logo
Auckland Airport faces heightened regulatory risk

Auckland Airport faces heightened regulatory risk

Auckland Airport is facing more regulatory risk, according to Forsyth Barr, as the Government seeks submissions on competition settings at regulated airports through its review of the Commerce Act.
The regulatory questions arise as the NZX and ASX-listed company has recently had to fend off

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Regional Event Promotion Fund Announcement
Regional Event Promotion Fund Announcement

Scoop

time4 hours ago

  • Scoop

Regional Event Promotion Fund Announcement

Press Release – Destination Hauraki Coromandel The Regional Events Promotion Fund has now supported 284 events across the motu, helping boost visitation and supporting local economies through tourism-driven initiatives. Three regional events in Hauraki Coromandel have secured funding through the Government's Regional Events Promotion Fund (REPF), aimed at increasing domestic tourism and supporting regional economies. The successful recipients are: 2026 New Zealand Women's Surfing Festival – $5,500 Whangamatā Half Marathon – $6,000 Wings and Wheels – $5,000 The REPF is available to Regional Tourism Organisations and is designed to support local events that attract domestic visitors, with a focus on driving visitation during the shoulder and off-peak seasons. A total of $5 million has been made available over two years via the International Visitor Conservation and Tourism Levy, with the aim of dispersing tourism benefits across the country. Tourism and Hospitality Minister Louise Upston says, 'Investing in these events has a direct impact, with visitors spending money in local cafés, businesses and accommodation providers, driving economic activity in our growing regional tourism, our remote and rural communities can benefit from the economic opportunities it brings.' Megan Nunn, Marketing Manager of Destination Hauraki Coromandel, says the funding support will make a tangible difference for local event organisers. 'We're really pleased to have received support through the Regional Events Promotion Fund. It's encouraging to see investment in events that reflect the character of our region and draw visitors beyond the peak period. These kinds of events help showcase the depth of experiences on offer across Hauraki Coromandel throughout the year.' The Regional Events Promotion Fund has now supported 284 events across the motu, helping boost visitation and supporting local economies through tourism-driven initiatives.

Regional Event Promotion Fund Announcement
Regional Event Promotion Fund Announcement

Scoop

time8 hours ago

  • Scoop

Regional Event Promotion Fund Announcement

Three regional events in Hauraki Coromandel have secured funding through the Government's Regional Events Promotion Fund (REPF), aimed at increasing domestic tourism and supporting regional economies. The successful recipients are: 2026 New Zealand Women's Surfing Festival – $5,500 Whangamatā Half Marathon – $6,000 Wings and Wheels – $5,000 The REPF is available to Regional Tourism Organisations and is designed to support local events that attract domestic visitors, with a focus on driving visitation during the shoulder and off-peak seasons. A total of $5 million has been made available over two years via the International Visitor Conservation and Tourism Levy, with the aim of dispersing tourism benefits across the country. Tourism and Hospitality Minister Louise Upston says, 'Investing in these events has a direct impact, with visitors spending money in local cafés, businesses and accommodation providers, driving economic activity in our growing regional tourism, our remote and rural communities can benefit from the economic opportunities it brings.' Megan Nunn, Marketing Manager of Destination Hauraki Coromandel, says the funding support will make a tangible difference for local event organisers. 'We're really pleased to have received support through the Regional Events Promotion Fund. It's encouraging to see investment in events that reflect the character of our region and draw visitors beyond the peak period. These kinds of events help showcase the depth of experiences on offer across Hauraki Coromandel throughout the year.' The Regional Events Promotion Fund has now supported 284 events across the motu, helping boost visitation and supporting local economies through tourism-driven initiatives.

Past Policy Choices Coming Home To Roost
Past Policy Choices Coming Home To Roost

Scoop

time9 hours ago

  • Scoop

Past Policy Choices Coming Home To Roost

Press Release – Energy Resources Aotearoa There has been a 27 per cent year-on-year reduction in natural gas reserves, dropping to 948 petajoules from 1,300 in 2024, which was 20 per cent down on the previous year. Production is now forecast below 100 PJ by 2026, rather than 2029, as previously … For yet another year, the Ministry of Business Innovation and Employment (MBIE) data published today shows that estimates for New Zealand's gas reserves are rapidly declining. There has been a 27 per cent year-on-year reduction in natural gas reserves, dropping to 948 petajoules from 1,300 in 2024, which was 20 per cent down on the previous year. Production is now forecast below 100 PJ by 2026, rather than 2029, as previously forecast. Energy Resources Aotearoa Chief Executive John Carnegie says the $200 million Crown co-investment in new domestic gas projects, the removal of the 2018 exploration ban, and changes proposed through the Crown Minerals Amendment Bill are all great signs that the Government is working hard to turn the corner on the deindustrialisation of the New Zealand economy. 'We acknowledge the Government is moving to support the strong potential of our domestic gas supply. But only time will tell if this will be enough.' Carnegie says the ongoing challenges with gas supply underscore the urgent need for proactive measures to secure energy stability and support New Zealand's economic resilience. 'We know there are still prospective fields out there – now we need to see the right conditions continue so that we can unlock the supply. Kiwi businesses are doing it tough as gas supply becomes further constrained. We desperately need more natural gas in the market to ensure electricity is available to keep the lights on and our export economy thriving.' Currently, we're witnessing the consequences of a shrinking domestic gas supply: higher prices, the use of imported coal, and uncertainty for industrial users, Carnegie says. 'Natural gas plays a critical role in supporting renewables, powering industry, and keeping energy affordable and reliable. Gas production projects underpin everything from electricity to industrial manufacturing. If we don't continue to work hard on securing more domestic gas for New Zealand, we risk higher prices, more imported coal use, and further instability.' If New Zealand can get this right, the benefits are enormous: jobs, royalties, export earnings, and the confidence of regional businesses to expand, knowing they have secure and affordable energy for the future.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store