Overseas investor cops $540k fine for avoiding due process
A foreign investor who purchased a property without Overseas Investment Office approval has been fined $540,000, representing the capital gain on the sale of the Auckland property.The fine relates to a property deal in Karaka, Auckland by the shareholders of the Chor Trust, which...
Govt to fund Ruakura inland port road
The government will put up $16.8 million to help fund roads linking the Ruakura inland port in Hamilton to the northbound expressway. Waikato Tainui’s commercial arm, Tainui Group Holdings, will chip in another $16.8 million and Hamilton City Council $5 million to collectively fu...
Warning from Air NZ: the middle seat is back!
Beware, air travellers. With the return to more or less normal life at alert level 1, the dreaded middle seat is back on aircraft.For the brave few who travelled during earlier alert levels on main domestic routes, there was one consolation: social distancing rules meant Air NZ c...
NZME chair ups holding pre-AGM
NZME chairman Peter Cullinane bought 200,000 shares in the Auckland-based news publisher ahead of this Thursday’s annual meeting, at which he will staring down three shareholder resolutions seeking a break-up of its assets, an acknowledgement of the importance of dividends and sh...
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