RWNZ chief executive to step down
Rural Women New Zealand (RWNZ) chief executive Gabrielle O’Brien will step down at the end of June.
The Government has announced a massive $12.1 billion scheme to protect businesses and workers amid the Covid-19 outbreak.
Under the scheme, businesses hit worst by coronavirus may be given a wage subsidy of up to $585.80 a week for each full-time worker and up to $350 per week for each part-time worker.
Making up almost half of the scheme, the $5.1 billion wage subsidy takes a central focus in the Government’s coronavirus response.
Businesses wanting to take part in the wage subsidy will have to prove they are losing a large amount of income due to the pandemic.
The wage subsidy, which kicks in today, will enable businesses to receive up to $150,000 over the next 12 weeks.
$126 million has also been allocated for Covid-19 sick leave and self-isolation.
The funding will enable employees to be paid for the entire time they are sick with Covid-19.
Businesses will also benefit from a $2.8 billion package of tax changes.
A higher provisional tax threshold will kick in, interest will be waived on some late tax payments, depreciation deductions will be allowed for commercial and industrial buildings, and businesses will be able to take more deductions for low value assets.
A $2.8 billion package will also go towards beneficiaries and superannuitants.
Focal to the package, is an increase in weekly benefit payments.
Beneficiaries will get an extra $25 in their pocket each week and the Winter Energy Payment will be doubled for both beneficiaries and superannuitants to $900 for singles and $1400 for couples.
The health and aviation sectors are also getting a boost, with $500 million and $600 million respectively.
Federated Farmers president Wayne Langford is claiming “some real success” on the 12 policy priorities it placed before the Coalition Government.
Federated Farmers is throwing its support behind the Fast-track Approvals Bill introduced by the Coalition Government to enable a fast-track decision-making process for infrastructure and development projects.
The latest report from ANZ isn’t good news for sheep farmers: lamb returns are forecast to remain low.
Divine table grapes that herald the start of a brand-new industry in Hawke’s Bay have been coming off vines in Maraekakaho.
In what appears to be a casualty of the downturn in the agricultural sector, a well-known machinery brand is now in the hands of liquidators and owing creditors $6.6 million.
One of New Zealand’s deepest breeder Jersey herds – known for its enduring connection through cattle with the UK’s longest reigning monarch, Queen Elizabeth II – will host its 75th anniversary celebration sale on-farm on April 22.