Commerce Comment April/May 2012 - Nelson Tasman Chamber of ...

Commerce Comment
To advance business in the Nelson Tasman region
April/May 2012
2011
Annual Report
pages 8 - 10
Sir Ray Avery Key note speaker, Aspire 31 May
Cornerstone Sponsors
Aspire 2012 | Business Awards 2012 | Annual Report | Employment Relations Service

From the CEO
This issue includes our Annual Report for
the 2011 year, highlighting some of the key
developments and on-going benefits for
members. For me, the highlight was the
diversity of the incredible businesses we
visited as part of the BNZ Partners Business
After Fives and Bowater Motor Group
Women’s Networking Functions. These were
a real source of inspiration. I particularly
want to thank our BNZ Business After Five
hosts where attendance was often around
100 business people (up on average 13%
from two years ago). These functions offer a
fantastic opportunity for business owners to
share ideas and expertise, to learn from each
other in an informal setting and to foster
and build their business connections.
The art of networking, knowing how to
‘work a room’ doesn’t come naturally, and
the “Top Tips for Networking” workshop
we piloted in 2011 has proved so successful
we are continuing with these workshops
this year. If you haven’t already booked
to attend one, I encourage you to do
so and make the most of the business
networking and promotional opportunities
membership brings.
A new member to member service being
launched this month is 30 minutes free
employment relations (ER) advice. This
exciting new development comes at the
request of members for affordable, quality
advice in this area. It covers ER advice – the
here and now – not the more long term
strategic HR field, although the need for
further work in this area may well stem
from an immediate ER issue. As a member,
we encourage you to make use of this
new service if and when the need arises in
your business. The depth of expertise local
members have is impressive and we thank
the members who are taking part in this
new member to member offer. See inside for
details – and let us know your feedback.
This year the business awards reaches the
25 year milestone – there is no doubt it will
be a big year at the awards so make sure
you book your seats early (Awards night is
2 November) and consider entering your
business this year – there is no better time!
Entries are open and details and entry forms
are available from our office and on www.
commerce.org.nz
As part of the 2012 Westpac Nelson Tasman
Chamber of Commerce Business Awards we
will be acknowledging the contribution of
businesses that were in business 25 years
ago and are still part of our regions rich
business fabric today. Let us know if your
business fits that category and tell us of
others that do as well.
Dot Kettle
The Chamber welcomes the
following new members:
• Advantage Business
• Air Square
• Ching Contracting Ltd
• Emma Manhart
• Gilando
• Hedonista Perfumery
• Helicopters NZ
• HR Admin Solutions
• Kate Coote PA Plus
• Kimi HR
• Kiwipay
• Liquor Land
• Living Sound
• Nelson Alarms & Security
• Nelson City Holiday Park & Motels
• Select Safety Wear
• Skippers Choice
• SQL Services
• Up the Garden Path Café -Gallery
• Viaduct Limited
The Chamber
Dot Kettle
Chief Executive
Michelle McCree
Operations & Events Manager
Trina Zimmerman
Business Support Coordinator
Miritza Vining
Accounts
Caroline Johns
Membership Support
Design / print
Lucid Design
Design / layout
Print House
Printer
Chamber Board
Gerard Praat
President – Knapps Lawyers
Craig Dennis
Past President – The Nelson Mail
John Murray
Vice President – WHK
Chris Bowater
Board Member – Bowater Motor Group
Gillian Wratt
Board Member – Cawthron Institute
Darryl Wilson
Board Member – Wilsons Abel Tasman
Lees Seymour
Board Member – Nelson Forests
Patrick Smith
Board Member – Patrick Smith HR
For all enquiries please contact
Trina Zimmerman (03) 548 1363
Nelson Tasman Chamber of Commerce
63 Trafalgar Street
PO Box 1121, Nelson 7040
Phone 03 548 1363
Fax 03 546 8373
Email info@commerce.org.nz
Web www.commerce.org.nz
2
Commerce Comment

Employment Relations Advice
New Service for Members – Employment
Relations Advice
The Chamber members with employment relations expertise listed below are part of our new free
service providing an initial 30 minutes employment relations advice to other Chamber members.
This new service is part of our on-going commitment to deliver benefits to our members. If you wish to be part of the service contact the
Chamber. To make use of the confidential service simply contact one of the members below and let them know you are part of the Nelson
Tasman Chamber of Commerce.
Fanselow Bell
Fanselow Bell (FB) is an established provider of integrated HR
solutions with a strategic approach to Employee Relations. Our
focus is on the profitability of your business and maximising the
performance and structure of your people resources.
Our specialist consultants can provide customised solutions and
services to your workplace – we operate across a range of industries,
small to medium businesses, large corporates and institutions.
Our strategic assessment and audit capability can help identify areas
for intervention (solutions) and improvement across your employee
relations issues. We also provide specific advice, advocacy and
solutions for one-off issues – we can act as your ‘outsourced Human
Resource and ER solutions’ team.
Our areas of involvement include, but are not limited to
• Employee Relations and Industrial Relations strategy
• Collective Employment Agreement planning and advocacy
• Developing Individual Employment Agreements
• Drafting House Rules, Codes of Conduct and
Employee Handbooks
• Conflict and dispute resolution, mediation and arbitration,
personal grievance resolution
• Restructuring advice and design of change of managerial
processes
ph 03 546 8649
email info@fbhr.co.nz
web www.fbhr.co.nz
Chapman ER
Chapman Employment Relations specialises in practical solutions &
effective management of Employment Relations, Industrial Relations,
& Human Resources issues.
- We provide expert services exclusively to Employers -
Whether you need assistance with writing Employment Agreements,
managing a poor performing employee, negotiating with unions, or
dealing with a personal grievance, our team can help.
engineering, education, Information Technology, transport, aviation,
finance, tourism, health, retail, oil and small business.
Our advice is pragmatic and focuses on achieving the best outcome
for our clients. We will discuss with you your rights and obligations,
alongside your options and risks. We will then provide you with the
assistance you need to achieve a successful outcome.
ph 03 545 0877
email chris@chapmaner.co.nz
web www.chapmaner.co.nz
Shine People Consulting
Shine People Consulting is a Nelson based HR consultancy with big
experience. Our focus is simple – partnering with businesses to
achieve their strategic goals through their people. We specialize
in people management and development, helping employers
to address those tricky people issues and maximize people
performance. We have a proven record and established reputation
for professional expertise, our ability to quickly get to the root of
a problem , to identify and implement solutions and deliver great
results. With over 23 years experience there aren’t many people
issues that we haven’t tackled. Find out more at www.shinepeople.
co.nz.
Our areas of expertise include:
• Managing performance issues
• Preventing and managing workplace bullying problems
• Workplace conflict resolution
• Behavioural coaching
• Undertaking disciplinary and bullying investigations
• Team building – improving relationships and performance
• How to create high performing, engaged, teams
ph 03 545 0055
mob 021 1371 589
email denise@shinepeople.co.nz
web www.shinepeople.co.nz
Our team possesses a unique combination of expertise. Our team
draws from a combined experience of more than 60 years in ER,
HR and leadership roles in fields including telecommunications,
www.commerce.org.nz
3

Employment Relations Advice
Kimi HR
Kimi HR is a human resources consultancy offering employment
relations advice to chamber members. Kimi’s two consultants Sacha
MacDonald and Patrick Smith were both raised in Golden Bay and
having previously worked in senior HR roles with Sealord Group have
an appreciation for rural and urban employers, understand land and
sea based businesses and work with employers of all sizes. If you
need help addressing productivity and performance issues Kimi has
the capability and expertise. We can assist with:
• Employment agreement reviews and updates
• Advice on handling staff performance and disciplinary issues
• Meeting your employment legislative obligations
• Development of workplace policies and procedures
• Redundancy, restructuring and change management
ph 03 546 7083
mobile 0212202923
email patrick@kimi.co.nz
web www.kimi.co.nz
Duncan Cotterill
Brian has extensive arbitration experience. He is an associate of the
Arbitrators and Mediators Association of New Zealand.
Brians employment law practice has principally been for employers,
providing advice relating to restructures and redundancies,
disciplinary issues, employment agreements, personal grievances,
restraints of trade, confidential information, health and safety,
Holidays Act issues and privacy issues.
Kim is a senior solicitor in our Nelson office who has been with
Duncan Cotterill since 2007. Kim advises clients on disciplinary
matters, personal grievances, restructuring and redundancies, staff
recruitment, trial periods and employment /independent contract
agreements, as well as assisting with defences for Health and Safety
in Employment Act prosecutions.
Brian Nathan, Partner
ddi 03 989 1062
cell 029 201 1746
email b.nathan@duncancotterill.com
Recruiting?
Find staff NOW
NEW KIWIS
LOCAL // GLOBAL
Free recruitment service
Fast and easy
Register today
• View and download CVs
• Advertise a vacancy (optional)
• Access our one-on-one advice and support at no cost
Call us now on 0800 18 23 23 or email us at newkiwis@chamber.co.nz
www.newkiwis.co.nz
4
Commerce Comment

Salmon: business growth of national
significance
All New Zealanders now get to
have a say on a proposal that
has the potential to earn the
country hundreds of millions of
dollars in export revenue.
Nelson-based New Zealand King Salmon
has applied to the Environmental Protection
Authority (EPA) to commission nine new
salmon farms over an extended period in
the Marlborough Sounds.
The company’s application has been
‘publicly notified’ by the Board of Inquiry
(BOI) established by the Environmental
Protection Authority which means
submissions are now open until May 2.
Anyone who wants to can offer their support,
either solely in a written submission or in
tandem with an appearance before the
board.
Reports prepared for the company and
submitted with its application show that if
fully approved, its additional production will
provide up to 120 new jobs in the region.
Its export earnings are forecast to nearly
quadruple from the current $60 million to
more than $230 million a year by 2015.
The company’s plans are capable of
delivering huge growth for Marlborough
and for New Zealand utilising a quality and
sustainable product that occupies only a
small amount of space it says.
NZ King Salmon CEO Grant Rosewarne
is urging New Zealanders to support
his company’s application to promote
sustainable jobs and preserve the
environment for future generations.
“There are huge benefits for New Zealand
and for Marlborough in our plans but we
cannot accomplish those without the
support of the community and the ‘silent
majority’. In total, the amount of additional
surface water space that will be farmed is a
tiny 12 hectares out of the total Sounds area
of 150,000 hectares.
“We are world’s biggest producer of King
salmon with 55 per cent of the global
market and currently we simply cannot meet
demand. Offshore our brand is well known
and preferred among many professional
chefs and in the hospitality industry so it has
a high profile.
“We are the largest single contributor of long
chain Omega-3s in the NZ diet and as such
we make a major contribution to healthy
child brain development, healthy joints,
reduced heart disease and better eyesight.
“Our business has a bright future sustainably
producing a healthy and delicious food
product for which New Zealand already has
a strong international reputation.
“A positive submission is a rare opportunity
for local people to add huge value to our
region and show the world we can have
premium branded Marlborough salmon
while preserving our environment for future
generations.”
Mr Rosewarne says if the company is able to
grow its business it will be well on the way to
creating a cluster of supporting businesses.
“The economic benefits go very deep. All
sorts of local and national businesses will
benefit from work associated with the
construction and our ongoing operations
– engineering, education, taxis, marine
industry, net makers, transport and hotels
and hospitality industry operators.”
He says the company also hopes to be able
to increase production to the point that
the industry can support a feed mill in New
Zealand with “huge downstream benefits”.
Anyone can make a submission to the
Board of Inquiry in writing and on the EPA’s
prescribed form. Submission forms are
available from www.epa.govt.nz, can be
downloaded from www.kingsalmon.co.nz
or can be requested by freephone on 0800
722 667.
Submitters need not provide all the
information to support their position until
the evidence exchange part of the process,
expected to be in late July. Hearings are
expected to start in mid-August.
Proud to be a Communication Sponsor of The Nelson Tasman Chamber of Commerce
“Commercial, Domestic, Life & Health Insurance – we have got it all
covered; have you?? Contact us now for a free, no-obligation quote.”
CROMBIE LOCKWOOD (NZ) LIMITED
14 Oxford Street, Richmond Phone: 03 543 9021 Website: www.crombielockwood.co.nz
www.commerce.org.nz
5

Computing in the clouds
At WHK, more and more
of our clients are starting
to implement cloud based
technologies. But what does
the term ‘cloud computing’
actually mean in simple terms
and what are some of the
benefits and implications of
this technology?
Not as ambiguous as it sounds cloud
computing simply refers to an internetbased
computing service where users are
provided with access to servers, software,
applications, storage and networking via
the internet. That means the client does not
have a local server, a back up server, or any
of the software applications.
While this may sound a bit geeky, you
are probably already using cloud based
applications in some way: gmail, skype
and internet banking are all cloud
based applications.
Software providers, like Xero, are making the
most of cloud computing by providing user
friendly accounting solutions for clients. This
technology can simplify accounting work,
making the process simpler for both the
client and the accountant!
Here are some of the benefits of moving
your computing needs to a cloud:
• Cost effectiveness: cloud technology
can, in some cases, deliver considerable
savings on software, hardware, power
and support expenses.
• Easy to use: cloud technology is
generally user friendly and usually
just requires a computer, browser and
internet connection, resulting in very few
maintenance requirements.
• Accessibility: one of the major benefits
of cloud technology is that it can be
accessed anytime and anywhere, making
work a lot easier for employees who work
remotely.
• Security: many people have security
concerns when it comes to cloud
technology; however, with proper
physical security, anti-virus software,
and firewall protection your data is just
as safe as it would be using traditional
technology.
• Disaster recovery: using cloud
technology to backup data in an
alternative location allows crucial
information to be recovered quickly and
business operations to return to normal
as soon as possible.
• Sustainability: cloud technologies can
be better for the environment due to
reduced paper and energy requirements.
As with anything that’s new and a bit
techie it is normal for businesses to
have some concerns when thinking
about implementing this technology.
Unsurprisingly security, availability and
performance are the top concerns cited
by everyday business owners when
contemplating making the move to
cloud computing.
These are valid concerns as security
breaches, problems with accessing data and
reduced performance have been widely
reported in the media. However, experts
have described these issues as being ‘like
airplane disasters’ in that they happen
very infrequently: there are trillions of
transactions a day but you only hear about
the very few that go wrong!
For an easy move to the cloud and to make
the most of what this new technology has to
offer, ensure that you get sufficient support
and advice from trained IT professionals.
If you would like input from WHK on how
to move your accounting requirements to a
cloud based service like Xero, please contact:
Leanne Anderson
ph 03 548 2139
email leanne.anderson@whk.co.nz
Make Better Business Decisions
Call us TODAY to find out how!
72 Trafalgar Street
20 Oxford Street
T 03 548 2139
www.whk.co.nz nelson@whk.co.nz
better advice for a better life
6
Commerce Comment

NMIT students help strengthen China
friendship
Nelson Marlborough Institute of
Technology is strengthening its
relationship with China thanks
to a little help from its students.
NMIT has selected two Bachelor of
Information Technology (IT) and three
Bachelor of Commerce students for a
three-week trip to China this month where
they will assist NMIT tutors in the delivery
of management and software development
courses at one of its sister universities -
Zhejiang Water College in Hangzhou City.
NMIT Management lecturer John Inglis
says it is the third year students have
accompanied tutors on the annual trip and
the first time IT students have been included.
“It is a chance to showcase NMIT’s brightest
talent in the emerging Chinese market
while rewarding top students with a unique
learning opportunity,” John says. “The trip
opens their eyes to a new culture, gives
them confidence in coping with different
situations and shows them the opportunities
that exist. It’s a brilliant experience –
especially for our business and IT students
who will work in a globalized economy.”
Bachelor of Commerce student Melissa
Withers is among those selected for the trip.
The 24-year-old has never visited China but
has been reading up about the country.
“It’s going to be a really interesting and
fun experience. China is such a rapidly
expanding country with a fascinating culture
- there’s so much to learn.”
She is looking forward to experiencing a
new culture and sharing her knowledge and
expertise with her Chinese counterparts.
Left to Right: Melissa Withers, Tessa Hancock, Cameron Noble, John Inglis, NMIT Business Tutor, Mary Proctor, Business Services
Programme Area Leader, Yulelani Murray and Tim Macintosh.
The trip is paid for by NMIT at a cost of
around $3000 per student, including travel
and accommodation expenses. As well as
assisting with the management course the
students will visit Shanghai and explore
Hangzhou City, which has a population
of about 8 million and is built around an
expansive man-made lake.
IT student Tim Macintosh is also off to China
for the first time. In his final year of a three
year Bachelor in Information Technology
degree, majoring in web and software
development, he hopes the experience will
improve his chances of securing a job at the
end of the year.
“Employers will hopefully see it shows
you’re prepared to go out of your
comfort zone and see things from
another perspective.”
Zhejiang Water College is one of three
Chinese universities that NMIT has
established a successful international
partnership with. NMIT delivers programmes
at the universities and the Chinese students
also come to New Zealand to study at NMIT’s
Nelson and Marlborough campuses.
“By developing strong relationships
with these universities NMIT is helping
bring Chinese students to the Nelson
Marlborough region,” John says. “As
the global education market is highly
competitive, these types of initiatives can
give us an edge.”
For Tim, one of the highlights of going
to China will be having the opportunity
to share everything he has learned so far
through NMIT.
“I hope to bring my knowledge, enthusiasm
and a bit of fun to the lessons in China. I’ve
really enjoyed my time at NMIT and feel
extremely privileged to be able to give
something back through this experience.”
See nmit.ac.nz
or call 0800 422 733
for more information
See nmit.ac.nz
or call 0800 422 733
for more information
COME AND JOIN OUR YOUTUBE CHANNEL, TWITTER AND FACEBOOK PAGE, SEARCH NMIT
COME AND JOIN OUR YOUTUBE CHANNEL, TWITTER AND FACEBOOK PAGE, SEARCH NMIT

Annual Report: 2011 in Review
2011 has seen the Chamber position itself more
closely at the centre of business activity in the
region. As a result, membership has remained
strong (at around 500 businesses), the levels
of attendance at functions and events has
remained high, and we introduced a new series
of workshops and information sharing sessions
for business owners.
The attached graphs illustrate the strength of the Chamber – with
a stable membership (44% of our members have been with the
Chamber for over 5 years) representative of the businesses in our
region (83% of members are true “SME” businesses, with less than 11
full time staff). Levels of engagement by members continues to climb,
with the attached graph showing average attendance levels at the
BNZ Partners Business After Five reach 87 business people!
There was plenty of fun last year, including over 700 businesses
participating in the Long Lunch down the centre of Trafalgar
Street. And there has been plenty of hard work on key issues
facing the region. The refocusing of our advocacy work through an
Infrastructure Group (chaired by Gary Stocker, Knapps Lawyers) and
the on-going work of the Regional Issues Group (chaired by Mike
McMellon, Pitt & Moore) has seen significant challenging of local
government priorities and a clearer voice for business.
A key issue has been the Local Government Commission’s
examination of the call for a combined Nelson Tasman District. The
benefits of amalgamation from a business point of view are clear –
certainty and consistency of decision making based on one regional
plan will lead to cost savings for business owners, better take up
of regional opportunities and minimisation of duplication of effort.
Whatever the final governance arrangements, the Chamber will
continue to advocate strongly for business and work to achieve a
more business friendly environment.
The late Sir Paul Callaghan, the keynote speaker at Aspire 2011,
inspired conference attendees to ensure our region is a place where
talented people choose to live. That challenge has underpinned
much of the Chamber’s advocacy role this year as we have focused
on ensuring Council use of rate payer funds is focused on creating an
environment conducive to business investment and prosperity.
The redesign of our website in 2011, commerce.org.nz makes it easier
for members and the wider business community to access the latest
business information, identify where to go for advice and find out
the services offered by our members. The business directory has
emerged as the most visited page and the upgrade listing available
makes those members stand out.
Another significant development in 2011 was the partnership with
the Marlborough Chamber of Commerce and the Nelson Regional
Economic Development Agency, to become the Regional Business
Partner for the Top of the South. Our role is to work with business
owners to improve their business capability and achieve their
growth plans. Over 100 businesses took advantage of the free
business assessment and the “Where to” Workshops and we issued
38 vouchers for business capability training. Our sincere thanks to
the experienced business people who have shared their expertise
at these workshops – Mike McMellon, Rob Lane and Nick Mason
from Pitt & Moore, Chris Butler from CB Marketing, Ian Williams,
Summary of 2011 Membership Length
Average attendance at bnz partners
business after 5
one to
five years
37%
Less than
one year
19%
100
80
60
40
ten+
years
six to
ten years
26%
20
8
18%
Commerce Comment
0
2007 2009 2011

Testimonials
Alan Hinton and David Hill. Thanks also to the support from Paul
Rosanowski of WHK with our “mobile business assessment” service.
The 24th Business Awards were once again a showcase of business
excellence in the region – with Jennian Homes taking out the
Westpac Supreme Award in the face of very strong competition from
all categories. Thank you to Westpac, principal sponsor and to all the
Business Awards sponsors and to the judges, Rob Howie (Westpac),
Alan Hinton, Gary Stocker (Knapps Lawyers), and John Inglis – who
after many many years of judging the awards has taken a leave
of absence!
2011 has been another challenging year and the Board and CEO
thank the staff for their on-going enthusiasm and energy. The
Chamber is especially grateful for the support of all our sponsors.
Particular tribute is paid to our cornerstone sponsors – Air Nelson,
Bowater Motor Group, Gen I, The Nelson Mail, Port Nelson and WHK.
Your steadfast support for the Chamber has enabled us to deliver real
benefits for our members and for the wider business community.
2012 is shaping up to be a year full of promise and the Chamber looks
forward to working with you to achieve your business goals.
Gerard Praat President
Dot Kettle Chief Executive
The confirmed board members for the 2012/2013 year are:
Gerard Praat President Gillian Wratt Board Member
Craig Dennis Past President Darryl Wilson Board Member
John Murray Vice President Lees Seymour Board Member
Chris Bowater Board Member Patrick Smith Board Member
“I have been working with the Chamber in Nelson since
the beginning of my business Oxygen Skincare, which has
now been operating for three years. I have always found
the staff a great friendly group whom are always willing to
help whenever they can, its great to have a resource like the
Chamber to gain help, knowledge and assistance within the
business arena, and at the Chamber no request is ever too
big or to small, a great team all with a good knowledge of the
business environment.”
– Alana Riley, Oxygen Skincare Ltd
“Becoming a member of the Nelson Tasman Chamber of
Commerce has been invaluable for my business. Attending
Chamber events has raised the profile of Jennian Homes
within the business community and created new
opportunities for growth and enterprise.“
“My staff and I have benefited from the networking
opportunities and motivational speeches by business leaders
offered at Chamber events.”
“Winning three awards at last year’s Chamber Business
Awards has really set us apart from our competitors, and
we continue to benefit from positive referrals within the
business community.
I encourage every business to participate in the annual
awards. The process offers a valuable insight into your
business and areas for improvement. My business continues
to reap the benefits year on year.”
– Simon Collett, Jennian Homes
2011 members’ staff numbers
forty+
Staff
7%
sole trader
33%
“Pitt & Moore has a long standing relationship with the Nelson
Tasman Chamber of Commerce. We value the Chamber’s
work in promoting and advancing the interests of business
in the Nelson Tasman Region. We acknowledge the benefits
that come from membership and recognise that the greater
your involvement with Chamber activities, the greater those
benefits are. Pitt & Moore is a Communication Sponsor for the
Chamber and in 2011 sponsored Chamber initiatives giving
local business the opportunity to leverage off international
rugby at Trafalgar Park.”
eleven
to forty
staff
10%
two to
ten staff
50%
Michael McMellon, Partner Pitt & Moore
“Being a member of the chamber - it was a no brainer really.
Like minded business people associating and doing business
with each other. Gaining the respect and trust that can only
be done face to face which leads to opportunities. You then
get the chance to prove yourself. All these little steps become
easy being a member of the Nelson Tasman Chamber of
Commerce with fantastic support from the chamber team.”
Paul Brockie – Brockie Renovations Ltd, Absolute Energy Ltd
www.commerce.org.nz
9

Members as at 30 December 2011
@ web one
5 Star Promotions Limitied
80 Minute Game Ltd
A W Trinder Ltd
A1 Homes Tasman
Abel Tasman Tourism & Kayaking
About ‘N Out (Nelson) Ltd
Absolute Energy Ltd
ACC
Access Homehealth Ltd
Accounting Tasman Limited
Achilles Properties Ltd
Action Entertainment Centre
Action Forest Management Ltd
Active Electrical
A-Flex Technology (NZ) Ltd
Agbio Research
Agronica New Zealand Ltd
Air Nelson Ltd
Air New Zealand Ltd
All About Assistance
Allied Work Force Nelson Ltd
AMP Powerhouse Financial Services
Anatoki Salmon
Anchor Press Ltd
Andy Cornelius Physio
Anne Michelle Hair Free Clinic
ANZ Banking Group (New Zealand) Ltd
AON Risk Services Nz Ltd
APL Property Nelson Ltd
Arrow International Ltd
Arthouse Architecture Limited
ASB Bank
Astrolabe Fashions
Automation Assist Ltd
Avid Languages
BA Monopoli
Baldwins
Barbara Dunn Media & Communications
Bar-B-Cruise Company
Barbican Training Centre Ltd
Barjen Agencies
Bartercard NZ Ltd
Basecamp Outdoors Limited
Bay Tours Nelson Ltd
Bays Apparelmaster
Bays Boating Limited
Benge & Co Green Grocers
Berryfruit Export Nz Ltd
Bidvest Foodservice
Biking Nelson 2007 Ltd
Bite Me Foods Ltd
Black Sheep Touring Company
Blinc Catering
BlueBerry IT
BNZ Partners
Boulder Apparel Ltd
Bounty Cuisine
Bowater Honda
Bowater Toyota
Bradley Nuttall Nelson Ltd
Brightwater Group
Brightwater Vineyards Ltd
Brockie Renovations
Brook Waimarama Sanctuary Trust
BS Services Ltd
Bunnings
Business Development Company Ltd
Business Intelligence NZ Ltd
Business Management School
C & F Legal
Café Olive
Cardells
Career Services Rapuara
Careers In Progress
Caroline Crick Photography
Carpet One
Carran Miller Ltd
Catamaran Sailing Charters
Cawthron Institute
CB Marketing
Chapman Employment Relations
Cheapskates
Chocolate Dog Limited
Cina Solutions
Citi Heat & Cool
City Fitness Nelson Cbd
Cleaning Technology Nelson
Clever Me (NZCU South)
Cognita AV Ltd
Cold Storage Nelson
Columbus Coffee Nelson
Combo Marketing Ltd
Comconsult Technology Information Ltd
Computer Competence
Computer Concepts
Conferences & Events
Cooper Webley
Corporate Hangings
Credit Recoveries
Crest Commercial Cleaning
Crighton Anderson Property
Crombie Lockwood (NZ) Ltd
Crown Relocations
Cruellas Natural Fibre Boutique
Dairy Farm Consulting Ltd
Dames
Datacom Systems
David Sherriff Ltd
Dawson & Associates Ltd
Debra Lithgow
Department of Conservation
Design Windows
Deville
Dickson Marine Refits Ltd
DJCA Limited
Dowie Continental
Downing Design Ltd
Dry Crust Communication Ltd
D’S Consulting Ltd
Duke & Cooke Ltd
Duncan Cotterill Solicitors
Dynamic Business Limited
Eden Foundation Trust
EIS
Elizabeth Owens
EMA Legal
Enhanceskin
Envisage Design Ltd
ENZA - Turners & Growers
Equity Homes
ETC Communications
European Marble Heating Ltd
Ewing Poultry Ltd
Executive Limousines Nelson Ltd
Eyebright Enterprises Ltd
Fanselow Bell
Farewell Spit Eco Tours
Fashion Island Group
Federated Farmers of NZ Ltd
Fertilizer NZ Ltd
Fico Finance
Fig Tree Design
First National Real Estate Nelson
First NZ Capital Securities Ltd
First Security Nelson
Fletcher Vautier Moore
Flying Kiwi Adventure Tours
Forsyth Barr
Founders Brewery & Café
Founders Heritage Park
Fraser Macandrew Ryan Ltd
Fuji Xerox
Fulton Hogan Ltd
Fuse IT New Zealand Limited
Gardiner Group
Gen-I Nelson
Genratec (Nz) Ltd
Get Sorted
Glendenings Ltd
Glenn Roberts Electrical (Nelson) Ltd
Global Magnet Website Design
Global Soap NZ
Golden Bear Brewing Company
Golden Homes
Goldpine Industries Ltd
Got It Covered
Gourmet Sailing - Nelson Charters Ltd
GrabOne.co.nz
Graham Thomas Resource Management
Grand Mercure Nelson Monaco
Gravoto - Living Design
Green Square
Gusto Design
Hamish Fletcher Lawyers
Hampidjan New Zealand Ltd
Happy Valley Adventures
Harvey World Travel Mid City Nelson
Havens of Nelson
Hawke Films
Hay & Associates
Heartland Fruit
Helipro
Hertz Rent A Car
Higgins Fencing Contractors
Hirepool Ltd
Holiday Nelson Marlborough
Honda New Zealand
Horteye Ltd
Hothouse Communications Ltd
House of Travel Nelson
House of Travel Richmond
Hybrid Homes
I J Alexander Ltd
I Spy Ltd
Ina Schulze Steinen Graphic Design
Industrial Marine Electrical
Inova Group
Interface Financial Group
Interiors 37 Ltd
Internet Marketing Experts
Ionza Ltd
JA Levenbach BA LLB
Jacks Tyre And Performance
Jamieson Harvey & Associates
Jays On Bridge
Jazz Graphics
Jennian Homes Nelson Bays Ltd
Jens Hansen Gold + Silver
Jerram Tocker Barron Architects Ltd
Jester House
Joanne Richards Design
John Murphy & Associates
John West Surveys Ltd
Johnston Associates
Kahurangi Estate Ltd
Kernohan Engineering Ltd
Kidpower,Teenpower,Fullpower Trust
Kingsgate Beachcomber Motor Inn
Kip McGrath Education Centre
Knapps Lawyers
Korenz Consulting
Kudos Food Design
Land Dimensions Ltd
Laser Plumbing
Leighs Holdings
Life Education Trust Nelson Tasman
Liquor King Nelson
Lockwood
Lucid Design
Lydia’s Café
Lynfords Furniture
Machine & Tool Co Ltd
Madcat Ltd
Mainland Claims Management
Mandy Computing Ltd
Mapua & Districts Business Association
Mapua Trading Company Ltd
Mariposa Nelson
Marketing Essentials
Marsden House Funeral Directors
McGlashen Pharmacy
Media Works Nelson
Melrose Historic House Society
Mike Eggers Ltd
Milnes Beatson Ltd
Mincorp Group
Mitre 10 Mega Nelson
Mondo Travel Richmond
Morrison Street Café
Motueka Floral Shop
Motueka Top 10 Holiday Park
Mount Campbell Communications Ltd
Moutere Hills Community Centre
MS Ford
MTF Direct Finance
MWH New Zealand Limited
MyTax.co.nz Limited
Name Plate Engravers “The Emporium”
Nelmac Ltd
Nelson Airport Ltd
Nelson Aquatics Ltd
Nelson Building Society
Nelson City Council Festivals
Nelson City Taxi Society Ltd
Nelson Diocesan Trust Board
Nelson District Motel Association
Nelson Environment Centre
Nelson Escapes Tourism Agency Ltd
Nelson Forests Ltd
Nelson Heating & Cooling
Nelson Honey & Marketing
Nelson Labour Regional Office
Nelson Market
Nelson Marlborough District
Health Board
Nelson Laundry
Nelson Marlboorugh Insitute
of Technology
Nelson Packaging Supplies Ltd
Nelson Personal Financial Planning Ltd
Nelson Pine Industries Ltd
Nelson Pizza Hut
Nelson Powder Coaters
Nelson Region Hospice Trust
Nelson Regional Economic
Development Agency
Nelson Retail Institute
Nelson School of Music
Nelson Tasman Bed &
Breakfast Association
Nelson Tasman Business Trust
Nelson Tasman Cycle Trails Trust
Nelson Tasman Tourism
Nelson Tile & Slate Centre Ltd
Nelson Weekly
Nelspecs Ltd
Network Tasman Ltd
Neudorf Dairy
Neudorf Vineyards
New Vistas Ltd
New Zealand Genealogy Ltd
New Zealand Hops Ltd
New Zealand Red Cross
New Zealand Trade and Enterprise
New Zealand Video Production Ltd
Newton Survey
Ngati Rarua Atiawa Iwi Trust
Nick Smith MP Nelson
NJ Business Services Ltd
NW Designs
NZ Boat Sales
NZ Customs Service
NZ Drug Detection Agency
NZ Institute of Chartered Accountants
NZ Post
NZ Post (Mail Centre)
NZ Travel Brokers Nelson
Office Max
Offset The Rest Ltd
Oliver Weber Photography
On-Cue Conferences & Events
One Smile Magazine
Onzamap
Optimise Ltd
Opus International Consultants Ltd
Orange Building Group
Our Town Motueka
Oxygen Skincare Company
Page & Blackmore Booksellers
Paper Plus Nelson
Patrick Smith Human Resources Ltd
PBT Nelson
PC Systems
Penrose Property Management
Pesca Pacific
Peter A. Johnson & Associates Ltd
Peter Olorenshaw Architect
Petite Fleur At Seifried Estate
Picot Productions Ltd
Pitt & Moore
Plant & Food Research
Port Nelson Ltd
Pottering About
Prego Mediterranean Foods
Prices Pharmacy Ltd
Printhouse Nelson Ltd
Pro Karts
Professional Secretarial Services
Promotion Media Nelson
Public Trust Office
RAG Initiative
Rainbow Reading
Ramazzini
Ray White Nelson
Ray White Real Estate - Debbie Cooper
Real World Business Solutions Ltd
Redwood Cellars
Rees Software & Systems Ltd
Rent A Dent
Res Works Limited
Results Gym
Richard Harden Investment Services
Richmond Fibreglass Ltd
Richmond Mall
Richmond Physiotherapy Centre
Richmond Unlimited
Robertson Chartered Accountants
Rollo’s Outdoor Centre
Ross Benbow Summit Real Estate
Rutherford Hotel Nelson
Sales Ahead Limited
Sam Young Business Consultant
SANITI
Savage & Savage
SBA Nelson
Scott Construction
Sealord Group Ltd
Seereed Visual Communication
Seifried Estate Winery
Sharpies Golf
Shell Halifax
Shine People Consulting Ltd
Signz & Graphix
Silks & More Imports Ltd
Simply New Zealand Ltd
Simply Wild
Slope Solutionz
Smart Careers
Solander
Solar City
Solutions Plus Tasman Ltd
South Pine (Nelson) Ltd
Southern Wilderness
Spazio Casa
Speedy Signs
Sport Tasman
Spraggs Group Ltd
SSL Spotless Services (NZ) Ltd
St John Ambulance Nelson
Staig & Smith Ltd
Stephanie Millar Lighting Design
Stewarts Avanti Plus Nelson
Stillwater Gardens Retirement Village
Storage World NZ Ltd
Strawberry Sound
Stressless
Study Nelson
Sturrock & Greenwood Ltd
Subway Nelson
Succulent Spit Roasters
Sunrise Cleaning Services (Nelson) Ltd
Suretyplus
Synergistic Well-Being Ltd
Tahuna Beach Camp Inc
Tailored Travel NZ
Talley’s Group Ltd
Tasman Bay Food Group Ltd
Tasman Bay Herbs
Tasman Bay Heritage Trust
Tasman Fundraising And
Development Ltd
Tasman Rugby Union
Tata Steel International
Taylors Contracting Co Ltd
Taylors We Love Shoes
Teamworks Nelson
Telfer Young (Nelson) Ltd
Telstra Clear Ltd
Teltrac Communications Ltd
Tempz Personnel Ltd
Tessa Mae’s With Attitude
The Black Cab Company Ltd
The Body Shop
The Cashflow Company Ltd
The Copier Company
The Enterprise Facilatator
The Grape Escape Marketing Trust
The Jewellers Wife
The National Bank Of New Zealand Ltd
The Nelson Historic Theatre Trust
The Nelson Mail
The New Zealand King Salmon
Company Ltd
The Property Shoppe
The Radio Network
The Resurgence
The Sea Kayak Company (Nz) Ltd
The Sellers Room Ltd
The Suburban Club
The Suter
The Vic Mac’s Brew Bar
Theatre Alive Nelson
Thepacific.Net Ltd
Thompson Daly & Co
Thorndale Contracting
Thrifty Car Rentals Nelson Branch
TNL International Ltd
Tonic Hairculture
Tonkin & Taylor
Top Of The South Continuous Spouting
Total Span Nelson
Totally Boating 2004 Ltd
Tower Financial Advisory
Trafalgar Lodge
Traffic Design Group
Trailways Hotel Nelson
Translog Services
Travel Managers Nelson
Trust Power Ltd
TSB Bank
Ubike
Uniquely Nelson
United Travel Nelson
Video Ezy Stoke & Nelson
Vinpro Nelson Ltd
Visique Harrington Eyecare
Vodafone New Zealand Limited
Waimea Estates (Nelson) Ltd
Waimea Nurseries Group
Wakatu Incorporation
Warm Sand Removals Ltd
Warwick House
Waypoints Aviation
Westpac
Whenua Iti Outdoors
WHK
Wild Footprints
Wild Tomato
Wilsons Abel Tasman
Woman Beauty Day Spa
Woollaston Estates Ltd
Work & Income
Workbridge
Workplace Support
Workstar
WoW & Classic Cars Museum
Your Company Matters Ltd
Zest 4 Life Ltd
Zumo Coffee Company
10
Commerce Comment

meet the members
Brockie Renovations
Brockie Renovations, formerly Paul Brockie
Builders Ltd, is Nelson’s most awarded
renovation specialist. Since 1995, this team of
professional builders, project managers and
sub-contractors has won eight regional and
two national Registered Master Builders House
of the Year awards specifically for alteration
projects, as well as multiple Registered Master
Builders House of the Year awards for new
home builds.
We work closely with you to ensure your
renovation plans are executed with the
utmost care and precision, and within budget.
Our reputation has been built on our core
values of professionalism, integrity, quality
workmanship and complete customer
satisfaction. Our success is a testament to how
well we deliver this promise.
Contact Brockie Renovations now for your
initial consultation, at no cost to you
Paul Brockie
Company Director
146 Pascoe Street
Tahunanui
P (03) 547 2524
E enquiries@brockierenovations.co.nz
W www.brockierenovations.co.nz
Emma Manhart
Behind the Designs
Emma Manhart is Nelson’s own colourful
fashion designer and her unique boutique on
Hardy St is now a cornerstone of the Nelson
fashion scene.
Women who wear Emma Manhart are drawn
to her rich use of colour and print, her well
tailored cut and the sense of fun and surprise
inherent in her garments. “For me the
excitement is in encouraging a woman to
try something she might not automatically
wear. My clothes help women to celebrate the
exuberant part of themselves that they may
have forgotten”
Menswear is next in Emma’s plan.
Inspirations:
• Andre Courreges, the futuristic French
designer (also an engineer)
• Christian Lacroix for his riotous use of colour
• Vivienne Westwood for her reinvented
tailoring
The Business ethos:
Emma Manhart designs and manufactures
in Nelson and sources locally made materials
wherever possible including NZ wool, and
works to minimise her carbon footprint. “For
me the pleasure is in having my business
where I choose to live. I believe that fantastic
fashion can be made anywhere in the world
because inspiration can and should come from
everywhere in the world”
‘’If I can do anything for fashion it is to design
garments that capture the imagination
of women and men waiting to express
themselves.’’ Emma Manhart
Emma Manhart
274 Hardy Street
Nelson
P (03) 548 0398
M 027 736 8034
E emma@emmamanhart.co.nz
W www.emmamanhart.co.nz
Event Audio
Event Audio is a Nelson owned and operated
company providing specialist audio services
and equipment to the Top of the South
region. This includes corporate presentations
and private functions, right through to large
concerts and festivals.
The company was set up to fill the growing
demand for professional sound systems and to
offer quality “plug and play” portable systems.
We realised traditional PA systems were overly
complicated and advances in technology mean
that modern systems now incorporate many
audio processes into a single unit. Not only is
this timesaving, but it allows clients to operate
basic equipment themselves and still obtain
professional results.
Event Audio cover all aspects of audio
presentations and can recommend a solution
with the right equipment and experienced
technicians. This includes modern LED stage
lighting facilities too. We also provide audio
installation packages for small through to
large venues.
Andrew and Kath Shellock
Directors
P (03) 545 7010
M 027 473 3159
E eventaudio@xtra.co.nz
W www.event-audio.com
www.commerce.org.nz
11

meet the members
Hedonista
• 100% Pure Botanical Fragrance
• Synthetic-Free and Alcohol-Free
• Proudly Made in New Zealand
We are one of only a handful of producers
worldwide who manufacture 100%
Natural perfumery.
Our contemporary range of unisex fragrances
are created using pure botanical extracts
to create synthetic free scent for the
fragrance connoisseur.
Hedonista Botanical Fragrances are beautifully
packaged and designed for the export market.
Hedonista - Smell Beautiful Naturally!
Sandra Anderson
Sales Manager
2/150 Tasman Street
Nelson 7010
P (03) 553 0101
M 021 257 5603
E sales@hedonistaperfumery.com
W www.hedonistaperfumery.com
Kate Coote P.A. Plus
Kate Coote P.A. Plus is a personal assistant
for the 21st century. I offer a range of services,
incorporating a wide skill base with particular
strengths in the fields of social media, website
development, website maintenance, design
and marketing.
I produce cost effective and self managed
websites utilising WordPress software which is
fast becoming the industry standard when it
comes to website frameworks.
I utilise free online marketing tools for my clients,
including Facebook, Twitter and MailChimp.
I also offer a full design service for your printed
business marketing requirements, from
concept to proofs to finished product.
My attention to detail means you can delegate
tasks, safe in the knowledge that these will be
carried out promptly and efficiently.
I offer a complimentary initial consultation,
so please feel free to contact me to discuss
your requirements.
Kate Coote
Owner
P.O. Box 233
Nelson
P (03) 545 2646
M 021 106 3970
E kate@katecoote.com
W www.katecoote.com
Liquorland Nelson
To us the right service culture is paramount
in our way of operating and we believe
that all customers are to be treated with
the respect they deserve. We have a
philosophy that the most important person
in our store is the customer and by following
through on this it will enhance your level
of enjoyment and customer satisfaction.
With an extensive range of products that
are accompanied with great specials and
good every day pricing, easy parking and
regular product tastings you will enjoy the
convenience and shopping experience we offer.
Liquorland has great pricing with over 200
specials going at any one time, so the chances
of your product of choice being cheaper than
normal is very good. For more information and
specials you can regularly check the Liquorland
website or visit us on facebook for a more
in depth look at what we are getting up to.
Gavin Snowball and Cheryl Scott
Owner/Operators
31 Vanguard Street
Nelson
P (03) 548 3052
M 027 590 8341
E manager.nelson@liquorland.co.nz
W www.liquorland.co.nz
12
Commerce Comment

meet the members
Pottering About
Pottering About is an art experience cafe that
is your place to create here in Nelson. We offer
a wide range of creative activities such as paint
your own pottery, specialist workshops and
School Holiday Camps. Our cafe stocks a wide
range of delicious savoury snacks, delightful
cakes, and fair-trade, organic, carbon neutral
Celsius coffee to lubricate your imagination.
Pottering About is a great place for a day
out with the family or for a work night out
to celebrate a special day or to bring the
team together for some arty fun. As well as
walk in activities we offer regular program
of workshops in subjects such as clay hand
building and mosaic making. The last Friday
of every month is ladies night, featuring
our never ending chocolate fountain. We
offer a warm atmosphere where everyone
is welcome and, we look forward to seeing
you for some creativity and cake.
Check out our gift area with locally-made
jewellery, funky gifts, designer gift wrap,
amusing cards and unique presents for all ages!
Steve and Rachel
Owner/Operators
38 Buxton Square
Nelson
P (03) 545 8041
E info@potteringabout.co.nz
W www.potteringabout.co.nz
Select Safety Wear
The Blackrock footwear range features a
blend of traditional and modern styling, day
long comfort and consistently high quality,
combined with excellent value for money. It
offers a consolidated selection of Safety boots
for general purpose with water resistant, sports
and contractor styles. We take quality seriously
and all styles are certified to BS EN ISO 20345.
Select Safety Wear are the only distributor
of Blackrock Safety Footwear in NZ and
are operating a mobile ‘try before you buy’
service to customers. Don’t suffer with guys
leaving site to go get their safety boots – give
us a call and we will go to them and ensure
the correct fit, or we can leave samples with
you!. With 11 different styles to choose from
and sizes 7 to 13 we can cater for all specific
tastes but still ensuring safety is paramount.
We believe giving customers an excellent
product combined with excellent service
at a great price is a winning combination.
Rachael Fraine
Owner/Operator
M 027 218 8773
E rachael@selectservices.co.nz
Viaduct Eftpos
Viaduct is the Nelson/Tasman region’s
preferred eftpos company. We help customers
to find the right solution for their payment
needs at the best possible price.
How can Viaduct help my business?
• By making it easy to get eftpos in your
business – we talk your language and also
that of the banks, meaning we can help get
you up and running as soon as possible
• Spoilt for choice - we have access to
every compliant EFTPOS solution at New
Zealand’s best prices… Guaranteed!
• 24 hours 7 days a week - Our Technical
helpdesk is at your service; anytime,
anywhere, should you have a problem with
your terminal.
• We offer flexibility with contract lengths
and offer a variety of payment options.
• Easy Switch Guarantee – change to Viaduct
for eftpos and we guarantee that you will
not lose your eftpos service at any stage
during the changeover period.
Ged Svarc
6 McGlashen Ave
Richmond
P (03) 543 9295
M 027 499 5286
E ged@viaductnz.co.nz
W www.viaductnz.co.nz
www.commerce.org.nz
13

Defamation in the Electronic Age
Given the recent high profile
defamation claim by Chris
Cairns against a Mr Lalit
Modi arising from a single
“tweet” sent by Mr Modi, it
is worthwhile reviewing the
risks of defamation in the
electronic age. Some people
have the misconception that
the rules of defamation don’t
apply to the Internet. Another
common misconception is that
defamation is only relevant to
the rich and famous and need
not concern ordinary folk.
By way of general background a defamatory
statement is one which falsely discredits
a person and exposes them to ridicule. A
business can also be defamed. One of the
most common grounds of defamation
actions arise from imputations that a person
is incompetent or unfit for a job or role. Even
claims that a person is lazy or shirks their
duty have been found to be defamatory.
One requirement for defamation is that the
words are published. Some people think
that this only refers to newspapers or the
like and that statements disseminated
over the Internet are somehow different
because of the open culture of the Internet
which protects more robust discussion
and comments than traditional media. The
Courts have been very clear in rejecting this.
The rules of defamation apply every bit as
much to comments posted online as on the
printed page.
In fact Internet based defamation can be
a lot more dangerous than conventional
sources given the almost infinite ability to
republish and disseminate comments (as
Mr Modi seems to have found out given
the impact of his single tweet). Defamation
on the net occurs at the time and in the
place where the defamatory material is
downloaded. Accordingly you can find
yourself sued in any number of countries
based on what you consider to be your New
Zealand web page or forum. All of these
issues apply equally to comments posted on
Facebook and other social media.
The other popular misconception is that
defamation is some sort of rich man’s game
that only applies to well known actors,
politicians, or sports people. It is true that
many actions do involve these players and
that they seem to meander through the
Courts for many years until everyone has
forgotten about the original insult and
everything is settled behind closed doors.
However defamation can apply to everyone,
and (as the comments above referring to
incompetence or the like show) can apply
to what might appear to be relatively
innocuous comments.
There can also be a real sting in the form
of damages for actions between ordinary
people. For example one New Zealand
decision involved an argument between
two taxi drivers where one taxi driver said,
in the hearing of other drivers on the rank,
that an innocent taxi driver had paedophile
convictions. Even although it was only
published to a very limited number of
people (those taxi drivers who overheard it)
the defamer had to pay his innocent victim
$40,000 in damages.
Accordingly if you are ever tempted to post
negative comments about anyone, or any
business, on the Internet think long and
hard about it. If you still want to do it, make
sure that your facts are correct. If you are
expressing an opinion, make sure you set
out the facts that that opinion is based on,
and that it is a reasonable expression of an
opinion. Preferably take legal advice first.
Contact:
Marty Logan
Associate
ph 03 548 8349
email marty.logan@pittandmoore.co.nz
web www.pittandmoore.co.nz
Nelson Ph 03 548 8349 Richmond Ph 03 543 9090
14
Commerce Comment

The Importance of Saving
Sue Buparai (Partner)
Nelson Marlborough &
West Coast
The fundamentals of banking
are to gather in money from
Savers, and loan it out sensibly
to Borrowers.
Banks / financial institutions pay interest to
their Savers, and collect interest from their
Borrowers - with the basic premise being
that the differential between these 2 interest
rates covers the running costs for the bank
and returns a profit to the shareholders (just
like any business!).
Unfortunately, due to a historic lack of
savings culture in New Zealand there is a
savings imbalance in New Zealand. So BNZ
(like other banks in New Zealand) relies on
finding nearly 40% of the money it lends to
homeowners and businesses from overseas
savers to help keep New Zealand working.
The Reserve Bank of New Zealand (and
the banks themselves) have recognised
this reliance, which was bought to the fore
during the Global Financial Crisis. Overseas
savers that were willing to lend to New
Zealand banks demanded a premium for
doing so, which meant that there was a
knock on impact of higher interest rates
to New Zealanders with loans during this
period.
On the positive side Savers in New Zealand
were rewarded more handsomely with
attractive interest rates on Bank Term
Deposits as banks encouraged New
Zealanders to save more.
Although the tide is turning with businesses
and households deleveraging (paying off
debt) i.e. household debt has reduced from
154% of GDP to 144% of GDP over the last
3 years, there is still a need for an increase
in savings.
Why save?
Savings need to be an important part of
everyday life because they allow businesses
and households to accrue for unforeseen
or emergency expenses, budget for large
cash outflows (i.e. tax payments, family
holidays, weddings), build the equity in your
personal balance sheet or business, help
contribute towards funding future projects
(business expansion/home improvements),
and provide a buffer or cushion to help you
through the hard times.
Ultimately savings are on-lent by banks to
New Zealanders for new business ventures,
expansions and hence contribute towards
the growth of the New Zealand economy.
It’s not just if we’re saving; it’s
where we are saving…
Another useful lesson that savers have
learned from the spate of finance company
collapses in New Zealand is not just to
save per se, but to research more carefully
where they choose to save their money.
Credit Ratings are one signal of the
financial capability or creditworthiness of
a bank / financial institution. These ratings
demonstrate the capability of a bank /
financial institution to meet its financial
obligations as they fall due, for example;
when savers want to withdraw their
money the bank / financial institution has
sufficient loan repayments coming in from
its borrowers and available liquid assets
to ensure this can happen. The strength
of a financial institution can be used to
give an approximate likelihood of default,
and RBNZ’s ‘Know Your Credit Ratings’
paper illustrates this succinctly. An AA
rated institution (i.e. comparable to BNZ’s
AA- rating) has a probability of a 1 in 300
chance of defaulting over a 5 year timeframe.
Comparing this to a BBB rated institution
increases the probability of default to a 1 in
30 chance over the same 5 year time period.
So, as a saver, you’d be wise to think carefully
about the risk involved in where you actually
choose to keep your savings.
How BNZ can help
BNZ continues to drive a savings culture
in New Zealand by offering fee free
savings accounts for businesses, PIE
savings accounts and term deposits that
are subject to lower tax rates (subject to
income levels). Our Total Money offset
account bank account has helped New
Zealanders save $101m in interest charges
over the last 5 years. Our website has a
dedicated ‘Be Money Smart’ section and
our Banking Advisors are available in-store
to help with personal and small business
customers savings goals. In addition to this
my role in the BNZ Partners team is to foster
relationships and provide very competitive
deposit rates for larger cash investors.
So, to discuss putting a savings plan into
place, review your savings, or look at options
for putting your hard earned cash to work
for you in our competitive term deposits –
call into your nearest BNZ and we’ll discuss
how we can help you be better off.
Contact:
Sue Buparai
BNZ Partners
Nelson, Marlborough & West Coast
ddi 03 989 2740
mob 021 822 096
email sue_buparai@bnz.co.nz
Bank of New Zealand
Level 1, 226 Trafalgar Street, Nelson
www.commerce.org.nz
15

Events
2 May 2012 (7.15am for a 7.30am start)
Exporters Breakfast
In association with Port Nelson and Nelson
EDA. Focus on India.
Venue: Port Nelson Visitor Centre,
10 Low Street
8 May 2012 (5.30pm-7pm)
BNZ Partners Business
After Five
Hosts: Vodafone
Venue: Vodafone Retail Store,
Richmond Mall
Members only.
14 May 2012 (4.30pm-7.30pm)
Top Tips for
Networking Workshop
Presented by Stephen Caunter from the ANZ
National Bank
Venue: The Suburban Club
15 May 2012 (12pm-1.30pm)
WHK Chamber Luncheon
Venue: Trailways Hotel, 66 Trafalgar Street
Guest Speaker: Dr Alan Bollard
22 May 2012 (5.30pm - 7pm)
Bowater Motor
Group Business
Women’s Network
Hosts: Pottering About
Venue: Pottering About, 38 Buxton Square
Members only.
13 June 2012 (12pm-1.30pm)
WHK Chamber Luncheon
Venue: Trailways Hotel, 66 Trafalgar Street
Guest Speaker: Hamish Bell
To register for events
Go to www.commerce.org.nz under the
tab ‘networking functions’ or click through
directly from our e-newsletter, Click Update.
If you are not currently receiving this weekly
e-newsletter, please contact Trina at the
Chamber on 03 548 1363 or info@commerce.
org.nz.
Nelson Tasman
Chamber of Commerce
Aspire
2012
NelsoN TasmaN
Chamber of CommerCe
2012
business
awards
conference
Aspire 2012 - “Facing the
Future”
Date: Thursday 31 May 2012
Time: 9.30am – 5.00pm
Venue: Petite Fleur at Seifried Estate
Rates: Members Early Bird Rate $95 + GST
pAge 1 business awards Logo ConCepts
Non Members Early Bird Rate $120 + GST
(early bird prize draw closes 1 May - go into
the draw to win an iPhone 4s from Vodafone)
Register online www.commerce.org.nz
Aspire Conference is for everyone doing
business in our region. “Facing the future”
provides insights into some of the key
business challenges and there will be plenty
of time to share experiences, connect
with others and look at how we meet the
challenge of ensuring talented people choose
to live and work here. Key note speaker Sir
Ray Avery is the 2011 Most Trusted New
Zealander and 2010 New Zealander of the
Year. Sir Ray is a legend in both the scientific
and business worlds and is best known for
NelsoN TasmaN
making modern cataract surgery available to
the poorest of the poor. Sir Ray is described as
“an artist of innovation” and someone whose
“expertise and investment has done much
to change the country’s business landscape
for the better”: Nous, Autumn 2012. Sir Ray
describes himself as a “ringmaster, bringing
together the right people, marshalling
their ideas and keeping them on the right
track”. Sir Ray is an exceptional speaker and
will cover the role of science and innovation
for our future prosperity.
Other speakers include Richard Ballantyne
who will share his firms journey in facing the
future in Christchurch post- earthquakes,
Simon Stockdale who will look at impact of
changing technology on businesses and ways
to anticipate how technology will change
in the future and Terry Shubkin, CEO of the
Young Enterprise Trust in Wellington will
provide tips on how to engage with and
tackle the issues of youth employment.
Chamber
2012
of CommerCe
Chamber
2012
of CommerCe
business
awards
NelsoN TasmaN
business
awards
Business Awards 2012
Entries are now open
• Port Nelson Large Business Award
• Mediaworks Medium Business Award
• Radio Network Small Business Award
• The Nelson Mail Emerging
Business Award
Automatic entry into Wakatu Innovation
Award, The New Zealand King Salmon
Investing in People and Skills Award, the
Nelson Pine Industries Service Excellence
Award and qualify for the Westpac
Supreme Award.
Entries Close 28 September
Awards Black Tie Dinner 2 November 2012
Tickets for Black Tie Dinner $120 + GST for
members, $150 + GST for non-members
includes 3 course meal, refreshments
and entertainment.
principal sponsor
major sponsors
contributing sponsors
NelsoN TasmaN
Chamber
2012
of CommerC
business
awards
Cancellation policy – 48 hours notice required
or a cancellation fee will apply.