Labour may still hand a lifeline to the Government's much-touted surcharge ban. 

The policy was announced with much fanfare last year - with Minister Scott Simpson promising it would be in force by May. 

But he now says the bill's on pause, after David Seymour confirmed ACT won't back it. 

National's now hoping for Labour's support for it to pass, with the Opposition keen to see amendments made so retailers don’t bear the costs of the payments themselves. 

Retail NZ's Carolyn Young says she think's it's unlikely the banks can be forced to absorb them. 

"If they can get the banks to absorb the fees, that would be a great outcome."

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Labour may still hand a lifeline to the Government's much-touted surcharge ban.&nbsp;
The policy was announced with much fanfare last year - with Minister Scott Simpson promising it would be in force by May.&nbsp;
But he now says the bill's on pause, after David Seymour confirmed ACT won't back it.&nbsp;
National's now hoping for Labour's support for it to pass, with the Opposition keen to see amendments made so retailers don’t bear the costs of the payments themselves.&nbsp;
Retail NZ's Carolyn Young says she think's it's unlikely the banks can be forced to absorb them.&nbsp;
"If they can get the banks to absorb the fees, that would be a great outcome."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

Best of Business

Carolyn Young: Retail NZ CEO on ACT confirming the Government's hit pause on the surcharge ban

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e4ca0429-6b49-48b4-9be2-b41900503ccd/transcript

The Warehouse Group has reported a first half net profit after tax of nearly $16 million.

CEO Mark Stirton told Heather du Plessis-Allan he is 'pleased' with the result

But, like most of the world, concerns over Iran and fuel costs plague future outlooks. 

LISTEN ABOVE

The Warehouse Group has reported a first half net profit after tax of nearly $16 million.
CEO Mark Stirton told Heather du Plessis-Allan he is 'pleased' with the result
But, like most of the world, concerns over Iran and fuel costs plague future outlooks.&nbsp;
LISTEN ABOVE

Mark Stirton: Warehouse Group CEO is 'pleased' with first half results

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/24ecad7c-2ac1-44ef-8e45-b41a0067adf4/transcript

A Los Angeles ​jury recently found Meta and Google guilty of designing harmful social media platforms that encourage addictive behaviour in users.

The jury found Meta liable for $4.2 million in damages and Google for $1.8 million, and it's expected this case will inspire similar legal cases. 

Senior public health researcher at UOA, Dr Samantha Marsh, says this is a historic moment for social media. 

"This is the first time that they've actually been taken to court, they've been found liable for their product. Up until now, it's just been about what people post on their platforms and they can't be held responsible for that. But this kind of changes everything." 

LISTEN ABOVE

A Los Angeles ​jury recently found Meta and Google guilty of designing harmful social media platforms that encourage addictive behaviour in users.
The jury found Meta liable for $4.2 million in damages and Google for $1.8 million, and it's expected this case will inspire similar legal cases.&nbsp;
Senior public health researcher at UOA, Dr Samantha Marsh, says this is a historic moment for social media.&nbsp;
"This is the first time that they've actually been taken to court, they've been found liable for their product. Up until now, it's just been about what people post on their platforms and they can't be held responsible for that. But this kind of changes everything."&nbsp;
LISTEN ABOVE

Dr Samantha Marsh: senior public health researcher at UOA on Meta and Google losing court case over social media harm

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cff36aef-66fd-4da0-a2c7-b41900646461/transcript

The Government is looking at potentially helping Channel Infrastructure increase its fuel storage capacity at Marsden Point.

Channel - New Zealand’s largest fuel import terminal business - has identified some 'very preliminary options' for significantly increasing its diesel storage capacity more quickly than would normally be the case.

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

LISTEN ABOVE

The Government is looking at potentially helping Channel Infrastructure increase its fuel storage capacity at Marsden Point.
Channel - New Zealand’s largest fuel import terminal business - has identified some 'very preliminary options' for significantly increasing its diesel storage capacity more quickly than would normally be the case.
NZ Herald Wellington business editor Jenee Tibshraeny explained further.
LISTEN ABOVE

Jenee Tibshraeny: NZ Herald Wellington business editor on the Government refurbishing Channel Infrastructure’s empty Marsden Point fuel storage tanks

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e8461dff-a3c4-4a02-9ae7-b418007418d0/transcript

Carolyn Young: Retail NZ CEO on ACT confirming the Government's hit pause on the surcharge ban

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