Monthly Archives March 2015

New Zealand Exports Drop

March 26, 2015 New Zealand Finance

The tumbling price of dairy products has reduced the total value of New Zealand exports over the month of February.

Exports coming out of New Zealand fell to a level of NZD 3.9 billion in the month of February, down by approximately NZD 608 million compared to the same period in 2014, according to information in a new statement issued by Statistics New Zealand.

The fall was led by significant drops in the export of milk powder, butter and cheese, which fell by 41 percent compared to the previous year, a level NZD 647 million lower than in 2014.

The drop has been attributed to a 10 percent decrease in the volume of food exported, and a significant drop in the price received for the exports.

Offsetting the poor performance of the dairy exports, the value and quantity of meat exported rose ...

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Student Loan Repayments are Due

March 16, 2015 New Zealand Taxation

Student loan borrowers living overseas have weeks to make one of their two bi-annual payments.

Late last week the Inland Revenue Department issued a statement reminding overseas-based student loan borrowers that their bi-annual payment obligations are due at the end of the months.
In the statement the IRD noted that with the recent changes to the legislation regarding repayment thresholds it is now very important for borrowers to know the amount that they are required to pay each year.

It was also noted that if the payment requirements could be undue burden, the IRD is willing to arrange for special payment plans, and, in addition, offers several fee-free payment options through cooperating remittance firms.

It is estimated that there are approximately 720 000 borrowers, and 15 percent ...

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Number of Building Consents on the Rise

March 3, 2015 New Zealand Finance

The number of consents being issued in Ne Zealand is increasing since last year, and a significant portion of the growth can be attributed to a rising number of apartments.

Late last week Statistics New Zealand issued a new statement showing that the number of building consents issued in New Zealand in January 2015 has risen compared to the level seen over the same months in 2014.

Over the course of January a total of 1 703 new dwellings were consented, equivalent to an increase of 3.6 percent.

However, it was also noted that out of all the newly consented dwellings, 314 were for apartments, and if these consents are factored out, the number of consents issued in January would actually have fallen by 6.8 percent.

According to Statistics New Zealand, the building works consented in January...

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