The NZ Superannuation Fund has been named the world’s most innovative sovereign fund. The fund won the prestigious Sovereign Wealth Fund category in the 2012 aiCIO Industry Innovation Awards in New York. The other finalists were the Australian Future Fund; Singaporean fund GIC; Norges Bank Investment Management and the State Oil Fund of Azerbaijan. Chairman Gavin Walker said the award …

The man who blew the whistle on American Bernie Madoff, and two Federal Bureau of Investigation (FBI) investigators of massive U.S. insider trading activities, are heading to New Zealand. They will be attending two inaugural events being hosted by the New Zealand Serious Fraud Office (SFO) in February 2013 – one of those, open to the business community. Simon McArley, …

Workers who have relocated to Christchurch at their employers’ expense risk having their accommodation costs treated as income under a new tax department ruling described by one major accounting firm as “a significant and unwelcome change in approach”. The Inland Revenue Department issued a special “Commissioner’s Statement” on the issue today, saying employers will be required to count accommodation costs …