https://www.rnz.co.nz/assets/news/215412/eight_col_117683484_l.jpg?1574197954 The Reserve Bank has issued formal directions to a local insurance company after repeated non-compliance in disclosing information. (File image). Photo: 123rf Pacific International Insurance offers a range of personal and business insurance solutions, including general liability, professional indemnity, pet insurance and property damage. The central bank, which overseas the conduct of insurers, issued a warning to Pacific in 2018 over its failure to disclose information in its financial statements. Deputy governor Geoff Bascand said the company had a poor history of non-compliance. “Despite these warnings, Pacific International committed further breaches relating to reporting, disclosure and notification requirements.” In January 2020, the Reserve Bank instructed Pacific International to commission an independent report on its systems, regulatory processes, resources and oversight controls. “Based on the findings of this independent report, the directions require Pacific International to strengthen, monitor and continuously improve its compliance systems, controls and processes, and to obtain ...

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https://www.beehive.govt.nz/sites/default/files/2017-11/beehive-red-og_0.png The Government’s books were again better than expected as the economy continued to recover post COVID lockdown, the Finance Minister Grant Robertson says. The Crown Accounts for the four months to the end of October were far more favourable than what was forecast in the Pre-election Economic and Fiscal Update (PREFU). The Operating Balance before Gains and Losses (OBEGAL) deficit at $3.8 billion was $4.8 billion better than the deficit forecast in PREFU. “This was primarily due to higher than forecast tax revenue coming in $2.9 billion above the PREFU forecast. GST revenue was $1.6 billion above forecast because of stronger domestic spending as kiwis show confidence in the economy. “Core Crown expenses were also $1.6 billion below forecast mainly owing to less than expected demand the Wage Subsidy Scheme which had underspend against forecast of $1.4 billion. “Net core crown debt was 31.5% of GDP, this was $3.1 ...

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https://www.elanka.com.au/wp-content/uploads/2020/12/Chandima-Abeykoon.jpg Bloods impress once again-By Nick Creely Chandima Abeykoon on the attack for HSD. Pictures: STEWART CHAMBERS 222646Source:Dandenong   Springvale South has sent a statement to the rest of the competition with a dominant victory against Narre South in the second round of the Dandenong District Cricket Association’s Turf 1 competition on Saturday. Against a fellow flag fancy, the Bloods were simply far too good – clinical with the ball and bat from the outset. The Lions won the toss, electing to bat as it looked to put behind the disappointment of the side’s opening round defeat to Berwick. But once again, the Lions struggled with a steady flow of wickets falling throughout, with left-arm tweakers Akshat Buch (4/21) and Jarryd Straker (3/26) combining for seven wickets as the visitors tumbled out for just 108. It’s been a particularly impressive start to the season for Buch, the ex-Dandenong spinner, with six wickets across ...

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https://www.rnz.co.nz/assets/news_crops/108868/eight_col_105509911_l.jpg?1599471654 As job losses mount and Covid-19 support schemes wind down, budgeting services say there is no let up in the number people seeking help. Photo: 123RF Immediately after the first lockdown in March, there was no real surge in people wanting advice on managing debt or getting by on a lower income. But figures from the Money Talks budgeting helpline show in the months since, more and more people have found themselves in increasingly desperate situations. At the peak, in July, it heard from just over 1900 people – more than double the same month a year earlier. In October the figure was about 1800. Money Talks team coordinator Clare Wilson said they weren’t expecting that demand to drop off any time soon. “And that’s because those subsidies are ending, different businesses, while they thought they could keep people employed are now reducing their hours. “We expect the volume ...

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https://www.rnz.co.nz/assets/news_crops/60534/eight_col_V1074.jpg?1530680094 The Accident Compensation Corporation made a paper loss of $5.9 billion as falling interest rates pushed up the cost of future injury claims. Photo: RNZ / Richard Tindiller The ACC’s just released annual report showed its outstanding claims liability rose $8bn to $61bn, which along with changes in inflation rates contributed $5.7bn to the accounting deficit for the year to 30 June. That was despite a better-than-expected return on its investment portfolio which rose 7.6 percent to $46.7bn. “New Zealanders can be assured the net deficit will not impact our ability to cover injury treatment, rehabilitation and compensation costs today,” ACC chair Dame Paula Rebstock said. She said the loss was a paper loss, and the corporation’s operating surplus was $414m compared with $570m the year before. “History has shown the scheme is sustainable and able to be managed on a medium- to long-term basis and we can respond ...

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https://www.beehive.govt.nz/sites/default/files/2017-11/beehive-red-og_0.png Public sector to be carbon neutral by 2025 Immediate focus on phasing out largest and most active coal boilers Government agencies required to purchase electric vehicles and reduce the size of their car fleet Green standard required for public sector buildings The Government has launched a major new initiative to combat climate change that will require the public sector to achieve carbon neutrality by 2025. The Carbon Neutral Government Programme will require public sector agencies to measure and publicly report on their emissions and to offset any they can’t cut by 2025. The programme is backed by the $200 million State Sector Decarbonisation Fund that will finance the replacement of public sector coal boilers, with the largest and most active the immediate focus, and support the immediate purchase of electric or hybrid vehicles to start replacing the Government’s petrol car fleet. “Requiring the public sector to be carbon neutral ...

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https://www.elanka.com.au/wp-content/uploads/2020/07/eLanka_Australia-SriLanka-e1597242312381.jpg Search eLanka website eLanka Newsletter Signup eLanka Marriage Proposals Donate to eLanka News Best & Less Travel Banner Advertising on eLanka Sri Lankan Events Calendar << Dec 2020 >> M T W T F S S 30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 1 ...

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https://www.rnz.co.nz/assets/news/247111/eight_col_Hipkins-Port-3.jpg?1604027373 A travel bubble with the Cook Islands will not be in place before Christmas. Covid-19 Response Minister Chris Hipkins. Photo: RNZ / Samuel Rillstone New Zealand officials travelled to the Cook Islands last month to investigate a possible travel bubble. Covid-19 Response Minister Chris Hipkins said preliminary advice suggested they were confident with the border restrictions in place. However, he said work still needed to be done on testing and contact tracing. “In the event that someone over there who’s come from New Zealand tested positive, what would they need in terms of testing, what would they need in terms of contact tracing, what support would they need from us, what would our standard operating procedure be?” he said. “If they ended up having to deal with a small outbreak over there, what would their expectations be of New Zealand in terms of repatriating New Zealanders who were on ...

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https://www.rnz.co.nz/assets/news/97619/eight_col_53644027_l.jpg?1485928935 Queenstown businesses are welcoming new changes aimed to help recruitment, but say they are no game-changer. Central Queenstown. Photo: 123rf.com Immigration New Zealand announced 21 tourism and hospitality roles have been added to the undersupply list for Queenstown Lakes in response to the lack of New Zealanders available to fill jobs. The change means it will be easier to hire unemployed migrants to work as waiters, cleaners, chefs, tour guides and other roles by allowing employers to support a work visa application for roles paid below the median wage. Queenstown restaurant owner and chef Darren Lovell recently tried advertising for a full time position on Work and Income, but no one applied. He thought it would be easier to find staff after the waves of redundancies, but discovered the reverse had happened. “A lot of people instantly lost their jobs and I think a lot of the workers who ...

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