Tax officials have a totally unrealistic idea of how much tax leakage there is around from New Zealanders investing in Australian unit trusts, says FundSource.

Reserve Bank governor Alan Bollard has raised interest rates, as expected, citing the economy’s strong growth over an extended period, and flagged that further rate hikes are likely.

The Reserve Bank today increased the Official Cash Rate from 5.5% to 5.75%.

Colville Equities has decided to cancel its Initial Public Offering (IPO) because of the depressed state of the new issues market.

The battle for control of Rural Equities, the company which manages the NZ Rural Property Trust, has taken another turn with Sir Selwyn Cushing's company H&G Ltd hitting back at St Laurence.

Many people are predicting a property crash is immiment. In this latest book, The Day the Bubble Bursts, Olly Newland writes about how you can profit from the upcoming property slump.

Australia

The Health Funds Association is worried that the Government’s much-publicised additional funding for hip and knee operations will steer people away from buying health insurance.

Finance Minister Michael Cullen today challenged National finance spokesperson John Key to come clean on his plans for the New Zealand Superannuation Fund

The Commerce Commission may take a look at the financial services industry following Consumer Magazine’s Savings Scandal feature.

The Salvus listed investment trust offer has had its IPO deadline extended.

Auckland

Proposed AUT changes lead to fund closures, Hunter Hall on ethical investing, New property fund launched, Russell pushes new standard.