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NZ reaches deal with Canada after dairy trade dispute
Fonterra is pleased to see the end of a long running trade dispute involving NZ and Canada. Fonterra global external affairs director Simon Tucker spoke to Charlotte Cook.
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Auckland man sentenced in NZ's first 'zapper' tech tax cheating conviction
Photo: 123RF An Auckland man has become the first person in New Zealand to be convicted and sentenced for using electronic equipment to underreport sales and dodge tax. Gurwinder Singh was sentenced in the Manukau District Court this week to seven months' home detention on tax evasion charges and for possessing electronic sales suppression tools (ESST) to evade the assessment and payment of tax. IRD said Singh, who runs a pizza outlet in Waiuku, admitted he was hiding income from his tax agent so that he did not have to pay so much tax. "Singh's offending was planned, calculated and required ongoing financial manipulation," it said in a statement. Singh also claimed only two staff were employed when there were four. The total amount of tax avoided was around $200,000, composed of approximately $79,000 in GST, $100,000 in income tax, and $21,000 in PAYE. ESST technology, also known as "phantomware" and "zappers," connects to point of sale systems to underreport sales and reduce taxable income. The IRD has previously warned of a crackdown and harsh penalties for possessing ESST technology, because it posed a threat to the integrity of the tax system. Buying, possessing, and using ESST technology was made a criminal offence in 2022, with fines ranging between $5,000 for buying and possession, to $250,000 for using it. IRD has received an extra $64 million in this year's budget to boost tax collection and drive tax compliance. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
RNZ News
an hour ago
- RNZ News
New agency to manage school property announced
A new school property entity is being set up to manage the building, maintaining, and administering the school property portfolio. Education Minister Erica Stanford who is visiting Northcross Intermediate School in Auckland, made the announcement during school visit on Friday. The new Crown agent will sit separate from the Ministry of Education, which will keep responsibility for education policy and network decisions. Announcing the launch of the New Zealand School Property Agency, Stanford said schools had been kept waiting for classrooms and refurbishments they badly needed. "The government inherited a school property system bordering on a crisis. The previous government made big promises to school communities, but its unfunded, bespoke, expensive projects weren't deliverable," she said. Education Minister Erica Stanford Photo: RNZ / Mark Papalii A ministerial advisory group, chaired by former National minister Murray McCully, has been tasked with providing advice on the transition to the new agency. McCully had earlier led an inquiry into the school property system, which Stanford said had helped inform the new approach. She said the inquiry's report had found the ministry's "processes for managing the school property portfolio needed overhauling, that schools struggled with a lack of transparency, unclear prioritisation of projects, and inefficient project planning and delivery". Infrastructure Minister Chris Bishop said the Crown agent would balance flexibility, transparency, and ministerial direction. "With the establishment of the NZSPA, schools can expect improved project delivery and communication, better value for money, and an increased level of transparency around decision making," he said. Alongside the announcement, Stanford confirmed a $120 million investment in classrooms across Auckland, funded through the Budget: Bucklands Beach Intermediate - 2 classrooms Helensville School - 1 classroom Kauri Flats School - 4 classrooms Lincoln Heights School - 6 classrooms Macleans College - 8 classrooms Massey High School - 8 classrooms Mission Heights Primary School - 6 classrooms Mountain View School - 6 classrooms Northcross Intermediate - 8 classrooms One Tree Hill College - 6 classrooms Orewa College - 12 classrooms Panama Road School - 4 classrooms Papakura Normal School - 10 classrooms (in addition to the two learning support classrooms already announced) Papatoetoe Central School - 4 classrooms Papatoetoe East School - 4 classrooms Papatoetoe Intermediate - 6 classrooms Papatoetoe South School - 6 classrooms Puhinui School - 2 classrooms Pukekohe North School - 4 classrooms Rangitoto College - 10 classrooms Te Kura o Pātiki Rosebank School - 4 classrooms Takanini School - 4 classrooms Tuakau College - 6 classrooms Whenuapai School - 6 classrooms Stanford said all projects were expected to begin construction in the next 12 months. Earlier this week the minister announced the government was pulling the plug on open plan classrooms , with Stanford saying they were too noisy and distracting for many children. She also announced a plan to double the economic benefits brought into the country by international students . From November, eligible student-visa holders will be able to work more hours a week, from 20 to 25 hours, and work rights will be extended to all tertiary students in approved exchange programmes. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
