NBR Rich List, Fieldays, climate challenge and Orr's resignation
The NBR Rich List has drawn mixed reviews around the Beehive this week.
Prime Minister Christopher Luxon was almost euphoric about the List, saying it was fantastic the country had people with ambition, aspiration, and positivity and that we should all celebrate success.
The Act Party's Workplace
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The Bill is part of ACT Party leader David Seymour's coalition agreement. Photo: RNZ Graphic / Nik Dirga The Regulatory Standards Bill will stop lawmakers from taking broader public health considerations into account, warns a leading cancer specialist. ACT Party leader David Seymour said the Bill - part of its coalition agreement with the National Party and New Zealand First - was about requiring governments to be more "transparent" about the financial impact of legislation. However, Auckland University associate professor George Laking, a medical oncologist and clinical Māori director in the Centre for Cancer Research, said the real intent seemed to make economic factors the only measure. "We already have transparency around lawmaking - that's why we have regulatory impact reports," he said. "This seems more like an attempt to narrow the frame for what's considered to count as being relevant in that type of decision." He joined other public health and legal experts, who have criticised the bill (in its current form) as allowing tobacco, alcohol industries or environmental polluters to seek compensation, if future legislation costs them profit. Associate professor George Laking from Auckland University. Photo: Supplied "You wouldn't want your surgeon to operate with a blunt instrument, but that's exactly the approach the Regulatory Standards Bill takes to the health needs of our society," Laking said. "I acknowledge ACT's faith in market-based solutions, but it is well known that markets fail. That's why the government should be very careful about market deregulation, when human health is at stake." The Bill also appeared to be a covert attack on the principles and articles of te Tiriti o Waitangi, he said. "The situation we have is quite inequitable in terms of distribution of wealth and power in society, and that's a big reason why government needs to be able to take into account a wider set of principles, than rather just the narrow, market-based, productivity-based ones that ACT likes to focus on. "The definition of 'liberty' begs the question of whose liberty - the ability to pollute the environment, to get people hooked on addictive substances, that's one side of the liberty coin. "The pursuit of short term economic gain is not necessarily the recipe for an harmonious society." Public submissions on the Regulatory Standards Bill close at 1pm Monday, 23 June 2025. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
National Business Review
2 days ago
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NBR Rich List, Fieldays, climate challenge and Orr's resignation
The NBR Rich List has drawn mixed reviews around the Beehive this week. Prime Minister Christopher Luxon was almost euphoric about the List, saying it was fantastic the country had people with ambition, aspiration, and positivity and that we should all celebrate success. The Act Party's Workplace
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3 days ago
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We need to talk about wealth in New Zealand
ANALYSIS: The annual NBR Rich List has been the country's only source on wealth for nearly 40 years. The NBR Rich List has been around for nearly 40 years. When it first started in 1986, there were 56 individuals and 12 families with a combined net worth of about $5.3 billion. This year, we profiled 119 individuals and families collectively worth $102.1b, up from last year's $95.68b. That's a startling amount of growth. At least $4b of it came Want to read more? It's easy. Choose your subscription Already have an account? Login Smartphone Only Subscription NZ$29.95 / monthly Monthly Premium Online Subscription NZ$49.95 / monthly Smartphone Only Annual Subscription NZ$299.00 / yearly Yearly Premium Online Subscription NZ$499.00 / yearly Premium Group Membership 10 Users NZ$385 +GST / monthly $38.5 per user - Pay by monthly credit card debit Premium Group Membership 20 Users NZ$660 +GST / monthly $33 per user - Pay by monthly credit card debit Premium Group Membership 50 Users NZ$1375 +GST / monthly $27.5 per user - Pay by monthly credit card debit Premium Group Membership 100 Users NZ$2100 +GST / monthly $21 per user - Pay by monthly credit card debit Yearly Premium Online Subscription + NBR Marketplace NZ$999.00 / yearly Individual Group membership NBR Marketplace Student Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499). View terms and conditions.
