 2017 4:21 AM 79

    The Australian sharemarket has sunk on the High Court’s decision to disqualify Nationals leader and Deputy Prime Minister Barnaby Joyce from sitting in Parliament because of his dual New Zealand citizenship — a verdict that threatens the parliamentary majority of the Turnbull Government. After starting the day in positive territory, the benchmark S&P/ASX

  • Breaking: Joyce out, Canavan in, Roberts out – What High Court ruling means for climate, renewables

    27 October 2017 3:42 AM 81

    Australia’s deputy prime minister and leader of the National Party, Barnaby Joyce, is headed for a by-election, after the High Court ruled him ineligible to hold his seat due to his dual Australia-New Zealand citizenship. The ruling – which has also disqualified fellow “citizenship seven” members, Nationals Deputy Fiona Nash, Greens Senator Scottt Ludlam

  • Transport Minister Phil Twyford's Predicament

    26 October 2017 11:02 PM 91

    New Transport Minister Phil Twyford will be facing different pressures and juggling new priorities within weeks of starting his new job. Not only is there a sharp revision to overall policy, but there is also pressure to sort out some current infrastructures failures sooner rather than later. While less emphasis will be on new motorways and more on rail and public

  • New government promises EQC inquiry

    26 October 2017 7:11 AM 73

    A Royal Commission of Inquiry into EQC is being welcomed by those still battling claims in Christchurch. Minister Responsible for the Earthquake Commission Megan Woods, has confirmed the inquiry will go ahead. "I think we've waited far too long to have an independent inquiry into EQC," she said. It's music to the ears of EQC Fix spokesperson Cam Preston

  • Phil Goff backs fuel tax but Aucklanders divided

    26 October 2017 3:08 AM 79

    Auckland's Mayor thinks the city's residents will be on board with the proposal to introduce a regional fuel tax to fund transport infrastructure. The Government says they will change the law to allow it, if the Council asks. The tax is likely to be 10 cents a litre and is expected to raise $1.5 billion over 10 years to help pay for projects such as light

  • Goff backs Auckland fuel tax

    26 October 2017 1:57 AM 82

    Auckland Mayor Phil Goff has backed the Labour government's plan to introduce a regional fuel tax in Auckland within the next couple of months. Auckland Mayor Phil Goff has welcomed the government's announcement to bring in a fuel tax after he advocated for it throughout his mayoral campaign. "Auckland has to pay its share of desperately needed transport

  • AIA 2017 annual meeting shareholder poll results

    26 October 2017 1:41 AM 71

    The annual meeting of shareholders of Auckland International Airport Limited was held this morning at the Vodafone Events Centre in Manukau, Auckland. The five resolutions proposed by the company were passed by shareholders. The three resolutions proposed by a shareholder were not passed. Full details of the polls conducted are set out below

  • ComCom reveals each telco's share of the tab for $50m industry tax

    26 October 2017 12:34 AM 87

    The Commerce Commission has revealed its draft decision for the 2016/2017 Telecommunications Development Levy (see table below). The $50 million a year industry tax, used to help pay for the Rural Broadband Initiative (RBI), was supposed to be scaled back to $10 million for the current financial year. However, the outgoing National government extended

  • Kiwi falls to 18-month low on TWI basis as government policy in focus

    25 October 2017 7:24 PM 82

    The New Zealand dollar fell, reaching an 18-month low on a trade-weighted basis, as traders keep watch on emerging details of the new coalition government's fiscal policies. The kiwi dropped to 68.68 US cents as at 8am in Wellington from 68.88 cents late yesterday. The trade-weighted index fell to 72.77, and earlier touched 72.65, the lowest since late May 2016, from 72.98 yesterday

  • Govt can't confirm Auckland fuel tax details

    25 October 2017 7:24 PM 76

    The new government could introduce a regional fuel tax in Auckland, but the details still need to be sorted out. The Labour-led government has agreed to allow Auckland Council to introduce a tax to raise about $150 million a year in revenue. That could fund a range of projects, including light rail between the airport, CBD and west Auckland. But incoming