Residential and retirement property developer Winton Land has been suspended from the NZX after a board exodus.

Three directors have resigned after founder Chris Meehan quit as CEO in July - among them, former Finance Minister Steven Joyce.

Shareholders Association head, Oliver Mander, says losing independent directors meant the business no longer met requirements for being listed on the exchange. 

"It's definitely not a technicality, it's a pretty core principle for a publicly listed company that exists on the exchange - there should be appropriate representation there."

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Residential and retirement property developer Winton Land has been suspended from the NZX after a board exodus.
Three directors have resigned after founder Chris Meehan quit as CEO in July - among them, former Finance Minister Steven Joyce.
Shareholders Association head, Oliver Mander, says losing independent directors meant the business no longer met requirements for being listed on the exchange.&nbsp;
"It's definitely not a technicality, it's a pretty core principle for a publicly listed company that exists on the exchange - there should be appropriate representation there."
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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

Oliver Mander: NZ Shareholders Association spokesperson on Winton Land's shares being suspended after board resignations

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/573e3710-195e-4da9-9446-b4b7006e7272/transcript

The Finance Minister says the Government has made the right move in delaying increase to the fuel tax at this stage.

The excise was due to rise 12-cents a litre next January, but has been delayed to the following year - and will only be five cents.

Nicola Willis says the Government is still on the path to returning to surplus, and they've determined they can fit this in as part of it.

"Ultimately, we've judged that we can fit it and also meet all of our budget responsibility rules in terms of maintaining that path to surplus - ensuring that we're still going to get debt tracking down."

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The Finance Minister says the Government has made the right move in delaying increase to the fuel tax at this stage.
The excise was due to rise 12-cents a litre next January, but has been delayed to the following year - and will only be five cents.
Nicola Willis says the Government is still on the path to returning to surplus, and they've determined they can fit this in as part of it.
"Ultimately, we've judged that we can fit it and also meet all of our budget responsibility rules in terms of maintaining that path to surplus - ensuring that we're still going to get debt tracking down."
LISTEN ABOVE

Nicola Willis: Finance Minister on the Government delaying increases to the fuel excise tax

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bc3383c4-00a6-4b86-803e-b4b7007420d6/transcript

The pre-match flyover by two jets ahead of the All Blacks test in Cape Town over the weekend has raised some safety concerns among experts.

The jets swept over DHL Stadium before kick-off, and people observed that the jets flew quite low - prompting divided reactions among rugby fans. 

Former airline pilot and safety consultant Doug Moss said the jets appeared to be 50 feet away from the top of the structure - and quite close to the people in the stands.

"Normally, they require about 300 meters away from people... they flew a lot closer than what's normally allowed."

LISTEN ABOVE

The pre-match flyover by two jets ahead of the All Blacks test in Cape Town over the weekend has raised some safety concerns among experts.
The jets swept over DHL Stadium before kick-off, and people observed that the jets flew quite low - prompting divided reactions among rugby fans.&nbsp;
Former airline pilot and safety consultant Doug Moss said the jets appeared to be 50 feet away from the top of the structure - and quite close to the people in the stands.
"Normally, they require about 300 meters away from people... they flew a lot closer than what's normally allowed."
LISTEN ABOVE

Doug Moss: former airline pilot and safety consultant on the jets that flew too low over the All Blacks v Springboks game

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b047694d-e6b4-4599-b22e-b4b7006b497a/transcript

ACT remaining firm on demanding New Zealand renegotiate the Paris climate agreement, or quit it.

It wants a better methane deal, and says we should otherwise walk away.

But National leader Chris Luxon says remaining in the pact is a bottom line for his party. 

Leader David Seymour says we're likely to miss the 2030 target, so the issue must come to a head soon.

"You have to negotiate when reality comes calling, and as he himself said this morning - three-quarters of the countries in the Paris Agreement aren't on track to meet their commitments." 

LISTEN ABOVE

ACT remaining firm on demanding New Zealand renegotiate the Paris climate agreement, or quit it.
It wants a better methane deal, and says we should otherwise walk away.
But National leader Chris Luxon says remaining in the pact is a bottom line for his party.&nbsp;
Leader David Seymour says we're likely to miss the 2030 target, so the issue must come to a head soon.
"You have to negotiate when reality comes calling, and as he himself said this morning - three-quarters of the countries in the Paris Agreement aren't on track to meet their commitments."&nbsp;
LISTEN ABOVE

David Seymour: ACT leader stands by claims New Zealand should quit 2030 Paris Agreement

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/81df2f67-e0c6-4b7f-a3df-b4b70063a2c9/transcript

Oliver Mander: NZ Shareholders Association spokesperson on Winton Land's shares being suspended after board resignations

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