UPDATE 12.30pm: "I'm just a software engineer," chief executive, director and 50.5% shareholder Ian McCrae tells NBR Radio when questioned about the bargain-basement price of the new shares — half of which have been allocated to him.
Finance Minister Steven Joyce was quick to shift responsibility for the infrastructure deficit to the legacy councils of Auckland when questioned about finding solutions to New Zealand's skills shortage.
The management contract with PFIM is an open-ended term, which differs from most other property investment companies.
Banking & Finance
Dairy NZ warns farmers to repay debt accumulated during last three seasons rather than going on a spending spree.
Robert Hickson argues against NZ Tech's proposal to set up a Ministry of the Future.
Law & Courts
They made some headway at meetings in October and November, but couldn't agree on the wording of a trial period provision, the wage clause, and term of the collective agreement.