Article – BusinessDesk

Red tape and levies cut in first phase of major Building Act overhaul
The government plans to cut red tape for prefabricated building processes, introduce minimal building product standards and reduce building levies by 13 percent as part of a major overhaul of building law. Read more »

Article – BusinessDesk

More dairy needed to achieve sustainable global diet – Fonterra

Global dairy output will have to increase – not fall – if the dietary targets of an international study on sustainable food production are to be achieved, Fonterra says. Read more »

Article – BusinessDesk

ASB sells Aegis investment administrator to MMC
ASB Bank says it has sold its investment administration and custody business Aegis to MMC, a specialist outsourcing and investment administration business based in Auckland, for an undisclosed sum. Read more »

Article – BusinessDesk

Company directors are not as aware of climate change challenges as they should be and risk leaving their firms insufficient time to respond, says Karen Silk, deputy chair of the Sustainable Business Council. Read more »

Article – BusinessDesk

Risk frameworks need ‘fundamental rethink’ to cope with climate change

New Zealand’s risk and resilience frameworks need a “fundamental rethink” if communities are going to adapt to the greater potential risks arising from climate change, Local Government New Zealand says. Read more »

Article – BusinessDesk

Methane reduction targets proposed as part of the country’s climate change response should be determined by the Climate Commission, even if that results in higher thresholds than those proposed now, National Party climate change spokesman Scott Simpson says. Read more »

Article – BusinessDesk

NZ to go Dutch to battle climate change

Dutch and Kiwi farmers must innovate together, the Prime Minister of the Netherlands Mark Rutte said, announcing a joint cooperation statement on climate change with New Zealand today. Read more »

Article – BusinessDesk

Corporate New Zealand is increasingly engaged on the real challenges of climate change but the nation’s efforts will need to be much broader based to be effective, the new head of the Climate Change Commission says. Read more »

Press Release – BusinessDesk

Former Reserve Bank chair Rod Carr has been appointed chair-designate of the independent Climate Change Commission. Read more »

Article – BusinessDesk

Summerset Group’s third-quarter sales were up 11.5 percent from a year earlier as resales lifted and new sales remained firm. Read more »

Article – BusinessDesk

CORRECT: Fletcher sued for $7.5m over Christchurch justice precinct

(Removes incorrect project losses in 2nd paragraph)

Fletcher Building is being sued for $7.5 million by utilities contractor Electrix, one of the subcontractors on the Christchurch Justice and Emergency Services Precinct. Read more »

Article – BusinessDesk

Fletcher Building is being sued for $7.5 million by utilities contractor Electrix, one of the subcontractors on the Christchurch Justice and Emergency Services Precinct. Read more »

Article – BusinessDesk

Study group favours Auckland port shift to Northland

Relocating freight operations from Ports of Auckland to Northport over time would improve the efficiency of the upper North Island’s freight system, while also maintaining competition, an independent review panel says. Read more »

Article – BusinessDesk

Spring was marked by a lift in new listings in the Auckland residential real estate market and September sales were the highest for that month in three years, according to the city’s largest realtor, Barfoot & Thompson. Read more »

Article – BusinessDesk

StretchSense sold to mystery Kiwi owners

By Victoria Young

Oct. 1 (BusinessDesk) – Futuristic textile company StretchSense has been sold to a new Kiwi owner, the firm’s administrators say. Read more »

Article – BusinessDesk

By Victoria Young

Sept. 30 (BusinessDesk) – The complexities of administering class actions are coming to the fore in the Feltex litigation, as its lead plaintiff goes uninsured and security for costs remains unpaid. Read more »

Article – BusinessDesk

UPDATE: Mercury NZ forced to use satellite pix for gas market clues
(adds comment from OMV at sixth par)

By Pattrick Smellie Read more »

Article – BusinessDesk

By Victoria Young

Sept. 27 (BusinessDesk) – Future Mobility Solutions director Mark Broadley criticised the NZX in defence of his company’s move to an unregulated exchange. Read more »

Article – BusinessDesk

By Jenny Ruth

Sept. 27 (BusinessDesk) – Auckland Council-owned Watercare has signed a $2.4 billion contract with Fulton Hogan and Fletcher Building’s construction arm to provide water and wastewater infrastructure in Auckland for the next 10 years. Read more »

Article – BusinessDesk

By Pattrick Smellie

Sept. 27 (BusinessDesk) – An “unacceptable disclosure regime from gas suppliers” forced electricity generator and retailer Mercury NZ to use satellite photographs to work out what might be happening in the local natural gas market, according to chief executive Fraser Whineray. Read more »