The New Zealand and Australian government have reached a consensus to allow the transfer of superannuation funds belonging to New Zealanders that are held by the Australian government. The Australian government estimates that the currently hold $13 billion AUD in unclaimed superannuation funds, estimates put up to 30% of this as possibly belonging to New Zealanders who no longer reside in Australia. By current regulation there is no way to access these trans-Tasman funds until their owner is 60 years old. The scheme ... Read More

It is expected that next week, the Association of South-East Asian Nations (ASEAN) will hold talks with New Zealand and Australian ambassadors, possibly about a the feasibility of free-trade agreements. It is expected that ASEAN will continue current talks this week in order to finalize a free-trade agreement between ASEAN and India. Pending the results of the discussion, next week could be used for talks with the ASEAN ambassadors of New Zealand and Australia. Predominantly the subject will be ensuring that the ASEAN-India ... Read More

According to information provided by the New Zealand Parliament, the New Zealand and Australian governments are working on mutual recognition of Imputation and Franking Credit. Under the current tax regulations, investors have to pay tax on any dividends earned in New Zealand or Australia. If the proposed recognition were to be adapted, investors and shareholders will be able to choose in which country they pay the tax on their dividends. The issue of double taxation on dividends has been raised for many years, and ... Read More