KiwiSaver investments have broken the $100 billion mark.

The Financial Markets Authority's report for the year to March 31st reveals funds reached $111.8 billion - jumping 19 percent from the previous year.

Member contributions have risen to $11.2 billion and returns are strong at $13.1 billion.

Financial Markets Authority director John Horner says this shows numbers are bouncing back following a previous downturn.

LISTEN ABOVE

KiwiSaver investments have broken the $100 billion mark.
The Financial Markets Authority's report for the year to March 31st reveals funds reached $111.8 billion - jumping 19 percent from the previous year.
Member contributions have risen to $11.2 billion and returns are strong at $13.1 billion.
Financial Markets Authority director John Horner says this shows numbers are bouncing back following a previous downturn.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

John Horner: Financial Markets Authority director on KiwiSaver funds breaking $100 billion mark

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6b8916b6-9b37-43c1-8507-b1f5007ca6ad/transcript

New data from the Insurance Council of Australia has revealed the latest stats around car theft, as well as a growing black market propped up by sanctions.

Organised crime groups are reportedly stealing Australian cars and stripping them down to sell off the parts in Iran and Russia.

Australian correspondent Oliver Peterson says there's a sophisticated network behind these growing cases, with many of these thefts happening in Victoria.

LISTEN ABOVE

New data from the Insurance Council of Australia has revealed the latest stats around car theft, as well as a growing black market propped up by sanctions.
Organised crime groups are reportedly stealing Australian cars and stripping them down to sell off the parts in Iran and Russia.
Australian correspondent Oliver Peterson says there's a sophisticated network behind these growing cases, with many of these thefts happening in Victoria.
LISTEN ABOVE

Oliver Peterson: Australian correspondent on the new reports revealing Australian cars are stolen for parts to send to Iran and Russia

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2680aeb1-32ca-4d5c-9756-b4c1005324c1/transcript

2-1 down in the Rugby's Greatest Rivalry series flying to Baltimore across the aisle from the Springboks isn't exactly how the All Blacks wanted to head into their fourth matchup.

The Kiwi side is down a few key players, with Ardie Savea, Quinn Tupaea and Luke Jacobson out of commission following some injuries.

Weekend Sport host Jason Pine speculated about the kinds of changes the team could make following the big match. 

LISTEN ABOVE

2-1 down in the Rugby's Greatest Rivalry series flying to Baltimore across the aisle from the Springboks isn't exactly how the All Blacks wanted to head into their fourth matchup.
The Kiwi side is down a few key players, with Ardie Savea, Quinn Tupaea and Luke Jacobson out of commission following some injuries.
Weekend Sport host Jason Pine speculated about the kinds of changes the team could make following the big match.&nbsp;
LISTEN ABOVE

Jason Pine: Weekend Sport host on the changes the All Blacks could make ahead of Springboks clash in Baltimore

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/228d5df1-6914-44d7-b11b-b4c100504d4d/transcript

Kiwi brewers have voiced frustration with Australia's excise tax break for their brewers - and claimed it gives them benefits that New Zealand companies can't get.

This means New Zealand-produced beer is taxed more than its Australian counterpart, and this dispute between the trans-Tasman partners has been a point of contention for over a decade.

Garage Project co-founder Jos Ruffell says their brewery has had to pay $2.5 million worth of tax in Australia because of this, and this should have been resolved earlier.

"MFAT's looked into this, it's a clear breach of CER and we've had some really encouraging news in the last week where Minister McClay has actually now raised this openly with his Australian counterpart, and he's acknowledged that there is a precedent with wine." 

LISTEN ABOVE

Kiwi brewers have voiced frustration with Australia's excise tax break for their brewers - and claimed it gives them benefits that New Zealand companies can't get.
This means New Zealand-produced beer is taxed more than its Australian counterpart, and this dispute between the trans-Tasman partners has been a point of contention for over a decade.
Garage Project co-founder Jos Ruffell says their brewery has had to pay $2.5 million worth of tax in Australia because of this, and this should have been resolved earlier.
"MFAT's looked into this, it's a clear breach of CER and we've had some really encouraging news in the last week where Minister McClay has actually now raised this openly with his Australian counterpart, and he's acknowledged that there is a precedent with wine."&nbsp;
LISTEN ABOVE

Jos Ruffell: Garage Project co-founder on how the Australian excise tax break impacts Kiwi brewers

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2166ddb5-6c0c-4a3b-ab65-b4c1004dd3cd/transcript

John Horner: Financial Markets Authority director on KiwiSaver funds breaking $100 billion mark

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