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Regulatory Standards Bill called ‘fundamentally objectionable’
Brent Edwards
Mon, 07 Jul 2025
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Government gives a boost to FamilyBoost
The coalition Government is increasing the rebate families can claim under the FamilyBoost scheme. Finance Minister Nicola Willis said today that, from the start of this month, families can claim a 40% rebate on their early childhood education costs, up from 25% when the scheme was first launched. Willis said that meant a family with early childhood education fees of $100 a week could get $40 back, not $25, increasing their annual savings from $1300 to $2080.
“Cabinet has also decided to increase the number of families eligible for the scheme, by reducing the abatement rate for families earning more than $140,000. This means the upper limit for households to receive a portion of FamilyBoost increases from $180,000 a year of income to just under $230,000.”
She said the changes would help families deal with the increased costs that came with having children.
Last remaning directors from Bremworth's previous board exit
NZX-listed carpet maker Bremworth has announced that directors George Adams and John Rae have resigned from their positions with immediate effect.
The pair were the only members of the company’s previous board to survive a boardroom coup earlier this year, led by a group of agitating shareholders.
In a brief statement, the company said Adams and Rae believe their “task is largely complete” and that the new board is well-placed to take the company forward. The statement also noted that the pair have worked closely with the company’s new directors since their appointment in March.
Bremworth chair Rob Hewett thanked Adams and Rae for their service during a challenging period.
Their departure is the latest in a series of exits at the company since the boardroom overhaul. Several senior executives, including the company’s chief executive and chief financial officer, have resigned in recent months.
Synlait COO quits
Synlait Milk chief operating officer Paul Mallard has resigned and will leave the company in December.
Mallard joined the milk processor from Fonterra in January 2023, initially as director of strategy, innovation and corporate affairs. He was appointed to the new role of COO in June 2023 in a restructuring of the executive leadership team.
Synlait chief executive Richard Wyeth said Mallard had player a significant role in advancing the company’s operational and strategic priorities.
“Under his leadership, the team has made notable progress optimising the North Island network and enhancing the overall value chain performance,” he said.
Synlait said it would begin searching for a new COO.
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