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Miss World aspirant advocates education<br />
COMMUNITYLINK<br />
Fiscal Policy aims to reduce child hardship<br />
Chandan Ohiri<br />
The centrepiece of Budget<br />
<strong>2015</strong> is a package<br />
aimed at reducing child<br />
‘hardship.’<br />
Worth $790 million over four<br />
years, the package has $25 per<br />
week increases in bothbenefits and<br />
student allowances for families<br />
with children, a modest increase<br />
in Working for Families for low<br />
income families, and an increase<br />
in the Childcare Assistance rate<br />
for low income families.<br />
The package comes with new<br />
obligations attached; based on the<br />
government’s belief that getting<br />
beneficiary parents into work<br />
is the best way to reduce child<br />
hardship.<br />
Most sole parents and partners<br />
of beneficiaries must be available<br />
for work when the childturns three,<br />
rather than five as at present,and<br />
all beneficiaries with part-time<br />
work obligations will be expected<br />
to work 20 hours per week rather<br />
than the current 15 hours.<br />
Beneficiaries receiving Sole<br />
Parent support will now have to<br />
reapply for their benefit every<br />
year.<br />
There are new measures to<br />
tackle child support debt and<br />
encourage parents to pay what<br />
they owe for their children. Some<br />
or all of the penalty debt will be<br />
forgiven in certain circumstances<br />
(such as where liable parents<br />
are meeting current payment<br />
requirements).<br />
For home buyers and investors<br />
On the demand side, a suite of<br />
tax measures announced ahead of<br />
the Budget requires all buyers and<br />
sellers of property other than the<br />
family home to provide an IRD<br />
number.<br />
This imposes identity<br />
requirements on non-resident<br />
buyers and introduces a new<br />
‘brightline’ test that will typically<br />
see investment property taxed for<br />
capital gain if on-sold within two<br />
years. A withholding tax on nonresidential<br />
investors is also being<br />
considered for introduction in<br />
mid-2016.<br />
On the supply side, Budget<br />
<strong>2015</strong> includes $52 million to<br />
facilitate housing development<br />
on Crown-owned land in<br />
Auckland,$35million to support<br />
the Social Housing Reform<br />
Programme, and $48million<br />
targeted at improving Maori<br />
housing outcomes.<br />
The Crown has also previously<br />
announced that the Tamaki<br />
Redevelopment Company will<br />
build around 7500 new houses in<br />
East Auckland.<br />
For Travellers<br />
There is a new Border Clearance<br />
Levy of around $16 for arriving<br />
passengers, and $6 fordeparting<br />
passengers, to fund passengerrelated<br />
biosecurity and customs<br />
activities.<br />
For Business<br />
The Budget provides for<br />
reductions in ACC levies worth<br />
$375million in 2016, and<br />
additional $120 million in 2017.<br />
It also envisages an increase of<br />
$80million over fouryears to R&D<br />
growth grants. Private Research<br />
Institutes will receive $25 million<br />
over three years to fund their<br />
research programmes.<br />
KiwiSaver incentive goes<br />
The Budget seeks to remove the<br />
‘kick-start’ incentive payment of<br />
$1000 under KiwiSaver Scheme,<br />
although there is no change to<br />
the annual government subsidy<br />
or employer contribution rules.<br />
These changes do not affect<br />
existing KiwiSaver holders<br />
and, with 2.5 million New<br />
Zealanders already signed up, the<br />
Government’s assessment is that<br />
removal of the kick-start payment<br />
will not substantially change the<br />
uptake rate.<br />
Social services<br />
Finance Minister Bill English<br />
has announced an increase of<br />
$1.7 billion over four years for<br />
public health services, particularly<br />
targeting elective surgery,<br />
palliative care, orthopaedic<br />
conditions and bowel cancer<br />
screening. He has also increased<br />
about $50million to develop<br />
Whanau Ora. The Budget provides<br />
$8.5 million for intensive case<br />
management of beneficiaries,<br />
as a part of the government’s<br />
‘Investment Approach’ to social<br />
spending.<br />
For students<br />
Early Childhood,Primary and<br />
Secondary Education will receive<br />
$63million over four years for<br />
special education, a 1% boost to<br />
school operating grants, and 300<br />
extra Trades Academies places.<br />
This would be a part of the new<br />
spending of $443million.<br />
Tertiary Education will receive<br />
$112million of funding, targeting<br />
tuition at degree level;and raising<br />
the profile of engineering growth<br />
in Maori and Pasifika trades<br />
training among other measures.<br />
Mr English has allocated $100<br />
million capital for rebuilding<br />
science facilities within the<br />
Lincoln Hub Redevelopment<br />
Programme in Christchurch.<br />
Infrastructure Allotments<br />
The government will spend<br />
an additional $108 million over<br />
four years to support progress in<br />
developing the Anchor Projects.<br />
KiwiRail will get additional<br />
capital of about $200 million per<br />
year over the next two years, while<br />
regional highways will receive<br />
$97 million. Budget <strong>2015</strong> has also<br />
allotted $52 million to replace the<br />
Waitangi Wharf on the Chatham<br />
Islands, $40 million for urban<br />
cycle ways and$40million capital<br />
investment in Te Papa’s buildings.<br />
Chandan Ohri is IT Advisory<br />
& Consultancy Partner and<br />
India Market Leader at KPMG<br />
based in Auckland. KPMG New<br />
Zealand is the Sponsor of the<br />
‘Best Accountant’ Category<br />
of the <strong>Indian</strong> <strong>Newslink</strong> <strong>Indian</strong><br />
Business Awards <strong>2015</strong>.<br />
<strong>Indian</strong> <strong>Newslink</strong> <strong>June</strong> 1, <strong>2015</strong><br />
Volunteer<br />
expo opens<br />
job doors<br />
Trish Fleetwood<br />
25<br />
Volunteering is now seen by many employers<br />
as an essential component of an employee’s<br />
CV, and Massey University students got an<br />
opportunity recently to see howthey can<br />
make a difference at the annual Volunteer Expo.<br />
The Volunteer Expo was held on the Massey<br />
University campuses in Auckland and Manawatū on<br />
May 13, offering the chance for students and members<br />
of the community to chat with over 20 not-for-profit<br />
organisations to find out the best fit for their skills.<br />
Red Cross at the Expo<br />
Employers’ concern<br />
Volunteering is becoming important to employers.<br />
Employers have told us that one of the factors they<br />
look for on a CV is whether the potential candidate<br />
has volunteered their time and given back to the<br />
community.<br />
We have found that some of our students start<br />
volunteering and discover wonderful ways to add<br />
value to the organisations that employ them.<br />
Volunteering also enables people to develop<br />
networks, enhance self-esteem and gain insights into<br />
a range of career paths.<br />
We were delighted to host the Volunteer Expo at<br />
Massey University.<br />
The Red Cross was just one of the organisations at<br />
the Volunteer Expo on the Auckland and Manawatū<br />
campuses.<br />
Trish Fleetwood is Career Development Consultant<br />
at the Massey Univeristy Auckland Campus<br />
Open the door to<br />
Professional quality aluminium joinery<br />
NEW HOME JOINERY ◙ ADDITIONS ◙ RENOVATIONS<br />
CONSERVATORIES ◙ BALUSTRADE ◙ CUSTOM DESIGNS ◙ SHOP FRONTS<br />
NEW HOME JOINERY ◙ ADDITIONS ◙ RENOVATIONS<br />
CONSERVATORIES ◙ BALUSTRADE ◙ CUSTOM DESIGNS ◙ SHOP FRONTS