A private sector group has been formed to advise the New Zealand Government on the requirements associated with the creation of an international funds service industry in New Zealand. In a media statement on April 6th Gerry Brownlee, New Zealand Minister of Economic Development, announced the formation of the International Fund Services Development Group (IFSDG), a Government endorsed private-sector body charged with advising the Government on the establishment of a international funds service industry and turning New Zealand into a attractive funds ... Read More

New Zealand’s fourth NZ Trade and Enterprise (NZTE) office has been opened in Shenzhen, China. Tim Goser, New Zealand Trade Minister, announced on March 31st that New Zealand’s line of NZTE offices has expanded to four in China, in an effort to provide New Zealand businesses with greater access to the economy of the area. In a press release, the Minister stated that the new office demonstrates the New Zealand Government’s commitment to fostering a closer and more collaborative economic relationship with the ... Read More

The Double Taxation Agreement (DTA) between Australia and New Zealand has come into force and will be applied with the new financial year, having been passed into legislature by both Governments. After much public anticipation the New Zealand Government released a media statement on March 22nd announcing that New Zealand and Australia have given legal effect to the DTA and passed legal notes which to that effect, allowing the agreement to come into effect soon. The newly established withholding rates will apply ... Read More