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Education, training and employment

accelerateonline • May 24, 2021

Budget Special Alert 2021

Just over $1b of new operating funding is committed to education along with just under $730m of capital funding over 10 years.

$44m for a digital skills training programme over two years will help provide core digital skills training to up to 60,000 small businesses, with supporting advisory services to help 30,000 businesses create digital business action plans.

The Training Incentive Allowance will be extended, enabling more people to access financial support for employment-related training. A 13.4% increase in Vocational Education and Training (VET) funding allocates $279.5m to implement a unified funding system to better support work-integrated provision and learner needs and to help sustain a regional network of VET provision.

A ‘Social Unemployment Insurance Scheme’ is proposed, like the ACC system in some ways, but for unemployment. The proposal provides a worker who loses their job with 80% of their income for a fixed period, with minimum and maximum caps. The scheme will be jointly designed by a Social Insurance Tripartite Working Group comprising the Government, Business NZ and the New Zealand Council of Trade Unions, with stakeholder and public consultation this year.

Accelerate December 2023

By Withers Admin • 04 Dec, 2023
Accelerate - December 2023

Accelerate August 2023

By Withers Admin • 04 Dec, 2023
Accelerate August 2023 

Livestock Special Alert 2023

By accelerateonline • 12 Jun, 2023
Inland Revenue have recently announced this year’s livestock Herd Scheme Values and we think this is a great opportunity to update you on the latest movements. The Herd Scheme Values are the National Average Market Values, determined by a process involving a review of the livestock market as at 30 April.

Livestock Special Alert 2023: Dairy Cattle

By accelerateonline • 12 Jun, 2023
The values for Dairy this year have seen a fall in values across all female classes, but increases across all male classes. The fall in R1 heifer values can be attributed to the prohibition of live export by sea commencing from 30 April 2023. For the first time the National Average Market Value for R1 Heifers is less than the National Standard Cost of breeding and rearing an R1 Heifer.

Livestock Special Alert 2023: Beef

By accelerateonline • 12 Jun, 2023
In contrast to Dairy values Beef values have increased on average 9% and are almost at record values for all classes.

Livestock Special Alert 2023: Sheep

By accelerateonline • 12 Jun, 2023
Sheep values have all fallen from the high of 2022, slipping back an average of 10.2%. Whilst values have fallen, they are still either the second or third highest that they have ever been depending on which class of sheep you are looking at.

Livestock Special Alert 2023: Goats

By accelerateonline • 12 Jun, 2023
Goat values have increased on average 7.8% with almost all classes of fibre and meat producing goats at record highs. The value of milking goats continues to be well down from historic highs, except for breeding bucks which are at their highest value.

Accelerate Budget Special Alert 2023

By accelerateonline • 21 May, 2023
Like the rest of the world, New Zealand has reeled from the aftermath of Covid, rising inflation and interest rates, and the cost-of-living crisis. This year we also have a massive storm damage repair bill.

Tax

By accelerateonline • 21 May, 2023
Any tax cuts, or changes to the tax thresholds were vetoed in Budget 2023 as this was viewed as worsening inflation.

Infrastructure

By accelerateonline • 21 May, 2023
Budget 2023 builds on the $889m already provided in response to this year’s storms. A further $6b is allocated for a National Resilience Plan , for rebuilding after weather events. $71b is committed to new and existing infrastructure projects: not only storm damaged communications, power and roading, but schools, hospitals, public housing, rail and road.
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