Finance minister Michael Cullen has introduced a supplementary order paper into Parliament which once passes will make bonus units issued by Australian unit trusts taxable.

Dunedin

The second listed investment company offer in two days was announced yesterday by Salvus Strategic Investments.

Wellington

Wellington

Palmerston North

Hamilton

The rate of superannuation paid to New Zealanders is queried in Parliament.

As part of its desire to increase efficiency and lower costs Tower has integrated its wholesale and retail businesses.

Dunedin

Rotorua

In a decision regarded by all economists as very finely balanced, Reserve Bank governor Alan Bollard opted to raise the official cash rate (OCR) from 5.25% to 5.5%, citing strong domestic inflation pressures.