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Game developers bypass law, borrowers held back, Xero v Intuit, Orion's IPO

What's in today's National Business Review

Fri, 31 Oct 2014

In today's print edition: Millions of dollars worth of video games with offensive content are being sold in New Zealand without age restrictions in part due to the high cost of obtaining classification. Game Developers Association secretary Stephen Knightly tells Campbell Gibson the fee is discouraging game developers from undergoing the legal process leading to many of them bypassing the law by putting their games on digital distribution sites.

Reserve Bank rules to curb house prices have had a harder impact on inflation than expected – possibly due to low levels of financial awareness and poor communications. Calida Smylie and Rob Hosking report.

It’s a battle some are describing as David and Goliath in the 21st Century. Xero [NZX:XRO] chief executive Rod Drury says his company is just getting started in US giant Intuit’s home market. Chris Keall and independent cloud computing consultant Ian Apperley survey the battleground.

Meanwhile, Shoeshine runs his ruler over health software firm Orion Health, which this week registered a prospectus seeking to raise up to $150 million through an IPO.

Three profit downgrades in nine months, dividend payments cancelled again – the rocky road continues to give carpet maker Cavalier Corp [NZX:CAV] a rough ride. Duncan Bridgeman reports.

The way Act’s sole MP and freshly anointed leader David Seymore describes it, he was a somewhat angsty adolescent. What’s he like now? Nick Grant profiles the 31-year old “true believer”.

German insulation firm Knauf reveals its legal fees have grown four fold over the last year, hitting its bottom line. Court reporter Victoria Young checks in on the long-running court proceedings that it instigated against rival Pink Batts, which is owned by Fletcher Building [NZX:FBU] subsidiary Tasman Insulation. 

New Zealand’s agricultural evolution is riddled with pioneer discoveries. Bill Gallagher’s 1930’s adaptation of the electric fence was an examples; the development of commercial deer farming in the 1960s was another. But considering humankind has been drinking goat’s milk for over 10,000 years, could it be that Hamilton-based Dairy Goat Co-operative may come to be recognised as an agricultural addition in the field of infant formula? Jamie Ball searches for the answer.

The Official Information Act has always been “gamed” to some extent by the government of the day but there is now a growing authoritarianism about it, Rob Hosking writes.

Overseas information sharing laws by US revenue authorities are just the start of similar moves internationally, says Staples Rodway tax director Mike Rudd.

Fleet leasing is evolving – NBR’s Special Report tracks the changes as purse strings loosen for many company fleets.

Briefly:

  • Ebola provides lessons for economic threats, says Jacqueline Rowarth
  • Property editor Chris Hutching on the launch of market data company Valocity
  • Panic sellers widen wealth gap, says Nevil Gibson in Margin Call

All this and more in today’s National Business Review. Out now.

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Game developers bypass law, borrowers held back, Xero v Intuit, Orion's IPO
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