Listed below are our New Zealand press releases, providing an overview of our activities and opinions over the last 12 months. Our most recent press releases can be found at the top of the page.
For Deloitte news from outside of New Zealand, please visit the Global Press Room.
An ageing global population will force governments worldwide to revisit the services they provide to their citizens and rethink how they will continue to fund public services, according to Serving the Ageing Citizen, a new study from Deloitte.
By 2011, the first wave of the Baby Boom generation will reach retirement age, which will mark a new era for governments across the globe. One measure neatly summarises this challenge: in the coming years, the ratio of working-age people (15-65 years) to children (0-14 years) and elderly (65+), the “dependency ratio”, is likely to rise in most developed...
It was confirmed in today’s Budget that the Government is introducing a Research & Development (R&D) Tax Credit regime providing financial incentives to New Zealand businesses undertaking R&D predominantly in New Zealand. Claimants will benefit from a tax credit of 15% of eligible expenditure. Loss making companies may receive the tax credit as a cash payment. The regime will apply to qualifying expenditure from the 2008/09 income year.
This rate compares favourably with those already in existence in other jurisdictions. For example, Australia’s standard rate of benefit is 7.5% and 22.5% for incremental increasing R&D...
Actuarial practice Trowbridge Deloitte today released the first comprehensive study of the New Zealand reverse mortgage sector.
The Trowbridge Deloitte New Zealand Reverse Mortgage study found that the reverse mortgage market at 31 December 2006 consisted of more than 4,500 loans with a total book of almost $227 million.
James Hickey, Trowbridge Deloitte partner who led the study said, “The market has more than doubled in the past 12 months with the sector’s outstanding loan book of $227 million at 31 December 2006 increasing from $89 million at the end of 2005.”
Deloitte Touche Tohmatsu (DTT) has been recognised as the world’s best for securitization accounting by International Securitization Report (ISR), a securitization trade publication based in London, at its 2006 annual awards ceremony. Deloitte was further recognised for having won the award for nine consecutive years since inception.
The annual ISR Global Securitization Awards are recognized internationally as the most important qualitative assessment of excellence within the structured finance community. The awards also recognize the best issuers, arrangers, law firms, rating agencies, trustees, research providers and...
The Government’s commitment to the introduction of an active/passive regime has now come one step closer with the release of a discussion document in relation to International tax rules. An active/passive regime has different tax treatments for overseas investments which are considered active (such as manufacturing or industrial activity) and those that are passive (such as dividends, interest, royalties and rents).
“This is a welcomed policy initiative” Deloitte’s managing tax partner Thomas Pippos said.
“Since the introduction of New Zealand’s International tax rules (referred to as the Controlled Foreign Company (CFC)...
The business assistance service, Escalator, has assisted more than 60 New Zealand businesses raise over $50m for funding business growth.
In its three year history, the Service and its providers have received over 1,100 applications and actively helped over 160 businesses with deal broking assistance.
Escalator Client Service Manager Tim Robertson says the figures show just over a third of the companies who were successful in raising capital came from the ICT sector, with food & beverage, services and niche manufacturing making up the majority of the remainder.
“It means we are addressing a real barrier to SME...
Hong Kong, 12 December 2006 – According to the sixth annual Deloitte Fast 500 Index, the Asia Pacific tech sector is in very robust shape with this year’s fastest-growing 500 technology companies recording an average two-year revenue growth of 399 percent.
The Asia Pacific region’s fastest growing technology companies were profiled...
Greg Muir, the man whose name is synonymous with taking Pumpkin Patch public and then to the world, has been named as New Zealand’s top business executive for 2006.
Muir was last night named the Deloitte/Management magazine Executive of the Year at the annual Top 200 Company Awards, now in their 17th year and regarded by business leaders as the country’s most prestigious business awards.
Muir took the title ahead of fierce competition from Fisher & Paykel Healthcare MD and CEO Michael Daniell and Meridian Energy’s Keith Turner.
Judges said that since listing in 2004, Muir has re-strategised and...
A major franchisor and manufacturer of home ventilation systems Cristal Air International which trades as HRV is the country’s fastest growing enterprise, topping this year’s Deloitte Fast 50 index and experiencing 732 % growth.
The Auckland based winner is a first time entrant and has been built in only a few years from a relatively small operation, to a market leader that installs hundreds of new systems every month.
IT companies continue to dominate the Fast 50 this year with two distinctive brands in the top five, Cohesive Limited placed second and Trade Me the 2004 Fast 50 winner placed fourth....
The research trends from this year’s Deloitte/Unlimited 2006 Fast 50 index (announced on Thursday 19 October) prove that Technology, Manufacturing and Construction sectors continue to boom even though attracting talent to actually do the work, remains the major concern for the country’s 50 fastest growing companies.
Technology companies comprise about a third of this year’s index, with manufacturing continuing to outperform other sectors (a trend established in last year’s index) and any slowdown in construction seems to have been short lived. The research also shows that recruitment companies...
