Dene Mackenzie

IRD 'alert' leaves questions unanswered

IRD 'alert' leaves questions unanswered

The Inland Revenue Department has issued its interpretation of a recent Court of Appeal taxation decision which tax practitioners yesterday said left many questions unanswered.

Password changes answer to Hotmail hoaxers

Mack-line received a phone call last week from a long-time friend who had a tale of woe regarding his Hotmail account.

Foodstuffs through recession in better shape

Foodstuffs through recession in better shape

The 15-month recession helped make grocery group Foodstuffs (SI) more resilient and wiser, chairman Robin Brown said yesterday.

Fourth quarter of growth good news

Fourth quarter of growth good news

Good economic news is expected this week with economic activity expected to have shown growth for the fourth consecutive quarter and the current account deficit narrowing in the year to March.

Amendments raise consumer protection fears

Amendments raise consumer protection fears

If recent proposed changes to the financial advisers regime are adopted they are likely to result in consumers being left without the protection anticipated by the legislation designed to protect them. Business editor Dene Mackenzie talks to two men closely involved in interpreting the legislation.

Bank 'deposit war' forecast

Bank 'deposit war' forecast

A "deposit war" looked set to break out among New Zealand's retail banks as they competed for investors with money to place in term deposits, Craigs Investment Partners broker Chris Timms said yesterday.

Confident SBS looking for mergers

Confident SBS looking for mergers

SBS Bank defied economic conditions to yesterday report an improved operating profit for the year ended March.

Positive credit data needs care

Positive credit data needs care

Including positive data on credit reports was a positive move for consumers but only if the data was passed on with the consent of the consumer, New Zealand Credit Finance Institute president David Young said yesterday.

Rise in Vector shares 'overreaction' to tax news

The sharp rise in Vector's share price was an overreaction to tax news put out by the energy distribution and fibre optic network company, Forsyth Barr broker Peter Young said yesterday.

Less confidence seen in recovery

Confidence in the economic recovery seems to be slipping, a survey shows.