Orders in Council have been made by Cabinet affecting different aspects of the student loan scheme, Revenue Minister Peter Dunne announced today. The Orders: increase the student loan repayment percentage
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Student loan repayment hikes to kick in next year
The repayment rate for borrowers with student loans will increase next year from 10 cents to 12 cents for every dollar of income over $19,084, as the Government tries
MP confident about ‘Monday-ise’ bill
Dunedin North MP David Clark remains confident his bill to Monday-ise Waitangi and Anzac Days should they fall at a weekend will pass its first vote tomorrow. Recent reports had written
Unused leave a hefty burden for businesses
Stashes of accrued leave are causing major headaches for employers – and many are using the holiday season to get rid of some of it. Workers who do not
Make Kiwisaver compulsory: CEOs
A big majority of chief executives want KiwiSaver made compulsory. Seventy-seven per cent of respondents to the Herald’s CEO survey are in favour of compulsion, which is a key Labour
KiwiSaver best performers revealed: conservative, defaults
Default and conservative KiwiSaver funds with low exposure to shares and property have been the best performers for the quarter ended September 30, and the past year, according to Mercer’s
Firms face back-pay nightmare
Staff who receive part of their pay in bonuses could find they’ve been short-changed on holiday pay due to employer confusion over changes to the Holidays Act. Global recruitment firm
National’s youth wage plan
Prime Minister John Key has told employers that new National policies including lower wages for many teenagers and a weakening of the influence of unions would provide more jobs and
Labour promises ‘tough decisions’
Labour leader Phil Goff has officially launched his party’s election campaign by confirming he would take the \”tough\” decisions to make KiwiSaver compulsory and raise the age of eligibility for
Warning over cost of KiwiSaver plan
KiwiSaver auto-enrolment could be costly and time-consuming for default providers of the savings scheme and frustrating for workers, says the chairman of a superannuation industry body. Finance Minister Bill English
National plans ‘bit of a shove’ to get workers into KiwiSaver
National is planning to give employees not already in KiwiSaver \”a bit of a shove\” by automatically enrolling them in the scheme but Labour says the move is timid and
Labour vows to repeal Hobbit law
A Labour-led government would change the law around film workers, even if it meant losing the The Hobbit films overseas, as part of a major policy release around employment relations.
Labour Party launches work and wages policy
The Labour Party wants minimum pay and work conditions to apply across certain sectors in order to scratch out anomalies, such as workers being paid different rates for the same
KiwiSaver auto-enrolment go-ahead
Any working age New Zealanders not already in KiwiSaver will be automatically enrolled in the scheme in a bid to improve the country’s savings – but not until the 2014/2015
Extent of IRD search powers ‘scary’
Tax firm Deloitte is reminding the public of the Inland Revenue’s \”scary\” search powers after a decision in the High Court. Deloitte said a ruling after the Inland Revenue seized
Demand for women’s pay data
The Labour Party wants to make employers release details about pay levels of women staff compared to men under its new policy to redress pay inequity. Companies could also be
ACC levy cuts coming after $3.545b surplus revealed
ACC levies for workers and bosses will be cut from next April, saving the average wage earner about $170 a year, says ACC Minister Nick Smith. Dr Smith also said
$100m deal ends pay ‘struggle’ for all-night disability workers
About 5700 of the country’s lowest-paid workers have won a landmark $100 million deal to pay them the minimum wage for overnight sleepover shifts from Christmas next year. The Service
Minimum wage cut could mean very low wages, says Key
Bowing to the neo-liberal economic theory of cutting the minimum wage rate to what the market can bear would lead to some very low wage rates in New Zealand, Prime
KiwiSaver changes considered
A decision about whether people should be automatically enrolled in KiwiSaver could be made before the election, Prime Minister John Key said today. Under the current scheme, people are automatically