- Parliament is considering legislation that would allow the Inland Revenue Department to collect contact details, bank account numbers and transactions of Americans living in New Zealand to pass on to tax authorities in the US. New Zealand Bankers Association chief executive Kirk Hope said if the information is not supplied, the Americans would impose hefty penalties... Read more »
- “People should have a good look at their circumstances and talk to their bank so they can be properly prepared for interest rate hikes,” says Bankers’ Association spokesperson Kirk Hope.
- Now is a good time to prepare for rising mortgage interest rates said the New Zealand Bankers’ Association in response to the Reserve Bank of New Zealand’s Official Cash Rate statement today. While the OCR has been left unchanged at 2.5%, the Reserve Bank has recently projected the cash rate could rise by 2.25% over... Read more »
- While comparisons between different countries aren’t always simple, it’s fair to say our particular crop of banks serve us well in terms of customer service, innovation and good business practice. “One’s destination is not a place, but a new way of seeing things,” said Henry Miller. There’s nothing new about the idea that travel brings... Read more »
- “We’ve said all along that supply has always been the issue in parts of the housing market, not the availability of cheap credit,” said New Zealand Banker’s Association chief executive Kirk Hope.
- The New Zealand Bankers’ Association has today welcomed the Reserve Bank’s move to exempt new residential construction loans from the loan-to-value (LVR) restrictions it introduced on 1 October. “We’ve said all along that supply has always been the issue in parts of the housing market, not the availability of cheap credit,” said New Zealand Banker’s... Read more »
- As the festive season approaches the New Zealand Bankers’ Association has reminded people how to avoid fraud and scams over the holidays. “Don’t let fraudsters spoil this special time of the year. Whether we’re shopping or away on holiday, it pays to take care,” said New Zealand Bankers’ Association chief executive Kirk Hope. If you’re... Read more »
- The third reading of the Reserve Bank of New Zealand (Covered Bonds) Amendment Bill today has been welcomed by the New Zealand Bankers’ Association. The Bill establishes a legislative framework for issuing covered bonds and enhances the Reserve Bank’s supervision of covered bond programmes. “The new law brings us into line with other jurisdictions. This... Read more »
- The New Zealand Bankers’ Association has welcomed an independent tool to help people find a KiwiSaver fund that suits them best. KiwiSaver fund finder was launched today by the Commission for Financial Literacy and Retirement Income and is available on the Commission’s Sorted website. The interactive online tool, which has also been designed for mobile... Read more »
