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NZ’s 2015 wafer-thin budget surplus target now within margin of error

adobe photoshop software download p> The New Zealand government is sticking to its 2015 target for getting its books back in black, but only just – with the Treasury forecasting an operating surplus before gains and losses (obegal) of just $66 million in the 2014/15 financial year, down from the $197 million buffer flagged in the May budget, according to …

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Maori Council can appeal MightyRiverPower ruling straight to Supreme Court

The New Zealand Maori Council has been granted leave to appeal a High Court ruling dismissing its application for a review of Cabinet decisions relating to the sale of up to 49 percent of MightyRiverPower. In the Supreme Court today, Justices Sian Elias, John McGrath, William Young, Robert Chambers and Susan Glazebrook granted the council leave to appeal direct to …

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Forsyth Barr, Credit Agricole settle with regulator over Credit Sails with $60M fund

Brokerage Forsyth Barr and firms associated with Credit Agricole Corporate and Investment Bank have agreed to establish a $60 million settlement fund to compensate investors and pay $500,000 in costs over the disastrous NZX-traded Credit Sails notes. The settlement is part of a deal under which the Commerce Commission concludes its probe into the now-worthless notes and agrees not to …

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