December 2023 - Bay of Plenty Business News
From mid-2016 Bay of Plenty businesses have a new voice, Bay of Plenty Business News. This publication reflects the region’s growth and importance as part of the wider central North Island economy.
From mid-2016 Bay of Plenty businesses have a new voice, Bay of Plenty Business News. This publication reflects the region’s growth and importance as part of the wider central North Island economy.
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DECEMBER <strong>2023</strong> VOLUME 7: ISSUE 12<br />
WWW.BOPBUSINESSNEWS.CO.NZ<br />
FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
BBN <strong>2023</strong>: YEAR IN REVIEW<br />
Alan Neben reviews the topsy-turvy year that was and<br />
tracks the big <strong>Business</strong> <strong>News</strong> stories <strong>of</strong> <strong>2023</strong><br />
Pages 6-7<br />
ROTORUA <strong>2023</strong> BUSINESS AWARDS<br />
For the glitz and glamour from the Tompkins Wake Rotorua<br />
<strong>Business</strong> Awards <strong>2023</strong> and a full list <strong>of</strong> award winners<br />
Pages 20-21<br />
NEW APPOINTMENTS<br />
Organisations ring in a swathe <strong>of</strong> changes across the<br />
<strong>Bay</strong> as <strong>2023</strong> draws to a close<br />
Pages 22-23<br />
BUSINESS LEADERS<br />
REVIEW <strong>2023</strong>/2024<br />
> SPECIAL FOCUS<br />
Each <strong>December</strong>, <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> <strong>News</strong> sits down with members <strong>of</strong> the business community<br />
and asks them about their experiences <strong>of</strong> the current environment. In this <strong>December</strong>’s Thought<br />
Leaders edition we hear from 12 prominent business people as they consider the prospects for their own businesses, their industry<br />
sectors and for the business community as a whole. See pages 8-19.<br />
Back row: Freddie Bennett – Titan Sky, Andrea Scatchard – Deloitte, Steven Matthews – Link <strong>Business</strong> Brokers, Lyndon Settle – Quayside Holdings, Ryan Storm – Royal Wolf, Andy Martin – Cooney Lees Morgan,<br />
Dr Wayne Beilby – PMG Funds. Front row: Kate Ashcr<strong>of</strong>t – Copeland Ashcr<strong>of</strong>t, Sarah Ashby – Jarden, Gareth Wallis – Tauranga City Council, Ezra Rentoul – Stratus Blue, Mark Wassung – Design Engine Architects.<br />
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2024<br />
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BOOK YOUR PROFILE IN THE 2024 EDITION NOW FROM AS LITTLE AS $295 + GST<br />
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For more information, please get in touch – info@bopbusinessnews.co.nz
2 BAY OF PLENTY BUSINESS NEWS <strong>December</strong> <strong>2023</strong><br />
> THE PORTER REPORT<br />
A monthly update on the business<br />
world from leading writer David Porter<br />
CONTACT INFORMATION<br />
PUBLISHER<br />
Alan Neben, Ph: 021 733 536<br />
Email: alan@bopbusinessnews.co.nz<br />
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Alan Neben, Ph: 021 733 536<br />
Email: editor@bopbusinessnews.co.nz<br />
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Times Media – Clare McGillivray<br />
Email: clare@times.co.nz<br />
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Email: pete@bopbusinessnews.co.nz<br />
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<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> <strong>News</strong> has a circulation<br />
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<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> Publications<br />
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www.bopbusinessnews.co.nz<br />
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OUR CROWDED SKIES<br />
> By DAVID PORTER<br />
I<br />
recall as a toddler being<br />
transfixed by the grainy<br />
black and white movies<br />
<strong>of</strong> humankind’s first explorations<br />
into space, culminating<br />
in the first landings on the<br />
moon.<br />
As we look up into our<br />
night sky, we may be deluded<br />
into thinking that we are still<br />
looking out onto a vast unexplored<br />
world.<br />
But leaving to one side the<br />
recently launched space telescope’s<br />
remarkable<br />
revelations<br />
<strong>of</strong><br />
the mysteries<br />
<strong>of</strong><br />
deep<br />
David Porter<br />
space, we have still managed<br />
to clutter up Earth’s near<br />
orbit to an amazing extent.<br />
According to a source published<br />
online, quoting the<br />
Index <strong>of</strong> Objects Launched<br />
into Outer Space – maintained<br />
by the United Nations<br />
Office for Outer Space<br />
Affairs (UNOOSA) – there<br />
were 11,330 individual satellites<br />
orbiting the Earth at<br />
the end <strong>of</strong> June <strong>2023</strong>. That is<br />
almost 40 percent up on January<br />
2022.<br />
That is in itself unsurprising<br />
given that 2022 saw the<br />
most objects ever launched<br />
into space in one year, with<br />
2,474 objects leaving the<br />
planet.<br />
However, as the report<br />
notes, in the first half <strong>of</strong> <strong>2023</strong><br />
there have already been more<br />
than 1,000 objects launched,<br />
so the numbers are likely to<br />
keep going up.<br />
Even here in New Zealand<br />
we can lay claim to our own<br />
space launch station, the<br />
Rocket Lab Launch Complex,<br />
located near Ahuriri<br />
Point at the southern tip<br />
<strong>of</strong> Māhia Peninsula.<br />
International<br />
protocols<br />
Keep in mind there are various<br />
international protocols<br />
involved in gaining permission<br />
to launch a satellite.<br />
But still, the growth in the<br />
industry is staggering. Since<br />
2018 there have been more<br />
objects launched into space<br />
than in the previous 60 years<br />
<strong>of</strong> the space industry.<br />
And according to Encyclopaedia<br />
Britannica fact checkers,<br />
space debris – that is artificial<br />
material orbiting the<br />
earth that is no longer functional<br />
– represents a staggering<br />
problem.<br />
Much <strong>of</strong> the debris is in<br />
low Earth orbit, within 2,000<br />
km <strong>of</strong> Earth’s surface, though<br />
some debris can be found in<br />
geostationary orbit around<br />
35,000 km above the equator.<br />
As <strong>of</strong> 2021, the United States<br />
Space Surveillance Network<br />
was tracking more than<br />
15,000 pieces <strong>of</strong> space debris<br />
larger than 10cm across.<br />
According to their article,<br />
there are about 200,000<br />
pieces between 1 and 10cm<br />
across and that there could<br />
be millions <strong>of</strong> pieces smaller<br />
than 1cm. How long a piece<br />
<strong>of</strong> space debris takes to fall<br />
back to Earth depends on its<br />
altitude.<br />
Because <strong>of</strong> the high speeds<br />
at which objects orbit Earth<br />
(up to 8 km per second), a collision<br />
with even a small piece<br />
<strong>of</strong> space debris can damage<br />
a spacecraft. For example,<br />
space shuttle windows have<br />
<strong>of</strong>ten had to be replaced<br />
because <strong>of</strong> collision with<br />
debris collisions with objects<br />
smaller than 1mm (0.04 inch).<br />
You may have wondered<br />
to what extent the internet<br />
services we have all come to<br />
rely upon may be affected<br />
by this curious dump site we<br />
have created in near space.<br />
As with so many things, it all<br />
comes down to money.<br />
As a sailor I have long<br />
depended upon GPS navigation<br />
for sea voyages. Thankfully<br />
satellites provide access<br />
for locations that have no<br />
cables running anywhere<br />
close such as ships, oil platforms,<br />
aircraft, overland<br />
expeditions … and my yacht.<br />
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<strong>December</strong> <strong>2023</strong> BAY OF PLENTY BUSINESS NEWS 3<br />
Toi Ohomai recognised at<br />
Defence Force Awards<br />
Toi Ohomai | Te Pūkenga has been recognised<br />
for its commitment to kaimahi at the annual<br />
Minister <strong>of</strong> Defence Force’s <strong>2023</strong> Tohu Awards.<br />
Run by the Defence<br />
Employer Support Council<br />
(DESC), the annual awards<br />
<strong>of</strong>ficially acknowledge how<br />
employers <strong>of</strong> Reserve Force and<br />
Cadet Force Officers are vital<br />
to Defence Force effectiveness,<br />
enabling attendance <strong>of</strong> training,<br />
fulfilment <strong>of</strong> deployment opportunities<br />
and supplementation to<br />
Regular Force members.<br />
The awards recognise that<br />
employers also benefit in employing<br />
and supporting members <strong>of</strong><br />
the Reserve and Cadet Force Officers,<br />
as well as Limited Service<br />
Volunteer Graduates, as the training<br />
they received through the<br />
NZDF helps develop and sharpen<br />
their skills in leadership, teamwork,<br />
communication, discipline,<br />
planning and management.<br />
Toi Ohomai |Te Pūkenga, was<br />
named the Employer <strong>of</strong> the Year,<br />
and was nominated by Major Eli<br />
Crawshaw, an automotive tutor<br />
and a Cadet Force Officer. In the<br />
nomination, it stated that Eli’s<br />
commendable service was made<br />
possible through the institute’s<br />
commitment to the New Zealand<br />
Cadet Forces (NZCF). The judges<br />
said the institution had consistently<br />
provided support to Eli<br />
and the Cadet Units in the Western<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>.<br />
The recognition extends<br />
beyond a mere acknowledgment<br />
<strong>of</strong> employer support.<br />
“Toi Ohomai | Te Pūkenga has<br />
human resources policies that<br />
prioritise service in the organisation<br />
and recognise the value <strong>of</strong><br />
skills obtained through the NZCF<br />
training program, regularly utilising<br />
skills gained from NZCF in the<br />
workplace,” judges said. “Leadership<br />
and guidance provided<br />
by line managers at Toi Ohomai<br />
| Te Pūkenga have been instrumental<br />
in helping MAJ Crawshaw<br />
achieve success in his role as a<br />
senior Cadet Force Officer.”<br />
Toi Ohomai | Te Pūkenga<br />
Associate Dean Dan Taylor says<br />
the institute values its kaimahi<br />
Toi Ohomai | Te Pūkenga Associate Dean Dan Taylor (centre) accepts the Employer <strong>of</strong> the Year Award at the <strong>2023</strong> Tohu Awards.<br />
(staff), and says it was humbling<br />
to accept the award on behalf <strong>of</strong><br />
the organisation.<br />
“As Eli’s line manager, I was<br />
able to accept this award. I’ve<br />
seen first-hand Eli’s dedication<br />
and commitment, not only to Toi<br />
Ohomai but also in his role as<br />
a Cadet Force Officer. It’s great<br />
that we have been acknowledged<br />
for our attentive and responsive<br />
approach to the needs <strong>of</strong> our<br />
kaimahi.”<br />
Dan says all employers who<br />
were nominated spoke about<br />
people who have volunteer roles<br />
outside <strong>of</strong> their main employment<br />
and the exceptional value<br />
they bring to their respective<br />
organisations.<br />
Encouraging volunteer work<br />
and social contributions, Dan<br />
says, leads to diligent, high-performing<br />
employees in the<br />
workplace.<br />
“They bring these skills and<br />
their values into our organisation,<br />
which is hugely valuable.”<br />
Toi Ohomai | Te Pūkenga’s<br />
recognition as the New Zealand<br />
Cadet Force Officer Employer <strong>of</strong><br />
the Year highlights the institution’s<br />
commitment to fostering<br />
positive relationships between<br />
employers and members <strong>of</strong> the<br />
Reserve and Cadet Force Officers,<br />
contributing significantly<br />
to the overall effectiveness <strong>of</strong> the<br />
Defence Force.<br />
Take control <strong>of</strong> your future.<br />
Now is a good time to sell.<br />
0800 225 999<br />
L I N K B U S I N E S S . C O . N Z<br />
Great Culture, Strong Financials, Great Reputation<br />
Tauranga<br />
With a rich history dating back to its<br />
establishment in 1992, this Electrical<br />
Services provider has earned an<br />
impeccable reputation that reflects the<br />
business’s commitment to excellence.<br />
Vendors are committed to providing<br />
extensive support throughout the<br />
handover process to a new owner<br />
$2,595,000<br />
· 30+ years <strong>of</strong> success, market<br />
leader<br />
· Strong financial results<br />
· Cash surplus approx $969k<br />
· Wide range <strong>of</strong> services<br />
· Key management staff in place<br />
linkbusiness.co.nz/BOP00650<br />
Steve Catley 021 341 117<br />
steve.catley@linkbusiness.co.nz<br />
Import & Distribution, Highly Pr<strong>of</strong>itable, Potentially Relocatable<br />
Tauranga<br />
Established in 2018, this thriving business<br />
started with a narrow range <strong>of</strong> products<br />
for a niche sector in the leisure market.<br />
Since then it has expanded its range with<br />
a selection <strong>of</strong> quality products and now<br />
holds a significant and growing market<br />
share.<br />
· Highly Pr<strong>of</strong>itable<br />
· Low staff numbers<br />
· Mainly B2B<br />
· Simple to operate<br />
· SDE $469,756<br />
$1,300,000<br />
linkbusiness.co.nz/BOP00647<br />
Roger Brockelsby 027 919 5478<br />
roger.brockelsby@linkbusiness.co.nz<br />
Price Reduction! Long Established & Reputable Manufacturing<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
Backed by a 65+ year old brand, this<br />
franchise business is a <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
staple! Specialising in a niche sector <strong>of</strong><br />
the design and manufacturing industry,<br />
this business <strong>of</strong>fers high-quality, tailored<br />
solutions to meet a range <strong>of</strong> needs.<br />
An extensive product range has seen the<br />
franchise secure a loyal & diverse clientele.<br />
$699,000<br />
· Prime, central location<br />
· Qualified & tight knit team<br />
· Robust proven franchise system<br />
· Comprehensive marketing<br />
· Ample exciting growth<br />
opportunities<br />
linkbusiness.co.nz/BOP00629<br />
Mike Fraser 021 932 633<br />
mike.fraser@linkbusiness.co.nz<br />
Beachfront 5 Star Accommodation <strong>Business</strong> & FH Apartment<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
Ohope Beach Resort - a 31 apartment<br />
resort, built to exacting standards with<br />
quality amentities. Two aspects to income<br />
stream - Building Manager, plus managing<br />
investment owners’ apartments in the<br />
hotel letting pool.<br />
$1,399,000<br />
· Fantastic Ohope Beach/<br />
Harbour location<br />
· Exceptional lifestyle & lucrative<br />
business!<br />
· Consistent occupancy<br />
· 2 bed/2 bath owner apartment<br />
linkbusiness.co.nz/EL04276<br />
Lindsay Sandes 021 895 940<br />
lindsay.sandes@linkbusiness.co.nz<br />
Home and Income! $1,070,000<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
· Immaculate 3 bedroom, 2 bathroom home<br />
· Guaranteed income from management rights<br />
· Close to beach and shops<br />
· Flexible hours ensure a great lifestyle<br />
linkbusiness.co.nz/BOP00605<br />
Nols Bertram 027 238 1450<br />
nols.bertram@linkbusiness.co.nz<br />
Well Established Jeweller $528,000<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
· Specialising in Jewellery and watch repairs<br />
· Well setup store with affordable Rent<br />
· Earning $165,000 per year<br />
· Room to grow<br />
linkbusiness.co.nz/BOP00659<br />
Neil Cammell 027 2133 100<br />
neil.cammell@linkbusiness.co.nz<br />
Pr<strong>of</strong>itable Gift Store $390,000<br />
Whakatane<br />
· Presentables Gift Store in the heart <strong>of</strong><br />
Whakatane<br />
· Purpose built store in main shopping area<br />
· Wide range <strong>of</strong> products<br />
· Large customer following from all over BOP<br />
linkbusiness.co.nz/BOP00660<br />
Ray Owens 027 840 9274<br />
ray.owens@linkbusiness.co.nz<br />
Automotive Workshop $225,000<br />
Tauranga<br />
· Specialises in euro cars<br />
· Excellent tools & equipment<br />
· Healthy earnings to owner<br />
· Large customer base<br />
linkbusiness.co.nz/BOP00637<br />
Nols Bertram 027 238 1450<br />
nols.bertram@linkbusiness.co.nz<br />
Event Equipment & Marquee Hire $420,000<br />
Tauranga<br />
· Event equipment and marquee hiring<br />
· Events range from weddings and other events<br />
· Includes all furniture and other items required<br />
for weddings<br />
· Exclusive to affluent Waikato & BOP regions<br />
linkbusiness.co.nz/BOP00651<br />
Peter McAdam 021 841 691<br />
peter.mcadam@linkbusiness.co.nz<br />
Curious to know<br />
the value <strong>of</strong> your<br />
business?<br />
Find out more at<br />
linkbusiness.co.nz/business-value-calculator<br />
All LINK NZ <strong>of</strong>fices are licensed REAA 2008
4 BAY OF PLENTY BUSINESS NEWS <strong>December</strong> <strong>2023</strong><br />
Wai Ariki lauded with highest<br />
honour at design awards<br />
Rotorua’s new luxury spa, Wai Ariki Hot Springs and Spa,<br />
has been nationally recognised for its eye-catching,<br />
innovative design, winning three accolades in this year’s<br />
Designers Institute Awards.<br />
When planning first began nearly<br />
a decade ago, Pukeroa Lakefront<br />
Holdings Limited (PLHL), which<br />
owns Wai Ariki, laid down a design wero<br />
(challenge) for the creation <strong>of</strong> a culturally,<br />
architecturally, experiential and beautiful<br />
space.<br />
Architecture and design firm, RCG,<br />
responded to that wero and its innovation<br />
and efforts have now been rewarded with<br />
a prestigious Purple Pin for Best Overall<br />
Design in the Spatial Section, and two Gold<br />
Pins in the Public, Private & Institutional,<br />
and Healthcare and Wellbeing categories.<br />
The Gold Pin is coveted as it represents<br />
the winner in each category, but it’s only<br />
the best piece <strong>of</strong> design in each discipline<br />
that is given the supreme Purple Pin, being<br />
held up as work that raises the bar <strong>of</strong><br />
New Zealand design.<br />
PLHL Chairman, David Tapsell, says the<br />
design acknowledgements are a testament<br />
to the truly unique space RCG helped create<br />
for Wai Ariki Hot Springs and Spa.<br />
“When manuhiri walk through the<br />
doors at Wai Ariki, they have a visual and<br />
sensory experience, with the physical<br />
space combining the area’s geothermal<br />
legacy with our authentic Ngāti Whakaue<br />
story. There is nowhere else in the world<br />
where one can have that same experience<br />
and RCG have done a fantastic job <strong>of</strong> bringing<br />
our vision to life.<br />
“Wai Ariki is a fitting and striking addition<br />
to the newly transformed Rotorua<br />
lakefront. We are proud to be playing a key<br />
role in lifting Rotorua’s tourism <strong>of</strong>fering,<br />
which is critical for our city’s build-back<br />
after Covid. Wai Ariki has now been recognised<br />
at the highest level by Designers<br />
Institute and all <strong>of</strong> Rotorua can be proud<br />
<strong>of</strong> this.”<br />
The physical design <strong>of</strong> Wai Ariki Hot<br />
Springs and Spa is inspired by Ngāti<br />
Whakaue cultural narratives. It is infused<br />
with local whakairo (Māori carvings) and<br />
reflects the volcanic colour palette <strong>of</strong> the<br />
rohe. RCG Director, John Lenihan says<br />
the team is delighted and humbled by the<br />
Designers Institute Awards.<br />
“This kaupapa means so much to PLHL<br />
and Ngāti Whakaue – and all <strong>of</strong> us as a<br />
result. We have worked with Pukeroa<br />
Oruawhata for 30 years and the development<br />
<strong>of</strong> Wai Ariki Hot Springs and Spa is<br />
a significant highlight in that longstanding<br />
relationship. It was fully guided by them<br />
and Ngāti Whakaue cultural experts as<br />
mana whenua.<br />
“Wai Ariki Hot Springs and Spa is<br />
unique globally and is already getting significant<br />
worldwide attention. We are literally<br />
ecstatic that the development has been<br />
<strong>of</strong>ficially acknowledged in this way,” says<br />
Mr Lenihan.<br />
Wai Ariki <strong>of</strong>fers two exclusive spa areas<br />
– Te Āhuru Mōwai (Sanctuary), a premium<br />
space for bathing and spa treatments, and<br />
Wai Whakaora (Restorative Journey) a cultural<br />
thermal wellness experience. Both<br />
have been specifically designed to deliver<br />
maximum well-being benefits, building on<br />
the centuries-old healing practices <strong>of</strong> Ngāti<br />
Whakaue.<br />
At <strong>Bay</strong>leys, we believe relationships are what businesses are built on and how they<br />
succeed. We understand that to maximise the return on your property you need:<br />
Pr<strong>of</strong>essional property management<br />
A business partner that understands your views and goals<br />
Contact the <strong>Bay</strong>leys Tauranga Commercial Property Management team today.<br />
<strong>Bay</strong>leys Tauranga<br />
Commercial Property Management<br />
07 579 0609<br />
jan.cooney@bayleystauranga.co.nz<br />
SUCCESS REALTY LTD, BAYLEYS, LICENSED UNDER THE REA ACT 2008<br />
Residential / Commercial / Rural / Property Services
<strong>December</strong> <strong>2023</strong> BAY OF PLENTY BUSINESS NEWS 5<br />
<strong>Business</strong> confidence in<br />
Rotorua soars by nearly 50%<br />
– promising trend revealed<br />
RotoruaNZ, in collaboration with the Rotorua <strong>Business</strong><br />
Chamber, has released the fourth Rotorua <strong>Business</strong> Pulse<br />
Survey results, highlighting the evolving sentiments <strong>of</strong><br />
Rotorua’s business leaders.<br />
The latest survey reveals a significant<br />
upswing in forward-looking business<br />
confidence, with an impressive<br />
increase <strong>of</strong> nearly 50% compared with the<br />
April survey findings. This surge in confidence<br />
reflects Rotorua’s resilience and<br />
adaptability, showcasing a positive trajectory<br />
for the local business community.<br />
The Rotorua <strong>Business</strong> Pulse initiative<br />
continues to serve as a key barometer for<br />
assessing the health <strong>of</strong> the local economy,<br />
providing a valuable platform for business<br />
leaders to convey their insights. The most<br />
recent survey, conducted from October<br />
18th to November 5th, saw active participation<br />
from 108 Rotorua-based businesses,<br />
contributing to the dataset underpinning<br />
these findings.<br />
Andrew Wilson, Chief Executive <strong>of</strong><br />
Rotorua NZ, said “the findings from this<br />
survey reaffirm Rotorua’s potential as a<br />
thriving place to do business. This surge<br />
in confidence reflects the resilience <strong>of</strong> our<br />
local businesses and their readiness to<br />
embrace opportunities in an ever-evolving<br />
economic landscape.”<br />
Bryce Heard, Chief Executive <strong>of</strong> the<br />
Rotorua Chamber, echoed these sentiments,<br />
saying, “The survey results are a<br />
testament to the collaborative spirit <strong>of</strong><br />
our business community and its ability to<br />
adapt to changing circumstances. Rotorua<br />
is poised for growth and prosperity, and<br />
this renewed confidence is a clear indication<br />
<strong>of</strong> that.”<br />
As part <strong>of</strong> this initiative, a comprehensive<br />
dashboard has been developed to<br />
provide a user-friendly platform for stakeholders<br />
to access and analyse the survey<br />
data. This resource will help community<br />
leaders, businesses, and policymakers<br />
make informed decisions and monitor<br />
Rotorua’s economic pulse.<br />
Notable trends highlighted in the survey<br />
include an optimistic outlook for the<br />
next year, likely driven by factors such as<br />
recent government changes, a heightened<br />
focus on reputation rebuilding for talent<br />
attraction, increased infrastructure investment,<br />
and a significant uptick in the adoption<br />
<strong>of</strong> AI technology by local businesses,<br />
with a growth rate <strong>of</strong> over 50%.<br />
These positive findings underscore<br />
Rotorua’s resilience and potential for<br />
growth, setting the stage for a prosperous<br />
future for the local business community.<br />
“We know that CSR is increasingly<br />
important to companies and their<br />
employees. Acorn <strong>of</strong>fers tailored solutions<br />
to help local businesses achieve<br />
their corporate giving goals,” says<br />
Emily Goulding, Acorn’s Corporate &<br />
Community Giving Manager.<br />
“There are so many ways to give<br />
through Acorn: corporate scholarships,<br />
employee workplace giving, corporate<br />
endowment funds... It’s all about boosting<br />
<strong>of</strong>fice morale and showing your<br />
company cares about the communities<br />
you work in.”<br />
As an established funder in the<br />
WBOP with 20 years’ local expertise,<br />
the Acorn Foundation has its ‘finger<br />
on the pulse’ and can give useful guidance<br />
when it comes to choosing charity<br />
recipients.<br />
“At Acorn, we do all the due diligence<br />
as part <strong>of</strong> our annual funding<br />
round, where we assess dozens <strong>of</strong> funding<br />
applications from local charities.<br />
So, we know which local groups are<br />
doing the most vital work in our communities,”<br />
says Emily.<br />
SPONSORED<br />
CORPORATE GIVING MADE EASY<br />
WITH THE ACORN FOUNDATION<br />
More than 14 local businesses – large and small – are<br />
choosing to give back to the community via the<br />
WBOP’s Community Foundation: the Acorn Foundation.<br />
Why? Because it’s local giving, for local causes.<br />
For several years in a row, Acorn has<br />
facilitated charitable donations from<br />
local branches <strong>of</strong> ASB Bank and Craigs<br />
Investment Partners at Christmas.<br />
“Though we find that Christmas is<br />
a popular time <strong>of</strong> the year for companies<br />
to donate to charity, we<br />
facilitate corporate giving<br />
year-round,” says Emily.<br />
“I would encourage any<br />
company with a community<br />
focus to contact<br />
Acorn Foundation to<br />
discuss how we could<br />
help your business<br />
implement a corporate<br />
giving scheme that<br />
suits you.”<br />
Emily Goulding,<br />
Acorn’s<br />
Corporate &<br />
Community<br />
Giving<br />
Manager.<br />
Learn more at: acornfoundation.org.nz/corporate-giving<br />
Proudly providing expert advice and<br />
adding value to projects across the<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> since 1940.<br />
To experience Cheal’s award winning service,<br />
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+64 7 349 8470 | info@cheal.co.nz |
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27/01/<strong>2023</strong> 2:46:02 PM<br />
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6 BAY OF PLENTY BUSINESS NEWS <strong>December</strong> <strong>2023</strong><br />
<strong>2023</strong>: THE YEAR IN REVIEW<br />
As <strong>2023</strong> draws to a close there remains a pervasive feeling <strong>of</strong> uncertainty and nervousness<br />
amongst <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> businesspeople. There are on-going challenges from inflation, high<br />
interest rates, an uncertain property market, labour shortages and global political instability.<br />
Over the last 12 months we have provided<br />
readers with on-going analysis<br />
<strong>of</strong> the performance <strong>of</strong> the local business<br />
economy, reporting the facts, and providing<br />
expert opinion.<br />
As in 2022, for every challenge that <strong>2023</strong><br />
has thrown at us, the local business community<br />
has adapted to not only survive, but to<br />
thrive.<br />
In this BBN <strong>2023</strong> Year in Review, we step<br />
through the highlights <strong>of</strong> the last 12 months<br />
<strong>of</strong> <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> <strong>News</strong> as we look<br />
forward hopefully to a 2024 that will bring<br />
more certainty and stability.<br />
ALAN NEBEN is a Mount Maunganui<br />
local and an experienced New Zealand<br />
publisher. He can be reached at<br />
alan@bopbusinessnews.co.nz<br />
TICKETS<br />
ON SALE<br />
NOW!<br />
JANUARY <strong>2023</strong> VOLUME 7: ISSUE 1<br />
THE SHINE<br />
COLLECTIVE:<br />
CELEBRATING<br />
10 YEARS – P5<br />
WWW.BOPBUSINESSNEWS.CO.NZ<br />
ECONOMIC<br />
PROSPECTS<br />
IN <strong>2023</strong><br />
R<br />
By DAVID PORTER<br />
eserve Bank <strong>of</strong> New Zealand Governor<br />
Adrian Orr’s gloomy warnings<br />
late last year saw him talking up the<br />
prospects <strong>of</strong> a dismal <strong>2023</strong> economy and<br />
stressing the need to curb inflation.<br />
But it wasn’t just a call for businesses<br />
to slow things down: he also warned the<br />
government to ease back on spending.<br />
That will be difficult to do for the<br />
Labour Government when all the recent<br />
polls suggest it will face real problems<br />
winning the next election, and it has committed<br />
to maintaining generous spending to<br />
avoid defeat. The dismal economic predictions<br />
have also highlighted the country’s<br />
labour problems, and given the opposition<br />
parties a renewed opportunity to pitch their<br />
wares for the next election.<br />
It is ironic <strong>of</strong> course that Orr himself<br />
could be considered a major cause <strong>of</strong> the<br />
The chances are growing<br />
that the Reserve Bank<br />
has over-cooked policy<br />
restraint after keeping<br />
things too easy.”<br />
– Tony Alexander<br />
inflation problem, given the government<br />
effectively encouraged him to relax spending<br />
controls to reduce pain for the beleaguered,<br />
Covid 19-affected electorate.<br />
The reality now is that New Zealand<br />
inflation is estimated at 7.2 percent, well<br />
above what was typically considered<br />
extreme.<br />
‘WORLD-CLASS<br />
EXPERIENCE’ –<br />
TRUSTPOWER<br />
BAYPARK – P9<br />
Facing up to economic reality<br />
Orr appeared before Parliament’s Finance<br />
and Expenditure Select Committee late<br />
last year and effectively apologised for<br />
the state <strong>of</strong> interest rates, blaming the<br />
international situation. New Zealand had<br />
been buffeted by “very significant economic<br />
shocks” – namely Covid-19 supply<br />
chain disruptions and Russia’s invasion<br />
<strong>of</strong> Ukraine. And the bank was expecting<br />
well above its 1-3 percent target range, he<br />
acknowledged.<br />
Green Party MP Chlöe Swarbrick<br />
reportedly asked Orr if commentary suggesting<br />
the Reserve Bank was “deliberating<br />
engineering a recession” to tame inflation<br />
was correct.<br />
“We are deliberately trying to slow<br />
aggregate spending in the economy,” he<br />
responded.<br />
Continued on page 3<br />
FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
FIRST ON THE<br />
SCENE: TAURANGA<br />
BUSINESS<br />
AWARDS – P13<br />
24 MARCH –<br />
2 APRIL <strong>2023</strong><br />
See page 9<br />
FEBRUARY <strong>2023</strong> VOLUME 7: ISSUE 2<br />
WWW.BOPBUSINESSNEWS.CO.NZ FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
1<br />
WOMEN LEADING BAY BUSINESS<br />
This month, we pr<strong>of</strong>ile some <strong>of</strong> the many women<br />
who are making a difference in the <strong>Bay</strong>’s business<br />
community. >> Pages 10-16<br />
cover story<br />
Taking the music to the people<br />
2<br />
10<br />
We talk to two inspirational<br />
local business women about<br />
their goal <strong>of</strong> lifting the pr<strong>of</strong>ile<br />
<strong>of</strong> the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> Waikato<br />
Opus Orchestra in the<br />
community (see pages 10-11)<br />
3<br />
12 13<br />
9<br />
4<br />
5 6<br />
7<br />
8<br />
11<br />
MARCH <strong>2023</strong> VOLUME 7: ISSUE 3<br />
THE<br />
BONODLEYS<br />
BBN Franchising columnist<br />
Nathan Bonney sets himself a<br />
new challenge for <strong>2023</strong>. See p5<br />
WWW.BOPBUSINESSNEWS.CO.NZ<br />
FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
RUNNING 100<br />
MILES NON-STOP:<br />
BBN’s Mining <strong>Business</strong> Wealth<br />
columnist Freddie Bennett<br />
considers the lessons. See p9<br />
ZESPRI’S<br />
ANNUS<br />
HORRIBILIS<br />
CONTINUES<br />
Kiwifruit growers have been dealt<br />
another body blow this summer with<br />
Zespri’s announcement <strong>of</strong> further<br />
reductions in payouts.<br />
Richard Rennie investigates, see page 5.<br />
APRIL <strong>2023</strong> VOLUME 7: ISSUE 4<br />
WWW.BOPBUSINESSNEWS.CO.NZ<br />
EASTERN BAY POWERS UP<br />
PROJECT TO GROW MUSSEL SPAT<br />
By RICHARD RENNIE<br />
avid Ross CEO <strong>of</strong> Kotahi, the<br />
country’s largest supply chain<br />
Dcompany says it is not a lack<br />
<strong>of</strong> shipping capacity to New Zealand,<br />
but port capacity issues and low levels<br />
<strong>of</strong> labour availability across the<br />
supply chain impacting upon port<br />
operations.<br />
“In addition ports don’t currently<br />
have the extra capacity and flexibility<br />
to be able to absorb peaks and troughs<br />
in product demand or to manage<br />
external disruption such as the recent<br />
weather events. When you add these<br />
to a system at capacity, they tend to<br />
amplify the problem.”<br />
He welcomed the work by ports<br />
across the country to bring back fixed<br />
berthing windows for ship calls from<br />
March 6 to firm up scheduled arrival<br />
times.<br />
“It is good to see Port <strong>of</strong> Tauranga<br />
doing well to date, as evidenced by<br />
the queues <strong>of</strong> waiting ships dropping<br />
to virtually zero. However, there is<br />
more work to do at a network system<br />
level.”<br />
Ship numbers laid up awaiting<br />
FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
Port jam likely to linger<br />
Congestion at Port <strong>of</strong> Tauranga and beyond bought on by capacity limits, delays to expansion and<br />
a busy export season threaten the flow <strong>of</strong> goods out <strong>of</strong> <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> over coming months.<br />
berthing have been at near record<br />
highs in recent months, with Vessel<br />
Finder reporting as many as 17 at<br />
anchor at any one time earlier this<br />
year.<br />
Port reliability in New Zealand<br />
has been firmly in the spotlight, with<br />
Maersk’s head <strong>of</strong> Oceania Region<br />
recently reporting the region’s schedule<br />
reliability at 39%, lagging behind<br />
the rest <strong>of</strong> the world at 53%.<br />
But Ross said Kotahi’s data indicated<br />
that reliability was even lower<br />
for New Zealand at only 15%.<br />
He expected the return to fixed<br />
berth scheduling would also bring a<br />
level <strong>of</strong> disruption in the short term,<br />
meaning tough decisions from carriers<br />
to omit ports or skip sailings.<br />
Continued on page 3<br />
MEETINGS | CONFERENCES | EXHIBITIONS | ENTERTAINMENT<br />
1: Adrienne Mikkelsen, Property Indepth. 2: Fiona McTavish, BOPRC. 3: Jade Maddox, Bloom Co. 4: Bronwyn Rhynd, CKL. 5: Paula Lines, The Law Shop. 6: Mel Lewis, Stratum Consultants. 7: Meg Jones, The Shine<br />
Collective. 8: Bridget Snelling, Xero New Zealand. 9: Shima Grace, Sharp Tudhope Lawyers. 10: Meg Davis, Priority One. 11: Marissa Nikora, Priority One. 12: Bronya Dean, Opus Orchestra. 13: Gillian Houser, Opus Orchestra.<br />
MEETINGS | CONFERENCES | EXHIBITIONS | ENTERTAINMENT<br />
MEETINGS | CONFERENCES | EXHIBITIONS | ENTERTAINMENT<br />
MEETINGS | CONFERENCES | EXHIBITIONS | ENTERTAINMENT<br />
> JANUARY <strong>2023</strong><br />
Enquire Today!<br />
trustpowerbaypark.co.nz<br />
Our economic commentary team led<br />
<strong>2023</strong> with their predictions for the<br />
economy in the year ahead – their<br />
views noted Reserve Bank Governor<br />
Adrian Orr’s strategy for slowing the<br />
economy at the time, and some even<br />
predicted a likely defeat <strong>of</strong> the Labour<br />
Government in the <strong>2023</strong> general<br />
election later in the year. Senior<br />
reporter David Porter warned <strong>of</strong> the<br />
dangerous impacts presented by the<br />
global climate crisis in his January<br />
Porter Report – a prophetic warning,<br />
given the catastrophic impacts <strong>of</strong><br />
Cyclone Gabrielle which arrived a<br />
month later.<br />
> FEBRUARY <strong>2023</strong><br />
Enquire Today!<br />
trustpowerbaypark.co.nz<br />
For those dinosaurs still mired in the<br />
thinking <strong>of</strong> old that business is a menonly<br />
club, BBN’s February Women<br />
Leading <strong>Bay</strong> <strong>Business</strong> feature edition<br />
pointedly dispelled the myth. The special<br />
report highlighted 13 women who were<br />
all making unique contributions to<br />
business in the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>. Watch out<br />
for the new crop in our February 2024<br />
update <strong>of</strong> Women Leading <strong>Bay</strong> <strong>Business</strong>.<br />
We bought the advent <strong>of</strong> open AI to the<br />
fore back in our February <strong>2023</strong> issue<br />
as TechTalk columnist Yvonne Blanch<br />
presented our first column (that we’re<br />
aware <strong>of</strong>) written using Chat GPT – an<br />
ominous sign for the future perhaps?<br />
> MARCH <strong>2023</strong><br />
Enquire Today!<br />
trustpowerbaypark.co.nz<br />
While most stories in the March<br />
issue focused on the impacts<br />
<strong>of</strong> Cyclone Gabrielle on the<br />
BOP region, <strong>Business</strong> <strong>News</strong><br />
journalist Richard Rennie<br />
looked in-depth at the effect<br />
on Kiwifruit growers dealt<br />
another body blow with<br />
Zespri’s announcement<br />
<strong>of</strong> further reductions in<br />
payouts. Popular <strong>Business</strong><br />
<strong>News</strong> columnist Freddie<br />
Bennett talks through<br />
the lessons to be learned<br />
from running 100 miles<br />
non-stop.<br />
> APRIL <strong>2023</strong><br />
Enquire Today!<br />
trustpowerbaypark.co.nz<br />
In April we investigated the congestion<br />
at Port <strong>of</strong> Tauranga bought on<br />
by capacity limits, delays to<br />
expansion and a busy export<br />
season and the threats this<br />
was posing to the flow<br />
<strong>of</strong> goods out <strong>of</strong> <strong>Bay</strong> <strong>of</strong><br />
<strong>Plenty</strong> in <strong>2023</strong>. We<br />
also announced NZ’s<br />
largest mass timber<br />
<strong>of</strong>fice was building<br />
coming to town: The<br />
future home <strong>of</strong> Tauranga<br />
City Council’s administration<br />
staff at 90 Devonport Road.<br />
MAY <strong>2023</strong> VOLUME 7: ISSUE 5<br />
WWW.BOPBUSINESSNEWS.CO.NZ<br />
AUSTRALIA<br />
CHANGES<br />
COULD<br />
STRESS<br />
KIWI JOB<br />
MARKET<br />
PAGE 4<br />
China tests its<br />
international reach<br />
PAGE 5<br />
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Talent ID are strong advocates <strong>of</strong> the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> region and all that is on <strong>of</strong>fer.<br />
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FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
With demand for labour already under<br />
extreme pressure here in the <strong>Bay</strong> <strong>of</strong><br />
<strong>Plenty</strong>, David Porter asks local business<br />
experts about the impact <strong>of</strong> changes<br />
to Australia’s policy on pathways to<br />
citizenship. Their predictions: the<br />
outcomes may not all be rosy. See page 3<br />
PAGE 10<br />
Does your bach have<br />
a hidden GST cost?<br />
Our May edition explored changes to<br />
Australia’s immigration rules: with<br />
demand for labour already under<br />
extreme pressure in the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>,<br />
David Porter asked local business experts<br />
about the impact <strong>of</strong> changes to Australia’s<br />
policy on pathways to citizenship. Their<br />
predictions were that the outcomes will<br />
not all be rosy. Sticking with the ANZAC<br />
theme, I tackled the challenging issue<br />
<strong>of</strong> coming to grips with holiday trading<br />
regulations – still confused.<br />
JUNE <strong>2023</strong> VOLUME 7: ISSUE 6<br />
T<br />
SPECIAL<br />
FOCUS<br />
By DAVID PORTER<br />
he Labour Government’s recently<br />
announced budget contained few real<br />
surprises.<br />
In itself, that was hardly unusual – we are<br />
heading towards an ever-tightening national<br />
election campaign later this year, so perhaps<br />
understandably the government’s main aim<br />
was to exude calm. Or as Craigs Investment<br />
Partners’ economist Mark Lister said during a<br />
post-budget event analysis held in cooperation<br />
WWW.BOPBUSINESSNEWS.CO.NZ<br />
FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
WEALTH<br />
BUILDERS<br />
with the Tauranga <strong>Business</strong> Chamber, to put it<br />
cynically, members <strong>of</strong> the government would<br />
like to keep their jobs.<br />
“It was pitched as ‘no frills’,” said Lister.<br />
“But it was quite stimulating. There was less<br />
money to spend and more debt will be issued.”<br />
KPMG tax partner Rob Hill, who co-hosted<br />
the Craigs’ analysis, added Labour seemed to be<br />
retaining their post-election tax policies.<br />
Of course strictly speaking, not all members<br />
<strong>of</strong> the Labour government are guaranteed<br />
to keep their jobs. Labour has already seen two<br />
50%<br />
defections from their allied ranks, which is<br />
hardly an inspiring look for a government going<br />
into an election.<br />
Put your money to work<br />
For ideas on putting your money to<br />
work and building wealth in <strong>2023</strong><br />
see our Wealth Builders feature<br />
pages 7-10<br />
BUDGET REVIEW: FEW SURPRISES<br />
The coming period was likely, Lister suggested,<br />
to be a good time to put your money to work.<br />
“You don’t want to buy when everything is at an<br />
all-time high.”<br />
Chartered Accountants New Zealand country<br />
head Peter Vial, in his summary, indicated that<br />
<strong>2023</strong><br />
in his interpretation the Treasury was no longer<br />
forecasting a recession, but added that a return<br />
to a surplus had been deferred by one year to<br />
2025-26. “We were promised a ‘no frills, bread<br />
and butter’ Budget and that is what we have<br />
got,” he says.<br />
Dropping the $5.00 prescription charge was<br />
a no-brainer but let us not forget that several<br />
major pharmacy brands have already knocked<br />
<strong>of</strong>f the charge in the interest <strong>of</strong> business-building;<br />
basically the charge is a small tax and<br />
Continued on page 3<br />
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The June <strong>2023</strong> edition <strong>of</strong> <strong>Business</strong> <strong>News</strong><br />
was a distinctly finance focused issue.<br />
We launched a new annual feature:<br />
Wealth Builders, in which we reached<br />
out to finance specialists across the<br />
region for their advice and tips for local<br />
businesspeople on building wealth. We<br />
also reviewed the Labour Government’s<br />
recent budget and assessed the impacts<br />
for local businesses, and we had a report<br />
from <strong>Business</strong> <strong>News</strong> journalist Richard<br />
Rennie on his trade trip to South Korea.<br />
> JUNE <strong>2023</strong><br />
YEAR<br />
BOOK<br />
<strong>2023</strong><br />
SUSTAINABILITY EDITION<br />
AIR | LAND | SEA<br />
YEAR<br />
BOOK<br />
CELEBRATING BAY BUSINESS | <strong>2023</strong><br />
SUSTAINABILITY EDITION<br />
AIR | LAND | SEA<br />
YEAR BOOK <strong>2023</strong> | 1<br />
> Little did we know back in January <strong>2023</strong> the challenges that<br />
would be confronting local businesses by mid-<strong>2023</strong>: inflation<br />
running at 6.7%, mortgage interest rates <strong>of</strong> 7.25%, unprecedented<br />
roading, health and housing infrastructure issues, record rainfall<br />
and flooding and underlying it all, a feeling <strong>of</strong> uncertainty and<br />
nervousness. Yet despite the uncertainties, there was a broad<br />
cross-section <strong>of</strong> inspiring business success stories in the Year<br />
Book. We are confident the winds will change – we’re living in a<br />
great place to harness that wind change and fly high. Yes, Kiwis<br />
can fly.”<br />
– ALAN NEBEN, PUBLISHER
J&W Quarter Page Advert.indd 1<br />
BBN-July-<strong>2023</strong>.indd 1<br />
Richard Rennie reports on <strong>Bay</strong> businesses in his<br />
trade delegation trip to India<br />
Page 5<br />
LIC REA 2008<br />
The event, organised by Fleet-<br />
Partners and Drive Electric, and<br />
held at Farmer Autovillage’s MG<br />
showroom, updated attendees<br />
on developments in the EV and<br />
PHEV markets, both in New Zea-<br />
Freddie Bennett considers how to<br />
create a business <strong>of</strong> superheroes<br />
Page 16<br />
land and internationally.<br />
Drive Electric board member<br />
Dean Sheed spoke to the<br />
approximately 100 guests about<br />
emerging trends and changes in<br />
attitude and consumer opinion<br />
in relation to electric vehicles in<br />
<strong>2023</strong>. In particular he contrasted<br />
the enormous growth in EV sales<br />
to the corresponding downturn<br />
See photos from Tauranga <strong>Business</strong><br />
Chamber’s August BA5<br />
Page 21<br />
in demand and sales <strong>of</strong> internal<br />
combustion engine (ICE)<br />
vehicles.<br />
He touched on the issue <strong>of</strong><br />
changing perceptions around the<br />
practicality <strong>of</strong> investment in electric<br />
vehicles in the last 12 months,<br />
and suggested future considerations<br />
for the road ahead.<br />
FleetPartners Director Dennis<br />
Kelly then addressed the<br />
audience looking particularly at<br />
trends in corporate investment<br />
in fleet vehicles.<br />
Dennis suggested although<br />
there are significant aspects <strong>of</strong><br />
fleet EV investment that are front<br />
<strong>of</strong> mind for business operators<br />
now, there are also emerging<br />
> Continued on page 7<br />
doesn’t take ‘no’ for an answer.<br />
education programmes, Bernice couldn’t<br />
sit on her hands and look the other way.<br />
– a tragedy. And the more I learned, the<br />
more tragic and devastating it seemed.<br />
gets tough.”<br />
was brought up in the sma l town <strong>of</strong><br />
Tūrangi.<br />
there alright.<br />
confronting her and her whānau which<br />
shocked her into action.<br />
result, tragica ly under-achieving; while<br />
my achievements were being branded<br />
su ce ses, the young people I was seeing<br />
at home in New Zealand were being<br />
branded as ‘failures’ and ‘problems’.”<br />
by OT.<br />
year they were supporting young people<br />
refe red by the Tauranga DHB an disability<br />
services.<br />
“Now the door had opened, we could<br />
see a tsunami was heading in our direction,”<br />
she reca ls.<br />
2021-12-28 5:31 PM<br />
28/06/<strong>2023</strong> 4:34:17 PM<br />
lack <strong>of</strong> positive community interaction<br />
what I ca l survival/defensive mode.”<br />
luxurious waterfront destination<br />
a sist pr<strong>of</strong>e sionals, schools and whānau<br />
to understand cha lenging behaviours<br />
and ca l for help.<br />
“We decided to pilot this concept in<br />
an alternative education space, <strong>Bay</strong>pathways.<br />
During our pilot w encountered<br />
rangatahi disengaged from their work<br />
who had decided their only pathway was<br />
jail and a life on ‘the benefit’.<br />
“They shared nothing <strong>of</strong> their dreams<br />
or aspirations, only tha they were tough/<br />
hard and how drugs, alcohol and crime<br />
were a l they wanted to do.<br />
di ferently from others.”<br />
in their lives – and so the Whanaketanga<br />
Programme was born.<br />
BBN-August-<strong>2023</strong>.indd 1<br />
night, a celebration with friends and<br />
The Porter Report looks to responsibilities <strong>of</strong> key<br />
players and ongoing Israel-Palestine tensions<br />
Page 4<br />
and corporate events.<br />
With its delectable cuisine, captivating<br />
scenery, and a tentive service, it<br />
a lasting impre sion on every guest fortunate<br />
enough to partake in this extraordinary<br />
journey.<br />
Anticipated tax policy changes and their<br />
implications – Insights by Andrea Scatchard<br />
Page 11<br />
‘Now you’re speaking my language’: selfimprovement<br />
suggestions for Kiwis<br />
Page 22<br />
Join us this Christmas for delicious food, drinks and good times by the water.<br />
w w w. t r i n i t y w h a r f. c o . n z | e v e n t s @ t r i n i t y w h a r f. c o . n z<br />
28/07/<strong>2023</strong> 1:47:55 PM<br />
BBN-September-<strong>2023</strong>.indd 1<br />
Alan Neben reviews the topsy-turvy year that was and<br />
tracks the big <strong>Business</strong> <strong>News</strong> stories in <strong>2023</strong><br />
Pages 6-7<br />
For the glitz and glamour from the Tompkins Wake Rotorua<br />
<strong>Business</strong> Awards <strong>2023</strong> and a full list <strong>of</strong> award winners<br />
Page 20-21<br />
Organisations ring in a swathe <strong>of</strong> changes across the <strong>Bay</strong><br />
as <strong>2023</strong> draws to a close<br />
Pages 22-23<br />
Back row: Freddie Bennett – Titan Sky, Andrea Scatchard – Deloitte, Steven Matthews – Link <strong>Business</strong> Brokers, Lyndon Settle – Quayside Holdings, Ryan Storm – Royal Wolf, Andy Martin – Cooney Lees Morgan,<br />
Dr Wayne Beilby – PMG Funds. Front row: Kate Ashcr<strong>of</strong>t – Copeland Ashcr<strong>of</strong>t, Sarah Ashby – Jarden, Gareth Wallis – Tauranga City Council, Ezra Rentoul – Stratus Blue, Mark Wassung – Design Engine Architects.<br />
30/08/<strong>2023</strong> 11:46:42 am<br />
> www.businessnews.co.nz – STAY CONNECTED<br />
<strong>December</strong> <strong>2023</strong> BAY OF PLENTY BUSINESS NEWS 7<br />
Last year BBN experienced what digital<br />
services manager Petrina Wilson called ‘an<br />
explosion’ in online subscriber numbers.<br />
“That ‘explosion’ hasn’t eased in <strong>2023</strong>,”<br />
she says. “We have quality content, and the<br />
numbers show me that’s what our users<br />
demand.<br />
“The growth in our <strong>Business</strong> <strong>News</strong><br />
subscriber base, our social channels<br />
engagement and our web traffic has<br />
continued its upward trajectory in <strong>2023</strong>.<br />
“Our subscribers sure let us know our<br />
EDM newsletters are in demand – readers<br />
want to be connected, and our exceptionally<br />
high open rates prove it.”<br />
The studio design team upgraded the<br />
website to compliment the ‘new look’ print<br />
edition in October. This has proven to be a<br />
winner with increases to user numbers and<br />
page views – a great finish to <strong>2023</strong>.<br />
7<br />
YEARS OF PROGRESS<br />
JULY <strong>2023</strong> VOLUME 7: ISSUE 7<br />
WWW.BOPBUSINESSNEWS.CO.NZ<br />
FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong><br />
<strong>News</strong> this month celebrates<br />
seven years <strong>of</strong> publishing. We<br />
had a look through the archives<br />
to see what we’ve covered over<br />
the seven years – the results<br />
were surprising. We also invited a<br />
selection <strong>of</strong> other successful <strong>Bay</strong><br />
businesses to talk to us about their<br />
growth paths ... see pages 6-10<br />
AUGUST <strong>2023</strong> VOLUME 7: ISSUE 8<br />
SEE PAGE 5<br />
WWW.BOPBUSINESSNEWS.CO.NZ<br />
FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
$70M INVESTMENT A<br />
BOON FOR WHAKATANE<br />
THE NEW WAVE OF UNDER 40'S<br />
This month, <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> <strong>News</strong> pr<strong>of</strong>iles a<br />
group <strong>of</strong> Under 40’s from various industries who are<br />
making their mark in the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>.<br />
SEE PAGE 9-13<br />
SEPTEMBER <strong>2023</strong> VOLUME 7: ISSUE 9 WWW.BOPBUSINESSNEWS.CO.NZ<br />
FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
DOWN TO THE WIRE<br />
By David Porter<br />
N<br />
ew Zealanders will go to the<br />
polls on 24 October in what is<br />
predicted to be one <strong>of</strong> the closest<br />
nationwide elections in the country’s<br />
history.<br />
The key concerns for <strong>Bay</strong> <strong>of</strong><br />
<strong>Plenty</strong> businesses, according to our<br />
soundings, are that whoever wins the<br />
government should show strong leadership<br />
in such key areas as developing<br />
effective infrastructure to service the<br />
region’s continued growth.<br />
Tauranga Priority One chief executive<br />
Nigel Tutt told <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
<strong>Business</strong> <strong>News</strong> (BBN) that the <strong>Bay</strong> <strong>of</strong><br />
<strong>Plenty</strong> had an important role to play<br />
in the country.<br />
“But we lack the infrastructure to rate in its predictions. But as <strong>of</strong>ten A recent Taxpayers’ Union – Curia down 4 points to 27.1 per cent. Act<br />
support that – we need to make sure noted, in politics the only poll that poll report in the New Zealand Herald<br />
showed Labour crashing to below where most <strong>of</strong> the Labour supporters<br />
was on 13 per cent and the Greens –<br />
politicians provide the infrastructure really matters is the result on election<br />
we need, and to support that infrastructure,”<br />
he said. “Obviously that A Chinese friend <strong>of</strong> mine is cur-<br />
with enough support, just, to form a ruled out the Greens’ proposed wealth<br />
day.<br />
30 per cent and National and Act appear to have moved after Labour<br />
helps ease congestion and frees up the rently one <strong>of</strong> many people who has government.<br />
tax, were up 3.1 points to 12 per cent.<br />
need to spend all our time on travel.” been in jail without sentence for more It also showed the public re-emergence<br />
<strong>of</strong> NZ First leader Winston Labour, was on 2.5 per cent. Both<br />
Te Pati Māori, which also supports<br />
than a year in Hong Kong – where<br />
Polls narrowing<br />
I lived for many years – because <strong>of</strong> Peters who elevated Labour to governing<br />
in 2017. NZ First showed up were on 7 per cent in the leadership<br />
Peters and Act leader David Seymour<br />
their protests against mainland China’s<br />
heavy-handed attempts to squash above five percent.<br />
rankings.<br />
As we went to press, the most that<br />
could be said about the potential democracy in Hong Kong.<br />
There are those who feel he lost Seymour is generally seen to have<br />
result was that the outcome was still To reiterate a point I make in much <strong>of</strong> his political mana when he done a good job in building what was<br />
uncertain, with polls on who might my opinion column this month, New sided with Labour, but Peters remains basically a one seat party into a political<br />
force.<br />
lead the country essentially showing Zealand media reflects a wide range a long-time favourite <strong>of</strong> many in the<br />
the main parties were virtually level <strong>of</strong> views and, compared to many <strong>Bay</strong>.<br />
Any <strong>of</strong> these manoeuvrings might<br />
pegging.<br />
countries, casting a vote here is easy The recent poll showed National succeed and could deliver a very slim<br />
Election polling has become and fair. So make sure your vote up 1.6 percentage points from August majority government to either Labour<br />
increasingly sophisticated and accu-<br />
counts.<br />
to 34.9 per cent, while Labour was or National. Continued on page 5<br />
As you read this, our 12th and<br />
final issue <strong>of</strong> <strong>2023</strong>, I’d like to<br />
take the opportunity to thank all<br />
our advertisers, without who we<br />
could not produce <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
<strong>Business</strong> <strong>News</strong> every month.<br />
Ngā mihi nui.<br />
And to you our loyal business<br />
readers, have a safe Christmas<br />
and enjoy a break. We look<br />
forward to again bringing you<br />
more BOP business news in 2024.<br />
IP protection, simplified.<br />
We’ve been championing innovation since 1979.<br />
><br />
A safe JULY pair <strong>of</strong> hands delivering outstanding <strong>2023</strong><br />
results.<br />
From left: Joel Murphy – Holland Beckett Law; Ash Gee – Miss Gee's Bar & Eatery; Larissa Hodgson – Trimax; Brad Walker – Property Brokers; George Jackson – James & Wells;<br />
Arpége Taratoa – Creative <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>; Jeremy Sparrow – Holland Beckett Law; Paul Churchman, Xero New Zealand; Tom Rutherford – <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> candidate for National.<br />
Beyond reasonable<br />
> doubt, AUGUST it’s the start <strong>of</strong><br />
<strong>2023</strong><br />
an exciting new era.<br />
Tauranga’s Mackenzie Elvin<br />
joins Tompkins Wake.<br />
><br />
Bridging the gap.<br />
Quayside funds $60M motorway<br />
SEPTEMBER interchange, <strong>2023</strong><br />
providing much-needed<br />
infrastructure and regional benefit.<br />
jamesandwells.com<br />
July marked <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong><br />
<strong>News</strong>’ seventh birthday. We scoured<br />
the archives to see just how much<br />
had changed over those seven years<br />
and we selected a shortlist <strong>of</strong> other<br />
BOP businesses whose achievements<br />
over the years we felt warranted<br />
celebration. The accompanying<br />
stories from The Law Shop, Enterprise<br />
Angels, Copeland Ashcr<strong>of</strong>t and ABC<br />
<strong>Business</strong> Sales made interesting<br />
reading, and hopefully provided some<br />
real inspiration for the new crop <strong>of</strong><br />
up-and-coming firms in <strong>2023</strong>.<br />
tompkinswake.com<br />
The August issue announced a massive<br />
$70m investment decision for the<br />
Whakatane Mill.<br />
It also launched <strong>Business</strong> Under<br />
40s pr<strong>of</strong>iling a selection <strong>of</strong> highperforming<br />
local businesspeople under<br />
the age <strong>of</strong> 40. We reached out to the<br />
business community and asked them<br />
to tell us about the new generation <strong>of</strong><br />
personnel in their organisations who<br />
are really making a difference. We<br />
spoke to lawyers, artists, politicians,<br />
entrepreneurs and others – the takeout<br />
message for us: the future <strong>of</strong> <strong>Bay</strong> business<br />
is definitely in good hands.<br />
www.rangiuru.co.nz<br />
With the October General Election<br />
date looming <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong><br />
<strong>News</strong> September led with a preelection<br />
preview special – the front<br />
page headline noted that the choice <strong>of</strong><br />
government would likely be, ‘Down to<br />
the wire’.<br />
We also zero’d in on transport and<br />
infrastructure with background stories<br />
on Quayside’s new Rangiuru <strong>Business</strong><br />
Park development and the welcoming<br />
<strong>of</strong> the first goods trains at the Ruakura<br />
Inland Port set to transform freight<br />
moves across upper North Island.<br />
<strong>2023</strong><br />
PEOPLE BEHIND BAY BUSINESS<br />
OCTOBER <strong>2023</strong> VOLUME 7: ISSUE 10<br />
TRADE DELEGATION HOPES<br />
WWW.BOPBUSINESSNEWS.CO.NZ<br />
MINING BUSINESS WEALTH<br />
EV REVOLUTION:<br />
The new Mercedes-Benz EQS SUV,<br />
from Ingham-Sears, Mount Maunganui<br />
n August Farmer Autovillage<br />
hosted a FleetPartners EV<br />
Ishowcase event – the Journey<br />
to Carbon Zero.<br />
With the marking <strong>of</strong> <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
<strong>Business</strong> <strong>News</strong>’ seventh birthday in<br />
July, the team decided it was time for a<br />
refresh. The result: a new design, new<br />
recyclable paper stock, new page size,<br />
new Culture, People and <strong>News</strong> sections<br />
and a whole new feel for news stories<br />
in the <strong>Bay</strong>.<br />
Appropriately,<br />
the first ‘new look’<br />
edition featured<br />
an investigation <strong>of</strong><br />
electric vehicles for<br />
business and how<br />
the advances in<br />
EV technology are<br />
impacting businesses<br />
locally.<br />
FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
WERE YOU THERE?<br />
EVs for business are here<br />
now … and they are more<br />
affordable and practical<br />
than you think<br />
> As the general election approaches and political parties roll out policy<br />
SPECIAL REPORT announcements, many <strong>of</strong> which are focused on business and the environment,<br />
a second wave <strong>of</strong> messaging is dominating the ad breaks: electric vehicle ads. Are electric vehicles finally a practical,<br />
affordable option for businesses in New Zealand? This month we investigate and ask the experts for their analysis.<br />
CROWD CHARGED BY EV SHOWCASE EVENT<br />
> OCTOBER <strong>2023</strong><br />
18 BAY OF PLENTY BUSINESS NEWS November <strong>2023</strong><br />
PEOPLE<br />
Most people find it<br />
cha lenging enough to<br />
build a career while<br />
raising a family, without<br />
ever contemplating also<br />
leading a crusade to<br />
help the community’s<br />
most disadvantaged. But<br />
Bernice Breckon is not<br />
most people.<br />
> By ALAN NEBEN<br />
D<br />
on’t be fooled by the cheeky smile<br />
and the infectious laugh – this lady<br />
When she identified a ‘cavernous hole’<br />
in her Tauranga community’s health and<br />
“I saw first-hand young people fa ling<br />
through gaps in our society. It was – it is<br />
“But it doesn’t need to be that way –<br />
we can be part <strong>of</strong> a change to help our<br />
young, the rangatahi <strong>of</strong> our nation, to<br />
not only survive, but ultimately thrive;<br />
we just need the wi l, the knowledge and<br />
the support. When there’s a need, I have<br />
to respond. I’m not one to do things by<br />
halves or to shy away when the going<br />
She is <strong>of</strong> Ngāti Whawhakia and Mahanga<br />
descent from Waikato Tainui but<br />
This is a person who as a mother <strong>of</strong><br />
five and a grandmother <strong>of</strong> two knows<br />
about hardship and disadvantage; yet<br />
this is also a person who a the age <strong>of</strong> 41<br />
decided she wanted to join the gli terati<br />
and become a Ho lywood actre s and<br />
screenwriter – so she did. Doubt those<br />
credentials? Fact-check IMDB: yes, she’s<br />
It was Bernice’s personal experience<br />
<strong>of</strong> (litera ly) life and death cha lenges<br />
“Although I was on a trajectory <strong>of</strong> high<br />
achievement – ‘su ce s’ – I realised our<br />
kids, our rangitahi, were increasingly<br />
misunderstood, misdiagnosed and, as a<br />
PEOPLE<br />
> PROFILE<br />
New Page Macrae<br />
CEO focuses on<br />
a people centric<br />
culture.<br />
Page 20<br />
CULTURE<br />
> AN INSIDER’S GUIDE<br />
Tourism <strong>Bay</strong> <strong>of</strong><br />
<strong>Plenty</strong> previews<br />
sumptuous delights<br />
on <strong>of</strong>fer in the <strong>Bay</strong>.<br />
Page 18<br />
> BUSINESS PROFILE TE RATONGA POUMANAAKI<br />
BERNICE BRECKON<br />
THE HUMAN DYNAMO<br />
WHO CHARGED<br />
FROM AOTEAROA TO<br />
HOLLYWOOD...<br />
AND BACK AGAIN<br />
Te Ratonga Poumanaaki<br />
In 2020 she started a company to work<br />
with Oranga Tamariki (OT) providing<br />
care and protection for kids with<br />
extreme highly complex behaviours, disabilities<br />
and neurodiversity. Her organisation,<br />
Te Rotonga Poumanaaki (TRP)<br />
supported kids in need, 24 hours a day,<br />
7 days a week in hotel rooms provided<br />
By 2021 she began working with the<br />
Ministry <strong>of</strong> Education’s Intensive Wraparound<br />
Service supporting rangatahi<br />
with mentoring. By th end <strong>of</strong> the that<br />
“By mid-2022 we were focusing on<br />
rangatahi who were disengaged and<br />
finding it di ficult to learn in a neurotypical<br />
environment; this group was<br />
<strong>of</strong>ten excluded from mainstream schools<br />
because <strong>of</strong> their behaviour. Often this<br />
indicated potential trauma, diagnosed<br />
or undiagnosed conditions, criminal<br />
o fending (or at risk <strong>of</strong> criminal o fending),<br />
anti-social behaviours with peers,<br />
> When there’s a need, I have<br />
to respond … and I’m not<br />
one to do things by halves<br />
or to shy away when the<br />
goin gets tough.”<br />
and a tremendously distorted view <strong>of</strong> the<br />
school environment and a l it represents;<br />
rangatahi in thi space are operating in<br />
flight, fright, fight and or flock mode –<br />
At TRP’s one-year anniversary Bernice<br />
presented The Gap – an approach to<br />
learning ca led Neurodiverse Individualised<br />
Learning (NIL). NIL is designed to<br />
T<br />
“Each se sion we were able to identify<br />
what worked and what didn’t. We<br />
discovered early on they were not interested<br />
in schoolwork, so we opted to focus<br />
them on ‘themselves’, their we lbeing<br />
and to understand who they are, how<br />
they think, why they think that way and<br />
acknowledgemen that it’s okay to think<br />
Te Rotonga Poumanaaki turned a corner<br />
when they found rangatahi engaging<br />
and participating. Focu switched to<br />
empowering them to navigate anything<br />
NOVEMBER <strong>2023</strong> VOLUME 7: ISSUE 11<br />
PEOPLE<br />
> PROFILE<br />
Bernice Breckon –<br />
A human dynamo<br />
determined to<br />
make a difference<br />
Page 18-19<br />
CULTURE<br />
> LEISURE<br />
Summer time, and<br />
the cruisin’s easy –<br />
Tauranga Harbour<br />
beckons<br />
Page 23<br />
MIDDLE-EAST CONUNDRUM<br />
WWW.BOPBUSINESSNEWS.CO.NZ<br />
POST-ELECTION UPDATE<br />
FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
ALAN NEBEN NOTICES<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> MPs Scott Simpson, Tom Rutherford, Dana Kirkpatrick, Sam Uffinde l and Todd McClay represented the general countrywide trend to National.<br />
NATS DECISIVE<br />
CLEAN-SWEEP<br />
ACROSS THE BAY<br />
> We look at the general electorates that make up <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
SPECIAL ELECTION REPORT <strong>Business</strong> <strong>News</strong>’ circulation area and talk to the successful<br />
candidates about the message they are taking from the results. Our political specialist David Porter also talks to local<br />
business leaders about the National clean-sweep and what they believe BOP businesses can expect in the term ahead. Page 6<br />
BOOK YOUR<br />
><br />
CHRISTMAS FUNCTION<br />
AT TRINITY WHAR F<br />
Dinner & Harbour Cruise | The Great Gatsby Christmas Quiz<br />
NOVEMBER <strong>2023</strong><br />
Waterfront dining at the Restaurant | Private Function Spaces<br />
While BBNs September pre-election<br />
special headline ‘Down to the Wire’<br />
suggested the results <strong>of</strong> the upcoming<br />
election were going to be ‘no sure<br />
thing’, the November post-election<br />
issue headline told a different story:<br />
CULTURE<br />
> TRINITY WHARF TAURANGA<br />
rinity Wharf, nestled in the heart<br />
<strong>of</strong> Tauranga, New Zealand, is a<br />
renowned for its stunning views and<br />
exquisite dining experiences.<br />
Among its standout o ferings is the<br />
Dinner and Sunset Harbour Cruise, an<br />
unforge table excursion that combines<br />
gourmet cuisine with breathtaking<br />
scenery.<br />
The tranquil su roundings and contemporary<br />
design <strong>of</strong> the hotel serves<br />
as a perfect complement to the natural<br />
beauty <strong>of</strong> Tauranga.<br />
Guests are greeted in the elegant,<br />
light-fi led Trinity Wharf lounge with<br />
a welcome drink. Fo lowed by a delicious<br />
bu fet menu featuring miso glazed<br />
salmon, slow-cooked beef sirloin with<br />
chimichu ri and lemon panna co ta<br />
with macadamia crunch. Before being<br />
whisked away by The <strong>Bay</strong> Explorer from<br />
Trinity Wharf’s very own pontoon.<br />
The intimate atmosphere <strong>of</strong> the cruise<br />
a lows guests to connect with the natural<br />
beauty <strong>of</strong> the region. The changing<br />
hues <strong>of</strong> the sunset paint a mesmerising<br />
backdrop for th evening, creating<br />
an ambience that is both romantic and<br />
awe-inspiring.<br />
The Trinity Wharf Dinner and Sunset<br />
Harbour Cruise is ideal for a variety <strong>of</strong><br />
o casions. Whether it be a romantic date<br />
November <strong>2023</strong> BAY OF PLENTY BUSINESS NEWS 23<br />
> DINNER & SUNSET HARBOUR CRUISE<br />
Enjoy a night ou to remember thi summer season<br />
with Trinity Wharf’s Dinner and Harbour Cruise!<br />
ABOARD FOR A CRUISY NIGHT<br />
family, or special event, this experience<br />
caters to a l. The cruise’ serene se ting<br />
and impe cable service make it a popular<br />
choice for girls’ nights, anniversaries,<br />
promises an evening that wi l be cherished<br />
for years to come. It’s an opportunity<br />
to savour the beauty <strong>of</strong> New Zealand’s<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> in a way that leaves<br />
“NATS DECISIVE<br />
CLEAN-SWEEP<br />
ACROSS THE<br />
BAY”. Feedback<br />
from <strong>Business</strong><br />
<strong>News</strong> readers was<br />
overwhelmingly<br />
positive – they<br />
loved the new<br />
design and<br />
particularly the<br />
People and Culture<br />
sections.<br />
DECEMBER <strong>2023</strong> VOLUME 7: ISSUE 12<br />
BBN <strong>2023</strong>: YEAR IN REVIEW<br />
WWW.BOPBUSINESSNEWS.CO.NZ<br />
ROTORUA <strong>2023</strong> BUSINESS AWARDS<br />
FACEBOOK.COM/BAYOFPLENTYBUSINESSNEWS<br />
NEW APPOINTMENTS<br />
BUSINESS LEADERS<br />
REVIEW <strong>2023</strong>/2024<br />
> Each <strong>December</strong>, <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> <strong>News</strong> sits down with with members <strong>of</strong> the business<br />
SPECIAL FOCUS community and asks them to talk about their experiences <strong>of</strong> the current environment. In this<br />
<strong>December</strong>’s Thought Leaders edition we hear from 12 prominent business people as they consider the prospects for their own<br />
businesses, their industry sectors and for the business community as a whole in <strong>2023</strong>/2024. See pages 8-19.<br />
WE WANT YOU!<br />
><br />
TO BE PART OF 100 PEOPLE MAGAZINE 2024<br />
BOOK YOUR PROFILE IN THE 2024 EDITION NOW FROM AS LITTLE AS $295 + GST<br />
Booking deadline Friday, February 16, 2024 | Publishing March 2024<br />
DECEMBER <strong>2023</strong><br />
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out<br />
RECRUITING NOW!<br />
For more information, please get in touch info@bopbusinessnews.co.nz<br />
PEOPLE BEHIND BAY BUSINESS<br />
As you will probably have noticed, the<br />
Thought Leaders issue is back again this<br />
month. We’ve changed things up again<br />
this year for the <strong>December</strong> issue. We’ve<br />
said to our regular columnists, “take a<br />
break this month”, and we’ve focused the<br />
issue almost exclusively on what we term<br />
Thought Leaders.<br />
As <strong>2023</strong> comes to a close <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
<strong>Business</strong> <strong>News</strong> has focused on industry<br />
sector leaders and their thoughts on<br />
where they see their industry, their<br />
business and the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> business<br />
community going in 2024 in addition<br />
to reflecting on the year that’s been<br />
<strong>2023</strong>. We think you’ll find their thoughts<br />
interesting.<br />
(Don’t worry, the columnists will be<br />
back in January).<br />
2024<br />
NEW YEAR,<br />
NEW PEOPLE,<br />
NEW INSPIRATION<br />
100 PEOPLE Behind <strong>Bay</strong> <strong>Business</strong> –<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> <strong>Business</strong> <strong>News</strong>’ newest<br />
magazine title which launched in<br />
<strong>2023</strong>, is due to hit the market again<br />
with the second edition in 2024.<br />
The magazine pr<strong>of</strong>iles the people<br />
behind <strong>Bay</strong> business in an intelligent,<br />
insightful and inspiring way so that<br />
readers can learn more about them,<br />
their expertise, their experience<br />
and their business. Look out for 100<br />
PEOPLE Behind <strong>Bay</strong> <strong>Business</strong> 2024,<br />
coming your way soon.<br />
> “We’re excited to tell these<br />
stories. This magazine<br />
<strong>of</strong>fers a great opportunity<br />
for everyone to find out<br />
more about the people<br />
behind our most successful<br />
businesses. It’s quite a<br />
unique concept – I think<br />
it’s going to be a real<br />
winner again in 2024.” <br />
<br />
– PETE WALES,<br />
BUSINESS DIRECTOR
8 BAY OF PLENTY BUSINESS NEWS <strong>December</strong> <strong>2023</strong><br />
SHIPPING CONTAINERS<br />
Having greater capacity in a strategic and<br />
thriving hub like Tauranga ensures customers<br />
have access to the right product at the right time to<br />
meet their needs and ensures quick and efficient<br />
deployment <strong>of</strong> shipping containers.”<br />
The new Royal Wolf site, located at 353 Taurikura Drive in the Tauriko <strong>Business</strong> Estate.<br />
Growing population and<br />
buoyant local economy drive<br />
shipping container demand<br />
Ongoing regional growth, construction and<br />
infrastructure activity, and hints <strong>of</strong> optimism as<br />
<strong>2023</strong> ends are key factors driving demand for<br />
shipping container products in <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>.<br />
Shipping containers changed<br />
the way the world did business<br />
more than 60 years<br />
ago, and these big steel boxes<br />
continue to support and provide<br />
innovative solutions across a<br />
broad range <strong>of</strong> sectors.<br />
From refrigerated containers<br />
and dry storage through to dangerous<br />
goods units and portable<br />
buildings for the construction<br />
industry, local businesses are<br />
looking for the cost benefits and<br />
increased efficiencies shipping<br />
containers provide.<br />
They are using shipping containers<br />
for a wide range <strong>of</strong> purposes.<br />
Containerised <strong>of</strong>fices are<br />
being used widely across many<br />
infrastructure, construction, and<br />
building projects around <strong>Bay</strong> <strong>of</strong><br />
<strong>Plenty</strong>. Hoardings, containerised<br />
walkways that create safe pedestrian<br />
access around tight footprint<br />
construction projects, are<br />
also in constant demand.<br />
There are a range <strong>of</strong> other uses<br />
from refrigeration containers to<br />
store frozen or chilled products<br />
for supermarkets, events, and<br />
festivals, through to containers<br />
for the primary sector and manufacturing<br />
industry.<br />
Strategic advantage<br />
Royal Wolf expanded its operation<br />
in <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> this year to<br />
meet increased demand for hire<br />
products and self-storage as the<br />
region’s population continues to<br />
grow.<br />
The new Royal Wolf site,<br />
located at 353 Taurikura Drive<br />
in the Tauriko <strong>Business</strong> Estate,<br />
has significant capacity to meet<br />
growing demand including a<br />
dedicated 24/7 self-storage facility<br />
to address the need for extra<br />
storage.<br />
Having greater capacity in a<br />
strategic and thriving hub like<br />
Tauranga ensures customers<br />
have access to the right product<br />
to meet their needs and ensures<br />
quick and efficient deployment<br />
<strong>of</strong> containers.<br />
State <strong>of</strong> the art selfstorage<br />
facility<br />
The new <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> self-storage<br />
facility sets a new benchmark<br />
for Royal Wolf’s New Zealand and<br />
Australia operation, with 24/7 pin<br />
code access and units ranging in<br />
size from 10 to 20 feet as well as<br />
20-foot refrigeration containers.<br />
Statistics NZ data from October<br />
2022 shows <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>’s<br />
population growth is driven by<br />
increases in the Western <strong>Bay</strong> <strong>of</strong><br />
<strong>Plenty</strong> area and Tauranga city,<br />
which saw the highest population<br />
growth among all urban centres<br />
in New Zealand.<br />
While population growth has<br />
RYAN STORM, the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> Branch<br />
Manager for Royal Wolf, a United Rentals<br />
company that specialises in shipping<br />
containers, and <strong>Business</strong> Development<br />
Manager JESSICA CRAMB, possess<br />
both the expertise and container<br />
solutions to solve various business<br />
challenges for customers.<br />
levelled <strong>of</strong>f in <strong>2023</strong>, bringing it<br />
in line with national levels, it<br />
continues to create demand for<br />
self-storage container options<br />
for local businesses and homeowners<br />
who don’t have space<br />
to keep a shipping container, or<br />
other storage solutions, on their<br />
property.<br />
For example, a 20-foot Wolf<br />
Lock container when fully loaded<br />
holds the equivalent <strong>of</strong> a standard<br />
three bedroom home.<br />
People are storing everything<br />
from overflow products from<br />
retail outlets, through to household<br />
items where a family has<br />
run out <strong>of</strong> space at home, or they<br />
are moving house and need extra<br />
storage space for a temporary<br />
period.<br />
Wider range, greater<br />
capacity<br />
There are a greater variety <strong>of</strong> container<br />
products on the ground in<br />
<strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> than ever before to<br />
meet the increased demand from<br />
across a wide range <strong>of</strong> industries<br />
including infrastructure, government,<br />
and building and construction,<br />
through to retail, agri-business,<br />
intermodal and events.<br />
Royal Wolf also supply to community<br />
groups, local grassroots<br />
organisations, and sporting clubs<br />
with container products to support<br />
the work they do.<br />
Customers in <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
also have greater access to<br />
Royal Wolf’s innovative container<br />
products, including the<br />
award-winning Wolf Lock Safety<br />
shipping container, exclusive to<br />
Royal Wolf and Site Hub, a fully<br />
self-contained work site solution.<br />
Powered by renewable<br />
energy, the Site Hub can be set<br />
up quickly and made operational<br />
without the need for external<br />
infrastructure. It helps to make<br />
operations more efficient and<br />
provides significant cost savings<br />
for businesses.<br />
The Tauranga site will also<br />
undertake highly specialised<br />
container modifications to meet<br />
customer’s bespoke needs.<br />
Taking local business<br />
to next level<br />
It’s key to collaborate with customers<br />
to support their needs.<br />
Royal Wolf continues to develop<br />
and supply innovative container<br />
solutions that help our customers<br />
do everything from reducing<br />
costs through to gaining a<br />
competitive advantage in their<br />
business.<br />
Royal Wolf takes a design-led<br />
approach to transforming traditional<br />
shipping containers into a<br />
diverse array <strong>of</strong> products. Much<br />
<strong>of</strong> this innovation is driven by<br />
what our customers want and<br />
need from a container. They are<br />
not only helping us to develop<br />
new products but to continuously<br />
enhance existing products.<br />
With over 28 years <strong>of</strong> experience<br />
and company operated<br />
locations throughout New Zealand<br />
and Australia, Royal Wolf is<br />
proud to be Australasia’s largest<br />
provider <strong>of</strong> shipping containers<br />
for hire and sale, along with<br />
specialised shipping container<br />
modifications.<br />
Speak to our New Zealand<br />
team at 0800 266 824 or visit<br />
www.royalwolf.co.nz to learn<br />
more.
<strong>December</strong> <strong>2023</strong> BAY OF PLENTY BUSINESS NEWS 9<br />
ARCHITECT – URBAN DESIGN<br />
Design Engine Architects<br />
A blue-sky vision for the Tauranga <strong>of</strong> tomorrow<br />
2<br />
3<br />
MARK WASSUNG,<br />
Architect<br />
Accepting “more <strong>of</strong> the<br />
same” in Tauranga’s urban<br />
design spaces at such a crucial<br />
time in the city’s development<br />
history is furthest from the mind<br />
<strong>of</strong> Design Engine Architects directors<br />
Mark and Abigail Wassung.<br />
After seven years based in Tauranga<br />
having moved over the hill<br />
from Hamilton, they are excited<br />
about what Tauranga city could<br />
become in the coming decade,<br />
and the role Design Engine can<br />
play in shaping that future.<br />
Mark envisions Tauranga and<br />
Hamilton as one city in the next<br />
10 years, connected by high-speed<br />
rail with passenger train stations<br />
through a new Kaimai Tunnel<br />
that is multimodal ie. for trains,<br />
trucks, cars and cyclists/pedestrians,<br />
connected to Tauranga Connect<br />
multimodal transport network<br />
with buses, trains, ferries<br />
and cycle routes, plus two new<br />
four lane bridges high enough<br />
to allow ferries under, to replace<br />
the existing Turret Road bridge<br />
and Maungatapu bridge to enable<br />
better flow across the roading<br />
network.<br />
“As a company we have always<br />
looked outside the usual boundaries<br />
<strong>of</strong> conventional design, we are<br />
more about the ‘what if’ rather<br />
than the ‘what is’, and never has<br />
1<br />
1. The New Consult 365 Papamoa Clinic medical centre open 24/7. 2. Tauranga “Kupenga,” a cable car transport<br />
network. 3. High-End Residential Beach House. 4. Modular, prefabricated smart solar bus shelters design.<br />
the city been better poised to benefit<br />
from this sort <strong>of</strong> thinking,”<br />
says Mark.<br />
Design Engine’s portfolio <strong>of</strong><br />
work spans the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> and<br />
Waikato, comfortably encompassing<br />
a range <strong>of</strong> projects as varied<br />
as a thermal and mineral water<br />
resort, transport hub, ocean terminal,<br />
train station, a medical<br />
centre, eco housing subdivision,<br />
10,000 m2 super workshop/solar<br />
farm and a multi-generation family<br />
beach home.<br />
The ease <strong>of</strong> working between<br />
different design functions and<br />
regions is matched to Design<br />
Engine incorporating many <strong>of</strong> the<br />
leading-edge concepts and technology<br />
into their building designs.<br />
The new Papamoa Consult 365<br />
Clinic medical centre open 24/7<br />
with 8-minute wait times, highlights<br />
Design Engine’s emphasis<br />
upon place and people in its<br />
design.<br />
Drawing strongly <strong>of</strong>f its seaside<br />
locale, the centre’s design<br />
touchpoints have captured the<br />
beach that plays such a big part in<br />
the lives <strong>of</strong> so many <strong>of</strong> its patients.<br />
Flowing wave forms, islands,<br />
trees, and green walls are visual<br />
cues for patients and visitors to<br />
enhance movement through the<br />
clinic, while a shell shaped area<br />
defines the reception area and<br />
waiting zones are defined by<br />
beach shaped flowing form areas.<br />
“This is a prototype design that<br />
we can see being applied elsewhere<br />
in the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong>, it is a<br />
visually appealing, bold, colourful<br />
design that provides a calming,<br />
comfortable and safe sanctuary.”<br />
In the nuts-and-bolts reality<br />
<strong>of</strong> building construction, Design<br />
Engine is increasingly incorporating<br />
cutting-edge materials<br />
that turn buildings into smart,<br />
eco-friendly, energy efficient<br />
structures.<br />
Materials like paper thin<br />
solar cells, hydro ceramics and<br />
bio-based building products are<br />
enabling clients to sensitively<br />
integrate their buildings with<br />
their environment, minimising<br />
carbon footprints, and optimising<br />
energy efficiency.<br />
Design Engine took many<br />
<strong>of</strong> these modern materials and<br />
incorporated them into their<br />
bright solution for new city bus<br />
shelters in Tauranga.<br />
The prefabricated smart solar<br />
bus shelters design takes a modular,<br />
relocatable approach to the<br />
structure, with a solar powered<br />
unit to light up signs, timetables,<br />
and security cameras.<br />
Design Engine has also<br />
designed a small 20-seat electric<br />
bus that provides fast, frequent,<br />
reliable, and affordable transport.<br />
Often the smartest and most<br />
commercially sensible move<br />
when seeking a more modern<br />
facility is to adapt an existing<br />
building, upgrading it to meet the<br />
environmental, economic and<br />
community expectations that go<br />
with modern design.<br />
Design Engine has the skills<br />
to capture an old building’s<br />
strengths to leverage it into a new<br />
lease on life. “Adaptive reuse” can<br />
help reduce the waste generated<br />
through demolition and see an old<br />
building re-purposed and back<br />
into a new life cycle far quicker<br />
than opting for the expense and<br />
time taken in building a new one.<br />
Design Engine’s DNA has<br />
blue sky thinking unapologetically<br />
embedded within it. This<br />
goes beyond just the buildings<br />
they have worked with clients<br />
on, to include a number <strong>of</strong> proposals<br />
promoting alternative<br />
means <strong>of</strong> travel reducing reliance<br />
upon private cars, options<br />
that stretch beyond the usual<br />
definitions <strong>of</strong> “public transport.”<br />
This has included the Tauranga<br />
“Kupenga,” a cable car transport<br />
network running across the harbour<br />
to <strong>Bay</strong>fair, and up to downtown<br />
Mount Maunganui.<br />
Kupenga would remove dozens<br />
<strong>of</strong> vehicles <strong>of</strong>f the road and<br />
provide a unique public transport<br />
solution for the city.<br />
“We see huge opportunities<br />
for intensification <strong>of</strong> living in<br />
the Tauranga city area in coming<br />
years. This obviously includes the<br />
Cameron Road area, but could<br />
also include the Maungatapu Peninsula,<br />
with its unparalleled views<br />
and proximity to the city, it just all<br />
has to be linked up better.”<br />
Taking the latest in design technology<br />
and materials, creating<br />
buildings that respect the people<br />
and the environment they exist<br />
for and within, means Design<br />
Engine is poised to play a crucial<br />
part in shaping the Tauranga <strong>of</strong><br />
tomorrow, creating a liveable city<br />
for all the generations choosing it<br />
as their home.<br />
4<br />
CULTURAL CENTRE<br />
CONNECTIVITY | SUSTAINABILITY<br />
COLLABORATION | SYNERGY<br />
DESIGN ENGINE is a Tauranga<br />
based group <strong>of</strong> architects, urbanists,<br />
and inventors working on<br />
transformational projects throughout<br />
Aotearoa. We can assist you<br />
with concept designs and ideas that<br />
can prepare you and your business<br />
to achieve maximum sustainable<br />
growth, future pro<strong>of</strong>ing and creating<br />
an environment that people want to<br />
live, work and play in. We want to<br />
be associated with companies that<br />
are making positive change.<br />
COMMERCIAL | TOURISM<br />
CULTURAL | INFRASTRUCTURE<br />
MEDICAL | 3D PRINTING<br />
DESIGNER HOMES<br />
www.designengine.co.nz<br />
CONTACT MARK WASSUNG 021 138 3739 mark@designengine.co.nz
10 BAY OF PLENTY BUSINESS NEWS <strong>December</strong> <strong>2023</strong><br />
BUSINESS BROKERS<br />
Preparing for<br />
a successful<br />
business exit<br />
In the looming landscape <strong>of</strong> the business world, a<br />
wave <strong>of</strong> change is on the horizon as the baby boomer<br />
generation prepares to retire, flooding the market<br />
with businesses for sale. This impending surge not<br />
only raises concerns about the potential devaluation<br />
<strong>of</strong> businesses but also hints at a challenging and<br />
protracted sales process for many. In response to<br />
this, the pivotal role <strong>of</strong> preparing or “grooming”<br />
a business for sale has gained unprecedented<br />
significance, promising a crucial impact on the<br />
success and positivity <strong>of</strong> the outcome.<br />
For countless business owners,<br />
the decision to sell<br />
marks the culmination <strong>of</strong><br />
years <strong>of</strong> unwavering personal<br />
dedication and effort. A successful<br />
exit not only signifies a financial<br />
milestone but <strong>of</strong>ten paves the<br />
way for a contented and fulfilling<br />
retirement.<br />
Strategic preparation or<br />
grooming ahead <strong>of</strong> the sale<br />
becomes paramount in maximizing<br />
a business’s efficiency, earning<br />
potential, structural integrity,<br />
and overall presentation.<br />
Neglecting this process, which is<br />
unfortunately a common oversight,<br />
can lead to missed opportunities<br />
and suboptimal sale prices.<br />
While every business is<br />
unique, there are fundamental<br />
and straightforward steps that<br />
owners can adopt to ensure they<br />
secure the highest possible sale<br />
price. It is crucial to recognise<br />
that every business owner will<br />
eventually exit their business,<br />
and the key is to exit on one’s own<br />
terms rather than as a reaction to<br />
unforeseen circumstances.<br />
Step 1: Define Your<br />
“Walk Away” Number<br />
The first step in preparing your<br />
business for sale is to establish<br />
your “walk away” number.<br />
Whether driven by concerns<br />
about legacy, a smooth transition<br />
to family or management,<br />
or meeting financial retirement<br />
goals, consulting with a financial<br />
planner and a pr<strong>of</strong>essional business<br />
broker is recommended.<br />
They can assess your current situation<br />
and help you identify the<br />
financial threshold at which you<br />
can comfortably exit.<br />
Step 2: Seek<br />
Pr<strong>of</strong>essional Advice<br />
Don’t hesitate to seek pr<strong>of</strong>essional<br />
advice early on in the process.<br />
Engage with local business<br />
brokers, accountants, or lawyers<br />
who can guide you through<br />
the preparation process. Their<br />
expertise can be invaluable in<br />
STEVEN MATTHEWS,<br />
LINK <strong>Business</strong><br />
Brokers, Tauranga<br />
navigating the complexities <strong>of</strong><br />
selling a business.<br />
Step 3: Get Your<br />
Accounts in Order<br />
Potential buyers are deterred<br />
by poorly maintained accounts.<br />
Ensure your financial records<br />
are in top-notch condition, accurately<br />
reflecting your business’s<br />
financial health. This step will<br />
prove beneficial during the<br />
appraisal and due diligence<br />
processes.<br />
Step 4: Make Yourself<br />
Dispensable<br />
Avoid the common mistake <strong>of</strong><br />
being indispensable to your<br />
business. If you’ve named<br />
your company after yourself,<br />
take steps to ensure that your<br />
role can be seamlessly transferred.<br />
Buyers are wary <strong>of</strong> businesses<br />
overly reliant on the<br />
founder, and making yourself<br />
dispensable enhances the business’s<br />
appeal.<br />
Step 5: Lock in Your<br />
Employees<br />
As an extension <strong>of</strong> making yourself<br />
dispensable, focus on grooming<br />
and retaining key employees.<br />
Encourage them to take on more<br />
responsibilities, creating a team<br />
that can seamlessly operate the<br />
business post-sale.<br />
Step 6: Put a Team in<br />
Place<br />
During the sales process, maintain<br />
a strong team to ensure the<br />
business remains stable. Transactional<br />
hiccups <strong>of</strong>ten occur<br />
when owners neglect day-to-day<br />
operations, causing concerns for<br />
potential buyers.<br />
Step 7: Presentation<br />
While numbers are critical, the<br />
emotional aspect <strong>of</strong> a transaction<br />
should not be overlooked. Buyers<br />
make decisions based on their<br />
feelings about a business. Ensure<br />
your premises and overall business<br />
appearance radiate success<br />
and pr<strong>of</strong>essionalism.<br />
Each <strong>of</strong> these steps aims to<br />
instil confidence in potential buyers,<br />
portraying your business as<br />
solid, well-structured, pr<strong>of</strong>itable,<br />
and more attractive than others<br />
on the market. In the dynamic<br />
landscape <strong>of</strong> business sales, proactive<br />
preparation is not just a<br />
choice; it’s a necessity for achieving<br />
a successful and lucrative<br />
exit.<br />
LINK <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> has accomplished<br />
over 1,000 successful local<br />
business transactions, establishing<br />
ourselves as the largest and<br />
most prosperous brokerage in the<br />
<strong>Bay</strong>. If you are contemplating the<br />
sale <strong>of</strong> your business in the present<br />
or upcoming future, feel free<br />
to reach out to us. We <strong>of</strong>fer a complimentary,<br />
obligation-free, and<br />
completely confidential consultation<br />
with one <strong>of</strong> our specialised<br />
business brokers.<br />
Seize the chance to enjoy the<br />
fruits <strong>of</strong> your hard work and<br />
ensure a successful exit. Connect<br />
with us today.<br />
Curious to know the<br />
value <strong>of</strong> your business?<br />
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<strong>December</strong> <strong>2023</strong> BAY OF PLENTY BUSINESS NEWS 11<br />
INFORMATION TECHNOLOGY<br />
What’s the future for your IT?<br />
Virtually every business uses technology, whether it’s as minimal as an app on your cell phone, tablet or<br />
computer, or a suite <strong>of</strong> applications used by an <strong>of</strong>fice full <strong>of</strong> people with computers and devices. As a business<br />
leader, one <strong>of</strong> the many decisions you must make is how to ensure your IT infrastructure is improving and<br />
protecting your business. No matter your requirements, you must consider how you use technology in your<br />
business, and how it can be utilised to both secure and enhance your processes and efficiencies.<br />
So what is in the future for your IT?<br />
Investment<br />
Investing in technology now<br />
will inevitably reduce downtime<br />
in the future.<br />
Electronics are not forever.<br />
We know this in our personal<br />
lives when cell phones die, or<br />
laptops stop working. This fact<br />
is even more true in a business.<br />
Long before a computer bites the<br />
dust, it will begin to raise problems<br />
such as running slowly or<br />
critical applications crashing.<br />
Each <strong>of</strong> these problems is<br />
reducing productivity for the<br />
staff member using the device,<br />
and that downtime is effectively<br />
lost money. Much like a car at the<br />
end <strong>of</strong> its life, you must decide<br />
when it is no longer viable to<br />
keep throwing good money after<br />
bad, and to just replace it. Having<br />
a device replacement plan<br />
helps ensure you’ve budgeted in<br />
advance for these costs.<br />
The same applies to your<br />
IT infrastructure. Things like<br />
routers, servers and wireless<br />
access points must be replaced<br />
on a schedule – albeit a much<br />
longer-term schedule to avoid<br />
unexpected downtime. If a piece<br />
<strong>of</strong> core infrastructure fails, the<br />
impact is considerably greater<br />
than a single computer.<br />
Prioritising technology spend<br />
can sometimes be challenging,<br />
and it can be tempting to delay<br />
the investment until your hand<br />
is forced. The risk with that<br />
approach is once you reach that<br />
stage, you will have already<br />
lost productivity through inefficient<br />
systems. You then have the<br />
lost time and un-needed stress<br />
caused by hurriedly finding new<br />
equipment. Building ongoing<br />
technology investment into your<br />
budget will help you avoid these<br />
problems and give you the best<br />
returns in the long run.<br />
Innovation and<br />
Automation<br />
Innovation can seem scary.<br />
When you are changing business<br />
processes you are stepping away<br />
from the known and into the<br />
unknown, and even with extensive<br />
testing and pilot groups<br />
there is still risk associated with<br />
the change. However, researching<br />
and automating new processes<br />
is one way that your business<br />
can remain competitive in<br />
its industry.<br />
How <strong>of</strong>ten do you review your<br />
daily tasks and consider whether<br />
they could be streamlined?<br />
Administrative work is necessary<br />
but expensive. The best way<br />
to mitigate the cost <strong>of</strong> this work is<br />
to review and improve processes.<br />
You can apply innovative new<br />
tools and automate time-consuming<br />
tasks to reduce the financial<br />
burden <strong>of</strong> this work. Obviously<br />
not all work can be handled by<br />
a computer, but with the advent<br />
<strong>of</strong> AI tools, more and more tasks<br />
can be automated. By implementing<br />
innovative new ideas you can<br />
free your people to do what they<br />
do best and make your business<br />
remarkable.<br />
Technology ultimately brings<br />
opportunity, and by training your<br />
people with new tools you can<br />
elevate them to help them keep<br />
up with the changing times and<br />
challenges they face.<br />
Cybersecurity<br />
Cybersecurity is a buzz word in<br />
business these days, but it is so<br />
much more than that. It’s a huge<br />
part <strong>of</strong> ensuring your business<br />
remains safe. Therefore it needs<br />
to be better understood and fully<br />
embraced rather than just talked<br />
about.<br />
CERT NZ reports that New<br />
Zealand business have faced a<br />
combined financial loss <strong>of</strong> over<br />
$20m in 2022 due to cybercrime<br />
alone! There are a variety <strong>of</strong> steps<br />
that you can take to help protect<br />
yourself from cybercrime, such<br />
as implementing a managed EDR<br />
solution, enforcing MFA on all<br />
user accounts, requiring device<br />
encryption, and implementing<br />
more stringent email security<br />
requirements. These are just<br />
some <strong>of</strong> the things that you can<br />
implement to avoid falling victim<br />
to cybercrime.<br />
<strong>Business</strong> Continuity<br />
Disaster Recovery<br />
<strong>Business</strong> Continuity Disaster<br />
Recovery or BCDR planning is<br />
crucial for ensuring that if the<br />
worst does happen, you have a<br />
plan on how to continue operating<br />
your business and how<br />
to recover in the shortest time<br />
possible.<br />
One component <strong>of</strong> a BCDR<br />
plan is backups. Having a solid<br />
backup strategy in place can<br />
allow you to recover from almost<br />
any event, whether it be a natural<br />
disaster, a major cyber event,<br />
a lightning storm, or even human<br />
error. In any instance, if you<br />
have secure backups, you will<br />
be able to recover with as little<br />
downtime as possible.<br />
Cyber Insurance policies are<br />
increasingly becoming necessary<br />
for business, and they come<br />
EZRA RENTOUL,<br />
Technical Engineer,<br />
Stratus Blue<br />
with specific requirements.<br />
They provide a great baseline<br />
for ensuring you protect yourself<br />
against opportunistic or<br />
malicious attacks. Some <strong>of</strong> the<br />
requirements are; implementing<br />
a managed EDR solution, enforcing<br />
MFA and configuring a robust<br />
backup strategy – which as mentioned<br />
above, are already recommended<br />
steps to improve your<br />
security posture.<br />
These are only a couple <strong>of</strong> the<br />
things to consider when creating<br />
a BCDR plan, but by starting with<br />
these two, you will be in a good<br />
position to manage anything that<br />
comes.<br />
Investment, Innovation,<br />
Cybersecurity & BCDR. If you<br />
don’t have one or more <strong>of</strong> these,<br />
then perhaps it is time to reconsider<br />
your IT stance.<br />
Making Quality IT,<br />
Simple<br />
www.stratusblue.co.nz<br />
0800 2 ASSIST
12 BAY OF PLENTY BUSINESS NEWS <strong>December</strong> <strong>2023</strong><br />
REGIONAL INVESTING<br />
Collective strength<br />
Left to right: Sam Newbury,<br />
Lyndon Settle, Davide Caloni.<br />
Ki te Kotahi te kākaho, ka whati;<br />
ki te kāpuia, e kore e whati.<br />
If a reed stands alone, it can be broken;<br />
if it is in a group, it cannot.<br />
This whakataukī (Māori proverb) encapsulates<br />
the power <strong>of</strong> collective strength, a philosophy that<br />
underpins Quayside Holdings way <strong>of</strong> working as<br />
they look to the future.<br />
As the commercial investment<br />
arm <strong>of</strong> <strong>Bay</strong> <strong>of</strong><br />
<strong>Plenty</strong> Regional Council,<br />
Quayside’s primary function<br />
is to deliver sustainable longterm<br />
returns to its shareholder,<br />
through responsible asset management.<br />
It’s a structure, where<br />
Quayside invests on behalf <strong>of</strong><br />
the Council, providing an annual<br />
shareholder dividend and retaining<br />
a portion for growth capital.<br />
How it delivers and who’s<br />
behind this small but mighty<br />
machine has largely remained<br />
a mystery in years gone by. But<br />
that is changing.<br />
Key ingredients <strong>of</strong> a<br />
high-performing team<br />
CEO, Lyndon Settle has brought<br />
a renewed focus on collaborative<br />
working. With a multi-disciplinary<br />
team <strong>of</strong> specialists in<br />
their field including, investment<br />
managers, chartered accountants,<br />
engineers, lawyers, people<br />
and culture specialists and marketers<br />
- the knowledge and experience<br />
is unyielding. Lyndon’s<br />
ability to influence, motivate<br />
and enable others to collectively<br />
contribute towards a shared<br />
vision and purpose, has been the<br />
catalyst to this inclusive way <strong>of</strong><br />
working.<br />
“We support our people to<br />
be curious, creative and think<br />
outside the box. Bold initiatives<br />
live alongside radical candour<br />
in this niche environment. This<br />
takes the form <strong>of</strong> brave, open and<br />
respectful conversations, where<br />
we strive to listen to understand,<br />
rather than defend. Working in<br />
silos can create bias and limit<br />
our opportunity to see new perspectives<br />
whereas collaboration<br />
fosters innovation, forcing us to<br />
expand our thinking and look to<br />
the periphery, which is crucial<br />
in today’s competitive environment,”<br />
says Lyndon.<br />
Davide Caloni as the General<br />
Manager – Finance for Quayside<br />
Group, is a pivotal member <strong>of</strong> the<br />
Senior Leadership Team, playing<br />
a multifaceted role heading the<br />
finance and treasury functions<br />
and supporting the execution<br />
<strong>of</strong> the investment strategies. As<br />
the head <strong>of</strong> finance and treasury<br />
functions, Davide is at the forefront<br />
<strong>of</strong> ensuring the Group’s<br />
financial health and statutory<br />
obligations are met and optimised,<br />
managing tax obligations,<br />
project accounting, and providing<br />
specialist advice on investment<br />
and divestment opportunities<br />
across various asset classes.<br />
Davide creates enterprise<br />
value by analysing cash and<br />
debt management practices and<br />
existing assets and investments,<br />
which form the foundation for<br />
accurate forecasting and portfolio<br />
modelling. He also is leading<br />
Quayside’s XRB climate-related<br />
reporting.<br />
Sam Newbury, Senior Investment<br />
Manager, brings a wealth<br />
<strong>of</strong> experience in corporate<br />
finance and portfolio management<br />
to his six-year tenure at<br />
Quayside. Whilst Sam plays a<br />
key role in setting investment<br />
strategy, deal execution and asset<br />
management, Sam views his role<br />
as more <strong>of</strong> a project management<br />
function.<br />
Sam notes “In my mind, being<br />
an effective investment advisor<br />
for a portfolio like Quayside’s is<br />
very similar to project management.<br />
Whilst a detailed understanding<br />
<strong>of</strong> each asset class is<br />
essential, it is almost impossible<br />
to do effectively without input<br />
from a deep bench <strong>of</strong> both internal<br />
and external experts.”<br />
Sam’s pr<strong>of</strong>essional skills<br />
encompass a deep understanding<br />
<strong>of</strong> investment products, corporate<br />
finance, and investments.<br />
His core competencies revolve<br />
around strategic planning,<br />
financial analysis, deal sourcing<br />
and execution, and effective<br />
stakeholder engagement, with a<br />
strong passion for creating value<br />
through sustainable and innovative<br />
businesses that contribute to<br />
both social and environmental<br />
well-being.<br />
Bound by good<br />
intentions<br />
Whether it’s pursuing a new<br />
investment opportunity or managing<br />
an existing asset, the adage<br />
<strong>of</strong> ‘many hands, make light work’<br />
is true. But ask the team if it’s<br />
seamless and they’ll openly tell<br />
you there’s always room for<br />
improvement. What binds them<br />
is a genuine intent to do right by<br />
the organisation, its shareholder<br />
and the wider community.<br />
Quayside has a wide investment<br />
mandate, across different<br />
asset classes. Deals can originate<br />
through anyone in the wider<br />
team, with the initial review,<br />
research and early screening <strong>of</strong><br />
the opportunity being led by the<br />
Investment team.<br />
As they move into the due<br />
diligence stage, it’s about understanding<br />
the risks associated<br />
with the asset. This is undertaken<br />
by both internal and external<br />
technical expertise, including<br />
finance, legal, tax and property,<br />
depending on the asset.<br />
“Having three in-house engineers<br />
is a huge point <strong>of</strong> difference<br />
and competitive advantage<br />
for Quayside when investing in<br />
real estate-backed assets and<br />
strategies. While it isn’t usual<br />
practice for an investment company<br />
it provides significant value<br />
when looking at opportunities.<br />
We’re privileged to be able to call<br />
on our property team for advice,<br />
especially when reviewing technical<br />
due diligence property<br />
reports,” says Sam.<br />
The execution <strong>of</strong> Quayside’s<br />
strategy forms the core <strong>of</strong><br />
their collaboration. Within the<br />
Finance team this can include<br />
general capital budgeting, forecasting,<br />
valuations and ongoing<br />
asset monitoring. With the legal<br />
team providing another lens and<br />
layer <strong>of</strong> value.<br />
“Having Suzanne Casey as our<br />
in-house legal counsel is incredibly<br />
valuable, as it allows us to<br />
lean on her for support with both<br />
transactions and asset management.<br />
Having someone <strong>of</strong> her<br />
expertise and skill sets provides<br />
the whole team with the ability<br />
to access good legal advice and<br />
commercial support in real-time<br />
reducing the need for the business<br />
to rely on costly external<br />
lawyers, likewise with Davide’s<br />
experience, he understands what<br />
best-practice and good fund management<br />
looks like. You also get<br />
a calm and practical approach<br />
from our team, with the ability<br />
to work through problems.” Sam<br />
says.<br />
Partnering for<br />
success<br />
<strong>2023</strong> has brought a couple <strong>of</strong><br />
major investments to fruition. In<br />
September, Quayside announced<br />
its stake in Tauranga Crossing<br />
Limited, a premier retail<br />
shopping centre situated in the<br />
expanding Tauranga Western<br />
Corridor. The investment provides<br />
consistent and stable distributions<br />
to the portfolio, whilst<br />
growing the asset base.<br />
Shortly followed the<br />
announcement <strong>of</strong> the joint venture<br />
partnership with Watts &<br />
Hughes and Carrus in the 35<br />
Hamilton Street Commercial<br />
Centre building. Both investments<br />
demonstrate a desire for<br />
large-scale co-investment partners,<br />
where there is alignment<br />
in values and mutually beneficial<br />
skill sets and positive outcomes<br />
that provide intergenerational<br />
prosperity for the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
region.<br />
Quayside Holdings Limited was<br />
established to hold the Port <strong>of</strong><br />
Tauranga shares owned by <strong>Bay</strong><br />
<strong>of</strong> <strong>Plenty</strong> Regional Council in<br />
1991. 30 years later, Quayside has<br />
evolved to become a diversified<br />
investment manager with several<br />
subsidiaries and total group<br />
assets <strong>of</strong> $3.3 billion.<br />
Invested in our Future<br />
Mauri Ora Roa<br />
quaysideholdings.co.nz
<strong>December</strong> <strong>2023</strong> BAY OF PLENTY BUSINESS NEWS 13<br />
EMPLOYMENT LAW<br />
Workplace law update<br />
As we close out <strong>2023</strong>, many employers are buoyed<br />
by the new National led coalition government.<br />
In this article, we explore what this will mean for<br />
New Zealand’s employment, health and safety and<br />
immigration law over the next year and update you<br />
on the emerging themes we are seeing in workplaces.<br />
Workplace laws<br />
under a National-ACT<br />
Coalition Government<br />
National and ACT agree on the<br />
following workplace law changes,<br />
which we expect to happen in<br />
2024:<br />
• Repeal the Fair Pay Agreements<br />
Act 2022 (and end fair<br />
pay agreement bargaining<br />
currently underway with six<br />
industries).<br />
• Reinstate 90-day trial periods<br />
for all businesses (meaning<br />
those with over 20 employees<br />
would be able to use 90-day<br />
trial provisions with unjustified<br />
dismissal protections).<br />
• Remove the requirement to<br />
pay Immigration NZ’s (INZ)<br />
“median wage” to meet<br />
Accredited Employer Work<br />
Visa (AEWV) requirements.<br />
• Amend the Parental Leave<br />
and Employment Protection<br />
Act 1987 to allow parents to<br />
divide paid parental leave<br />
between them in the way that<br />
they think is best, eg taking<br />
this at the same time, one after<br />
the other or in overlapping<br />
instalments.<br />
• Create a new visa category<br />
that will allow parents and<br />
grandparents sponsored by<br />
their children or grandchildren<br />
to apply for a multiple<br />
entry visa, allowing for travel<br />
over a period <strong>of</strong> five years.<br />
Finer details are to be agreed<br />
but National has said it would<br />
require visa holders to have<br />
health insurance for the duration<br />
<strong>of</strong> their stay, while ACT<br />
says visa holders will need<br />
to pay a $3,500 annual fee<br />
towards a public health fund.<br />
National has also indicated<br />
further immigration changes<br />
(although the coalition make up<br />
will impact progression <strong>of</strong> these<br />
policies) including:<br />
• New visa categories.<br />
• Priority processing services for<br />
fast tracking INZ applications.<br />
• Doubling the Regional Seasonal<br />
Worker Scheme cap and<br />
exploring new countries for<br />
this and changing the Working<br />
Holiday Visa (WHV) Scheme,<br />
including increasing the age<br />
from 30 to 35 and allowing second<br />
and third WHVs for some<br />
workers.<br />
Tikanga in the<br />
workplace<br />
Recent Employment Court decisions<br />
regarding the application<br />
<strong>of</strong> tikanga/tikanga values in the<br />
workplace have highlighted the<br />
importance <strong>of</strong> employers applying<br />
these values appropriately<br />
for their workplace context, at<br />
least where they have committed<br />
to this or are otherwise asked to<br />
take account <strong>of</strong> cultural considerations<br />
by employees.<br />
The Court has commented<br />
that in order to uphold tikanga/<br />
tikanga values in the workplace,<br />
effort must be applied and sustained<br />
from beginning to end <strong>of</strong><br />
the employment relationship and<br />
this requires more than simple<br />
translations that seek to embed<br />
tikanga/Te Ao Māori in Pakeha<br />
concepts.<br />
Employers are expected to<br />
engage appropriate Tikanga<br />
experts or cultural advisors to<br />
build on their understanding and<br />
application <strong>of</strong> the same.<br />
KATE ASHCROFT AND<br />
CHRISTIE MCGREGOR,<br />
Partners, Copeland Ashcr<strong>of</strong>t<br />
Kate and Christie act for employers<br />
across a wide range <strong>of</strong> industries<br />
nationwide, giving advice and providing<br />
representation in disputes.<br />
Employee or<br />
Contractor?<br />
Scrutiny <strong>of</strong> independent contractor<br />
arrangements by the<br />
Court continues and employers<br />
are well advised to review these<br />
arrangements to make sure they<br />
are fit for purpose.<br />
Health and Safety<br />
Mental health is firmly on Work-<br />
Safe’s radar. It is investigating<br />
complaints, and we anticipate a<br />
prosecution in respect <strong>of</strong> harm<br />
to mental health to happen soon.<br />
Employers whose health and<br />
safety management plan does not<br />
deal with bullying, harassment,<br />
discrimination or psychosocial<br />
risks and mental health are likely<br />
to be exposed in this respect,<br />
with recent statistics indicating<br />
29% <strong>of</strong> complaints to WorkSafe<br />
are mental health related.<br />
WorkSafe will also continue<br />
its focus on key industries such<br />
as agriculture, construction, forestry,<br />
manufacturing, healthcare<br />
and social assistance according<br />
to its Harm Reduction Plan,<br />
including holding those at the top<br />
<strong>of</strong> organisations to account for<br />
health and safety failings.<br />
Other law changes<br />
There are also possible key law<br />
changes coming around:<br />
• Human rights, proposing to<br />
make discrimination on the<br />
grounds <strong>of</strong> gender identity<br />
or expression, or variation <strong>of</strong><br />
sex characteristics unlawful,<br />
and to include an obligation to<br />
make reasonable accommodations<br />
for all LGBTQIA+ people<br />
in the workplace; and<br />
• Privacy, proposing changes<br />
including a new notification<br />
obligation on an agency when<br />
it collects personal information<br />
indirectly, to update New<br />
Zealand’s privacy laws in line<br />
with international best practice.<br />
Under the new principle<br />
the collecting agency would<br />
be required to notify an<br />
individual <strong>of</strong> a range <strong>of</strong> matters,<br />
including its name and<br />
address, the purpose <strong>of</strong> collection,<br />
and rights <strong>of</strong> access to<br />
and correction <strong>of</strong> information.<br />
Immigration<br />
Accredited employers can expect<br />
Immigration New Zealand (INZ)<br />
to be completing audit checks<br />
(INZ targets are that this will be on<br />
15% <strong>of</strong> accredited employers each<br />
year) on accreditation and general<br />
immigration requirements<br />
including to ensure that migrant<br />
workers are not being exploited.<br />
These checks were expected,<br />
after INZ granted accreditation to<br />
numerous employers at pace and<br />
without any deep review <strong>of</strong> the<br />
applications for these.<br />
As such, employers who are<br />
audited are well advised to seek<br />
advice in engaging with INZ as<br />
their accreditation is at stake. INZ<br />
has advised that as <strong>of</strong> 6 November<br />
<strong>2023</strong>, 94 employer accreditations<br />
have been revoked and<br />
21 suspended, following these<br />
checks.<br />
The list <strong>of</strong> immigration<br />
requirements that employers will<br />
need to keep on top <strong>of</strong> continues<br />
to grow. The Worker Protection<br />
(Migrant and Other Employees)<br />
Bill (Act) is scheduled to come<br />
into force from 6 January 2024.<br />
This Act will allow MBIE/<br />
INZ to raise a new strict liability<br />
infringement <strong>of</strong>fence where a<br />
migrant worker is employed in a<br />
manner that is inconsistent with<br />
the conditions on their work visa<br />
or where a migrant worker is<br />
employed when they do not hold<br />
an appropriate visa.<br />
The finer details <strong>of</strong> how MBIE<br />
will operationalise the Act has not<br />
been released yet, however it is<br />
likely that the infringement penalty<br />
($3000 per worker for companies)<br />
will be added to existing<br />
penalties that can be raised.<br />
The <strong>of</strong>fence is widely worded<br />
and captures scenarios including<br />
where a migrant worker is: paid<br />
below the wage rate, working<br />
outside the location or in a role<br />
that is not the role, set on their<br />
Accredited Employer Work Visa.<br />
Keeping up to date<br />
with changes<br />
As changes come into play with<br />
the new government, employers<br />
can maximise the opportunities<br />
presented by changing<br />
workplace laws by seeking the<br />
right advice and documentation<br />
to support this, ensuring they<br />
remain competitive in the current<br />
market and managing risk<br />
appropriately amidst the headwinds<br />
that business faces.<br />
Copeland Ashcr<strong>of</strong>t Workplace Lawyers provide specialist advice, representation<br />
and support across employment, immigration and health and safety law, to<br />
businesses throughout New Zealand.<br />
To receive invitations to our workshop and seminar<br />
series, and keep up to date with the latest on<br />
Employment, Health and Safety and Immigration law<br />
issues, visit www.copelandashcr<strong>of</strong>t.co.nz and subscribe.<br />
www.copelandashcr<strong>of</strong>t.co.nz | Phone 07 577 8662 | Tauranga: Level 4, 35 Grey Street
14 BAY OF PLENTY BUSINESS NEWS <strong>December</strong> <strong>2023</strong><br />
LAW<br />
“You want to be prepared, deliberate and intentional – don’t give your<br />
accountant and your lawyer a back-<strong>of</strong>-a-napkin proposal”<br />
Looking to exit<br />
your business?<br />
Don’t leave it too late<br />
The prospect <strong>of</strong> buying or<br />
selling a business is top <strong>of</strong><br />
mind for many people now<br />
the general election is over.<br />
Election pledges to lower tax<br />
cost and compliance, change<br />
employment law, improve cash<br />
flow, cut red tape and provide<br />
better access to capital for small<br />
business owners, have left people<br />
buoyed at the prospect <strong>of</strong> better<br />
economic times ahead.<br />
Commercial law specialist<br />
Andy Martin says a good window<br />
is now available for people to<br />
prepare their business for sale –<br />
but warns many owners leave it<br />
far too late to connect with their<br />
advisers.<br />
“You want to be prepared,<br />
deliberate and intentional – don’t<br />
give your lawyer a back-<strong>of</strong>-a-napkin<br />
proposal and tell them to settle<br />
it in two weeks. You may have<br />
negotiated a perfect exit but nine<br />
times out <strong>of</strong> 10, people who take<br />
a bit more time, have a deliberate<br />
focus and are willing to take<br />
advice will achieve far better<br />
outcomes.”<br />
Andy worked for Buddle<br />
Findlay in Auckland for 15 years<br />
before moving to Tauranga earlier<br />
this year to join Cooney Lees<br />
Morgan’s Corporate and Commercial<br />
team as Special Counsel.<br />
He has a broad corporate<br />
and commercial advisory practice,<br />
with a focus on mid-market<br />
mergers and acquisitions.<br />
He says Cooneys has already<br />
noticed an upturn in corporate<br />
commercial legal activity and<br />
he predicts that trend is likely<br />
to continue under the new<br />
government.<br />
“There’s a lot <strong>of</strong> small to<br />
medium business owners who<br />
have been waiting for the uncertainty<br />
<strong>of</strong> an election to dissipate<br />
before making big decisions as<br />
they want a bit more confidence<br />
around the economy. And there<br />
will be buyers and investors who<br />
were sitting on their hands for<br />
the same reason.”<br />
But Andy warns there’s still<br />
not a lot <strong>of</strong> government money<br />
to go around and the economic<br />
environment won’t change overnight.<br />
“The country is hugely in<br />
deficit and will be for another<br />
few years, so there won’t be a<br />
bottomless lolly jar for helping<br />
SMEs. But generally, business<br />
owners appear to have more<br />
comfort that their interests<br />
may be slightly higher on the<br />
agenda and have a more positive<br />
outlook.”<br />
Andy says a number <strong>of</strong> factors<br />
suggest that merger and acquisition<br />
activity in the SME space is<br />
rebounding and could be poised<br />
to rise in 2024, with one <strong>of</strong> the<br />
key factors being an increasing<br />
focus on exits and sell downs by<br />
business owners as part <strong>of</strong> their<br />
generational succession planning.<br />
However, while interest<br />
rates are forecast to start easing<br />
next year, the current high cost<br />
<strong>of</strong> capital means buyers will continue<br />
to be selective with their<br />
investments and acquisitions. So<br />
now is the time to work closely<br />
with your accountant and lawyer<br />
to get everything in order.<br />
“As always, business owners<br />
need to work on their business<br />
as well as in it. <strong>Business</strong>es<br />
have been operating in a tough<br />
economic environment for the<br />
last two or three years and may<br />
have not had particularly good<br />
growth, or could even have suffered<br />
a bit <strong>of</strong> a decline. They’ll be<br />
wanting to restore their trading<br />
performance and increase their<br />
enterprise value.”<br />
Andy says owners who wish<br />
to exit within the next year or<br />
two should start looking at ways<br />
to improve their business now<br />
so it’s more attractive to buyers<br />
– both from a financial perspective<br />
by improving trading results,<br />
and also from a legal perspective<br />
by examining their business<br />
structure.<br />
“Speak to your lawyer and<br />
accountant early. The earlier, the<br />
better. It doesn’t have to be an<br />
in-depth discussion. Just start a<br />
conversation and get a realistic<br />
idea <strong>of</strong> what’s ahead <strong>of</strong> you.”<br />
Accountants can help frame<br />
ANDY MARTIN,<br />
Special Counsel, Cooney Lees Morgan<br />
up financial reports to improve<br />
a potential valuation, while your<br />
lawyer will help assess what you<br />
ultimately want to achieve from a<br />
sale. Important issues to consider<br />
include whether your business is<br />
more suited for selling as a share<br />
sale or an asset sale, the extent<br />
to which a founding vendor<br />
needs to remain in the business<br />
to make sure the value is realised<br />
for the purchaser, and the risk<br />
pr<strong>of</strong>ile that a vendor is prepared<br />
to accept because every sale and<br />
purchase agreement is different.<br />
Owners should consider<br />
whether critical areas <strong>of</strong> the<br />
business need to be reviewed or<br />
restructured. “There’s usually<br />
low hanging fruit you can do<br />
straight away, like considering if<br />
you need to secure key customers<br />
and suppliers with contracts,<br />
making sure you own your IP,<br />
resolving outstanding disputes<br />
and examining your leases. Is<br />
there anything else you can do<br />
to make your business better<br />
over the longer term, and therefore<br />
more appealing to potential<br />
buyers? A strategic review with<br />
inputs from your pr<strong>of</strong>essional<br />
advisors may prove invaluable.”<br />
Helpfully, Andy has written a<br />
comprehensive article on what<br />
to consider before selling your<br />
business which is available now<br />
on Cooney’s website.<br />
“I recommend allowing at<br />
least three to 12 months to properly<br />
prepare your business for<br />
sale.<br />
At the end <strong>of</strong> the day, it only<br />
takes one buyer and one seller<br />
to make a transaction happen.<br />
Talking to your advisers early<br />
can help achieve the most productive<br />
deal.”<br />
Thinking <strong>of</strong> selling<br />
your business?<br />
If you’re interested in digging a bit deeper into how the process <strong>of</strong><br />
preparing and selling your business might look, I think you’ll find my<br />
article “6 Things To Consider Before Selling Your <strong>Business</strong>” really helpful.<br />
If you’d like to start a discussion about your full or partial business exit,<br />
whether that’s imminent or part <strong>of</strong> a long-term plan, contact me or<br />
another member <strong>of</strong> our Corporate & Commercial Team.<br />
Andy Martin | Special Counsel: 07 927 0588 or amartin@clmlaw.co.nz<br />
6 Things To<br />
Consider Before Selling<br />
Your <strong>Business</strong><br />
247 Cameron Road, Tauranga | cooneyleesmorgan.co.nz
<strong>December</strong> <strong>2023</strong> BAY OF PLENTY BUSINESS NEWS 15<br />
PROPERTY INVESTMENT FUNDS<br />
Steadfast governance in<br />
times <strong>of</strong> economic flux<br />
This year, PMG Funds <strong>of</strong>ficially welcomed Dr Wayne Beilby as Chair <strong>of</strong> the Board after five years as Independent Director. His wealth<br />
<strong>of</strong> experience and intimate knowledge <strong>of</strong> PMG has been highly valuable to support resilience and continued growth. Wayne shares his<br />
thoughts on the importance <strong>of</strong> good governance and strategy when navigating challenging economic environments.<br />
A year <strong>of</strong> challenge<br />
and opportunity<br />
The echo <strong>of</strong> shifting economic<br />
tides has resonated<br />
across New Zealand’s<br />
investment landscape in <strong>2023</strong>,<br />
presenting both challenges and<br />
opportunities for investors.<br />
According to Wayne, it’s exactly<br />
these types <strong>of</strong> turbulent seas that<br />
differentiate the skilled sailors<br />
from the less experienced ones.<br />
“PMG’s reputation for<br />
growing wealth has been built<br />
on 30 years <strong>of</strong> prudent, hands-on<br />
management and meaningful<br />
relationships with investors,<br />
tenants and partners.<br />
“Our sound governance and<br />
strategy now <strong>of</strong>fer our four<br />
generations <strong>of</strong> investors a sense<br />
<strong>of</strong> stability, as they can trust in<br />
Scott and the team to steady<br />
the waka through challenging<br />
economic times.”<br />
Building investor<br />
confidence through<br />
guardianship<br />
Wayne’s background in<br />
governance and leadership<br />
across the risk, financial<br />
management and corporate<br />
law sectors means he is wellpositioned<br />
to lead the board and<br />
executive to deliver PMG’s longterm<br />
vision.<br />
“It’s important to have strong<br />
leadership and a clear vision<br />
for where you want to go,” says<br />
Wayne.<br />
“When I stepped in as an<br />
Independent Director six years<br />
ago, the purpose <strong>of</strong> my role was<br />
to provide objective insights into<br />
the discussions in the boardroom<br />
– a fresh pair <strong>of</strong> eyes, if you will.<br />
As Chair, in a way that is still<br />
what I do, however I’m now<br />
more focused on driving the<br />
strategic direction <strong>of</strong> the PMG<br />
business to ensure continued<br />
long-term growth.<br />
“PMG’s governance framework<br />
is anchored in resilience,<br />
adaptability, and a commitment<br />
to ethical practices, acting as<br />
guardians <strong>of</strong> investors’ wealth,<br />
tenants’ business success, and the<br />
staff’s success and wellbeing.”<br />
“I see a lot <strong>of</strong> genuine care and<br />
personal drive by the team to<br />
achieve results for our investors,<br />
ensuring that the funds are as<br />
robust as they can possibly be.<br />
This means regularly reviewing<br />
the portfolio asset allocation,<br />
diversification <strong>of</strong> fund assets and<br />
levels <strong>of</strong> gearing,” says Wayne.<br />
A sustainable vision<br />
for the future<br />
PMG’s proactive stance on<br />
Environmental, Social, and<br />
Governance (ESG) factors<br />
stands as another example <strong>of</strong> its<br />
visionary governance approach.<br />
PMG’s engagement in sustainability<br />
initiatives predates<br />
industry norms.<br />
Wayne believes this not<br />
only reflects a commitment to<br />
responsible investment practices,<br />
but more pragmatically also<br />
positions its funds to perform well<br />
under potentially more stringent<br />
environmental regulations,<br />
contributing to improved<br />
environmental performance and<br />
reduced costs for tenants.<br />
Beyond sustainability and<br />
sound strategy, PMG also places<br />
emphasis on diverse expertise,<br />
backgrounds, and age within its<br />
leadership team.<br />
Acknowledging the influence<br />
<strong>of</strong> rapid technological advancements,<br />
Wayne highlights the<br />
necessity <strong>of</strong> diverse perspectives<br />
to navigate the evolving landscape,<br />
ensuring PMG remains<br />
adaptive and innovative in<br />
its strategy and management<br />
approach.<br />
Resilience is built on<br />
strong foundations<br />
This commitment to essentially<br />
doing the right thing means<br />
that many investors view PMG<br />
as a safe pair <strong>of</strong> hands, while<br />
also <strong>of</strong>fering a means for keen<br />
commercial property investors<br />
to tap into a typically tougher<br />
investment market.<br />
Wayne (<strong>of</strong> Ngāti Pukenga,<br />
Ngāti Ranginui and Ngāi Te<br />
Rangi) likens PMG’s relationshipbased,<br />
collaborative approach<br />
to investment and commercial<br />
property management to the te<br />
ao Māori worldview.<br />
“In some ways Denis<br />
McMahon, who started PMG<br />
back in 1992, unknowingly built<br />
a business on Māori principles <strong>of</strong><br />
guardianship and family – and<br />
I believe this has been a key to<br />
setting us apart, and enabling<br />
our resilience,” says Wayne.<br />
“I have seen them take a<br />
careful stewardship approach’ to<br />
balancing short term costs with<br />
ensuring long term performance,<br />
but always remaining committed<br />
to PMG’s vision and principles.”<br />
“I have full confidence in<br />
Scott and the team’s ability to<br />
continue to provide<br />
ease <strong>of</strong> access to<br />
commercial property<br />
investment for more<br />
Kiwi investors, so they<br />
can enjoy the benefits<br />
<strong>of</strong> regular and<br />
sustainable income,<br />
with the potential<br />
for growth in<br />
value over time.”<br />
DR WAYNE<br />
BEILBY<br />
Chairman<br />
<strong>of</strong> the Board,<br />
PMG Funds<br />
Disclaimer: The information in this<br />
article is <strong>of</strong> a general nature and<br />
was current as at Wednesday, 22<br />
November <strong>2023</strong>. It is not intended<br />
to be regulated financial advice for<br />
the purpose <strong>of</strong> the Financial Markets<br />
Conduct Act 2013 and does not take your<br />
individual circumstances and financial<br />
situation into account. PMG does not<br />
provide financial advice. Please seek advice<br />
from a licenced financial advisor before<br />
making any investment decisions.<br />
We've been using our<br />
property and investment<br />
smarts to help Kiwis get<br />
ahead for over 30 years.<br />
Providing four successive generations <strong>of</strong><br />
investors with cashflow through regular returns<br />
and a pathway to financial freedom through<br />
long-term capital growth.<br />
Better still, we’ve done this by providing<br />
New Zealand businesses and their staff with<br />
quality, sustainable premises from which to<br />
make their mark on the world.<br />
Reach out to our team today<br />
for more information.<br />
07 578 3494 pmgfunds.co.nz<br />
The information in this advertisement is <strong>of</strong> a general nature and was current as at 22 November <strong>2023</strong>. It is not intended to<br />
be regulated financial advice for the purpose <strong>of</strong> the Financial Markets Conduct Act 2013 and does not take your individual<br />
circumstances and financial situation into account. PMG does not provide financial advice. Please seek advice from a<br />
licenced financial advice provider before making any investment decisions.
16 BAY OF PLENTY BUSINESS NEWS <strong>December</strong> <strong>2023</strong><br />
ACCOUNTING & ADVISORY<br />
Deloitte expands<br />
presence with new<br />
Tauranga <strong>of</strong>fice<br />
ANDREA SCATCHARD,<br />
Tax and <strong>Business</strong><br />
Advisory, Deloitte<br />
PAUL SHALLARD,<br />
Consulting,<br />
Deloitte<br />
Leading pr<strong>of</strong>essional services firm, Deloitte, has recently opened a new <strong>of</strong>fice in<br />
Tauranga, marking a significant step in its continued expansion across NZ.<br />
Deloitte’s “why” is to make<br />
an impact that matters –<br />
for our clients, our people<br />
and our community. The opening<br />
<strong>of</strong> our new <strong>of</strong>fice allows us to<br />
scale up the impact we are making<br />
in the region already, bringing<br />
more choice to businesses operating<br />
here and creating new opportunities<br />
for our people. Our new<br />
<strong>of</strong>fice in Hamilton St in the CBD is<br />
led by Partners Andrea Scatchard<br />
(Tax and <strong>Business</strong> Advisory) and<br />
Paul Shallard (Consulting), who<br />
both live locally.<br />
Reflecting the high levels <strong>of</strong><br />
growth experienced in Tauranga<br />
and the wider <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
region in recent years, our decision<br />
to establish a physical presence<br />
in Tauranga aligns with our<br />
commitment to be at the forefront<br />
<strong>of</strong> industry transformation<br />
and to support regional growth.<br />
Like the introduction <strong>of</strong> cloud<br />
computing before it, the rise <strong>of</strong><br />
AI will be a huge disruptor in<br />
the way we as pr<strong>of</strong>essional service<br />
providers work with our<br />
clients. AI will put more power<br />
in the hands <strong>of</strong> business owners<br />
and management by automating<br />
time-consuming and routine<br />
tasks, including simple reporting<br />
using the many tools that bolt<br />
on to cloud-based accounting<br />
systems.<br />
As accounting service providers,<br />
this provides us with the<br />
opportunity to focus on more<br />
complex and value-adding services<br />
by using our real-world<br />
experience to provide insights<br />
into the financial data and work<br />
alongside business owners and<br />
management to develop tailored<br />
business solutions.<br />
At Deloitte, the provision <strong>of</strong><br />
Virtual Financial Services has<br />
grown out <strong>of</strong> this transformational<br />
change in the accounting<br />
industry, and this is one <strong>of</strong> the key<br />
strengths <strong>of</strong> our Tauranga team.<br />
What are Virtual<br />
Financial Services?<br />
Traditionally, small and medium-sized<br />
businesses have relied<br />
on in-house finance teams to<br />
handle all <strong>of</strong> their financial matters.<br />
However, this approach<br />
can be costly and impractical for<br />
many companies. Virtual Financial<br />
Services <strong>of</strong>fers an alternative<br />
solution by providing businesses<br />
with outsourced financial expertise<br />
without the need for a full<br />
finance team on the payroll.<br />
Virtual Financial Services<br />
involve engaging a team <strong>of</strong> experienced<br />
financial pr<strong>of</strong>essionals<br />
specialising in strategic financial<br />
planning, budgeting, forecasting,<br />
financial analysis, tax<br />
planning and overall financial<br />
management.<br />
How do Virtual<br />
Financial Services<br />
Work?<br />
Deloitte Virtual Financial Services<br />
typically operate on a subscription-based<br />
model, allowing<br />
businesses to choose a package<br />
that suits their specific needs and<br />
budget. Our team works closely<br />
with the business to gain a deep<br />
understanding <strong>of</strong> its financial<br />
and operational goals.<br />
After conducting a comprehensive<br />
financial analysis, we<br />
work with you to develop a customised<br />
financial plan tailored to<br />
the business’s objectives.<br />
The benefits <strong>of</strong> Virtual Financial<br />
Services include:<br />
• Cost-effectiveness<br />
• Access to external expertise<br />
• Scalability as your business<br />
grows and matures<br />
• Allows you to focus on core<br />
competencies<br />
• Brings an independent and<br />
objective perspective to your<br />
business<br />
• Provides expert risk assessment<br />
and management.<br />
If this sounds like something<br />
that would benefit your business,<br />
or you just want to chat about the<br />
wide range <strong>of</strong> other services that<br />
Deloitte provides, please get in<br />
touch – we can’t wait to talk with<br />
you. We are in our Hamilton<br />
Street <strong>of</strong>fice until Q2 2025 when<br />
we will be moving to the wonderful<br />
new Northern Quarter complex<br />
right on The Strand.<br />
Obstacles<br />
Connect<br />
Collaborate<br />
Deliver<br />
Advantage<br />
Future-pro<strong>of</strong>ing your business in a<br />
constantly changing environment.<br />
We’re here in the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> to help<br />
businesses elevate finance function<br />
performance and delivery.<br />
Connect with us to find out more about<br />
how we can help.<br />
Andrea Scatchard – ascatchard@deloitte.co.nz<br />
Paul Shallard – pshallard@deloitte.co.nz<br />
© <strong>2023</strong>. Deloitte Limited (as trustee for the Deloitte Trading Trust).
<strong>December</strong> <strong>2023</strong> BAY OF PLENTY BUSINESS NEWS 17<br />
LOCAL GOVERNMENT<br />
The Te Manawataki o Te Papa development will transform Tauranga city centre.<br />
Revitalising Tauranga’s heart<br />
Work begins on city centre transformation<br />
Gareth Wallis discussing the scope <strong>of</strong> Tauranga’s city centre transformation with a recent tour group.<br />
After decades <strong>of</strong> neglect and<br />
indecision, we’re now working with our<br />
city partners and the community to create a<br />
city centre that will be a very special place.<br />
This is a once in a generation opportunity.”<br />
Gareth Wallis’ excitement<br />
about his role as Tauranga<br />
City Council’s General<br />
Manager: City Development &<br />
Partnerships is palpable.<br />
There’s a very good reason<br />
for that – the projects his team<br />
are working on, amongst other<br />
things, are steadily putting in<br />
place the building blocks for<br />
a rejuvenated city centre – a<br />
place visitors will talk about and<br />
remember, and locals will be<br />
proud <strong>of</strong>.<br />
“After decades <strong>of</strong> neglect and<br />
indecision, we’re now working<br />
with our city partners and the<br />
community to create a city centre<br />
that will be a very special place,”<br />
he says. “This is a once in a generation<br />
opportunity. I was brought<br />
up in Tauranga and the opportunity<br />
to be part <strong>of</strong> something like<br />
this is what gets me out <strong>of</strong> bed in<br />
the morning.”<br />
Gareth hails the vision <strong>of</strong> the<br />
Council’s commissioners, who<br />
made some bold decisions to<br />
reverse the fortunes <strong>of</strong> a commercial<br />
centre that had been in<br />
decline for years.<br />
“They understood that decisive<br />
action would be required<br />
to build the community facilities<br />
we had been lacking and get the<br />
heart <strong>of</strong> the city pumping again;<br />
and they also saw the opportunity<br />
to link those facilities to a<br />
wider city centre redevelopment<br />
which will also see the nearby<br />
waterfront reserve redeveloped<br />
into a welcoming greenspace,<br />
events venue and destination<br />
playground.”<br />
The ‘heart’ <strong>of</strong> this concept<br />
though is Te Manawataki o Te<br />
Papa (the heartbeat <strong>of</strong> Te Papa),<br />
the city’s former civic precinct,<br />
where a library and community<br />
hub, civic whare (public meeting<br />
space) and museum and exhibition<br />
gallery will take shape over<br />
the next five years.<br />
These long-awaited community<br />
facilities will see $306 million<br />
invested and with more than<br />
$1.5 billion in private and public<br />
sector investment also committed<br />
over the next eight years, the<br />
city centre will undergo an economic,<br />
cultural and social renaissance,<br />
bringing far-reaching benefits<br />
for generations to come.<br />
As the thought leader spearheading<br />
this significant work<br />
programme, Gareth is committed<br />
to restoring this once-vital area<br />
and making it a great place to<br />
live, work, learn and play.<br />
Gareth joined the Council in<br />
2017. He was appointed General<br />
Manager: Community Services<br />
in 2019 and then moved into his<br />
current position in 2022. Previously,<br />
he had worked in a variety<br />
<strong>of</strong> local government leadership<br />
roles and has a background in<br />
the performing arts, event management,<br />
and emergency management,<br />
the latter at a practical<br />
level as a Fire and Emergency<br />
New Zealand volunteer for<br />
nearly 20 years. He is a member<br />
<strong>of</strong> the <strong>Bay</strong> Venues Board <strong>of</strong> Directors<br />
and is a director <strong>of</strong> the AIMS<br />
Games.<br />
Gareth has a strong focus<br />
on relationship development<br />
within the community, enjoys<br />
building successful and engaged<br />
teams, and always strives to put<br />
in place processes that create<br />
accountability and transparency<br />
in decision-making.<br />
While the bulk <strong>of</strong> his team’s<br />
work is future-oriented, significant<br />
attention is also focused<br />
on the here and now. Work is<br />
underway on the upgrade <strong>of</strong><br />
Tunks Reserve and Elizabeth<br />
Street East and on the redevelopment<br />
<strong>of</strong> Masonic Park, which<br />
will link the civic precinct to the<br />
waterfront. The Council’s future<br />
leased administration <strong>of</strong>fice is<br />
rapidly taking shape at 90 Devonport<br />
Road and work on the new<br />
library and community hub facility<br />
is due to start early in 2024.<br />
“Council is also committed to<br />
supporting the city centre during<br />
this time <strong>of</strong> transformation and<br />
is implementing a range <strong>of</strong> initiatives<br />
to help with its ongoing<br />
growth, development and<br />
success.<br />
“Some <strong>of</strong> these include shortterm<br />
parking options, establishing<br />
a City Safety and Engagement<br />
Advisor, supporting the development<br />
<strong>of</strong> student accommodation,<br />
and creating events and<br />
activations to encourage people<br />
to come in and spend time in the<br />
area,” Gareth says.<br />
“We’re also meeting regularly<br />
with local business owners to<br />
listen and, where we can, implement<br />
any ideas that could help to<br />
reduce any short-term disruption<br />
to their operations.”<br />
To <strong>of</strong>fset the loss <strong>of</strong> parking<br />
spaces on the waterfront, the<br />
first stage <strong>of</strong> the redeveloped<br />
Dive Crescent car park opened<br />
recently and more on-street<br />
parking is being created, together<br />
with a new ground level car park<br />
at 160 Devonport Road and the<br />
return <strong>of</strong> the Spring Street car<br />
park building to full capacity following<br />
the completion <strong>of</strong> seismic<br />
strengthening work.<br />
With the warmer summer<br />
days approaching, an events calendar<br />
has been launched for the<br />
GARETH WALLIS,<br />
General Manager:<br />
City Development<br />
& Partnerships –<br />
Tauranga City Council<br />
city centre, bringing a range <strong>of</strong><br />
exciting free activities for everyone<br />
to enjoy. Organised by the<br />
Council and supported by Downtown<br />
Tauranga, the events aim to<br />
bring more people into the area<br />
over the coming months and support<br />
city centre businesses as the<br />
transformation takes place.<br />
“The activities and events<br />
planned for this summer are<br />
a great way to instantly inject<br />
more vibrancy into the area and<br />
give people a taste <strong>of</strong> what they<br />
can expect in the future,” Gareth<br />
says. “Everyone in the community<br />
can play their part in supporting<br />
the city centre during this<br />
time and we encourage people to<br />
keep visiting their favourite spots<br />
to shop, dine and attend events.<br />
“It’s also a great chance to see<br />
first-hand the exciting progress<br />
being made as our city centre<br />
transforms into a place that we<br />
can all enjoy and feel proud <strong>of</strong>.”
18 BAY OF PLENTY BUSINESS NEWS <strong>December</strong> <strong>2023</strong><br />
HIGH PERFORMANCE<br />
The ‘Titan <strong>of</strong> Tauranga’<br />
secret revealed<br />
Less than three years ago, Freddie Bennett arrived in Tauranga with<br />
no contacts, no network and no business to lead. Today, he owns<br />
New Zealand’s most powerful – and most exclusive – mastermind<br />
networking group. Discover the secret behind his meteoric<br />
rise from addiction and depression to Guinness World Record<br />
holder, adventurer, and leading the private members group that<br />
everybody wants to join… but nobody talks about.<br />
you keep a secret?”<br />
Freddie smiles conspiratorially.<br />
“I’m on a “Can<br />
heroic quest. Nothing exists like<br />
this in New Zealand. A mastermind<br />
group full <strong>of</strong> remarkable<br />
people sharing once-in-lifetime<br />
experiences, learning unique lessons<br />
in secret places.”<br />
It sounds like a far-fetched<br />
dream that’s impossible to<br />
deliver. But ‘impossible’ is what<br />
Freddie Bennett does best.<br />
Proving the doubters<br />
wrong<br />
Freddie learned about decision-making<br />
when a drug-dealer<br />
held a gun to his head and pulled<br />
the trigger.<br />
Living in the UK, his life<br />
appeared perfect: He had a<br />
young family, a Porsche on the<br />
driveway, a Rolex on the wrist<br />
and a successful career advising<br />
the executive teams <strong>of</strong> brands<br />
such as Coca-Cola, Amazon, Micros<strong>of</strong>t,<br />
Virgin Atlantic, Heineken,<br />
Kuwait Petroleum and many<br />
more.<br />
But underneath the surface,<br />
Freddie’s life was falling apart.<br />
A potent mix <strong>of</strong> stress, and overwhelming<br />
imposter syndrome<br />
led to anxiety, depression, and<br />
substance addiction.<br />
Freddie became disillusioned<br />
at living an unfulfilled existence.<br />
“I was someone I didn’t recognise”,<br />
he explains. “I felt trapped<br />
in this life <strong>of</strong> quiet desperation.<br />
And I felt guilty because I knew<br />
I had so much that I should be<br />
grateful for, which just made me<br />
feel even more stuck. I was unfit,<br />
overweight, addicted, suicidal<br />
and one bad decision away from<br />
fully burning-out and blowing-up<br />
my life.”<br />
Then, at 36, Freddie watched<br />
his father die suddenly and brutally<br />
before his eyes, and it gave<br />
him the wake-up call he needed.<br />
“My dad’s death made me realise<br />
I was wasting my life, wasting<br />
my potential and wasting time.<br />
I was a seven-figure leader at<br />
work. But I wasn’t a seven-figure<br />
husband. I wasn’t a seven-figure<br />
father. I didn’t have seven-figure<br />
habits and I certainly didn’t have<br />
a seven-figure body”.<br />
Nobody believed Freddie<br />
could change his ways - he’d tried<br />
and failed so many times before.<br />
But he embarked on what he<br />
called ‘a heroic quest’ to prove to<br />
himself - and to the world - what<br />
he was capable <strong>of</strong>.<br />
Completing the world’s toughest<br />
footrace – 300km unsupported<br />
across the scorching Sahara Desert<br />
in six days; breaking Guinness<br />
World Records; winning ultramarathons;<br />
running 100 miles<br />
non-stop through the wilderness;<br />
completing Ironman races;<br />
publishing a bestselling book;<br />
launching a globally acclaimed<br />
podcast and much more.<br />
This led him to be featured<br />
by media such as the BBC, Men’s<br />
Health magazine, the Daily Mail<br />
and invited to the United Nations<br />
as a mindset and resilience<br />
advisor.<br />
Then an opportunity to move<br />
to Aotearoa arose, and Freddie<br />
embraced the challenge. Despite<br />
never visiting the country before,<br />
and with no business, no support<br />
network, no contacts and<br />
no friends, he was determined to<br />
make a difference.<br />
Freddie hustled, knocked on<br />
doors and focused on serving<br />
others, and quickly built a successful<br />
business working with<br />
accountancy and advisory firms<br />
to give their teams the knowledge,<br />
mindset and habits to create<br />
client revenue ‘on demand’.<br />
“But I knew I could do more”,<br />
Freddie states. “I wanted to create<br />
something that nobody has<br />
ever done. Something that would<br />
give bold, talented kiwis access<br />
to a powerful network full <strong>of</strong><br />
remarkable people who could<br />
help them achieve amazing fulfilment,<br />
combined with unforgettable<br />
experiences”.<br />
So he chose to make the<br />
impossible dream a reality…and<br />
shoot for the stars.<br />
Aiming high<br />
Freddie created ‘Titan Sky’: A<br />
secret mastermind group for<br />
individuals who have already<br />
experienced an element <strong>of</strong> business<br />
and financial success but<br />
feel like something is missing<br />
from their lives.<br />
What exactly is a ‘Mastermind’<br />
group?<br />
“The concept <strong>of</strong> a Mastermind<br />
group was<br />
introduced by<br />
Napoleon Hill”, he<br />
explains. “It’s formed<br />
by bringing a small, select<br />
group <strong>of</strong> talented individuals<br />
together to learn, grow and<br />
expand their businesses, minds<br />
and lives. This was inspired by<br />
Hill’s many conversations with<br />
the highly successful business<br />
magnate, Andrew Carnegie, who<br />
attributed his entire fortune and<br />
success to his Mastermind group.<br />
I wanted to bring the concept to<br />
New Zealand”.<br />
Freddie has gone to great<br />
lengths to ensure Titan Sky is not<br />
another networking group: This<br />
is about bringing truly successful<br />
and elite individuals together<br />
in private to excel in all areas <strong>of</strong><br />
their lives, indulge in truly memorable<br />
experiences and make<br />
powerful connections.<br />
“As a newcomer to Tauranga<br />
– and to New Zealand – I had to<br />
do the rounds <strong>of</strong> the usual networking<br />
groups. I saw the same<br />
people promoting themselves in<br />
the same old way, at the same old<br />
meetings in the same old places<br />
drinking the same old terrible<br />
c<strong>of</strong>fee.”<br />
“I was looking for a network<br />
that would enrich my life. What<br />
we currently have made me<br />
emotionally, spiritually and<br />
financially poorer. And worst<br />
<strong>of</strong> all…I felt like these groups<br />
were wasting my most precious<br />
resource: Time”<br />
So when Freddie couldn’t<br />
find what he was looking for, he<br />
created it. The Titan Sky mastermind<br />
was born. But instead <strong>of</strong><br />
shouting it from the ro<strong>of</strong>tops, he<br />
did everything he could to keep it<br />
a secret. Until now.<br />
Few are chosen<br />
In a world where everyone is<br />
fighting for attention, Freddie<br />
wants to keep Titan Sky under<br />
the radar.<br />
“Success comes from subtraction”,<br />
he says. “I don’t want the<br />
world to know about Titan Sky.<br />
This won’t be for everyone, and<br />
that’s just the way it should be.”<br />
So who is likely to become a<br />
member?<br />
“We invite applications from<br />
people who feel like their edge in<br />
life has been dulled. They might<br />
not feel truly recognised or fulfilled,<br />
despite the sacrifices<br />
they’ve made over the years.<br />
Individuals who want to join<br />
Titan Sky <strong>of</strong>ten are <strong>of</strong>ten eager<br />
to regain their ‘lost’ strength,<br />
spirit and energy and or can’t<br />
remember when they last felt<br />
truly challenged or alive. And<br />
most <strong>of</strong> all, they must be excited<br />
by the prospect <strong>of</strong> powerful conversations<br />
with remarkable<br />
people in secret places.”<br />
For those who do make<br />
it inside, a truly memorable<br />
experience awaits.<br />
“Members <strong>of</strong> Titan Sky will<br />
make deals, make memories and<br />
make their lives count for something<br />
more”, Freddie says.<br />
“This is about sharing experiences<br />
with truly powerful<br />
experts, leaders and masters <strong>of</strong><br />
their fields while rediscovering<br />
their ‘true’ self, in terms <strong>of</strong> health,<br />
fitness and relationships, and to<br />
be held accountable for excelling<br />
in this area <strong>of</strong> their lives.”<br />
A different set <strong>of</strong> rules<br />
Freddie has gone to great lengths<br />
to ensure Titan Sky delivers a<br />
business, personal and developmental<br />
experience like no other.<br />
Privacy and secrecy within<br />
the group are paramount.<br />
Rather than sending standard<br />
emails and calendar invites to<br />
the bi-monthly meetings, members<br />
receive information via<br />
hand-written, wax-sealed letters.<br />
The mastermind also has a<br />
strict ‘no conference centre’ rule.<br />
(“Meeting rooms are where inspiration<br />
goes to die”, Freddie says).<br />
Titan Sky members convene in<br />
locations such as maximum security<br />
prisons, the stage <strong>of</strong> a closed<br />
opera house, cutting-edge tech<br />
labs and military bases.<br />
The exact location is kept a<br />
secret until the day <strong>of</strong> the meeting,<br />
and Freddie gives a guarantee<br />
that Titan Sky members will<br />
get a transformative experience,<br />
a life lesson and a story to tell<br />
that will never be forgotten.<br />
It’s bold. It’s brash. It’s ambitious.<br />
It’s disruptive. And that’s<br />
exactly how Freddie likes it.<br />
“I want to make Tauranga<br />
stand out, not just in New Zealand,<br />
but across the world”, Freddie<br />
states. “You don’t stand out<br />
by aiming for mediocrity or reinventing<br />
the wheel”.<br />
Is he worried that the five-figure<br />
annual membership fee will<br />
put people <strong>of</strong>f?<br />
“That’s the plan”, Freddie<br />
replies. “I’m hoping 99% <strong>of</strong><br />
people don’t want to apply.<br />
As Groucho Marx once said: I<br />
wouldn’t want to be part <strong>of</strong> any<br />
club that would welcome me<br />
as a member. But for the 1%...<br />
you will experience something<br />
money cannot buy.”<br />
Freddie’s vision for Titan Sky<br />
is certainly bold, and potentially<br />
impossible. But for someone who<br />
enjoys making the impossible<br />
happen…it appears the sky’s the<br />
limit.<br />
Titan Sky has no website.<br />
Membership applications<br />
are made in writing. Contact<br />
can be made by emailing<br />
hello@freddiembennett.com
<strong>December</strong> <strong>2023</strong> BAY OF PLENTY BUSINESS NEWS 19<br />
FINANCIAL SERVICES<br />
Thinking <strong>of</strong> seeing<br />
a financial advisor?<br />
Sarah Ashby and Simon Bradley, wealth management advisors at Jarden<br />
explain what to expect and what to ask when consulting a financial advisor.<br />
For many people, choosing<br />
to see a financial adviser<br />
is a big decision. Talking<br />
about money and finances can be<br />
a deeply personal topic and for<br />
some people, it isn’t something<br />
they’re used to being open about.<br />
As financial advisers, we get to<br />
meet with new clients for a range<br />
<strong>of</strong> reasons. It’s generally connected<br />
to a change <strong>of</strong> situation,<br />
and they need help with what<br />
to do next. Often this is positive,<br />
where people are taking the next<br />
step towards their future by selling<br />
a property or their business,<br />
or being proactive in planning for<br />
retirement or building a legacy<br />
for their family.<br />
On the other hand, sometimes<br />
the need to talk to an adviser can<br />
come from a place <strong>of</strong> sadness if a<br />
loved one has passed away and<br />
left provisions for you in their<br />
will.<br />
Whatever the case, we find<br />
the first meeting is an important<br />
one. Our approach is to spend<br />
time with new clients and do a<br />
lot <strong>of</strong> listening and asking questions.<br />
This way, we can get an<br />
understanding <strong>of</strong> their current<br />
circumstances, find out what they<br />
are looking for in an adviser and<br />
what their goals are.<br />
At this point, we will likely<br />
have a few different options that<br />
work for different scenarios and<br />
goals. At Jarden, we <strong>of</strong>fer the full<br />
range <strong>of</strong> services, from transactional<br />
advice only (e.g. share<br />
broking) to a full portfolio management<br />
services. We will recommend<br />
which service we think<br />
would be most appropriate and<br />
outline the applicable fees.<br />
If it is determined that a portfolio<br />
management service is appropriate,<br />
a big part <strong>of</strong> that meeting<br />
will involve talking about the<br />
client’s risk pr<strong>of</strong>ile, discussing<br />
both their tolerance and ability to<br />
accept risk in a portfolio.<br />
The risk assessment is vital for<br />
both the adviser and the client<br />
to understand levels <strong>of</strong> comfort<br />
(or discomfort) with movements<br />
in the share market – especially<br />
given the recent volatility. This<br />
can also be an interesting exercise<br />
for couples where they may<br />
both have different risk pr<strong>of</strong>iles,<br />
and we need to find a way<br />
forward.<br />
A financial adviser will make<br />
sure that someone with a conservative<br />
appetite doesn’t end up<br />
with a high-risk portfolio only to<br />
find they are concerned and cash<br />
up when the market goes down.<br />
The effect <strong>of</strong> cashing up when the<br />
market falters can result in locking<br />
in losses, so it’s important to<br />
always consider the client’s goals<br />
and reasons for investing in the<br />
first place. Our job as advisers is<br />
to help them stick to the agreed<br />
long term investment strategy,<br />
rather than reacting to short term<br />
market movements.<br />
We <strong>of</strong>ten have clients tell<br />
us how valuable it is to have a<br />
chance to have open, frank conversations<br />
about money and<br />
goals in a way that they don’t feel<br />
comfortable doing with family or<br />
friends.<br />
One option that usually holds<br />
a lot <strong>of</strong> appeal for our clients is<br />
our Discretionary Investment<br />
Management Service (DIMS),<br />
which is where we provide a<br />
diversified investment portfolio<br />
that is bespoke to the client. We<br />
take care <strong>of</strong> the initial portfolio<br />
set up and the ongoing investments<br />
decisions so that clients<br />
don’t need to do that themselves.<br />
For this service, after the<br />
initial meeting we prepare an<br />
investment proposal and present<br />
it to the client for review. In<br />
this, we play back to them what<br />
they’ve told us and recommend<br />
a way to invest in a portfolio that<br />
will fit with their risk pr<strong>of</strong>ile and<br />
help them achieve their investment<br />
goals. At this point, we talk<br />
more about the fees for their specific<br />
portfolio.<br />
Once the client has reviewed<br />
this and given us the green light,<br />
we proceed with creating the<br />
portfolio and taking care <strong>of</strong> it for<br />
them. We set up the portfolio,<br />
purchase all the assets, and create<br />
online access so the client can<br />
view their investment at any time.<br />
Many clients tell us they<br />
would find setting up a portfolio<br />
a daunting task and they’re<br />
delighted that we can do this<br />
for them quickly and easily. We<br />
take care <strong>of</strong> the portfolio over<br />
time – everything from making<br />
investment decisions and regular<br />
reporting – we even provide a tax<br />
report for you.<br />
It’s such a privilege for us to<br />
build long-term relationships<br />
with our clients and we love nothing<br />
more than seeing our clients<br />
achieve their goals.<br />
If seeking financial advice is<br />
on your to-do list, we hope sharing<br />
this process has helped demystify<br />
things and let you know<br />
what you should expect.<br />
Sarah Ashby 027 211 0760<br />
Simon Bradley 027 427 3899<br />
www.jarden.co.nz<br />
SARAH ASHBY,<br />
Wealth Management Advisor, Jarden<br />
SIMON BRADLEY,<br />
Wealth Management Advisor, Jarden<br />
Disclaimer: Sarah Ashby and Simon Bradley<br />
are Wealth Management Advisers at Jarden.<br />
The information and commentary in this<br />
article are provided for general information<br />
purposes only. It reflects views and research<br />
available at the time <strong>of</strong> publication, using<br />
external sources, systems and other data and<br />
information we believe to be accurate, complete<br />
and reliable at the time <strong>of</strong> preparation.<br />
We make no representation or warranty as to<br />
the accuracy, correctness and completeness<br />
<strong>of</strong> that information, and will not be liable or<br />
responsible for any error or omission. It is<br />
not to be relied upon as a basis for making<br />
any investment decision. Please seek specific<br />
investment advice before making any investment<br />
decision or taking any action. Jarden<br />
Securities Limited is an NZX Firm. A financial<br />
advice provider disclosure statement is<br />
available free <strong>of</strong> charge at www.jarden.co.nz/<br />
our-services/wealth-management/financial-advice-provider-disclosure-statement<br />
Strong investment decisions<br />
built on trust<br />
Our local wealth management experts Sarah and Simon, will work with you to guide you toward your<br />
long term financial goals.<br />
www.jarden.co.nz/wealth-management<br />
Jarden Securities Limited is an NZX Firm. Jarden Financial Advice Provider Disclosure statement is publicly available at<br />
www.Jarden.co.nz. Jarden is not a registered bank in New Zealand.
20 BAY OF PLENTY BUSINESS NEWS <strong>December</strong> <strong>2023</strong><br />
Tompkins Wake Supreme Winner – MOUNTAIN JADE<br />
Spotlight on Rotorua businesses<br />
It was an evening filled with excitement, inspiration, and achievement at the Energy Event Centre, celebrating a<br />
“Rotorua Special” at the Tompkins Wake Rotorua <strong>Business</strong> Awards <strong>2023</strong>. Run by the Rotorua <strong>Business</strong> Chamber,<br />
the awards celebrate innovation, creativity, and best practice across the local business sector. With an impressive<br />
62 finalists competing for the win - and superb entertainment - the night was an outstanding success.<br />
ONE<br />
TWO<br />
THREE<br />
FOUR<br />
FIVE<br />
SIX<br />
SEVEN
<strong>December</strong> <strong>2023</strong> BAY OF PLENTY BUSINESS NEWS 21<br />
Photos from Tompkins Wake Rotorua <strong>Business</strong> Awards <strong>2023</strong>, held at the Energy Events Centre, Rotorua.<br />
Photos by Michelle Cutelli Photography<br />
Rotorua <strong>Business</strong> Chamber Presents<br />
<strong>2023</strong><br />
<strong>Business</strong><br />
Awards<br />
Ngā Tohu Pakihi Rotorua<br />
> <strong>2023</strong> ROTORUA BUSINESS<br />
AWARD WINNERS<br />
KING STREET - Creative Arts<br />
And Design<br />
• Fineline Design Agency<br />
SCION - Innovation And<br />
Technology<br />
• SI Lodec New Zealand<br />
EIGHT<br />
TEN<br />
TWELVE<br />
FOURTEEN<br />
NINE<br />
THIRTEEN<br />
FIFTEEN<br />
ELEVEN<br />
ONE ROTORUA NZ: Manaakitanga Tourism And Hospitality – Pullman Rotorua. TWO OSBORNES FUNERAL DIRECTORS: Not For Pr<strong>of</strong>it And Social<br />
Enterprise – Rotorua Pacific Islands Development Charitable Trust. THREE NZME: People’s Choice - Foursquare Ngongotahā. FOUR DELOITTE:<br />
Retail – Mountain Jade. FIVE MINISTRY OF SOCIAL DEVELOPMENT: Employer Of The Year - BurgerFuel Fairy Springs. SIX TE ARAWA LAKES TRUST:<br />
Pr<strong>of</strong>essional Services – Chemwash Rotorua. SEVEN A CHEAL CONSULTANTS: Emerging <strong>Business</strong> Leader – Awatere Douglas. EIGHT BNZ: Bilingual<br />
<strong>Business</strong> – Xcel Builders Limited. NINE PUKEROA ORUAWHATA HOLDINGS: Primary Manufacturing And Building – Mills-Tui. TEN ROTORUA LAKES<br />
COUNCIL: Outstanding Contribution To Rotorua – Crankworx Rotorua. ELEVEN RED STAG TIMBER: <strong>Business</strong>person Of The Year – Mike Romanes.<br />
TWELVE KING STREET: Creative Arts And Design – Fineline Design Agency. THIRTEEN TIMBERLANDS: Workplace Safety And Wellbeing – Redwoods<br />
Treewalk And Altitude. FOURTEEN REDWOODS TREEWALK: Kaitiakitanga Environmental Sustainability And Climate Change – Mourea C<strong>of</strong>fee<br />
Company. FIFTEEN SCION: Innovation And Technology – SI Lodec New Zealand.<br />
ROTORUA NZ - Manaakitanga<br />
Tourism And Hospitality<br />
• Pullman Rotorua<br />
DELOITTE – Retail<br />
• Mountain Jade<br />
PUKEROA ORUAWHATA<br />
HOLDINGS – Primary<br />
Manufacturing And Building<br />
• Mills-Tui<br />
TE ARAWA LAKES TRUST –<br />
Pr<strong>of</strong>essional Services<br />
• Chemwash Rotorua<br />
REDWOODS<br />
TREEWALK - Kaitiakitanga<br />
Environmental Sustainability<br />
And Climate Change<br />
• Mourea C<strong>of</strong>fee Company<br />
NZME – People’s Choice<br />
• Foursquare Ngongotahā<br />
MINISTRY OF SOCIAL<br />
DEVELOPMENT - Employer Of<br />
The Year<br />
• BurgerFuel Fairy Springs<br />
BNZ – Bilingual <strong>Business</strong><br />
• Xcel Builders Limited<br />
TIMBERLANDS – Workplace<br />
Safety And Wellbeing<br />
• Redwoods Treewalk AND<br />
Altitude<br />
OSBORNES FUNERAL<br />
DIRECTORS – Not For Pr<strong>of</strong>it And<br />
Social Enterprise<br />
• Rotorua Pacific Islands<br />
Development Charitable Trust<br />
CHEAL CONSULTANTS –<br />
Emerging <strong>Business</strong> Leader<br />
• Awatere Douglas<br />
ROTORUA LAKES COUNCIL –<br />
Outstanding Contribution To<br />
Rotorua<br />
• Crankworx Rotorua<br />
RED STAG TIMBER –<br />
<strong>Business</strong>person Of The Year<br />
• Mike Romanes<br />
TOMPKINS WAKE – Supreme<br />
Overall Winner<br />
• Mountain Jade
22 BAY OF PLENTY BUSINESS NEWS <strong>December</strong> <strong>2023</strong><br />
PEOPLE<br />
BBN’s guide to new people and new<br />
roles across business in the <strong>Bay</strong><br />
> NEW APPOINTMENTS<br />
To feature in New Appointments email us at new.appointments@bopbusinessnews.co.nz<br />
GISELLE BROSNAHAN<br />
Giselle is a pr<strong>of</strong>essional portrait photographer<br />
who specialises in personal<br />
branding and corporate headshots. She<br />
founded Giselle B Photography in London<br />
before relocating with her Kiwi husband<br />
and two children to Tauranga last<br />
year. She shares “My approach is to make<br />
people feel confident and comfortable in<br />
front <strong>of</strong> the camera, and to create images<br />
which represent them and their brand. I<br />
help business owners and pr<strong>of</strong>essionals<br />
elevate their online presence by creating<br />
photographs that they are proud to<br />
share.” Giselle’s work has won a number<br />
<strong>of</strong> awards, has been published in magazines<br />
and newspapers, and featured in<br />
marketing campaigns.<br />
JENHA PHILLIPS<br />
Te Puia | NZ Māori Arts & Crafts Institute<br />
has appointed Jenha Phillips as its<br />
new marketing and communications<br />
manager. Jenha has come from Scion,<br />
the Crown Research Institute for Forestry,<br />
where she was the marketing and<br />
communications manager. She has previously<br />
worked with Te Puia | NZMACI in<br />
various capacities since 2012 when she<br />
was communications manager at Rotorua<br />
NZ. Since then, she has worked with the<br />
organisation as a client at Shine PR and<br />
Phillips Group. Jenha is excited to join<br />
the tourism sector again and to reconnect<br />
with the team to preserve, promote, and<br />
perpetuate Māori culture.<br />
GRANT MARUNUI<br />
Te Puia | NZ Māori Arts & Crafts introduces<br />
its new Tumu Whakairo Rākau<br />
(Head <strong>of</strong> Wood Carving School) Grant<br />
1<br />
4<br />
Marunui (Ngāti Hurungaterangi, Ngāti<br />
Te Kahu, Ngāti Rangiteaorere, Ngāti Rongomai,<br />
Ngāti Manawa and Rangitāne ki<br />
Manawatu, Ngāti Apa ki te Rā Tō, Ngāti<br />
Kuia). Marunui comes from his own<br />
business Te Taonga Māori Art which was<br />
based at Scion, fostering an integration <strong>of</strong><br />
matauranga and science.<br />
Marunui says “with the support <strong>of</strong><br />
my masters who taught me, I intend on<br />
supporting our pouako (tutors) and<br />
tauira (students) to ensure we maintain<br />
the high level <strong>of</strong> carving our masters set<br />
for us”.<br />
2<br />
5<br />
1. Giselle Brosnahan, Giselle B Photography. 2. Kirsten Ogden, Fuel Agency. 3. Tom Lear, Fuel<br />
Agency. 4. Jenha Phillips, Te Puia. 5. Grant Marunui, Te Puia. 6. Scott Koster, Salvation Army.<br />
3<br />
6<br />
KIRSTEN OGDEN<br />
Fuel Agency is thrilled to announce the<br />
appointment <strong>of</strong> Kirsten Ogden as Account<br />
Director. Kirsten significantly enhances<br />
the agency’s ability to <strong>of</strong>fer world-class<br />
client service capabilities. She brings over<br />
a decade <strong>of</strong> extensive agency and publishing<br />
experience, having worked in media<br />
industries both in New Zealand and London.<br />
She has driven successful projects<br />
for Beef + Lamb New Zealand, Panasonic,<br />
Tourism Australia, Western <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong><br />
District Council, Super Liquor and Resene<br />
Paints. “I was attracted to Fuel because <strong>of</strong><br />
its reputation,” said Kirsten. “I look forward<br />
to delivering the highest quality <strong>of</strong><br />
service to clients and helping Fuel thrive<br />
as we move forward.”<br />
TOM LEAR<br />
Creative Director Tom Lear joins Fuel<br />
Agency from Society to underline the<br />
Agency’s commitment to <strong>of</strong>fering some <strong>of</strong><br />
the best advertising creative in the industry.<br />
Tom brings global experience to Fuel,<br />
having worked with agencies such as<br />
Saatchi & Saatchi and CHE Proximity and<br />
brands like Mazda, Foxtel, Telstra, Bank <strong>of</strong><br />
Melbourne, Classic Builders, Zespri and<br />
Lion Breweries.<br />
“I welcome the opportunity to help<br />
clients articulate their brand message<br />
in a way that resonates with their audiences<br />
in an increasingly complex world,”<br />
said Tom. With Tom on the team, Fuel<br />
continues to be an agency to watch as it<br />
embarks on its next chapter <strong>of</strong> growth.<br />
SCOTT KOSTER<br />
The Salvation Army has announced the<br />
recent appointment <strong>of</strong> Scott Koster as a<br />
new Wills and Bequests Manager. Scott<br />
recently left a long career in the banking<br />
industry, working in the UK and New Zealand,<br />
with an early career in the automobile<br />
industry in California.<br />
Scott’s role endeavours to support and<br />
promote social causes that directly and<br />
positively impact people’s lives. Scott<br />
is thrilled to be part <strong>of</strong> a dynamic team<br />
that will further continue the mission <strong>of</strong><br />
the Salvation Army, changing lives for<br />
the better through the generosity <strong>of</strong> its<br />
bequestors.<br />
NEW BOARD<br />
ANNOUNCED<br />
FOR TAURANGA<br />
BUSINESS<br />
CHAMBER<br />
JAMIE LUNAM<br />
– CHAIR<br />
1 2 3 4<br />
Jamie has been a local SME business<br />
leader across several organisations<br />
and industries in the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> and<br />
Waikato for 15 years, with his expertise<br />
residing predominantly in the primary<br />
and manufacturing sectors. Having been<br />
an active part <strong>of</strong> Chamber activities over<br />
the years, including head judge for the<br />
Tauranga <strong>Business</strong> Awards, has given<br />
Jamie great insight into the wider business<br />
ecosystem in Tauranga and he is<br />
excited to be a part <strong>of</strong> the team leading<br />
the Tauranga <strong>Business</strong> Chamber into<br />
its next phase. Having recently handed<br />
over the leadership <strong>of</strong> local business<br />
Jenkins Freshpac Systems, Jamie is now<br />
working in the consulting and contracting<br />
space with the SME community in<br />
the <strong>Bay</strong> <strong>of</strong> <strong>Plenty</strong> with a drive to be a<br />
part <strong>of</strong> helping shape economic, and in<br />
turn, social outcomes for our deserving<br />
community.<br />
LLOYD RAKAUPAI<br />
– VICE CHAIR<br />
Lloyd is an Account Manager for Vertical<br />
Horizonz New Zealand, with a<br />
background and expertise in strategic<br />
acumen and business growth. He is currently<br />
the Deputy Chairperson <strong>of</strong> the<br />
Tauranga Māori <strong>Business</strong> Association,<br />
a delegate <strong>of</strong> Te Kotahitanga o Ngāti<br />
Tūwharetoa Trust, an Honorary Fisheries<br />
Officer and has been involved with<br />
the New Zealand Defence Force for the<br />
past 18 years. Lloyd is currently studying<br />
a Master <strong>Business</strong> Administration.<br />
“I strive to live by two principles: He<br />
Mahitahi, meaning to work together<br />
and Whanake, meaning to grow, move<br />
onwards, move upwards, spring up,<br />
develop and rise.”<br />
BENJI CROSSLEY<br />
Benji is a Senior Solicitor in the Property<br />
Team at Sharp Tudhope Lawyers.<br />
He returned to the <strong>Bay</strong> with his family<br />
in 2019 following time away working<br />
and studying. Prior to joining Sharp<br />
Tudhope Benji spent ten years working<br />
in sports administration for Wellington<br />
Rugby, England Rugby and World Rugby.<br />
He has been involved in transformative<br />
projects and major events working with<br />
a wide array <strong>of</strong> individuals across sport.<br />
Tauranga has an exciting future. Benji<br />
is keen to play any part he can in helping<br />
the Tauranga business community<br />
thrive and make the most <strong>of</strong> the opportunities<br />
this city presents.<br />
DEBBIE IRELAND<br />
For the past 16 years, Debbie has grown<br />
her Tauranga-based business Digital<br />
Workplace Results (formerly<br />
ShareThePoint Ltd), a premier Micros<strong>of</strong>t<br />
365 Training Provider. She enables businesses<br />
to understand that real change<br />
is achieved by empowering people and<br />
utilising technology as an enabling tool.
<strong>December</strong> <strong>2023</strong> BAY OF PLENTY BUSINESS NEWS 23<br />
PEOPLE<br />
> FIRST ON THE SCENE<br />
Tauranga <strong>Business</strong> Chamber <strong>Business</strong> After 5<br />
with Alliance Sponsors’ at Cargo Shed, November 8, <strong>2023</strong><br />
Photography: Salina Galvan Photography<br />
ONE<br />
TWO<br />
THREE<br />
FOUR<br />
FIVE<br />
SIX<br />
SEVEN<br />
EIGHT<br />
NINE<br />
ONE Miriam Hauke, Lizzie Seekup & Kelly Taylor (Trinity Wharf).<br />
TWO Sonia Tibble (Beca), Raewyn Peck, Angelique Scott & Rhea<br />
Clune (Personnel Resources). THREE Dan Allen – Gordon (Graeme<br />
Dingle Foundation), Kevin Murray (Surveying Services), Mark<br />
Beaudoin & Wanita Wood (First Credit Union) . FOUR Jono Earles<br />
(Web Genius), Jacqui & Peter Wren-Hilton (Wharf42 Limited). FIVE<br />
Chris Symes (Oxygen8 Consulting), Valerie Rowe-Mitchell (Emerald<br />
<strong>Business</strong> Advisor) & Greg Roworth (<strong>Business</strong> Flight Path). SIX Jordy<br />
Eves & Tamzin Hall (Torpedo7), Mike Rawnsley & Jason Sheard<br />
(The Warehouse Group). SEVEN John McKinley (Vega Mortgages),<br />
Tazmeen Khan (Tazmeen Khan Financial Services) & Roger Shaw<br />
(Kiwibank <strong>Business</strong> Banking). EIGHT Shannon Sheard (The<br />
Warehouse Group) & Susanna Lin (Access NZ). NINE Julio Silva (Zucca<br />
Books & Production) & Gisela De Castro (The University <strong>of</strong> Waikato) .<br />
1. Jamie Lunam. 2. Lloyd Rakaupai.<br />
3. Benji Crossly. 4. Debbie Ireland.<br />
5. Rochelle Lockley . 6. Deborah Peake.<br />
7. Chad Wallace. 8. Linda Finlay.<br />
Photos courtesy Salina Galvan Photography<br />
5 6 7 8<br />
Debbie’s clients include local and international<br />
businesses across multiple<br />
industries. Debbie is well known for<br />
“making things happen”. Her experience<br />
as a small business owner brings valued<br />
perspective. Debbie is a Chartered Member<br />
<strong>of</strong> the Institute <strong>of</strong> Directors. She has<br />
been a Board Member/Chair for Youth,<br />
Search and Rescue, and instrumental in<br />
scaling and strategy.<br />
ROCHELLE LOCKLEY<br />
Rochelle Lockley is the General Manager<br />
Communications for Port <strong>of</strong> Tauranga<br />
Limited, New Zealand’s largest port. She<br />
joined the executive team <strong>of</strong> the Port in<br />
September 2020. Prior to this, she spent<br />
15 years operating her own strategic<br />
communications consultancy advising<br />
clients <strong>of</strong> all sizes from not-for-pr<strong>of</strong>it<br />
organisations through to listed companies.<br />
Rochelle is a former journalist and<br />
has held senior communications positions<br />
in the telecommunications, tourism<br />
and tertiary education sectors. Over<br />
the past 30 years, she has worked in<br />
communications in London, New York,<br />
Sydney, Auckland and Tauranga.<br />
DEBORAH PEAKE<br />
Deborah is a qualified Non-Executive<br />
Director certified through the IOD in<br />
London, she <strong>of</strong>fers strategic leadership<br />
and governance expertise, to any role<br />
she takes on. Her tenure on the Health<br />
Lottery Board in the UK, oversaw the<br />
distribution <strong>of</strong> funds to health charities<br />
and reflects her commitment to making<br />
a positive impact. Deborah’s extensive<br />
advertising career spans across the UK,<br />
USA, Australia and China, and working<br />
with brands such as British Airways, Gillette,<br />
Walt Disney, Nestle and Procter &<br />
Gamble illustrates her ability to understand<br />
diverse markets and industries.<br />
After her return home, Deborah transitioned<br />
into real estate at Tremains.<br />
CHAD WALLACE<br />
Chad is a Senior Associate at Cooney<br />
Lees Morgan. Over the last 8 years at<br />
CLM he has had the privilege <strong>of</strong> advising<br />
and learning from some <strong>of</strong> Tauranga’s<br />
best businesspeople. This year he<br />
had the honour <strong>of</strong> being named a Rising<br />
Star by NZ Lawyer. Chad lives in Pyes Pa<br />
with wife Sara and two boys, who are 3<br />
and 5, and he is very proud <strong>of</strong> our city<br />
and passionate about its future. He will<br />
use this opportunity with the Chamber<br />
Board to utilise his skills and experience<br />
to develop and grow our city.<br />
LINDA FINLAY<br />
Linda is a Partner BDO Tauranga. She is<br />
chartered accountant with over 15 years<br />
experience in business advisory, statutory<br />
compliance, management accounting<br />
and general accounting functions.<br />
Linda specialises in management reporting<br />
and business analysis – breaking<br />
down the sea <strong>of</strong> numbers to what it really<br />
means for the business owner. Linda<br />
was co-opted onto the Chamber Board<br />
in November <strong>2023</strong> following a skills<br />
assessment <strong>of</strong> the members after the<br />
election. As Treasurer, Linda works with<br />
the CEO on the prudent management <strong>of</strong><br />
the Chamber’s financials and leads the<br />
Board on strategic financial decisions.
Holiday bonuses,<br />
remember them?<br />
Go in the draw to win a $100 Prezzy Card when you sign<br />
up to any eligible business mobile and broadband plan.<br />
1,000 Prezzy Cards up for grabs<br />
Head instore or shop online at 2degrees.nz/business<br />
Offer available 30/10/<strong>2023</strong> – 07/02/2024 to customers who sign up to any 2degrees <strong>Business</strong><br />
Connect or <strong>Business</strong> Choice Mobile Plans or <strong>Business</strong> Broadband Plans.<br />
One entry per business account. Winners will be drawn 16th February 2024. Prezzy card is not<br />
transferrable, exchangeable, or redeemable for cash. 2degrees reserves the right to cancel or amend this<br />
<strong>of</strong>fer at any time. Promotion T&Cs and Mobile or Broadband T&Cs apply. See 2degrees.nz for full T&Cs.<br />
FOR KIWI BUSINESS