Minimum wage cut could mean very low wages, says Key

Bowing to the neo-liberal economic theory of cutting the minimum wage rate to what the market can bear would lead to some very low wage rates in New Zealand, Prime Minister John Key says. Speaking to Newstalk ZB’s Mike Hosking this morning, Key was dismissive of the Act Party’s policy for a reduction in New

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KiwiSaver changes considered

A decision about whether people should be automatically enrolled in KiwiSaver could be made before the election, Prime Minister John Key said today. Under the current scheme, people are automatically enrolled when they start a new job and are given the choice to opt out. Mr Key said the Government was considering an option in

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Massive overhaul for Privacy Act

The Law Commission is recommending a massive overhaul of the Privacy Act providing stronger enforcement measures and changes that alternately offer better protection of individual privacy and make it easier for government agencies to bulk share private information. Changes protecting individuals include a statutory \”Do Not Call Register\” which would allow New Zealanders to register

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Michael Littlewood: KiwiSaver auto-enrolment is a bad idea

The Government is looking at extending the KiwiSaver’s auto-enrolment provisions to include all employees not currently members. This \”mopping-up\” operation would enrol about one million employees – they could opt out if they really didn’t want to belong. Business writer David Chaplin noted that the six default KiwiSaver providers may be \”gifted\” perhaps as many

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Parents’ pay targeted in proposed law change

Legislation allowing child support payments to be deducted directly from parents’ pay packets may be enacted by the end of the year, says Revenue Minister Peter Dunne, sparking fears the fast-tracked laws will not be properly scrutinised. After a long period of public consultation, Mr Dunne announced the changes intended to tackle the $2.3 billion

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Rate of KiwiSaver sign-ups falling

The number of people signing up to KiwiSaver has continued to decline since the May budget, Tower Investments says in its analysis of data from the Inland Revenue Department. Although July’s sign-ups inched net total KiwiSaver membership closer to 1.8 million, the rate at which new members joined slumped noticeably, Tower Investments chief executive Sam

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