Finance Minister Nicola Willis says the change is expected to save the Government $209m over four years.
And Sir David and Victoria Beckham become billionaires in latest UK Rich List.
Also this week: Honda reports its first loss in nearly 70 years, and EBay rejects GameStop proposal.
And Honda posts its first annual loss in 70 years as it shifts EV focus.
In case you missed it: News bites for the week.
Our weekly collection of news bites, hot takes, and gossip around the town.
The ride share company was placed into liquidation last week.
And OpenAI chief executive Sam Altman has accused Elon Musk of abandoning the company.
And EBay has rejected GameStop's audacious takeover bid.
Fintech reports ‘hard-earned progress’ on first day of New Zealand hearing on employee class action claim.