The Government have ditched plans to implement tougher regulations on Buy Now, Pay Later providers.

They had initially proposed requiring affordability tests on purchases above $600 to ensure users could manage taking on debt, but have since ruled it 'too onerous'.

NZ Herald Wellington business editor Jenee Tibshraeny says the Government may have been spooked by the fallout from the CCCFA changes, and will want to avoid a similar situation.

LISTEN ABOVE

The Government have ditched plans to implement tougher regulations on Buy Now, Pay Later providers.
They had initially proposed requiring affordability tests on purchases above $600 to ensure users could manage taking on debt, but have since ruled it 'too onerous'.
NZ Herald Wellington business editor Jenee Tibshraeny says the Government may have been spooked by the fallout from the CCCFA changes, and will want to avoid a similar situation.
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

Jenee Tibshraeny: NZ Herald Wellington business editor on the Government ditching plans to implement tougher regulations on Buy Now, Pay Later providers

One expert has suggested Jetstar won't follow Air New Zealand in cutting upcoming domestic flights.

The airline plans to cancel about 1100 flights over the next six to eight weeks because of fuel price hikes - impacting about 44,000 passengers.

It's already raised fares to help cover costs.

Board of Airline Representatives NZ executive director Cath O'Brien, says Jetstar's unlikely to do the same because Air New Zealand's domestic network has a wider spread.

"They have a wholly different problem than Jetstar, which is operating trunk services and jets only."

LISTEN ABOVE

One expert has suggested Jetstar won't follow Air New Zealand in cutting upcoming domestic flights.
The airline plans to cancel about 1100 flights over the next six to eight weeks because of fuel price hikes - impacting about 44,000 passengers.
It's already raised fares to help cover costs.
Board of Airline Representatives NZ executive director Cath O'Brien, says Jetstar's unlikely to do the same because Air New Zealand's domestic network has a wider spread.
"They have a wholly different problem than Jetstar, which is operating trunk services and jets only."
LISTEN ABOVE

Cath O'Brien: Board of Airline Representatives NZ executive director on Air New Zealand cutting 1100 flights

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/1e1c10dc-5ae4-454b-97f1-b40b00571599/transcript

The US President's social media posts suggest he's worried about the price of oil, as the US and Israel bombard Iran into an 11th day.

More than 1700 have been killed in the Middle East - most in Iran, and hundreds in Lebanon.

Despite this, markets appear to have calmed down following the initial shock, and Milford Asset Management's Brendan Larsen explained why.

LISTEN ABOVE

The US President's social media posts suggest he's worried about the price of oil, as the US and Israel bombard Iran into an 11th day.
More than 1700 have been killed in the Middle East - most in Iran, and hundreds in Lebanon.
Despite this, markets appear to have calmed down following the initial shock, and Milford Asset Management's Brendan Larsen explained why.
LISTEN ABOVE

Brendan Larsen: Milford Asset Management expert on markets calming down from Middle East conflict shock

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/284712e8-e295-4aad-83a7-b40a00703bfa/transcript

The balance sheet is looking strong for Briscoe Group, which managed to score a few goals late in the game. 

The retailer's posted record annual sales of close to $800 million, for the year ending January 25th. 

Its homeware brand Briscoes saw 1.42 percent sales growth - while Rebel Sport trailed with growth of 0.13 percent.

Managing director Rod Duke says the business just changed its promotions approach slightly. 

"Generally, the market from about Black Friday just eased up a bit. People just got a bit more confident."

LISTEN ABOVE

The balance sheet is looking strong for Briscoe Group, which managed to score a few goals late in the game.&nbsp;
The retailer's posted record annual sales of close to $800 million, for the year ending January 25th.&nbsp;
Its homeware brand Briscoes saw 1.42 percent sales growth - while Rebel Sport trailed with growth of 0.13 percent.
Managing director Rod Duke says the business just changed its promotions approach slightly.&nbsp;
"Generally, the market from about Black Friday just eased up a bit. People just got a bit more confident."
LISTEN ABOVE

Rod Duke: Briscoe Group managing director on the business posting steady result in tough financial year

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cf65c757-7352-4ac4-99db-b40a006187ba/transcript

Jenee Tibshraeny: NZ Herald Wellington business editor on the Government ditching plans to implement tougher regulations on Buy Now, Pay Later providers

In 1 playlist(s)

Best of Business

Social links

Follow podcast

Recent clips